Crediting of Remittances. For the purpose of calculating interest, all Remittances and other proceeds of Receivables and other Loan Collateral shall be credited (conditional on final collection) against the unpaid Revolving Loan balance on the first Business Day after the Business Day that Bank received the same into the Special Account in Cincinnati, Ohio. For the purpose of determining Revolving Loan Availability, all Remittances and other proceeds of Receivables and other Loan Collateral shall be credited (conditional on final collection) against the amount of Eligible Receivables, Eligible Unbilled Revenue and the unpaid Revolving Loan balance on the Business Day immediately after the Business Day that Bank received the same into the Special Account in Cincinnati, Ohio. Notwithstanding anything to the contrary in this Section 7.5, Borrower acknowledges and agrees that deposits made and other items credited to the Special Account are subject to applicable laws and regulations governing availability of funds and Bank’s funds availability polices and may not be immediately available for application to the Loans or the other Obligations.
Crediting of Remittances. For the purpose of calculating interest, all Remittances and other proceeds of Receivables and other Loan Collateral shall be credited (conditional on final collection) against the unpaid Revolving Loan balance on the first Business Day after the Business Day that Agent received the same into the Special Account in Cincinnati, Ohio. For the purpose of determining Revolving Credit Availability, all Remittances and other proceeds of Receivables and other Loan Collateral shall be credited (conditional on final collection) against the amount of Borrower’s Eligible Receivables and unpaid Revolving Loan balance on the same Business Day that Agent received the same into the Special Account in Cincinnati, Ohio (subject to applicable Business Day cut-offs established from time to time by Agent). Notwithstanding anything to the contrary in this Section 7.5, Borrower acknowledges and agrees that deposits made and other items credited to the Special Account are subject to applicable laws and regulations governing availability of funds and Agent’s funds availability polices and may not be immediately available for application to the Loans or the other Obligations.
Crediting of Remittances. On and after the date a Cash Collateralization Notice shall have been delivered, for the purpose of calculating interest, all Remittances and other proceeds of Receivables, other Collateral, the Premises and any other security for the Obligations shall be credited to the applicable Borrower (conditional upon final collection) two (2) Business Days after Bank receives notice of deposit of the same into such Borrower's Special Account; provided, however, in the event that Bank receives notice of such deposit later than 12:00 noon on any Business Day, such Remittance deposited shall be credited to such Borrower (conditional upon final collection) three (3) Business Days after such deposit. On and after the date a Cash Collateralization Notice shall have been delivered, for the purpose of determining the aggregate loan availability hereunder, all such Remittances shall be credited on the Business Day on which Bank receives notice of such deposit into the applicable Borrower's Special Account. From time to time, Bank may adopt such regulations and procedures as it may deem reasonable and appropriate with respect to the operation of the Special Accounts, the Locked Boxes and the services to be provided by Bank under this Agreement.
Crediting of Remittances. For the purpose of calculating interest and determining Revolving Credit Availability, all Remittances and other proceeds of Receivables owing to Borrower and other Loan Collateral of Borrower shall be credited (conditional on final collection) against the unpaid Revolving Loan balance on the same Business Day that Agent received the same into the Locked Box or the Special Account (subject to Agent’s receipt of such funds no later than 12:00 p.m. noon (Los Angeles time) on such day and subject to any other applicable Business Day cut-offs established from time to time by Agent). Notwithstanding anything to the contrary in this Section 7.5, Borrower acknowledges and agrees that deposits made and other items credited to the Special Account are subject to applicable laws and regulations governing availability of funds and Agent’s funds availability polices and may not be immediately available for application to the Loans or the other Obligations.
Crediting of Remittances. For the purpose of calculating interest, all Remittances and other proceeds of Receivables, other Loan Collateral and other security for the Obligations received by the Agent on or prior to 12:00 noon (Cincinnati, Ohio time) on any Business Day shall be credited to the Borrowers (conditional upon final collection) (i) two (2) Business Days after the Agent receives notice of deposit of the same into the Special Account for Remittances and proceeds by check, (ii) one (1) Business Day after the Agent receives notice of deposit of the same into the Special Account for Remittances and proceeds through the ACH system, and (iii) the same Business Day after the Agent receives notice of deposit of the same into the Special Account for Remittances and proceeds in immediately available funds. For the purpose of calculating interest, all Remittances and other proceeds of Receivables, other Loan Collateral and other security for the Obligations received by the Agent after 12:00 noon (Cincinnati, Ohio time) on any Business Day shall be credited to the Borrowers (conditional upon final collection) on the Business Day after the Business Day identified in the first sentence of this Section 7.6. For the purpose of determining the aggregate loan availability hereunder, all such Remittances shall be credited on the Business Day on which the Agent receives notice of such deposit into the Special Account.
Crediting of Remittances. For the purpose of calculating interest, all Remittances and other proceeds of Receivables and other Loan Collateral shall be credited to Borrowers (conditional upon final collection) two Business Days after Agent's Structured Capital Division receives notice of deposit of the same into a Special Account or Transfer Account; provided, however, in the event that Agent's Structured Capital Division receives notice of such deposit later than 12:00 noon on any Business Day, such Remittance deposited shall be credited to Borrowers (conditional upon final collection) two Business Days after such deposit; and provided, further, that the time for crediting Remittances by the United States of America shall be one Business Day shorter than provided above in this sentence. For the purpose of determining the aggregate loan availability and the Unused Commitment Fee under Section 3.4, all such Remittances shall be credited on the Business Day on which Agent's Structured Capital Division receives notice of such deposit into a Special Account or Transfer Account. From time to time, Agent may adopt such regulations and procedures as it may deem reasonable and appropriate with respect to the operation of a Special Account, the Locked Boxes, a Blocked Account, a Transfer Account and the services to be provided by Agent under this Agreement so long as the adoption of such regulations and procedures will not change the material terms of this Agreement.
Crediting of Remittances. For the purpose of calculating interest, all Remittances to the Locked Boxes and other proceeds of Receivables and other Loan Collateral shall be credited (conditional on final collection) against the unpaid Revolving Loan balance on the first Business Day after the Business Day that Agent received the same into the Special Account in Minneapolis, Minnesota. All wire transfers shall be credited against the unpaid Revolving Loan balance on the same Business Day such transfer is received by Agent, so long as such transfer is received by Agent no later than 2:00 p.m. (Minneapolis, Minnesota time) on such Business Day. For the purpose of determining Revolving Credit Availability, all Remittances and other proceeds of Receivables and other Loan Collateral shall be credited (conditional on final collection) against the aggregate amount of Eligible Receivables and unpaid Revolving Loan balance on the Business Day immediately after the Business Day that Agent received the same into the Special Account in Minneapolis, Minnesota. Notwithstanding anything to the contrary in this Section 7.5, each Borrower acknowledges and agrees that deposits made and other items credited to the Special Account are subject to applicable laws and regulations governing availability of funds and Agent's funds availability polices and may not be immediately available for application to the Loans or the other Obligations.
Crediting of Remittances. Upon implementation of the Special Account Sweep, (a) for the purpose of calculating interest, all Remittances and other proceeds of Receivables and other Loan Collateral deposited in the Special Account shall be credited (conditional on final collection) against the unpaid Loan balance on the second Business Day after the Business Day that Bank received the same into the Special Account in Salt Lake City, Utah, and (b) for the purpose of determining Cash Secured Advance Availability and Regular Advance Availability, all Remittances and other proceeds of Receivables and other Loan Collateral deposited in the Special Account shall be credited (conditional on final collection) against the amount of Borrower’s Eligible Receivables and the unpaid Loan balance on the Business Day immediately after the Business Day that Bank received the same into the Special Account in Salt Lake City, Utah. Notwithstanding anything to the contrary in this Section 7.5, Borrower acknowledges and agrees that deposits made and other items credited to the Special Account are subject to applicable laws and regulations governing availability of funds and Bank’s funds availability polices and may not be immediately available for application to the Loans or the other Obligations.
Crediting of Remittances. For the purpose of calculating interest, all Remittances and other proceeds of Receivables, other Collateral and any other security for the Obligations shall be credited to the Borrower (conditional upon final collection) two (2) Business Days after Bank receives notice of deposit of the same into Borrower's Special Account; PROVIDED, HOWEVER, in the event that Bank receives notice of such deposit later than 12:00 noon Cincinnati, Ohio time on any Business Day, such Remittance deposited shall be credited to Borrower (conditional upon final collection) three (3) Business Days after such deposit. For the purpose of determining the aggregate loan availability hereunder, all such Remittances shall be credited on the Business Day on which Bank receives notice of such deposit into the Borrower's Special Account. From time to time, Bank may adopt such regulations and procedures as it may deem reasonable and appropriate with respect to the operation of the Special Account, the Locked Box and the services to be provided by Bank under this Agreement.
Crediting of Remittances. For the purpose of calculating interest, all Remittances and other proceeds of Receivables and other Loan Collateral shall be credited to Borrowers (conditional upon final collection) two Business Days after Bank's Structured Capital Division receives notice of deposit of the same into the Special Account; provided, however, in the event that Bank's Structured Capital Division receives such deposit later than 12:00 noon on any Business Day, such Remittance deposited shall be credited to Borrowers (conditional upon final collection) three Business Days after such deposit. For the purpose of determining the Revolving Loan Availability, all such Remittances shall be credited on the Business Day on which Bank's Structured Capital Division receives such deposit into the Special Account. From time to time, Bank may adopt such regulations and procedures as it may deem reasonable and appropriate with respect to the operation of the Special Account, the Locked Box and the services to be provided by Bank under this Agreement so long as the adoption of such regulations and procedures will not change the material terms of this Agreement.
