Common use of Settlement Date Procedure Clause in Contracts

Settlement Date Procedure. (i) The Master Servicer shall deposit into the Administrative Agent’s account, on each Business Day selected by the SPV for a reduction of the Net Investment under Section 2.13, the amount of Collections held for the Administrative Agent pursuant to Section 2.12(a)(ii).

Appears in 10 contracts

Samples: Transfer and Administration Agreement (Arrow Electronics Inc), Transfer and Administration Agreement (Arrow Electronics Inc), Transfer and Release Agreement (Arrow Electronics Inc)

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Settlement Date Procedure. (i) The Master Servicer shall deposit into the Administrative Agent’s account, on each Business Day selected by the SPV Originator for a reduction of the Net Investment under Section 2.13, 2.14 the amount of Collections held for the Administrative Agent pursuant to Section 2.12(a)(ii2.13(a)(ii).

Appears in 1 contract

Samples: Transfer and Administration Agreement (Overnite Corp)

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