Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators or the Collection Agent hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the account designated by the Buyer. (b) Each Originator shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator (whether as Collection Agent or otherwise) when due hereunder at an interest rate per annum equal to 2% per annum above the Alternate Base Rate, payable on demand. (c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 3 contracts
Samples: Purchase and Contribution Agreement (United Rentals Inc /De), Purchase and Contribution Agreement (United Rentals North America Inc), Purchase Agreement (United Rentals North America Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Servicer to the Agent or the Purchaser hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the account designated by the BuyerAgent's Account.
(b) Each Originator of the Seller and the Servicer shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator (whether as Collection Agent or otherwise) it when due hereunder hereunder, at an interest rate per annum equal to 22.00% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of fees Yield, Fees, and other amounts hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Columbia Energy Group), Receivables Purchase Agreement (Columbia Energy Group)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Originator or the Collection Agent Servicer hereunder shall be paid or deposited no later than 11:00 A.M. 12:00 Noon (New York City time) on the day when due in same day funds to the an account or accounts designated by the BuyerBuyer from time to time.
(b) Each The Originator shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such the Originator (whether as Collection Agent Servicer or otherwise) when due hereunder at an interest rate per annum equal to 22.00% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 365 (365 days if computed with reference to the Alternate Base Rateor 366, as applicable) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Samples: Receivables Purchase and Contribution Agreement (Medco Health Solutions Inc), Receivables Purchase and Contribution Agreement (Medco Health Solutions Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators or the Collection Agent Seller hereunder shall be paid or deposited no later than 11:00 A.M. a.m. (New York City eastern time) on the day when due in same day funds to the an account designated by the BuyerBuyer from time to time, which account shall initially be the Collection Account.
(b) Each Originator The Seller shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator the Seller (whether as Collection Agent Servicer or otherwise) when due hereunder at an interest rate per annum equal to 2% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Pulte Homes Inc/Mi/), Master Repurchase Agreement (Pulte Homes Inc/Mi/)
Payments and Computations, Etc. (a) All amounts to be ------------------------------ paid or deposited by the Originators Originator or the Collection Agent hereunder shall be paid or deposited no later than 11:00 A.M. a.m. (New York City time) on the day when due in same day funds to the an account designated in writing by the BuyerTransferee to the Originator on or prior to the initial Transfer hereunder.
(b) Each The Originator shall, to the extent permitted by law, pay to the Buyer Transferee interest on any amount not paid or deposited by such the Originator (whether as Collection Agent or otherwise) when due hereunder at an interest rate per annum equal to 2% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 2 contracts
Samples: Transfer Agreement (Ikon Office Solutions Inc), Transfer Agreement (Ios Capital Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent Servicer hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the account designated by the BuyerAgent's Account.
(b) Each Originator The Seller shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator the Seller (whether as Collection Agent Servicer or otherwise) when due hereunder hereunder, at an interest rate per annum equal to two percent (2% %) per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of Yield, fees and other amounts hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent Servicer hereunder or under the Servicer Agreement shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds in United States dollars to the account designated by the BuyerAgent's Account.
(b) Each Originator The Seller shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator the Seller (whether as Collection Agent Servicer or otherwise) when due hereunder hereunder, at an interest rate per annum equal to 21.50% per annum above the Alternate Base CP Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of fees Yield, fees, and other amounts hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent hereunder to or for the account of the Agent, the Issuers or any other Investor or the Banks shall be paid or deposited no later than 11:00 A.M. a.m. (New York City time) on the day when due in same day funds to the account designated by the BuyerAgent’s Account.
(b) Each Originator of the Seller and the Collection Agent shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator (whether as Collection Agent or otherwise) it when due hereunder hereunder, at an interest rate per annum equal to 2% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under clause (b) above and all computations of fees Yield, fees, and other amounts hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Samples: Receivables Purchase Agreement (United Rentals North America Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent Servicer hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the an account or accounts designated by the BuyerPurchaser from time to time.
(b) Each Originator The Seller shall, to the extent permitted by law, pay to the Buyer Purchaser interest on any amount not paid or deposited by such Originator the Seller (whether as Collection Agent Servicer or otherwise) when due hereunder at an interest rate per annum equal to 22.00% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Samples: Receivables Sale Agreement (Northern Indiana Public Service Co)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the account designated by the BuyerAgent's Account.
(b1) Each Originator of the Seller and the Collection Agent shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator (whether as Collection Agent or otherwise) it when due hereunder hereunder, at an interest rate per annum equal to 2% per annum above the Alternate Base RateYield then in effect, payable on demand.
(c2) All computations of interest under subsection (b) above and all computations of fees Yield, fees, and other amounts hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Personal Care Holdings Inc)
Payments and Computations, Etc. (a) All amounts to be ------------------------------- paid or deposited by the Originators any Seller or the Collection Agent Servicer hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the an account designated specified by the BuyerPurchaser.
(b) Each Originator Seller shall, to the extent permitted by law, pay to the Buyer Purchaser interest on any amount not paid or deposited by such Originator Seller (whether as Collection Agent Servicer or otherwise) when due hereunder at an interest rate per annum equal to 2% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Samples: Purchase and Contribution Agreement (Mail Well Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the account designated by the BuyerAgent's Account.
(b) Each Originator of the Seller and the Collection Agent shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator (whether as Collection Agent or otherwise) it when due hereunder hereunder, at an interest rate per annum equal to 21.00% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of fees Yield, Fees, and other amounts hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent Servicer hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the an account or accounts designated by the BuyerPurchaser from time to time.
(b) Each Originator The Seller shall, to the extent permitted by law, pay to the Buyer Purchaser interest on any amount not paid or deposited by such Originator the Seller (whether as Collection Agent Servicer or otherwise) when due hereunder at an interest rate per annum equal to 22.00% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the account designated by the BuyerPurchaser.
(b) Each Originator The Seller shall, to the extent permitted by law, pay to the Buyer Purchaser interest on any amount not paid or deposited by such Originator the Seller (whether as Collection Agent or otherwise) when due hereunder at an interest rate per annum equal to 2% per annum above the Alternate Base Rateprime rate, payable on demand.
(c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Samples: Purchase and Contribution Agreement (United Rentals North America Inc)
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators or the Collection Agent Sellers hereunder shall be paid or deposited in accordance with the terms hereof no later than 11:00 A.M. (New York City time) on the day when due in lawful money of the United States in same day funds to the account designated as directed by the BuyerPurchaser in writing.
(b) Each Originator The Seller shall, to the extent permitted by law, pay to the Buyer Purchaser interest on any amount not paid or deposited by such Originator (whether as Collection Agent or otherwise) the Seller when due hereunder hereunder, at an interest rate per annum equal to of two percent (2% %) per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day Day, and such extension of time shall be included in the computation of such payment or and deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the account designated by the BuyerAgent's Account.
(b) Each Originator of the Seller and the Collection Agent shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator (whether as Collection Agent or otherwise) it when due hereunder hereunder, at an interest rate per annum equal to 22.0% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of fees Yield, fees, and other amounts hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators Seller or the Collection Agent hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the account designated by the Buyerapplicable Investor Agent's Account.
(b) Each Originator of the Seller and the Collection Agent shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator (whether as Collection Agent or otherwise) it when due hereunder hereunder, at an interest rate per annum equal to 2% per annum above the Alternate Base Rate, payable on demand.
(c) All computations of interest under subsection (b) above and all computations of fees Yield, fees, and other amounts hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days (including the first but excluding the last day) elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Originators or the Collection Agent hereunder shall be paid or deposited no later than 11:00 A.M. (New York City time) on the day when due in same day funds to the account designated by the Buyer.
(b) Each Originator shall, to the extent permitted by law, pay to the Buyer interest on any amount not paid or deposited by such Originator (whether as Collection Agent or otherwise) when due hereunder at an interest rate per annum equal to 2% per annum above the Alternate Base Rateprime rate, payable on demand.
(c) All computations of interest and all computations of fees hereunder shall be made on the basis of a year of 360 (365 days if computed with reference to the Alternate Base Rate) days for the actual number of days elapsed. Whenever any payment or deposit to be made hereunder shall be due on a day other than a Business Day, such payment or deposit shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of such payment or deposit.
Appears in 1 contract
Samples: Purchase and Contribution Agreement (United Rentals North America Inc)