Common use of Funding of Purchase Clause in Contracts

Funding of Purchase. On the date of each Purchase, if Purchaser has elected to fund such Purchase, Purchaser shall, upon satisfaction of the applicable conditions set forth in Article V, make available to the Administrator at the Administrator's Office the amount of its Purchase in immediately available funds, and after receipt by the Administrator of such funds, the Administrator will make such funds immediately available to Seller at such office.

Appears in 1 contract

Samples: Receivables Purchase Agreement (D & K Healthcare Resources Inc)

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Funding of Purchase. On the date of each Purchase, if a Purchaser has elected to fund its Percentage of such Purchase, such Purchaser shall, upon satisfaction of the applicable conditions set forth in Article V, make available to the Administrator at the Administrator's Office the amount of its Percentage of the Purchase in immediately available funds, and after receipt by the Administrator of such funds, the Administrator will make such funds immediately available to Seller at such office.

Appears in 1 contract

Samples: Receivables Purchase Agreement (D & K Healthcare Resources Inc)

Funding of Purchase. On the date of each Purchase, if each Purchaser has elected to fund funding a portion of such Purchase, Purchaser shallPurchase shall severally, upon satisfaction of the applicable conditions set forth in Article V, make available to the Administrator at the Administrator's Office its Percentage (or in the amount case of a Committed Purchaser, its Pro Rata Share) of the related Purchase in immediately available funds, and after receipt by the Administrator of such funds, the Administrator will make such funds immediately available to Seller at such office.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Maxtor Corp)

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Funding of Purchase. On the date of each Purchase, if Purchaser has elected to fund such Purchase, Purchaser shall, upon satisfaction of the applicable conditions set forth in Article V, make available to the Administrator at the Administrator's Office the amount of its Purchase in immediately available funds, and after receipt by the Administrator of such funds, the Administrator will make such funds immediately available to Seller at such office.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Maxtor Corp)

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