Certain Allocations. Each Originator, as Local Servicer, hereby agrees that if it can attribute a Collection to a specific Obligor and a specific Receivable, then such Collection shall be applied to pay such Receivable of such Obligor, provided, however, that if it cannot attribute a Collection to a specific Receivable, then such Collection shall be applied to pay the Receivables of such Obligor in the order of maturity of such Receivables, beginning with the Receivable that has been outstanding the shortest and ending with the Receivable that has been outstanding the longest.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Huntsman International LLC), Receivables Purchase Agreement (Huntsman Ici Chemicals LLC), Receivables Purchase Agreement (Huntsman Ici Holdings LLC)
Certain Allocations. Each The Originator, as Local Servicer, hereby agrees that if it can attribute a Collection to a specific Obligor and a specific Receivable, then such Collection shall be applied to pay such Receivable of such Obligor, provided, however, that if it cannot attribute a Collection to a specific Receivable, then such Collection shall be applied to pay the Receivables of such Obligor in the order of maturity of such Receivables, beginning with the Receivable that has been outstanding the shortest and ending with the Receivable that has been outstanding the longest.
Appears in 2 contracts
Samples: Dutch Receivables Purchase Agreement (Huntsman Ici Holdings LLC), Dutch Receivables Purchase Agreement (Huntsman Ici Chemicals LLC)
Certain Allocations. Each Originator, as Local Servicer, hereby ------------------- agrees that if it such Originator can attribute a Collection to a specific Obligor and a specific Receivable, then such Collection shall be applied to pay such Receivable of such Obligor, ; provided, however, that if it such Originator cannot -------- ------- attribute a Collection to a specific Receivable, then such Collection shall be applied to pay the Receivables of such Obligor in the order of maturity of such Receivables, beginning with the Receivable that has been outstanding the shortest longest and ending with the Receivable that has been outstanding the longestshortest.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Huntsman Ici Holdings LLC), Receivables Purchase Agreement (Huntsman Ici Chemicals LLC)
Certain Allocations. Each Originator, as Local Servicer, hereby agrees that if it such Originator can attribute a Collection to a specific Obligor and a specific Receivable, then such Collection shall be applied to pay such Receivable of such Obligor, ; provided, however, that if it such Originator cannot attribute a Collection to a specific Receivable, then such Collection shall be applied to pay the Receivables of such Obligor in the order of maturity of such Receivables, beginning with the Receivable that has been outstanding the shortest longest and ending with the Receivable that has been outstanding the longestshortest.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Huntsman International LLC)
