Common use of Collections Received Clause in Contracts

Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following receipt thereof) to a Lock-Box Account all Collections received from time to time by the Transferor, the Collection Agent and the Sellers.

Appears in 4 contracts

Samples: Receivables Transfer Agreement (Trimas Corp), Receivables Transfer Agreement (Trimas Corp), Receivables Transfer Agreement (Trimas Corp)

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Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following receipt thereof) to a Lock-Box Lockbox Account all Collections received from time to time by the Transferor, the Collection Agent and the Sellers, or with the consent of the Administrative Agent and the Required Committed Purchasers, to a segregated account satisfactory to the Administrative Agent and the Required Committed Purchasers.

Appears in 2 contracts

Samples: Receivables Transfer Agreement (Tyson Foods Inc), Receivables Transfer Agreement (Tyson Foods Inc)

Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers cause each Seller to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following receipt thereof) to a Lock-Box Lockbox Account all Collections received from time to time by the TransferorTransferor or any Sellers, as the Collection Agent and the Sellerscase may be.

Appears in 2 contracts

Samples: Receivables Transfer Agreement (Collins & Aikman Corp), Receivables Transfer Agreement (Collins & Aikman Corp)

Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, shall hold in trust, and deposit remit immediately (but in any event no later than one two (12) Business Day Days following its receipt thereof) to a Lock-Box the Collection Account all Collections received from time to time by the Transferor, Transferor or the Collection Agent and Agent, as the Sellerscase may be.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Metris Companies Inc)

Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers cause each Seller to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following its receipt thereof) to a Lock-Box Account all Collections received from time to time by the TransferorTransferor or any Seller, as the Collection Agent and the Sellerscase may be.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Collins & Aikman Corp)

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Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following receipt thereof) to a Lock-Box Lockbox Account all Collections received from time to time by the Transferor, the Collection Agent and the Sellers.

Appears in 1 contract

Samples: Receivables Transfer Agreement (Metaldyne Corp)

Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, shall -------------------- hold in trust, and deposit remit immediately (but in any event no later than one two (12) Business Day Days following its receipt thereof) to a Lock-Box the Collection Account all Collections received from time to time by the Transferor, Transferor or the Collection Agent and Agent, as the Sellerscase may be.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Metris Companies Inc)

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