Crediting of Payments. For purposes of determining availability under this Agreement, payments on Purchased Receivables and other payments with respect to the collateral and Obligations will be credited to the Purchased Receivables of Seller upon the date of Buyer's receipt of advice from Buyer's bank that such payments have been credited to Buyer's account or in the case of payments received directly in kind by Buyer, upon the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection. Solely for the purpose of calculating fees under this Agreement, payments on Purchased Receivables and other payments with respect to collateral and Obligations shall be deemed received by Buyer three (3) business days after the date of Buyer's receipt of advice from Buyer's bank that such payments have been credited to Buyer's account or in the case of payments received directly in kind by Buyer, three (3) business days after the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection.
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Samples: Factoring Agreement Terms, Factoring Agreement Terms, Factoring Agreement Terms
Crediting of Payments. For purposes of determining availability under this Agreement, payments on Purchased Receivables and other payments with respect to the collateral and Obligations will be credited to the Purchased Receivables of Seller upon the date of Buyer's receipt of advice from BuyerXxxxx's bank that such payments have been credited to BuyerXxxxx's account or in the case of payments received directly in kind by Buyer, upon the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection. Solely for the purpose of calculating fees under this Agreement, payments on Purchased Receivables and other payments with respect to collateral and Obligations shall be deemed received by Buyer three (3) business days after the date of Buyer's receipt of advice from Buyer's bank that such payments have been credited to BuyerXxxxx's account or in the case of payments received directly in kind by BuyerXxxxx, three (3) business days after the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection.
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Samples: Factoring Agreement Terms, Factoring Agreement Terms, Factoring Agreement Terms
Crediting of Payments. For purposes of determining availability under this Agreement, payments on Purchased Receivables and other payments with respect to the collateral and Obligations will be credited to the Purchased Receivables of Seller upon the date of Buyer's ’s receipt of advice from Buyer's ’s bank that such payments have been credited to Buyer's ’s account or in the case of payments received directly in kind by Buyer, upon the date of Buyer's ’s deposit thereof at Buyer's ’s bank, subject in either case to final payment and collection. Solely for the purpose of calculating fees under this Agreement, payments on Purchased Receivables and other payments with respect to collateral and Obligations shall be deemed received by Buyer three (3) business days after the date of Buyer's ’s receipt of advice from Buyer's ’s bank that such payments have been credited to Buyer's ’s account or in the case of payments received directly in kind by Buyer, three (3) business days after the date of Buyer's ’s deposit thereof at Buyer's ’s bank, subject in either case to final payment and collection.
Appears in 3 contracts
Samples: Factoring Agreement, Factoring Agreement (MR2 Group, Inc.), Factoring Agreement (Stellar Acquisition III Inc.)
Crediting of Payments. For purposes of determining availability under this Agreement, payments on Purchased Receivables and other payments with respect to the collateral and Obligations will be credited to the Purchased Receivables of Seller upon the date dxxx of Buyer's receipt of advice from Buyer's bank that such payments have been credited to Buyer's account or in the case of payments received directly in kind by Buyer, upon the date of Buyer's deposit thereof at Buyer's bank, subject subject, in either case to final payment and collection. Solely for the purpose of calculating fees under this Agreement, payments on Purchased Receivables and other payments with respect to collateral and Obligations shall be deemed received by Buyer three (3) business days after the date of Buyer's receipt of advice from Buyer's ’s bank that such payments have been credited to Buyer's account or in the case of payments received directly in kind by Buyer, three (3) business days after the date of Buyer's deposit thereof at Buyer's bank, subject in either case ease to final payment and collection.
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Crediting of Payments. For purposes of determining availability under this Agreement, payments on Purchased Receivables and other payments with respect to the collateral and Obligations will be credited to the Purchased Receivables of Seller upon the date of Buyer's receipt of advice from BuyerXxxxx's bank that such payments have been credited to BuyerXxxxx's account or in the case of payments received directly in kind by BuyerXxxxx, upon the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection. Solely for the purpose of calculating fees under this Agreement, payments on Purchased Receivables and other payments with respect to collateral and Obligations shall be deemed received by Buyer three (3) business days after the date of Buyer's receipt of advice from Buyer's bank that such payments have been credited to BuyerXxxxx's account or in the case of payments received directly in kind by BuyerXxxxx, three (3) business days after the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection.
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Crediting of Payments. For purposes of determining availability under this Agreement, payments on Purchased Receivables and other payments with respect to the collateral and Obligations will be credited to the Purchased Receivables of Seller upon the date of Buyer's receipt of advice from Buyer's bank that such payments have been credited to Buyer's account or in the case of payments received directly in kind by Buyer, upon the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection. Solely for the purpose of calculating fees under this Agreement, payments on Purchased Receivables and other payments with respect to collateral and Obligations shall be deemed received by Buyer three (3) business 3 BUSINESS days after the date of Buyer's receipt of advice from Buyer's bank that such payments have been credited to Buyer's account or in the case of payments received directly in kind by Buyer, three (3) business 3 BUSINESS days after the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection.
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Samples: Accounts Receivable and Trade Financing Purchase and Security Agreement (Sealife Corp)
Crediting of Payments. For purposes of determining availability under this Agreement, payments on Purchased Receivables and other payments with respect to the collateral and Obligations will be credited to the Purchased Receivables of Seller upon the date of Buyer's receipt of advice from Buyer's bank that such payments have been credited to Buyer's account or in the case of payments received directly in kind by Buyer, upon the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection. Solely for the purpose of calculating fees under this Agreement, payments on Purchased Receivables and other payments with respect to collateral and Obligations shall be deemed received by Buyer three (3) 3 business days after the date of Buyer's receipt of advice from Buyer's bank that such payments have been credited to Buyer's account or in the case of payments received directly in kind by Buyer, three (3) 3 business days after the date of Buyer's deposit thereof at Buyer's bank, subject in either case to final payment and collection. This 3 day fee is charged to the Seller to cover the online Avalon Client Reporting system provided by Nori Systems, photo copying of all remittances, postage, processing two party checks, and limits the bank clearing time of all domestic checks received by Avalon to three days.
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Samples: Special Power of Attorney (Intelligent Highway Solutions, Inc.)