Common use of Qualified Intermediary Clause in Contracts

Qualified Intermediary. Seller will assign to the Qualified ---------------------- Intermediary all of Seller's rights in the proceeds of this Agreement. All proceeds owed Seller for the sale under the Stock Purchase Agreement and, subject to Section 21.4, this Agreement shall then be paid to the Qualified Intermediary.

Appears in 2 contracts

Sources: Purchase Agreement (Eex Corp), Purchase Agreement (Eex Corp)

Qualified Intermediary. Seller will assign to the Qualified ---------------------- Intermediary all of Seller's rights in the proceeds of this Agreement. All proceeds owed Seller for the sale under the Stock Purchase Agreement and, subject to Section 21.4, this Agreement shall then be paid to the Qualified Intermediary.

Appears in 2 contracts

Sources: Purchase Agreement (Tesoro Petroleum Corp /New/), Purchase Agreement (Tesoro Petroleum Corp /New/)