Common use of Daily Yield Clause in Contracts

Daily Yield. (a) The Seller shall pay to the Purchaser, as set forth in Sections 6.03, 6.04 and 6.05, Daily Yield on the Capital Investment of the Purchaser from time to time. (b) Notwithstanding the foregoing, the Seller shall pay interest on unpaid Daily Yield and on any other amount payable by the Seller hereunder (to the extent permitted by law) that shall not be paid in full when due (whether at stated maturity, by acceleration or otherwise) for the period commencing on the due date thereof to (but excluding) the date the same is paid in full at the applicable Daily Yield Rate.

Appears in 2 contracts

Samples: Receivables Purchase and Servicing Agreement (Merisel Inc /De/), Receivables Purchase and Servicing Agreement (Merisel Inc /De/)

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Daily Yield. (a) The Seller shall pay to the Purchaser, as set forth in Sections 6.03, 6.04 and 6.05, Daily Yield on the Capital Investment of the Purchaser from time to timePurchaser. (b) Notwithstanding the foregoing, the Seller shall pay interest on unpaid Daily Yield and on any other amount payable by the Seller hereunder (to the extent permitted by law) that shall not be paid in full when due (whether at stated maturity, by acceleration or otherwise) for the period commencing on the due date thereof to (but excluding) the date the same is paid in full at the applicable Daily Yield Rate.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (New Pameco Georgia Corp)

Daily Yield. (a) The Seller shall pay to Daily Yield for each day on which any Capital Investment is outstanding, in the Purchaser, as set forth manner and at the times specified in Sections 6.036.04, 6.04 6.05 and 6.05, Daily Yield on the Capital Investment of the Purchaser from time to time6.06. (b) Notwithstanding the foregoing, the Seller shall pay interest at the applicable Daily Yield Rate on unpaid Daily Yield and on any other amount payable by the Seller hereunder (to the extent permitted by law) that shall not be paid in full when due (whether at stated maturity, by acceleration or otherwise) for the period commencing on the due date thereof to (but excluding) the date the same is indefeasibly paid in full at the applicable Daily Yield Ratefull.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Amerisourcebergen Corp)

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Daily Yield. (a) The Seller shall pay Daily Yield to the Purchaser, as set forth Purchaser in the manner and at the times specified in Sections 6.03, 6.04 and 6.05, Daily Yield on the Capital Investment of the Purchaser from time to time.. ------------- ---- ---- (b) Notwithstanding the foregoing, the Seller shall pay interest at the applicable Daily Yield Rate on unpaid Daily Yield and on any other amount payable by the Seller hereunder (to the extent permitted by law) that shall not be paid in full when due (whether at stated maturity, by acceleration or otherwise) for the period commencing on the due date thereof to (but excluding) the date the same is paid in full at the applicable Daily Yield Ratefull.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Callaway Golf Co /Ca)

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