Application of Remittances and Credits. Customer shall apply all remittances against the aggregate of Customer's outstanding Accounts no later than the end of the Business Day on which such remittances are deposited into the Special Account. Customer also agrees to apply each remittance against its respective Account no later than three (3) Business Days from the date such remittance is deposited into the Special Account. In addition, Customer shall promptly apply any credits owing in respect to any Account when due.
Appears in 14 contracts
Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc), Inventory and Working Capital Financing Agreement (Datatec Systems Inc), Inventory and Working Capital Financing Agreement (Litronic Inc)
Application of Remittances and Credits. Customer shall apply all remittances against the aggregate of Customer's outstanding Accounts no no. later than the end of the Business Day on which such remittances are deposited into the Special Account. Customer also agrees to apply each remittance against its respective Account no later than three (3) Business Days from the date such remittance is deposited into the Special Special. Account. In addition, Customer shall promptly apply any credits owing in respect to any Account when due.
Appears in 1 contract
Samples: Financing Agreement (Emtec Inc/Nj)
Application of Remittances and Credits. Customer shall apply all remittances against the aggregate of Customer's outstanding Accounts no later than the end of the next Business Day on which such remittances are deposited into the Special Account. Customer also agrees to apply each remittance against its respective Account no later than three (3) Business Days from the date such remittance is deposited into the Special Account. In addition, Customer shall promptly apply any credits owing in respect to any Account when due.
Appears in 1 contract
Samples: Inventory and Working Capital Financing Agreement (Xlconnect Solutions Inc)
Application of Remittances and Credits. Customer shall apply all remittances against the aggregate of Customer's outstanding Accounts no later than the end of the Business Day on which such remittances are deposited into the Special Account. Customer also agrees to apply each remittance against its respective Account no later than three (3) Business Days from the date such remittance is deposited into the Special Account. In additionAddition, Customer shall promptly apply any credits owing in respect to any Account when due.
Appears in 1 contract
Samples: Revolving Loan and Security Agreement (Netobjects Inc)
Application of Remittances and Credits. Customer Customers shall apply all remittances against the aggregate of Customer's their respective outstanding Accounts no later than the end of the Business Day on which such remittances are deposited into the Special Account. Customer Customers also agrees agree to apply each remittance against its respective Account no later than three (3) Business Days from the date such remittance is deposited into the Special Account. In addition, Customer Customers shall promptly apply any credits owing in respect to any Account when due.
Appears in 1 contract
Samples: Inventory and Working Capital Financing Agreement (Savoir Technology Group Inc/De)
Application of Remittances and Credits. Customer shall apply all remittances against the aggregate of Customer's outstanding Accounts ACcounts no later than the end of the Business Day on which such remittances are deposited into the Special Account. Customer also agrees to apply each remittance against its respective Account no later than three (3) Business Days from the date such remittance is deposited into the Special Account. In addition, Customer shall promptly apply any credits owing in respect to any Account when due.
Appears in 1 contract
Samples: Working Capital Financing Agreement (Ameriquest Technologies Inc)
Application of Remittances and Credits. Customer shall apply all remittances with respect to Accounts against the aggregate of Customer's outstanding Accounts no later than the end of the Business Day on which such remittances are deposited into the Special Account. Customer also agrees to apply each remittance against its respective Account no later than three (3) Business Days from the date such remittance is deposited into the Special Account. In addition, Customer shall promptly apply any credits owing in respect to any Account when due.Special
Appears in 1 contract
Samples: Working Capital Financing and Term Loan Agreement (Radius Inc)
Application of Remittances and Credits. Customer shall apply all remittances with respect to Accounts against the aggregate of Customer's outstanding Accounts no later than the end of the Business Day on which such remittances are deposited into the Special Account. Customer also agrees to apply each remittance with respect to Accounts against its respective Account no later than three (3) Business Days from the date such remittance is deposited into the Special Account. In addition, Customer shall promptly apply any credits owing in respect to any Account when due.
Appears in 1 contract
Samples: Working Capital Financing and Term Loan Agreement (Ibm Credit Corp)
