Common use of Allocations of Collections Clause in Contracts

Allocations of Collections. For purposes of determining the Outstanding Receivables Balances of Receivables at any time, the Purchaser and the Seller agree that the Seller shall apply all Collections on a Receivable by Receivable basis.

Appears in 26 contracts

Samples: Purchase Agreement (Conns Inc), Purchase Agreement (Conns Inc), Purchase Agreement (Conns Inc)

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Allocations of Collections. For purposes of determining the Outstanding Aggregate Receivables Balances Principal Balance of Receivables at any time, the Purchaser and the Seller agree that the Seller shall apply all Collections on a Receivable by Receivable basis.

Appears in 3 contracts

Samples: Note Purchase Agreement (Conns Inc), Note Purchase Agreement (Conns Inc), Second Receivables Purchase Agreement (Conns Inc)

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Allocations of Collections. For purposes of determining the Outstanding Receivables Unpaid Balances of Receivables at any time, the Purchaser and the Seller agree each Originator agrees that the Seller such Originator shall apply all Collections on a Receivable by Receivable basis.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Covenant Transport Inc)

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