Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing thereof.
Appears in 7 contracts
Samples: Purchase Agreement (Fingerhut Receivables Inc), Purchase Agreement (Fingerhut Receivables Inc), Receivables Purchase Agreement (Metris Companies Inc)
Delivery of Collections. In the event that the Seller receives Collections, the The Seller agrees to deposit such Collections into the Collection Account as soon as practicable after the receipt thereof, promptly (but in no event later than two (2) Business Days after receipt) all Collections received by the second Business Day following Seller in respect of any Initial Loan, Substitute Loan or Additional Loan, for application in accordance with Section 7.06 of the Date of Processing thereofSale and Servicing Agreement.
Appears in 5 contracts
Samples: Sale and Contribution Agreement (Hercules Capital, Inc.), Sale and Contribution Agreement (Horizon Technology Finance Corp), Sale and Contribution Agreement (Hercules Capital, Inc.)
Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit forward to the Buyer or its designee such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing thereof.
Appears in 3 contracts
Samples: Bank Receivables Purchase Agreement (Fingerhut Receivables Inc), Bank Receivables Purchase Agreement (Metris Receivables Inc), Bank Receivables Purchase Agreement (Metris Receivables Inc)
Delivery of Collections. In the event that the Seller receives CollectionsCollections (other than in the Lockbox Account), the Seller agrees to deposit such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing thereof.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Credit Store Inc), Receivables Purchase Agreement (Credit Store Inc)
Delivery of Collections. In the event that the Seller receives Collectionscollections with respect to any Accounts, the Seller agrees to deposit forward such Collections into collections to, or at the Collection Account direction of, the Buyer as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date date of Processing receipt thereof.
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Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit forward to the Buyer or its designee such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing receipt thereof.
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Delivery of Collections. In Consistent with the Purchaser’s ownership of the Purchased Assets, in the event that the Seller receives Collectionsshall receive any Collections in respect of any Purchased Assets on or after the Transfer Date therefor, the Seller agrees to deposit promptly remit such Collections into to the Collection Account as soon as practicable after the receipt thereof, (but in no event later than the second two (2) Business Day following the Date of Processing Days after receipt thereof).
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Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit pay such Collections into to the Collection Account Buyer as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing Precessing thereof.
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