Crediting of Payments. The receipt of any item of payment by Lender shall be applied to reduce the Obligations, as provided in Section 2.3.2, but, for purposes of computing interest charges hereunder, each such item of payment shall be deemed paid and applied the number of Business Days after actual receipt thereof specified as Collection Days in Section 1.1.
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Crediting of Payments. The receipt of any item of payment by Lender shall be applied to reduce the Obligations, as provided in Section 2.3.2, ; but, for purposes of computing interest charges hereunder, each such item of payment shall be deemed paid and applied the number of one (1) Business Days Day after actual receipt thereof specified as Collection Days in Section 1.1thereof.
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Samples: Loan and Security Agreement (Natural Alternatives International Inc)
Crediting of Payments. The receipt of any item of payment by Lender shall be applied to reduce the Obligations, as provided in Section 2.3.2, but, for purposes of computing interest charges hereunder, each such item of payment shall be deemed paid and applied the number of Business Days days after actual receipt thereof specified as Collection Days in Section 1.1.
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Samples: Loan and Security Agreement (National Rv Holdings Inc)
Crediting of Payments. The receipt of any item of payment by Lender shall be applied to reduce the Obligations, as provided in Section 2.3.2, but, for purposes of computing interest charges hereunder, each such item of payment shall be deemed paid and applied the number of Business Days after actual receipt thereof specified as Collection Days in Section 1.1collection days on the Transaction Data Schedule.
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