Common use of Accounts to be Sold Clause in Contracts

Accounts to be Sold. 1. Seller agrees to sell, and Purchaser agrees to purchase open Accounts and closed Accounts with a balance, as they exist as of the Seller’s close of business on the Closing Date (separately and collectively, the “Accounts to be Sold”). Accounts to be Sold shall not include any Ineligible Account as defined in Section II.A.2. below.

Appears in 4 contracts

Sources: Credit Card Account Purchase Agreement, Credit Card Account Purchase Agreement (Park National Corp /Oh/), Credit Card Account Purchase Agreement (Fulton Financial Corp)

Accounts to be Sold. 1. Seller agrees to sell, and Purchaser agrees to purchase open Accounts and closed Accounts with a balance, as they exist as of the Seller’s close of business on the Closing Date (separately and collectively, the "Accounts to be Sold"). Accounts to be Sold shall not include any Ineligible Account as defined in Section II.A.2. below.

Appears in 1 contract

Sources: Credit Card Account Purchase Agreement (Bar Harbor Bankshares)