Common use of Use of Collections Available to the Seller Clause in Contracts

Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated Notes), (ii) the payment of accrued and unpaid interest on the Subordinated Notes and (iii) other legal and valid purposes.

Appears in 7 contracts

Samples: Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Nabors Industries LTD), Receivables Purchase Agreement (Synchronoss Technologies Inc)

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Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated Notesany Intercompany Loan Agreement), (ii) the payment of accrued and unpaid interest on the Subordinated Notes Intercompany Loans and (iii) other legal and valid purposes.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Centric Brands Inc.), Receivables Purchase Agreement (Centric Brands Inc.), Receivables Purchase Agreement (Centric Brands Inc.)

Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated NotesIntercompany Loan Agreements), (ii) the payment of accrued and unpaid interest on the Subordinated Notes Intercompany Loans and (iii) other legal and valid purposes.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Ashland Inc.), Receivables Purchase Agreement (Ashland Global Holdings Inc)

Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated Notes), ) and (ii) the payment of accrued and unpaid interest on the Subordinated Notes and (iii) other legal and valid purposes.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.), Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Facility Documents (other than the Subordinated Notes), and (ii) the payment of accrued and unpaid interest on the Subordinated Notes and (iii) other legal and valid purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ortho Clinical Diagnostics Holdings PLC)

Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated NotesCompany Note), (ii) the payment of accrued and unpaid interest on the Subordinated Notes Company Note and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Moog Inc.)

Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated NotesIntercompany Loan Agreements), (ii) the payment of accrued and unpaid interest on the Subordinated Notes Intercompany Loan Agreements and (iii) other legal and valid purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Harsco Corp)

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Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its due and payable obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated Notes), (ii) the payment of accrued and unpaid interest on the Subordinated Notes and (iii) other legal and valid purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Gray Television Inc)

Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated Notes), ) and (ii) the payment of accrued and unpaid interest on the Subordinated Notes and (iii) other legal and valid purposes.. (u) Further Assurances;

Appears in 1 contract

Samples: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated NotesCompany Note), (ii) the payment of accrued and unpaid interest on the Subordinated Notes Company Note and (iii) other legal and valid corporate purposes.. 758444419 21691544 67

Appears in 1 contract

Samples: Receivables Purchase Agreement (Moog Inc.)

Use of Collections Available to the Seller. The Seller shall apply the Collections available to the Seller to make payments in the following order of priority: (i) the payment of its obligations under this Agreement and each of the other Transaction Documents (other than the Subordinated Notes), (ii) the payment of accrued and unpaid interest on the Subordinated Notes and (iii) other legal and valid purposes.:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Warner Bros. Discovery, Inc.)

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