Receivables; Collection Accounts. (A) Each Receivable constitutes an “account” or a “payment intangible” within the meaning of the applicable UCC. (B) Each Account constitutes a “deposit account” within the meaning of the applicable UCC.
Appears in 4 contracts
Samples: Receivables Sale Agreement (Sungard Data Systems Inc), Receivables Sale Agreement (Sungard Data Systems Inc), Receivables Sale and Servicing Agreement (Ryerson Inc.)
Receivables; Collection Accounts. (A) Each Receivable constitutes an “account” or a “payment general intangible” within the meaning of the applicable UCC.
(B) Each Account constitutes a “deposit account” within the meaning of the applicable UCC.
Appears in 2 contracts
Samples: Receivables Sale and Servicing Agreement, Receivables Sale and Servicing Agreement (Rexnord LLC)
Receivables; Collection Accounts. (A) Each Receivable, with respect to the portion of such Receivable described in clause (a) of the definition thereof, constitutes an “account” or a “payment intangible” within the meaning of the applicable UCC.
, and (B) Each each Account constitutes a “deposit account” within the meaning of the applicable UCC.
Appears in 1 contract
Samples: Receivables Funding and Administration Agreement (Ryerson Inc.)
