Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the “Collection Agent Fee”) of 1.25% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on each Settlement Date or such other day during each calendar month as the Purchaser and the Collection Agent shall agree; provided, that until the RFA Final Payment Date, the Collection Agent Fee shall be deemed paid by the payment of the Servicing Fee under the RFA and no separate fee shall be payable hereunder.
Appears in 3 contracts
Sources: Purchase and Contribution Agreement (Herc Holdings Inc), Purchase and Contribution Agreement (Herc Holdings Inc), Purchase and Contribution Agreement (Herc Holdings Inc)
Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the “Collection Agent Fee”) of 1.250.25% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on the tenth day of each Settlement Date month (or, if such day is not a Business Day, the immediately succeeding Business Day) or such other day during each calendar month as the Purchaser and the Collection Agent shall agree; provided, that until the RFA Final Payment Date, the Collection Agent Fee shall be deemed paid by the payment of the Servicing Fee under the RFA and no separate fee shall be payable hereunder.
Appears in 2 contracts
Sources: Purchase and Contribution Agreement (Ferro Corp), Receivables Purchase Agreement (Ferro Corp)
Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunderhereunder (and provided that the Purchaser is not the Collection Agent), a periodic collection fee (the “Collection Agent Fee”) of 1.250.50% per annum on the average daily aggregate Outstanding Balance of the Transferred Purchased Receivables, payable on the tenth day of each Settlement Date month (or, if such day is not a Business Day, the immediately succeeding Business Day) or such other day during each calendar month as the Purchaser and the Collection Agent shall agree; provided, that until the RFA Final Payment Date, the Collection Agent Fee shall be deemed paid by the payment of the Servicing Fee under the RFA and no separate fee shall be payable hereunder.
Appears in 1 contract
Sources: Purchase Agreement (Ferro Corp)
Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the “Collection Agent Fee”) of 1.250.50% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on the second Business Day of each Settlement Date month or such other day during each calendar month as the Purchaser and the Collection Agent shall agree; provided, that until the RFA Final Payment Date, the Collection Agent Fee shall be deemed paid by the payment of the Servicing Fee under the RFA and no separate fee shall be payable hereunder.
Appears in 1 contract
Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the “Collection Agent Fee”"COLLECTION AGENT FEE") of 1.25% $5.00 per annum on the average daily aggregate Outstanding Balance of the month for each Contract that is a Transferred ReceivablesContract for such month (other than any Contract related to a Transferred Receivable that is a Defaulted Receivable), payable on each Settlement Date or such other day during each calendar month as the Purchaser and the Collection Agent shall agree; provided, that until the RFA Final Payment Date, . The payment of the Collection Agent Fee shall be deemed paid by made to the payment of extent and in the Servicing Fee under manner provided in the RFA and no separate fee shall be payable hereunderFinancing Agreement.
Appears in 1 contract
Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the “Collection Agent Fee”) of 1.250.50% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on the fifteenth day of each Settlement Date month (or, if such day is not a Business Day, the immediately succeeding Business Day) or such other day during each calendar month as the Purchaser and the Collection Agent shall agree; provided, that until the RFA Final Payment Date, the Collection Agent Fee shall be deemed paid by the payment of the Servicing Fee under the RFA and no separate fee shall be payable hereunder.
Appears in 1 contract
Sources: Purchase and Contribution Agreement (Lexmark International Inc /Ky/)
Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the “"Collection Agent Fee”") of 1.250.50% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on each Settlement Date or such other day during each calendar month as the Purchaser and the Collection Agent shall agree; provided, that until the RFA Final Payment Date, the Collection Agent Fee shall be deemed paid by the payment of the Servicing Fee under the RFA and no separate fee shall be payable hereunder.
Appears in 1 contract
Sources: Purchase and Contribution Agreement (Dal Tile International Inc)
Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the “Collection Agent Fee”) of 1.250.25% per annum on the average daily aggregate Outstanding Balance of the Transferred Receivables, payable on the twelfth Business Day of each Settlement Date month or such other day during each calendar month as the Purchaser and the Collection Agent shall agree; provided, that until the RFA Final Payment Date, the Collection Agent Fee shall be deemed paid by the payment of the Servicing Fee under the RFA and no separate fee shall be payable hereunder.
Appears in 1 contract
Sources: Purchase and Contribution Agreement (Electronic Data Systems Corp /De/)
Collection Agent Fee. The Purchaser shall pay to the Collection Agent, so long as it is acting as the Collection Agent hereunder, a periodic collection fee (the “"Collection Agent Fee”") of 1.251.00% per annum on the average daily aggregate Outstanding Balance of the Transferred ReceivablesPurchased Assets, payable in arrears on each Settlement Date or such other day during each calendar month Month as the Purchaser and the Collection Agent shall agree; provided, that until the RFA Final Payment Date, the Collection Agent Fee shall be deemed paid by the payment of the Servicing Fee under the RFA and no separate fee shall be payable hereunder.
Appears in 1 contract