Remittances of Collections. Each remittance of Collections by the Seller to any Purchaser or the Agent (each a “Transferee”) under this Agreement will have been (i) in payment of a debt incurred by the Seller in the ordinary course of business or financial affairs of the Seller and such Transferee and (ii) made in the ordinary course of business or financial affairs of the Seller and such Transferee.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Timken Co), Receivables Purchase Agreement (Gehl Co)
Remittances of Collections. Each remittance of Collections by the Seller to any Purchaser Purchaser, any Managing Agent or the Agent (each a “Transferee”) under this Agreement will have been (i) in payment of a debt incurred by the Seller in the ordinary course of business or financial affairs of the Seller and such Transferee and (ii) made in the ordinary course of business or financial affairs of the Seller and such Transferee.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Johnsondiversey Holdings Inc), Receivables Purchase Agreement (Johnsondiversey Inc)
Remittances of Collections. Each remittance of Collections by the Seller to any Purchaser Purchaser, any Managing Agent or the Agent (each each, a “Transferee”) under this Agreement will have been (i) in payment of a debt incurred by the Seller in the ordinary course of business or financial affairs of the Seller and such Transferee and (ii) made in the ordinary course of business or financial affairs of the Seller and such Transferee.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Anixter International Inc)
Remittances of Collections. Each remittance of Collections by the Seller to any Purchaser Purchaser, any Managing Agent or the Administrative Agent (each a “Transferee”) under this Agreement will have been (i) in payment of a debt incurred by the Seller in the ordinary course of business or financial affairs of the Seller and such Transferee and (ii) made in the ordinary course of business or financial affairs of the Seller and such Transferee.”
Appears in 1 contract
Samples: Receivables Purchase Agreement (Anixter International Inc)
Remittances of Collections. Each remittance of Collections by the Seller to any Purchaser Purchaser, any Managing Agent or the Administrative Agent (each each, a “Transferee”) under this Agreement will have been (i) in payment of a debt incurred by the Seller in the ordinary course of business or financial affairs of the Seller and such Transferee and (ii) made in the ordinary course of business or financial affairs of the Seller and such Transferee.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Anixter International Inc)
