Common use of Funding of Purchase Clause in Contracts

Funding of Purchase. On the date of each Purchase, Purchaser shall, upon satisfaction of the applicable conditions set forth in Article V, make available to the Administrative Agent at its office at 000 Xxxxx XxXxxxx Xxxxxx in Chicago, Illinois not later than 11:00 a.m. (Chicago time) the amount of its Purchase (determined pursuant to Section 1.03(b)) in same day funds, and after receipt by the Administrative Agent of such funds, the Administrative Agent will make such funds immediately available to Seller at such office.

Appears in 2 contracts

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

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Funding of Purchase. On Not later than 11:00 a.m. (Chicago time) on the date of each Purchase, each Purchaser shall, upon satisfaction of the applicable conditions set forth in Article V, make available to the Administrative Agent at its office at 000 Xxxxx XxXxxxx Xxxxxx in Chicago, Illinois not later than 11:00 a.m. (Chicago time) its Percentage of the amount of its the Purchase (determined pursuant to Section 1.03(b1.04(b)) in same day funds, and after receipt by the Administrative Agent of such funds, the Administrative Agent will make such funds immediately available to Seller at such office, or at such other place as Seller may direct in writing.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Terra Industries Inc)

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Funding of Purchase. On the date of each Purchase, Purchaser shall, upon satisfaction of the applicable conditions set forth in Article V, make available to the Administrative Agent at its office at 000 Xxxxx XxXxxxx 181 Xxxx Xxxxxxx Xxxxxx in xx Chicago, Illinois Illinois, not later than 11:00 a.m. 1:00 p.m. (Chicago time) ), the amount in payment of its Purchase (determined pursuant to Section 1.03(b)) in same day fundsfunds and, and after receipt by the Administrative Agent of such funds, the Administrative Agent will make such funds immediately available to Seller at such officethe Collection Account.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fruit of the Loom Inc /De/)

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