Common use of Wiring of Funds Clause in Contracts

Wiring of Funds. All amounts required to be paid by Agent or Merchant under any provision of this Agreement shall be made by wire transfer of immediately available funds which shall be wired by Agent or Merchant, as applicable, no later as 2:00 p.m. (Eastern Time) on the date that such payment is due; provided, however, that all of the information necessary to complete the wire transfer has been received by Agent or Merchant, as applicable, by 10:00 a.m. (Eastern Time) on the date that such payment is due. In the event that the date on which any such payment is due is not a business day, then such payment shall be made by wire transfer on the next business day.

Appears in 2 contracts

Samples: Second Agency Agreement, Agency Agreement

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Wiring of Funds. All amounts required to be paid by Merchant, Agent or Merchant Buyer under any provision of this Agreement shall be made by wire transfer of immediately available funds which shall be wired by Merchant, Agent or MerchantBuyer, as applicable, no later as 2:00 p.m. (Eastern Time) on the date that such payment is due; provided, however, that all of the information necessary to complete the wire transfer has been received by Merchant, Agent or MerchantBuyer, as applicable, by 10:00 a.m. (Eastern Time) on the date that such payment is due. In the event that the date on which any such payment is due is not a business day, then such payment shall be made by wire transfer on the next business day.

Appears in 2 contracts

Samples: Agency Agreement (Aeropostale Inc), Agency Agreement

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Wiring of Funds. All amounts required to be paid by Agent or the Merchant under any provision of this Agreement shall be made by wire transfer of immediately available funds which shall be wired by Agent or Merchant, as applicable, no later as 2:00 p.m. (Eastern Time) on the date that such payment is due; provided, however, that all of the information necessary to complete the wire transfer has been received by Agent or Merchant, as applicable, by 10:00 a.m. (Eastern Time) on the date that such payment is due. In the event that the date on which any such payment is due is not a business day, then such payment shall be made by wire transfer on the next business day.

Appears in 1 contract

Samples: Agency Agreement (Gordmans Stores, Inc.)

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