Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 15 contracts
Samples: Receivables Purchase Agreement (Ugi Corp /Pa/), Receivables Purchase Agreement (Moog Inc), Receivables Purchase Agreement (Ugi Corp /Pa/)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Accountapplicable Purchaser’s account (as such account is identified in the related Purchaser Group Fee Letter). All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 5 contracts
Samples: Receivables Purchase Agreement (Worthington Industries Inc), Receivables Purchase Agreement (Airgas Inc), Receivables Purchase Agreement (Airgas Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon 2:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.
Appears in 4 contracts
Samples: Receivables Participation Agreement (Weirton Steel Corp), Receivables Purchase Agreement (Wesco International Inc), Ball Receivables Participation Agreement (Weirton Steel Corp)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Accountapplicable Purchaser's account (as such account is identified in the related Purchaser Group Fee Letter). All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Wesco International Inc), Receivables Purchase Agreement (Worthington Industries Inc), Receivables Purchase Agreement (Wesco International Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administration Accountapplicable Purchaser's account (as such account is identified in the related Purchaser Group Fee Letter). All amounts received after noon 2:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (York International Corp /De/), Receivables Purchase Agreement (York International Corp /De/)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (noon, New York City time) City, New York time on the day when due in same day funds to the Administration Accounteach Purchaser Agent’s account. All amounts received after noon (noon, New York City City, New York time) , will be deemed to have been received on the next Business Day.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Consol Energy Inc), Receivables Purchase Agreement (Consol Energy Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than 12:00 noon (New York City time) on the day when due in same day funds to the Administration Accountaccount designated by the Agent. All amounts received after 12:00 noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Warnaco Group Inc /De/), Receivables Purchase Agreement (Warnaco Group Inc /De/)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.funds
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be he made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (noon, New York City time) City, New York time on the day when due in same day funds to the Administration Accounteach Conduit Purchaser's account. All amounts received after noon (noon, New York City City, New York time) , will be deemed to have been received on the next Business Day.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Accountapplicable Purchaser’s account (as such account is identified in the related Purchaser Group Fee Letter). All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 1 contract
Samples: Receivables Purchase Agreement (American Greetings Corp)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder or any other Transaction Document shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (noon, New York City time) City, New York time on the day when due in same day funds to the Administration Accounteach Purchaser Agent’s account. All amounts received after noon (noon, New York City City, New York time) , will be deemed to have been received on the next Business Day.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Kansas City Power & Light Co)
Payments and Computations, Etc. (a) All amounts to be paid or ------------------------------ deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon 1:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Imco Recycling Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administration Accountapplicable Purchaser’s account (as such account is identified in the related Purchaser Group Fee Letter). All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder or under any other Transaction Document shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next immediately succeeding Business Day.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Citgo Petroleum Corp)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 12:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon 12:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Eagle Materials Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be he made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Peabody Energy Corp)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 1 contract
Samples: Receivables Purchase Agreement (JLG Industries Inc)
Payments and Computations, Etc. (a) All amounts to be ------------------------------ paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.
Appears in 1 contract
Samples: Receivables Purchase Agreement (KPMG Consulting Inc)