Common use of Transfers from Local Accounts Clause in Contracts

Transfers from Local Accounts. It will direct the Depositary Banks holding the Local Accounts to transfer Collections, within two (2) Business Days of deposit therein, received in such Local Accounts to the Concentration Account; and

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ferguson Enterprises Inc. /DE/), Receivables Purchase Agreement (Ferguson PLC)

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Transfers from Local Accounts. It will direct the Depositary Banks holding the Local Accounts to transfer Collectionstransfer, within two (2) Business Days of deposit therein, Collections received in such Local Accounts to the Concentration Account; and;

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Ferguson Enterprises Inc. /DE/), Receivables Purchase Agreement (Ferguson PLC)

Transfers from Local Accounts. It will direct the Depositary Banks holding the Local Accounts to transfer Collectionstransfer, within two (2) Business Days of deposit therein, Collections received in such Local Accounts to the Concentration Account; and(vii)

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ferguson PLC)

Transfers from Local Accounts. It will direct the Depositary Banks holding the Local Accounts to transfer Collections, within two (2) Business Days of deposit therein, Collections received in such Local Accounts to the Concentration AccountAccount on a daily basis; and

Appears in 1 contract

Samples: Purchase and Contribution Agreement (Ferguson PLC)

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Transfers from Local Accounts. It will direct the Depositary Banks holding the Local Accounts to transfer Collections, within two (2) Business Days of deposit therein, Collections received in such Local Accounts to the Concentration Account; andAccount on a daily basis;

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ferguson PLC)

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