Common use of Dilutions, Etc Clause in Contracts

Dilutions, Etc. The Seller agrees that if, on any day, --------------- the Outstanding Balance of a Receivable which has been sold by the Seller hereunder is either (x) reduced as a result of defective, rejected or returned goods or other dilution factor, any billing adjustment or other adjustment, or (y) reduced or cancelled as a result of (i) a setoff or offset in respect of any claim by any Person (whether such claim arises out of the same or a related transaction or an unrelated transaction), or (ii) any action by any Federal or state taxing authority or as a result of the payment by any Obligor of any portion of a Receivable constituting a tax or governmental fee or charge to any Person other than the Purchaser, then the Seller shall be deemed to have received on such day a collection of such Receivable to the extent of the amount of such reduction, cancellation or payment made by the Obligor and shall pay to the Purchaser an amount equal to such reduction or cancellation on the last Business Day of the calendar month in which such reduction or cancellation occurred.

Dilutions, Etc. The Each Seller agrees that if, if on any day, --------------- day the Outstanding Balance of a Receivable an interest in which has been sold by the such Seller hereunder is either (x) reduced as a result of defective, rejected or returned goods or other dilution factor, any billing adjustment or other adjustment, or (y) reduced or cancelled as a result of (i) a setoff or offset in respect of any claim by any Person (whether such claim arises out of the same or a related transaction or an unrelated transaction), or (ii) any action by any Federal or state taxing authority or as a result of the payment by any Obligor of any portion of a Receivable constituting a tax or governmental fee or charge to any Person other than the Purchaser, then the such Seller shall be deemed to have received on such day a collection of such Receivable to the extent of in the amount of such reduction, cancellation or payment made by the Obligor and shall on such day pay to the Purchaser an amount equal to such reduction or cancellation on the last Business Day of the calendar month in which such reduction or cancellation occurredcancellation.

Dilutions, Etc. The Seller Such Originator agrees that if, on any day, --------------- the Outstanding Balance of a Receivable which has been sold by the Seller such Originator hereunder is either (xa) reduced as a result of defective, rejected or returned goods or other dilution factor, any billing adjustment or other adjustment, or (yb) reduced or cancelled as a result of (i) a setoff or offset in respect of any claim by any Person (whether such claim arises out of the same or a related transaction or an unrelated transaction), or (ii) any action by any Federal or state taxing authority or as a result of the payment by any Obligor of any portion of a Receivable constituting a tax or governmental fee or charge to any Person other than the PurchaserBuyer, then the Seller such Originator shall be deemed to have received on such day a collection of such Receivable to the extent of the amount of such reduction, cancellation or payment made by the Obligor and shall pay to the Purchaser Buyer an amount equal to such reduction or cancellation on the last Business Day of the calendar month in which such reduction or cancellation occurred.

Dilutions, Etc. The Seller agrees that if, on any day, --------------- the Outstanding Balance of a Receivable which has been sold by the Seller hereunder is either (xa) reduced as a result of defective, rejected or returned goods or other dilution factor, any billing adjustment or other adjustment, or (yb) reduced or cancelled as a result of (i) a setoff or offset in respect of any claim by any Person (whether such claim arises out of the same or a related transaction or an unrelated transaction), or (ii) any action by any Federal or state taxing authority or as a result of the payment by any Obligor of any portion of a Receivable constituting a tax or governmental fee or charge to any Person other than the Purchaser, then the Seller shall be deemed to have received on such day a collection of such Receivable to the extent of the amount of such reduction, cancellation or payment made by the Obligor and shall pay to the Purchaser an amount equal to such reduction or cancellation on the last Business Day of the calendar month in which such reduction or cancellation occurred.