Remittance Date Transfers From Collection Account. The Servicer shall, and if the Servicer fails to do so the Collateral Agent shall, by 10:00 a.m. (St. Xxxx, Minnesota time) on each Remittance Date, direct the Lenders’ Bank to transfer collected funds held by the Lenders’ Bank in the Collection Account which were remitted to the Collection Account during the Collection Period with respect to such Remittance Date (“Available Funds”), in the following amounts and priority:
Appears in 1 contract
Samples: Receivables Loan and Security Agreement (LEAF Equipment Finance Fund 4, L.P.)
Remittance Date Transfers From Collection Account. The Servicer shall, and if the Servicer fails to do so the Collateral Agent shall, by 10:00 a.m. (St. Xxxx, Minnesota time) on each Remittance Date, direct the Lenders’ Lender’s Bank to transfer collected funds held by the Lenders’ Lender’s Bank in the Collection Account which were remitted to the Collection Account during the Collection Period with respect to such Remittance Date (“Available Funds”), in the following amounts and priority:
Appears in 1 contract
Remittance Date Transfers From Collection Account. The Servicer shall, and if the Servicer fails to do so the Collateral Agent shall, by 10:00 a.m. (St. XxxxPxxx, Minnesota time) on each Remittance Date, direct the Lenders’ Lender’s Bank to transfer collected funds held by the Lenders’ Lender’s Bank in the Collection Account which were remitted to the Collection Account during the Collection Period with respect to such Remittance Date (“Available Funds”), in the following amounts and priority:
Appears in 1 contract
Samples: Receivables Loan and Security Agreement (Resource America Inc)
Remittance Date Transfers From Collection Account. The Servicer shall, and if the Servicer fails to do so the Collateral Agent shall, by 10:00 a.m. (St. XxxxPxxx, Minnesota time) on each Remittance Date, direct the Lenders’ Bank to transfer collected funds held by the Lenders’ Bank in the Collection Account which were remitted to the Collection Account during the Collection Period with respect to such Remittance Date (“Available Funds”), in the following amounts and priority:
Appears in 1 contract
Samples: Receivables Loan and Security Agreement (Resource America Inc)
Remittance Date Transfers From Collection Account. The Servicer shall, and if the Servicer fails to do so the Collateral Agent shallmay, by 10:00 a.m. (St. Xxxx, Minnesota time) on each Remittance Date, direct the Lenders’ Agent’s Bank to transfer collected funds held by the Lenders’ Agent’s Bank in the Collection Account which were remitted to the Collection Account during the Collection Period with respect to such Remittance Date (“Available Funds”), in the following amounts and priority:
Appears in 1 contract
Samples: Receivables Loan and Security Agreement (LEAF Equipment Finance Fund 4, L.P.)