Payment Assumption. Unless an Obligor otherwise specifies or another application is required by contract or law, any payment received by the Seller from any Obligor shall be applied as a Collection of Receivables of such Obligor (starting with the oldest such Receivable) and remitted to the Collection Agent as such.
Appears in 29 contracts
Samples: Receivables Sale Agreement (Swift Holdings Corp.), Receivables Sale Agreement (Hunt J B Transport Services Inc), Receivables Sale Agreement (Officemax Inc)
Payment Assumption. Unless an Obligor otherwise specifies (by reference to a particular invoice or otherwise) or another application is required by contract or law, any payment received by the Seller from any Obligor shall be applied as a Collection of Receivables of such Obligor (starting with the oldest such Receivable) and remitted to the Collection Agent related Servicer as such.
Appears in 5 contracts
Samples: Receivables Sale Agreement (Sirva Inc), Receivables Sale Agreement (Sirva Inc), Receivables Sale Agreement (Sirva Inc)
Payment Assumption. Unless an Obligor otherwise specifies or another application is required by contract or law, any payment received by the Seller Borrower from any Obligor shall be applied as a Collection of Receivables of such Obligor (starting with the oldest such Receivable) and remitted to the Collection Agent as such.
Appears in 4 contracts
Samples: Receivables Loan Agreement (Eagle Picher Technologies LLC), Receivables Loan Agreement (Borg Warner Automotive Inc), Receivables Loan Agreement (Borgwarner Inc)
Payment Assumption. Unless an Obligor otherwise specifies or another application is required by contract or law, any payment received by the Seller from any Obligor in respect of any Receivable shall be applied as a Collection of Receivables of such Obligor (starting with the oldest such Receivable) and remitted to the Collection Agent as such.
Appears in 2 contracts
Samples: Receivables Sale Agreement (Bergen Brunswig Corp), Bergen Brunswig Corp
Payment Assumption. Unless an Obligor otherwise specifies (by reference to a particular invoice or otherwise) or another application is required by contract or law, any payment received by the Seller from any Obligor shall be applied as a Collection of Receivables of such Obligor (starting with the oldest such Receivable) and remitted to the Collection Agent Servicer as such.
Appears in 2 contracts
Samples: Receivables Sale Agreement (Usf Corp), Receivables Sale Agreement (Sirva Inc)
Payment Assumption. Unless an Obligor otherwise specifies or another application is required by contract or law, any payment received by the Seller from any Obligor shall be applied as a Collection of Receivables of such Obligor (starting with the oldest such Receivable) and remitted to the Collection Agent Servicer as such.
Appears in 1 contract
Samples: Receivables Sale Agreement (Alliance One International, Inc.)
