Remittance of Collections. Each payment from Account Debtor to Seller in respect of the Receivable is referred to herein as a “Collections Payment” and the aggregate Collections Payments in respect of the Receivable are referred to as the “Collections.” Servicer shall provide Purchaser written notice of its determination that the Final Collections Payment has been received, together with reasonable supporting documentation.
Appears in 3 contracts
Samples: Receivable Purchase Agreement (Rite Aid Corp), Receivable Purchase Agreement (Rite Aid Corp), Receivable Purchase Agreement (Rite Aid Corp)
Remittance of Collections. Each payment from Account Debtor to Seller in respect of the Accrued Receivable is referred to herein as a “Collections Payment” and the aggregate Collections Payments in respect of the Receivable are referred to as the “Collections.” Servicer shall provide Purchaser written notice of its determination that the Final Collections Payment has been received, together with reasonable supporting documentation.
Appears in 2 contracts
Samples: Receivable Purchase Agreement (Rite Aid Corp), Receivable Purchase Agreement (Rite Aid Corp)
Remittance of Collections. Each payment from Account Debtor to Seller in respect of the Purchased Receivable is referred to herein as a “Collections Payment” and the aggregate Collections Payments received by Seller and paid to Purchaser in respect of the Purchased Receivable are referred to as the “Collections.” Servicer shall provide Purchaser written notice of its determination that the Final Collections Payment has been received, together with reasonable supporting documentation.
Appears in 1 contract
