Collection Days definition

Collection Days means a period equal to the greater of (i) two (2) Business Days after the deposit of Collections into the Collection Account, or (ii) such longer period as may be required by the financial institution with whom the Collection Account is maintained, in either event for which interest may be charged on the aggregate amount of such deposits at the Interest Rate or, if applicable, the Default Interest Rate.

Collection Days means one (1) Business Day to provide for the deposit, clearance and collection of checks or other instruments representing the proceeds of Collateral, the amount of which has been credited to the Companies’ Revolving Loan Account, and for which interest may be charged on the aggregate amount of such deposits, at the rate provided for in Paragraph 8.1 of Section 8 of this Financing Agreement.

Collection Days means a period of three (3) Business Day(s) after the deposit of Collections into the Collection Account, for which interest may be charged on the aggregate amount of such deposits at the rate provided for in Section 2.3 (a) (or Section 2.3(b) if applicable) hereof.

Examples of Collection Days in a sentence

• In addition, Contractor and the Customer shall mutually decide on the frequency of Collection and Scheduled Collection Days.

• For Commercial Service Units requesting Acceptable Solid Waste Collection via Dumpster(s), Contractor shall Collect, on a Scheduled Collection Day(s), all Acceptable Solid Waste in Dumpsters per Scheduled Collection Day.

• For all City Facilities, Contractor shall Collect, on a Scheduled Collection Day(s), all Acceptable Solid Waste in Commercial Containers per Scheduled Collection Day.

• Subject to Collection Days, all amounts received by CIT in payment of Accounts will be credited to the Revolving Loan Account when CIT is advised by its bank of its receipt of "collected funds" at CIT's bank account in New York, New York on the Business Day of such advise if advised no later than 1:00 p.m. EST or on the next succeeding Business Day if so advised after 1:00 PM EST.

• For Commercial Service Units requesting Acceptable Solid Waste Collection via Roll-off(s), Contractor may Collect, on a Scheduled Collection Day(s) or upon request of Customer, all Acceptable Solid Waste in Roll-off.

More Definitions of Collection Days

Collection Days means a day of waste collection for a particular geographic area within the Region of Peel as determined by the Commissioner.

Collection Days means days on which the Contractor’s NRF is required to be available under the Contract (normally Monday to Friday but may include Saturdays).]

Collection Days means two (2) Business Days to provide for the deposit, clearance and collection of checks or other instruments representing the proceeds of Collateral, the amount of which has been credited to the Company’s Revolving Loan Account, and for which interest may be charged on the aggregate amount of such deposits, at the rate provided for in Paragraph 8.1 of Section 8 of this Financing Agreement.

Collection Days shall be deleted in its entirety in Section 1, as well as references thereto in Section 3.4(a) and Section 8.6.

Collection Days. (as set forth on Annex A to this Agreement) after the date credited to the Ledger Account (or applied to such Advances) in accordance with the terms hereof (and interest shall continue to accrue on such Advances so repaid for such number of Collection Days). All such interest will be computed on the basis of a three hundred sixty (360) day year for the actual number of days elapsed and will be payable by Customer to Wintrust monthly in arrears on the last Business Day of each month. Notwithstanding the foregoing, from and after the occurrence of an Event of Default, all Obligations shall, at the election of Wintrust, bear interest at a rate per annum equal to the “Contract Rate” set forth on Annex A to this Agreement plus an additional three (3) percentage points per annum, and such interest shall be accrued daily and payable by Customer to Wintrust upon demand. All interest hereunder may be charged by Xxxxxxxx to the Ledger Account as an Advance as and when due. 3.08

Collection Days means two (2) banking days.

Collection Days. One business day will be charged at a per annum rate equal to Prime + 1.50%.