Termination Date and Interim Liquidations. On each day during any Interim Liquidation and on each day on and after the Termination Date (unless the events giving rise to such Termination Date have been waived), the Collection Agent shall set aside and hold in trust solely for the account of the Agent, for the benefit of the Agent and the Purchaser, (or deliver to the Agent, if so instructed pursuant to Section 3.2(a)) all Collections received on such day and such Collections shall be allocated in the following order:
Appears in 2 contracts
Samples: Receivables Sale Agreement (Great Plains Energy Inc), Receivables Sale Agreement (Great Plains Energy Inc)
Termination Date and Interim Liquidations. On each day during any Interim Liquidation and on each day on and after the Termination Date (unless the events giving rise to such Termination Date have been waived), the Collection Agent shall set aside and hold in trust solely for the account of the each Purchaser Agent, for the benefit of each Purchaser Group to the Agent and the Purchaserextent provided below, (or deliver to the each Purchaser Agent, if so instructed pursuant to Section 3.2(a)) and for the account of the Agent all Collections received on such day and such Collections shall be allocated in the following orderas follows:
Appears in 2 contracts
Samples: Receivables Sale Agreement (Ametek Inc/), Receivables Sale Agreement (Ametek Inc/)
Termination Date and Interim Liquidations. On each day during any Interim Liquidation and on each day on and after the Termination Date (unless the events giving rise to such Termination Date have been waived)Date, the Collection Agent shall set aside and hold in trust solely for the account of the each Purchaser Agent, for the benefit of each Purchaser Group to the Agent and the Purchaserextent provided below, (or deliver to the each Purchaser Agent, if so instructed pursuant to Section 3.2(a)) and for the account of the Agent, all Collections received on such day and such Collections shall be allocated in the following orderas follows:
Appears in 2 contracts
Samples: Receivables Sale Agreement (Swift Transportation Co Inc), Receivables Sale Agreement (Arvinmeritor Inc)
Termination Date and Interim Liquidations. On each day during any Interim Liquidation and on each day on and after the Termination Date (unless the events giving rise to such Termination Date have been waived), the Collection Agent shall set aside and hold in trust solely for the account of the each Purchaser Agent, for the benefit of each Purchaser Group to the Agent and the Purchaserextent provided below, (or deliver to the each Purchaser Agent, if so instructed pursuant to Section 3.2(a)) and for the account of the Agent, the Sold Interest in all Collections received on such day and such Collections shall be allocated in the following orderas follows:
Appears in 2 contracts
Samples: Receivables Sale Agreement (Quebecor World Usa Inc), Bergen Brunswig Corp
Termination Date and Interim Liquidations. On each day Wednesday during any Interim Liquidation and on each day on and after the Termination Date (unless the events giving rise to such Termination Date have been waived)Date, the Collection Agent shall set aside and hold in trust solely for the account of the each Purchaser Agent, for the benefit of each Purchaser Group to the Agent and the Purchaserextent provided below, (or deliver to the each Purchaser Agent, if so instructed pursuant to Section 3.2(a)) and for the account of the Agent, the Sold Interest in all Collections of Receivables subject to such Interim Liquidation received on such day and such Collections shall be allocated in the following orderas follows:
Appears in 2 contracts
Samples: Receivables Sale Agreement (Officemax Inc), Receivables Sale Agreement (Officemax Inc)
Termination Date and Interim Liquidations. On each day during any Interim Liquidation and on each day on and after the Termination Date (unless the events giving rise to such Termination Date have been waived)Date, the Collection Administrator (or, if the Agent is then in control of any Collections, by the Agent) shall set aside and hold in trust solely for the account of the Agent, for the benefit of the Agent and the Purchaser, Purchasers (or deliver to the Agent, if so instructed pursuant to Section 3.2(a)) all Collections received on such day and such Collections shall be allocated in the following orderas follows:
Appears in 1 contract
Samples: Receivables Sale Agreement (Alliance One International, Inc.)
Termination Date and Interim Liquidations. On each day during any Interim Liquidation and on each day on and after the Termination Date (unless the events giving rise to such Termination Date have been waived)Date, and during any Interim Liquidation, the Collection Agent shall set aside and hold in trust solely for the account of the each Lender Agent, for the benefit of each Lender Group, to the Agent and the Purchaser, extent provided below (or deliver to the each Lender Agent, if so instructed pursuant to Section 3.2(a)) and for the account of the Administrative Agent, the appropriate portion of the aggregate Loan Interest of all Lenders in such Lender Group in all Collections received on such day and such Collections shall be allocated in the following orderas follows:
Appears in 1 contract
Samples: Receivables Loan Agreement (Eagle Picher Technologies LLC)
Termination Date and Interim Liquidations. On each day during any Interim Liquidation and on each day on and after the Termination Date (unless the events giving rise to such Termination Date have been waived)Date, the Collection Agent shall set aside and hold in trust solely for the account of the each Purchaser Agent, for the benefit of the Agent and the PurchaserPurchasers, (or deliver to the each Purchaser Agent, if so instructed pursuant to Section 3.2(a)) the Sold Interest in all Collections received on such day and such Collections shall be allocated in the following order:
Appears in 1 contract
Termination Date and Interim Liquidations. On each day during any Interim Liquidation and on each day on and after the Termination Date (unless the events giving rise to such Termination Date have been waived)Date, the Collection Agent shall set aside and hold in trust solely for the account of the each Purchaser Agent, for the benefit of each Purchaser Group to the Agent and the Purchaserextent provided below, (or deliver to the each Purchaser Agent, if so instructed pursuant to Section 3.2(a)) and for the account of the Agent, the Sold Interest in all Collections received on such day and such Collections shall be allocated in the following orderas follows:
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