Monthly Calculations. For ease of computation, Buyer and Seller agree that the daily payments and adjustments to the balance of the Buyer Note shall occur automatically and without a requirement for immediate computation, and Servicer shall only be required to reconcile the amounts of the foregoing payments on a monthly basis on each Report Date.
Appears in 1 contract
Samples: Sale Agreement (Exide Corp)
Monthly Calculations. For ease of computation, Buyer and Seller agree that the daily payments and adjustments to the balance of the Buyer Note shall occur automatically and without a requirement for immediate computation, and that Servicer only shall only be required to reconcile the amounts of the foregoing payments on a monthly basis on each Report Date.
Appears in 1 contract
Samples: Receivables Sale and Contribution Agreement (Volt Information Sciences Inc)
Monthly Calculations. For ease of computation, Buyer the Purchaser and each Seller agree that the daily payments and adjustments to the balance of the Buyer Note Purchaser Notes shall occur automatically and without a requirement for immediate computation, and Servicer shall only be required to reconcile the amounts of the foregoing payments on a monthly basis on each Report Determination Date.
Appears in 1 contract
Samples: Sales and Servicing Agreement (Essex International Inc /)
Monthly Calculations. For ease of computation, Buyer and -------------------- Seller agree that the daily payments and adjustments to the balance of the Buyer Note shall occur automatically and without a requirement for immediate computation, and Servicer shall only be required to reconcile the amounts of the foregoing payments on a monthly basis on each Report Date.
Appears in 1 contract
Samples: Sale Agreement (Exide Corp)
