Glossary entry

English term or phrase:

wrong pocket clause

Polish translation:

klauzula zwrotu/przekazania nienależnych środków pieniężnych

Added to glossary by mike23
Jun 24, 2017 11:10
6 yrs ago
11 viewers *
English term

wrong pocket clause

English to Polish Bus/Financial Business/Commerce (general)
Wrong Pocket. In the event the Seller or any of its Affiliates receives any payment related to any Acquired Asset after the Initial Closing, the Seller agrees to promptly remit (or cause to be promptly remitted) such funds to the Purchaser
Change log

Jul 12, 2017 14:51: mike23 Created KOG entry

Proposed translations

+1
2 hrs
Selected

klauzula zwrotu/przekazania nienależnych środków pieniężnych

klauzula zwrotu/przekazania nienależnych środków pieniężnych
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Wrong Pocket Assets. If any time after the Closing Date, Seller, on the one hand, or Purchaser, on the other hand, shall receive or otherwise possess any asset that should belong to the other Party under this Agreement, Seller and Purchaser agree to promptly transfer such asset to the Party so entitled hereto.
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Wrong Pocket Assets. Unless otherwise specifically provided in Exhibit A, if at any time or from time to time after each Closing Date, any Seller Entity, on the one hand, or Purchaser, on the other, shall receive or otherwise possess any asset (including cash) that should belong to another Person pursuant to this Agreement, such Seller Entity or Purchaser agree to promptly transfer, or cause to be transferred, such asset to the Person so entitled thereto.

https://www.lawinsider.com/clause/wrong-pocket-assets?clause...[0]=Wrong%20Pocket%20Assets


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Note added at 2 hrs (2017-06-24 13:31:07 GMT)
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https://www.lawinsider.com/clause/wrong-pocket-assets?clause...
Peer comment(s):

agree Frank Szmulowicz, Ph. D. : Zwrot jest ważnym elementem tej klauzuli.
11 hrs
Dziękuję Frank. Pozdrawiam
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4 KudoZ points awarded for this answer.
+1
1 hr

klauzula omyłkowego przelewu

propozycja

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Note added at 1 hr (2017-06-24 12:40:15 GMT)
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lub też: "klauzula otrzymania omyłkowych/nienależnych funduszy"
Peer comment(s):

agree Frank Szmulowicz, Ph. D. : Nie wiem czy to jest omyłka, ale te kwoty są nienależne.
12 hrs
Dziękuję.
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