Common use of Settlement Period Clause in Contracts

Settlement Period. On each Settlement Date (other than a Settlement Date with respect to a Settlement Period during which a Liquidation Day occurs), the Servicer shall pay to each Buyer and the Servicer the amounts held in trust for the benefit of such Buyer and the Servicer, respectively, pursuant to subsection (a) above and not previously paid to such Buyer and the Servicer, respectively.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Commercial Metals Co), Receivables Purchase Agreement (Commercial Metals Co)

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Settlement Period. On each Settlement Date (other than a Settlement Date with respect to a Settlement Period during which a Liquidation Day occurs), the Servicer shall pay to each the Buyer and the Servicer the amounts held in trust for the benefit of such the Buyer and the Servicer, respectively, pursuant to subsection (a) above and not previously paid to such the Buyer and the Servicer, respectively.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Commercial Metals Co), Receivables Purchase Agreement (Exide Corp)

Settlement Period. On each Settlement Date (other than a Settlement Date with respect relating to a Settlement Period during which a Liquidation Day occurs), the Servicer shall pay to each Buyer the Buyers and the Servicer the amounts held in trust for the benefit of such Buyer the Buyers and the Servicer, respectively, pursuant to subsection (a) above and not previously paid to such Buyer the Buyers and the Servicer, respectively.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Volt Information Sciences, Inc.)

Settlement Period. On each Settlement Date (other than a ----------------- Settlement Date with respect to a Settlement Period during which a Liquidation Day occurs), the Servicer shall pay to each the Buyer and the Servicer the amounts held in trust for the benefit of such the Buyer and the Servicer, respectively, pursuant to subsection (a) above and not previously paid to such the Buyer and the Servicer, respectively.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Exide Corp)

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Settlement Period. On each Settlement Date (other than a Settlement Date with respect relating to a Settlement Period during which a Liquidation Day occurs), the Servicer shall pay to each the Buyer and the Servicer the amounts held in trust for the benefit of such the Buyer and the Servicer, respectively, pursuant to subsection (a) above and not previously paid to such the Buyer and the Servicer, respectively.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Volt Information Sciences Inc)

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