Receipt of Collections. No Collections shall be deemed received by Purchaser for purposes of this Agreement until funds are credited to the Collection Account as immediately available funds or otherwise actually received by Purchaser.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Constellium N.V.), Receivables Purchase Agreement (Constellium N.V.)
Receipt of Collections. No Collections shall be deemed received by Purchaser for purposes of this Agreement until funds are credited to the Collection Purchaser’s Account as immediately available funds or otherwise actually received by Purchaser.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Lifetime Brands, Inc), Receivables Purchase Agreement (Wolverine World Wide Inc /De/)
Receipt of Collections. No Collections shall be deemed received by any Purchaser for purposes of this Agreement until funds are credited to the Collection Account as immediately available funds or otherwise actually received by such Purchaser.
Appears in 1 contract
