Common use of Calculation of Discount Clause in Contracts

Calculation of Discount. On the 10th Business Day immediately preceding each Settlement Date for each Receivable Interest of the Committed Purchasers in a Group, the applicable Co-Agent shall calculate the aggregate amount of Discount for the applicable Tranche Period and shall notify the Seller of such aggregate amount, if any.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Yellow Roadway Corp), Receivables Purchase Agreement (Yellow Roadway Corp), Receivables Purchase Agreement (Yellow Roadway Corp)

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Calculation of Discount. On the 10th Business Day immediately preceding each Monthly Settlement Date for each Receivable Interest of the Committed Purchasers in a Group, the applicable Co-Agent shall calculate the aggregate amount of Discount for the applicable Tranche Period or Accrual Period and shall notify the Seller of such aggregate amount, if any.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Yrc Worldwide Inc)

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