Common use of Crediting Customer Payments Clause in Contracts

Crediting Customer Payments. Upon Purchaser's receipt of payment of a Purchased Account, Purchaser shall promptly credit such customer payment (the "Customer Payments") to the amount outstanding with respect to such Purchased Account. Notwithstanding the foregoing, if any Customer Payment is subsequently dishonored or Purchaser does not receive good funds for any reason, the amount of such uncollected Customer Payment shall be included in the Account Balance as if such Customer Payment had not been received, and Finance Fees shall accrue thereon, and the credit to the specific Purchased Account shall be reversed. Notwithstanding the foregoing, upon the occurrence of an Event of Default, Purchaser shall apply all Customer Payments to Seller's Obligations under this Agreement in such order and manner as Purchaser shall, in its sole discretion, determine.

Crediting Customer Payments. Upon Purchaser's ’s receipt of payment of a Purchased Account, Purchase Account Purchaser shall promptly credit such customer payment (the "“Customer Payments"”) to the amount outstanding with respect to such Purchased Account. Notwithstanding the foregoing, if any Customer Payment is subsequently dishonored or Purchaser does not receive good funds for any reason, the amount of such uncollected Customer Payment shall be included in the Account Balance as if it such Customer Payment had not been received, and Finance Fees shall accrue thereon, and the credit to the specific Purchased Account shall be reversed. Notwithstanding the foregoing, upon the occurrence of an Event of Default, Purchaser shall will apply all Customer Payments to Seller's ’s Obligations under this Agreement in such order and manner as Purchaser shall, in its sole discretion, determine.

Crediting Customer Payments. Upon Purchaser's receipt of payment of a Purchased Purchase Account, Purchaser shall promptly credit such customer payment (the "Customer Payments") to the amount outstanding with respect to such Purchased Account. Notwithstanding the foregoing, if any Customer Payment is subsequently dishonored or Purchaser does not receive good funds for any reason, the amount of such uncollected Customer Payment shall be included in the Account Balance as if such Customer Payment had not been received, and Finance Fees shall accrue thereon, and the credit to the specific Purchased Account shall be reversed. Notwithstanding the foregoing, upon the occurrence of an Event of Default, Purchaser shall apply all Customer Payments to Seller's Obligations under this Agreement in such order and manner as Purchaser shall, in its sole discretion, determine.

Crediting Customer Payments. Upon PurchaserLender's receipt of payment of a Purchased Financed Account, Purchaser Lender shall promptly credit such customer payment (the "Customer Payments") to the amount outstanding with respect to such Purchased Financed Account. Notwithstanding the foregoing, if any Customer Payment is subsequently dishonored or Purchaser Lender does not receive good funds for any reason, the amount of such uncollected Customer Payment shall be included in the Account Balance Balances as if such Customer Payment had not been received, and Finance Fees shall accrue thereon, and the credit to the specific Purchased Financed Account shall be reversed. Notwithstanding the foregoing, upon the occurrence of an Event of Default, Purchaser Lender shall apply all Customer Payments to SellerBorrower's Obligations under this Agreement in such order and manner as Purchaser Lender shall, in its sole discretion, determine.

Crediting Customer Payments. Upon Purchaser's Lender’s receipt of payment of a Purchased Financed Account, Purchaser Lender shall promptly credit such customer payment (the "“Customer Payments"”) to the amount outstanding with respect to such Purchased Financed Account. Notwithstanding the foregoing, if any Customer Payment is subsequently dishonored or Purchaser Lender does not receive good funds for any reason, the amount of such uncollected Customer Payment shall be [ILLEGIBLE] included in the Account Balance as if such Customer Payment had not been received, and Finance Fees shall accrue thereon, and the credit to the [ILLEGIBLE] specific Purchased Financed Account shall be reversed. Notwithstanding the foregoing, upon the occurrence of an Event of Default, Purchaser Lender shall apply all Customer Payments to Seller's Borrower’s Obligations under this Agreement in such order and manner as Purchaser Lender shall, in its sole discretion, determine.