TRM ATM definition
Examples of TRM ATM in a sentence
TRM ATM covenants and agrees that it shall cause all ATM Fees to be deposited by the applicable Processing Agent directly into the ATM Fee Settlement Account.
TRM ATM has the requisite corporate power and authority and all material licenses, permits and authorizations necessary to enter into, deliver and carry out its obligations pursuant to this Agreement and the other Transaction Agreements.
Notwithstanding the foregoing and any other provision in the Transaction Documents, the parties hereto acknowledge and agree that solely for federal, state and local income tax purposes, for purposes of any other taxes imposed upon, measured by or based upon gross or net income, and for franchise tax purposes, Borrower shall be treated (i) as having made a loan or series of loans to TRM ATM and (ii) as holding such Cash as security for the obligations of TRM ATM (as borrower) to Borrower.
On or prior to the initial Borrowing Date, TRM ATM shall deliver the Letter of Credit to the Collateral Agent as security for the performance of its duties hereunder as TRM ATM, as Servicer and as Administrator and as security for the Borrower's obligations to the Secured Parties hereunder.
Apply all Loan and Certificate proceeds solely to provide cash to TRM ATM pursuant hereto.
TRM ATM hereby acknowledges and agrees that all right, title and interest in and to any and all Cash provided by the Borrower to TRM ATM or its agents or subcontractors for use in the ATMs is and shall remain the sole and separate property of the Borrower.
If to TRM ATM, to: TRM ATM Corporation ▇▇▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ Facsimile: ▇▇▇-▇▇▇-▇▇▇▇ Attn: Chief Executive Officer, Chief Operating Officer, and General Counsel with a copy, which shall not constitute notice to TRM ATM, to: ▇▇▇▇▇ ▇.
TRM ATM expressly acknowledges that the Cash supplied to the ATMs is not, and is not intended to be, a loan from the Borrower to TRM ATM.
TRM ATM is acquiring the Interests for its own account, for investment only, and not with a view to any resale or public distribution thereof.
As contemplated by this Agreement, the purchase by (i) TRM ATM from the Parent, and the conveyance, assignment, transfer, and delivery to TRM ATM by Parent, of the Interests, and (ii) TRM Canada from EFC, and the conveyance, assignment, transfer, and delivery to TRM Canada by EFC, of the Transferred IP Rights, shall convey to the applicable Purchasers (or their applicable Affiliates) ownership of, or a valid right to use, all of the material Intellectual Property of the Base Business.