Applicable Seller definition
Examples of Applicable Seller in a sentence
Xxxxx Fargo agrees (and each Seller hereby directs Xxxxx Fargo) to pay on each Purchase Date to the Applicable Seller Account(s) the Purchase Price for the Proposed Receivables specified in the related Funding Notice that Xxxxx Fargo has agreed to purchase pursuant to Section 2.1 on such Purchase Date.
In the event that the Applicable Seller objects in writing within such 30-day period, the Applicable Buyer and the Applicable Seller shall negotiate in good faith to resolve the dispute.
Each of the Applicable Buyer and the Applicable Seller shall bear all fees and costs incurred by it in connection with the determination of the Applicable Allocation Statement, except that the parties shall each pay one-half (50%) of the fees and expenses of such accounting firm.
Based on such reconciliation information provided by the Servicer to Xxxxx Fargo with respect to such Receivable resulting from such communications, (i) if such payment related to a Purchased Receivable, Xxxxx Fargo shall apply such payment to such Purchased Receivable, or (ii) if such payment related to a Receivable which is not a Purchased Receivable, Xxxxx Fargo shall promptly remit such payment to the Applicable Seller Account.
Effective upon the consummation of the Minority Purchase pursuant hereto, the Companies acknowledge and agree that they shall not make any claim related to the Seller Released Matters against any Person that has a right to seek indemnification, contribution or other relief for such claim from any Applicable Seller.