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.

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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 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 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.

• 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.

• Provide answers to frequently asked questions including, but not limited to: proper Container set-out instructions; list of acceptable Recyclable materials; Collection Days (in response to Customer input of service address); Billing issues, Customer Service telephone and e-mail contact information; and the Designated Transfer and Processing Site hours, directions, and acceptable materials.

• 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.

• Subject to charges for Collection Days, all items received from a Depository Account or in the Agent Lockbox and deposited into the Agent’s Bank Account will, for purposes of calculating Net Availability and interest, be credited to the Revolving Loan Account on the date of deposit in the Agent’s Bank Account.

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

Collection Days means two (2) Business Days.

Collection Days means three (3) 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 means five (5) business days for the collection of checks and other instruments.