PAYMENTS TO PURCHASER Sample Clauses

PAYMENTS TO PURCHASER. 52 ARTICLE VI....................................................................54
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PAYMENTS TO PURCHASER. Section 5.01
PAYMENTS TO PURCHASER. Section 5.01 Remittances..................................................................................45 Section 5.02 Statements to Purchaser......................................................................46 Section 5.03 Monthly Advances by Company..................................................................46 ARTICLE VI
PAYMENTS TO PURCHASER. Section 3.01 Remittances................................................... Section 3.02
PAYMENTS TO PURCHASER. 54 Section 5.01 Remittances...................................................................... 54 Section 5.02 Statements to Purchaser.......................................................... 55
PAYMENTS TO PURCHASER. 51 Section 5.01 Remittances...................................................51 Section 5.02 Automated Servicing Systems and Statements to Purchaser.......51 Section 5.03 Monthly Advances by Company...................................52
PAYMENTS TO PURCHASER. 56 Section 5.1 Remittances .................................. 56 Section 5.2 Statements to Purchaser. ..................... 57 Section 5.3 Monthly Advances by Company .................. 57
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PAYMENTS TO PURCHASER. Section 5.01 Remittances. Section 5.02 Statements to Purchaser. Section 5.03 Monthly Advances by Company.
PAYMENTS TO PURCHASER. Section 5.01 Remittances. On each Remittance Date the Company shall remit by wire transfer of immediately available funds to the Purchaser (a) all amounts deposited in the Custodial Account as of the close of business on the Determination Date (net of charges against or withdrawals from the Custodial Account pursuant to Section 4.05), plus (b) all amounts, if any, which the Company is obligated to distribute pursuant to Section 5.03, minus (c) any amounts attributable to Principal Prepayments received after the applicable Principal Prepayment Period which amounts shall be remitted on the following Remittance Date, together with any additional interest required to be deposited in the Custodial Account in connection with such Principal Prepayment in accordance with Section 4.04(ix); minus (d) any amounts attributable to Monthly Payments collected but due on a Due Date or Dates subsequent to the first day of the month of the Remittance Date. All cash flows from Prepayment Penalties shall be passed through to the Purchaser and shall not be waived by the Seller, except pursuant to Section 4.20. With respect to any remittance received by the Purchaser after the second (2nd) Business Day following the Business Day on which such payment was due, the Company shall pay to the Purchaser interest on any such late payment at an annual rate equal to the Prime Rate, adjusted as of the date of each change, plus three percentage points, but in no event greater than the maximum amount permitted by applicable law. Such interest shall be deposited in the Custodial Account by the Company on the date such late payment is made and shall cover the period commencing with the day following such second (2nd) Business Day and ending with the Business Day on which such payment is made, both inclusive. Such interest shall be remitted along with the distribution payable on the next succeeding Remittance Date. The payment by the Company of any such interest shall not be deemed an extension of time for payment or a waiver of any Event of Default by the Company.
PAYMENTS TO PURCHASER. If Seller or its Affiliate shall, notwithstanding the provisions of the Consent and Instruction Letter or any similar Transaction Document delivered from time to time, receive from, or on behalf of, any Counterparty any Purchased Receivables, Seller shall promptly, and in any event no later than five (5) Business Days, following the receipt by Seller or its Affiliate of such Purchased Receivables, remit to Purchaser such Purchased Receivables.
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