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 received in such Local Accounts to the Concentration Account 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 transfer, within two (2) Business Days of deposit therein, Collections received in such Local Accounts to the Concentration Account on a daily basis; andAccount;

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 received in such Local Accounts to the Concentration Account on a daily basis; and;

Appears in 1 contract

Samples: 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 Collections Collections, within two (2) Business Days of deposit therein, received in such Local Accounts to the Concentration Account on a daily basisAccount; and

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ferguson PLC)

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