Liquidation Account. The Servicer agrees to establish the Liquidation Account on or before the date of the first purchase hereunder. The Liquidation Account shall be used to receive transfers of certain amounts of the Purchaser's share of Collections of Pool Receivables prior to the Settlement Dates and for such other purposes described in the Transaction Documents. No funds other than those transferred in accordance with Section 1.4 shall be intentionally transferred into the Liquidation Account.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Imperial Sugar Co /New/), Receivables Purchase Agreement (Minnesota Power & Light Co)
Liquidation Account. The Servicer agrees to establish the Liquidation Account on or before the date of the first purchase hereunder. The Liquidation Account shall be used to receive transfers of certain amounts of the Purchaser's share of Collections of Pool Receivables prior to the Settlement Dates and for such other purposes described in the Transaction Documents. No funds other than those transferred in accordance with Section SECTION 1.4 shall be intentionally transferred into the Liquidation Account.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Vanstar Corp), Receivables Purchase Agreement (Warren S D Co /Pa/)
Liquidation Account. The Servicer agrees to establish the Liquidation Account on or before the date of the first purchase hereunder. The Liquidation Account shall be used to receive transfers of certain amounts of the each Purchaser's ’s share of Collections of Pool Receivables prior to the Settlement Dates and for such other purposes described in the Transaction Documents. No funds other than those transferred in accordance with Section 1.4 shall be intentionally transferred into the Liquidation Account.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Pilgrims Pride Corp)
