Acquirer Sample Clauses
The "Acquirer" clause defines the party in a transaction who is purchasing assets, shares, or a business from another party, typically referred to as the seller. This clause identifies the acquirer by name or description and may specify their rights, obligations, and responsibilities under the agreement. For example, in a merger or acquisition contract, the acquirer is the entity taking ownership of the target company. The core function of this clause is to clearly designate the buyer in the transaction, ensuring there is no ambiguity about which party is assuming ownership and related duties.
Acquirer. “Acquirer” means a sponsoring financial institution or payment processor that enters into an agreement which enables merchants, government entities or their Agent(s) to submit Transactions to a payment network.
Acquirer. The bank or other payment service provider with which the Merchant has directly entered into an agreement for a specific payment service.
Acquirer. Acquirer is a Delaware corporation, having its principal place of business in Minneapolis, Minnesota.
Acquirer. For purposes of this Agreement, the term “Acquirer” shall mean the entity (or entities) that acquire(s), directly or indirectly, control of the Company in connection with a Change in Control of the Company, including any successor to the Company by merger, consolidation, amalgamation, sale of all or substantially all assets, or other similar transaction.
Acquirer. It refers to a financial institution that has agreed with a contracted merchant to provide the consumption debit service for the Depositor.
Acquirer a bank or other financial institution which is a member of the International Payment Systems and which provides services on processing of Transactions, Refunds and Chargebacks.
Acquirer shall keep accurate and complete books and records concerning any Licensed Products Sold under this Agreement and all data that are relevant for the calculation of the royalty. The books and records shall include, without limitation, the date of the transaction involving Sales of Licensed Products, the number of items Sold, Net Proceeds received, and any other data, including supporting information sufficient to evidence the accuracy of royalty statements sent to Siemens in accordance with Article 6.
Acquirer. The term acquirer means any person that acquires an interest in a life insurance contract (through a di- rect acquisition or indirect acquisition of the interest) in a reportable policy sale.
Acquirer. Prior to the Effective Time, Acquirer shall not conduct any business or make any investments other than as specifically contemplated by or in furtherance of this Agreement, or incur or guarantee any indebtedness other than as necessary for the consummation of the Transactions.
Acquirer. (a) Since the date of its incorporation, Acquirer has not carried on any business or conducted any operations other than the execution of this Agreement, the performance of its obligations hereunder and matters ancillary thereto. Acquirer has no subsidiaries.
(b) The authorized capital stock of Acquirer consists of 3,000 shares of common stock, par value $0.01 per share, all of which have been validly issued, are fully paid and nonassessable and are owned free and clear of any Lien.