Common use of Purchase Excess Clause in Contracts

Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.03, the Administrative Agent shall notify the Seller and the Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. (New York time) on the immediately succeeding Business Day.

Appears in 2 contracts

Samples: Receivables Purchase and Servicing Agreement (Synnex Corp), Receivables Purchase and Servicing Agreement (Synnex Information Technologies Inc)

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Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.03, the Administrative Agent shall notify the Seller and the Master Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. (New York time) on the immediately succeeding Business Day.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Castle a M & Co)

Purchase Excess. On each Business Day during the --------------- Revolving Period and after completion of the disbursements specified in Section ------- 6.03, the Administrative Operating Agent shall notify the Seller and the Servicer of any ---- Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. 12:00 noon (New York time) on the immediately succeeding Business Day.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Callaway Golf Co /Ca)

Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.03, the Administrative Agent shall notify the Seller and the Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. 1:00 p.m. (New York time) on the immediately succeeding Business Day.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Wabash National Corp /De)

Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.03, the Administrative Operating Agent shall notify the Seller and the Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. (New York time) on the immediately succeeding Business Day.. ARTICLE III CONDITIONS PRECEDENT SECTION 3.01

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Cone Mills Corp)

Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.03, the Administrative Agent shall notify the Seller and the Master Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. 1:00 p.m. (New York time) on the immediately succeeding Business Day.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (K2 Inc)

Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.036.3, the Administrative Agent shall notify the Seller and the Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. 12:00 noon (New York time) on the immediately succeeding Business Day.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Advancepcs)

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Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.03, the Administrative Agent shall notify the Seller and the Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. 12:00 Noon (New York time) on the immediately succeeding Business Day.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Avondale Inc)

Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.036.04, the Administrative Agent shall notify the Seller and the Servicer of any Purchase Excess on such day, and the Seller shall (a) prior to the Cash Management Date, pay such Purchase Excess in accordance with Section 6.02(a)(i) and (b) on and after the Cash Management Date, deposit the amount of such Purchase Excess in the Collection Agent's Account by 11:00 a.m. 12:00 Noon (New York time) on the immediately succeeding Business Day.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Amerisourcebergen Corp)

Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section SECTION 6.03, the Administrative Agent shall notify the Seller and the Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. (New York time) on the immediately succeeding Business Day.

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Daisy Parts Inc)

Purchase Excess. On each Business Day during the Revolving Period and after completion of the disbursements specified in Section 6.03, the Administrative Agent shall notify the Seller and the Servicer of any Purchase Excess on such day, and the Seller shall deposit the amount of such Purchase Excess in the Collection Account by 11:00 a.m. 1:00 p.m. (New York time) on the immediately succeeding Business Day.. ARTICLE III CONDITIONS PRECEDENT

Appears in 1 contract

Samples: Receivables Purchase and Servicing Agreement (Bergen Brunswig Corp)

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