Common use of Funding of Purchase Clause in Contracts

Funding of Purchase. On the date of each Purchase, each 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 shall transfer immediately available funds to an account designated by Seller in the related Purchase Notice.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Conmed Corp)

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Funding of Purchase. On the date of each Purchase, each 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 same day funds, and after receipt by the Administrator of such funds, the Administrator shall transfer will make such funds immediately available funds by wire transfer to an account designated in writing by Seller in the related Purchase NoticeSeller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Inacom Corp)

Funding of Purchase. On the date of each Purchase, each Purchaser shall, upon satisfaction of the applicable conditions set forth in Article V, make available to the Administrator at the Administrator's Office (or to such account as designated by the Administrator) the amount of its Purchase in immediately available same day funds, and after receipt by the Administrator of such funds, the Administrator shall transfer will make such funds immediately available funds to an Seller at such office or to such account designated by as Seller shall designate in writing to the related Purchase NoticeAdministrator on or prior to the date hereof (or such other office or account as Seller shall designate from time to time).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Charming Shoppes Inc)

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Funding of Purchase. On the date of each Purchase, each Purchaser shall, ------------------- upon satisfaction of the applicable conditions set forth in Article V, make --------- available to the Administrator at the Administrator's Office (or to such account as designated by the Administrator) the amount of its Purchase in immediately available same day funds, and after receipt by the Administrator of such funds, the Administrator shall transfer will make such funds immediately available funds to an Seller at such office or to such account designated by as Seller shall designate in writing to the related Purchase NoticeAdministrator on or prior to the date hereof (or such other office or account as Seller shall designate from time to time).

Appears in 1 contract

Samples: Receivables Purchase Agreement (Charming Shoppes Inc)

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