Common use of Daily Procedure Clause in Contracts

Daily Procedure. On each day (other than a Liquidation Day) with regard to each Yield Period for each Undivided Interest, Servicer shall deem an amount equal to Purchasers' Share (as determined in Section 2.08) of Collections of Pool Receivables received or deemed received on such day to be received in respect of such Undivided Interest; and

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Applied Power Inc), Receivables Purchase Agreement (Applied Power Inc)

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Daily Procedure. On each day (other than a Liquidation Run Off Day) with regard to each in any Yield Period for each any Undivided Interest, Servicer shall deem an amount equal to Purchasers' Purchaser's Share (as determined in Section 2.08) of Collections of Pool Receivables received or deemed received on such day to be received in respect of such Undivided Interest; and

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Sci Systems Inc), Receivables Purchase Agreement (Sci Systems Inc)

Daily Procedure. On each day (other than a Liquidation Run Off Day) with regard to each Yield Period for each Undivided Interest, Servicer shall deem an amount equal to Purchasers' Share (as determined in Section 2.08) of Collections of Pool Receivables received or deemed received on such day to be received in respect of such Undivided Interest; and

Appears in 1 contract

Samples: Receivables Purchase Agreement (Terra Industries Inc)

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Daily Procedure. On each day (other than a Liquidation Day) with regard to each Yield Period for each Undivided Interest, Servicer shall deem an amount equal to Purchasers' Purchaser's Share (as determined in Section 2.08) of Collections of Pool Receivables received or deemed received on such day to be received in respect of such Undivided Interest; and

Appears in 1 contract

Samples: Receivables Purchase Agreement (Applied Power Inc)

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