Common use of Payments and Computations, Etc Clause in Contracts

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.

Appears in 15 contracts

Samples: Receivables Purchase Agreement (Carpenter Technology Corp), Receivables Purchase Agreement (Peabody Energy Corp), Receivables Purchase Agreement (Carpenter Technology Corp)

AutoNDA by SimpleDocs

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Accountapplicable Purchaser’s account (as such account is identified in the related Purchaser Group Fee Letter). All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Worthington Industries Inc), Receivables Purchase Agreement (Airgas Inc), Receivables Purchase Agreement (Airgas Inc)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon 2:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Wesco International Inc), Ball Receivables Participation Agreement (Weirton Steel Corp), Receivables Participation Agreement (Weirton Steel Corp)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administration Accountapplicable Purchaser's account (as such account is identified in the related Purchaser Group Fee Letter). All amounts received after noon 2:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (York International Corp /De/), Receivables Purchase Agreement (York International Corp /De/)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than 12:00 noon (New York City time) on the day when due in same day funds to the Administration Accountaccount designated by the Agent. All amounts received after 12:00 noon (New York City time) will be deemed to have been received on the next Business Day.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Warnaco Group Inc /De/), Receivables Purchase Agreement (Warnaco Group Inc /De/)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (noon, New York City time) City, New York time on the day when due in same day funds to the Administration Accounteach Purchaser Agent’s account. All amounts received after noon (noon, New York City City, New York time) , will be deemed to have been received on the next Business Day.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Consol Energy Inc), Receivables Purchase Agreement (Consol Energy Inc)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder or under any other Transaction Document shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Arch Coal Inc)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administration Accountapplicable Purchaser’s account (as such account is identified in the related Purchaser Group Fee Letter). All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Bearingpoint Inc)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 2:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.funds

Appears in 1 contract

Samples: Receivables Purchase Agreement (First Brands Corp)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be he made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Peabody Energy Corp)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Accountapplicable Purchaser’s account (as such account is identified in the related Purchaser Group Fee Letter). All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (American Greetings Corp)

AutoNDA by SimpleDocs

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (JLG Industries Inc)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be he made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (noon, New York City time) City, New York time on the day when due in same day funds to the Administration Accounteach Conduit Purchaser's account. All amounts received after noon (noon, New York City City, New York time) , will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Consol Energy Inc)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next immediately succeeding Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Citgo Petroleum Corp)

Payments and Computations, Etc. (a) All amounts to be ------------------------------ paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon (New York City time) will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (KPMG Consulting Inc)

Payments and Computations, Etc. (a) All amounts to be paid or ------------------------------ deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 1:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon 1:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Imco Recycling Inc)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder or any other Transaction Document shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon (noon, New York City time) City, New York time on the day when due in same day funds to the Administration Accounteach Purchaser Agent’s account. All amounts received after noon (noon, New York City City, New York time) , will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Kansas City Power & Light Co)

Payments and Computations, Etc. (a) All amounts to be paid or deposited by the Seller or the Servicer hereunder shall be made without reduction for offset or counterclaim and shall be paid or deposited no later than noon 12:00 p.m. (New York City time) on the day when due in same day funds to the Administration Account. All amounts received after noon 12:00 p.m. (New York City time) will be deemed to have been received on the next Business Day.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Eagle Materials Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.