Ready Remit definition
Examples of Ready Remit in a sentence
If Company uses Ready Remit, conforming wire transfers received directly by ▇▇▇▇▇ Fargo shall be applied to the Revolving Note on the Business Day of receipt, if received no later than 12:30 p.m. Central Time, or the next Business Day if received after 12:30 p.m. Central Time.
The Borrower and the Lender wish to amend the Agreement to accommodate certain treasury management products being offered by the Lender to the Borrower, including the Lender's Loan Manager service and Ready Remit SM service.
If Company has separately contracted with ▇▇▇▇▇ Fargo to use the ▇▇▇▇▇ Fargo Ready RemitSM service ("Ready Remit"), Company may instruct account debtors to make payments by wire transfer that conform to the requirements of Ready Remit, and all conforming payments shall be wire transferred directly to ▇▇▇▇▇ Fargo's general account.
If Company has separately contracted with ▇▇▇▇▇ Fargo to use the ▇▇▇▇▇ Fargo Ready RemitSM service (“Ready Remit”), Company may instruct account debtors to make payments by wire transfer that conform to the requirements of Ready Remit, and all conforming payments shall be wire transferred directly to ▇▇▇▇▇ Fargo’s general account.
If the Borrowers have elected to use the Lender’s Ready Remit service, then payments received by wire transfer directly into the Lender’s general account shall be applied to the Indebtedness as provided in Section 2.10, but the amount of principal paid shall continue to accrue interest at the applicable rate following application to the Indebtedness through the end of the Business Day thereafter.
If Company uses Ready Remit, then payments received by ▇▇▇▇▇ Fargo shall be applied to Indebtedness advanced on the Revolving Note as provided in Section 1.4(c)(ii) of this Agreement, but the amount of principal paid shall continue to accrue interest through the end of the first Business Day following the Business Day that the payment was applied to the Revolving Note.
Effective as of August 7, 2008, Borrower acknowledges that it may no longer participate in ▇▇▇▇▇ Fargo's Loan Manager and Ready Remit programs and that Revolving Advances will be governed by the terms of the Credit Agreement or such other agreements as may be entered into in writing from time to time by Lender and Borrower.
If Company uses Ready Remit, conforming wire transfers received directly by ▇▇▇▇▇ Fargo shall be applied to the Revolving Note on the Business Day of receipt, if received no later than 12:30 p.m. Central Time, or the next Business Day if received after 12:30 p.m.
If Company uses Ready Remit, then payments received by ▇▇▇▇▇ Fargo shall be applied to Indebtedness advanced on the Revolving Note as provided in Section 1.4(c)(ii) of this Agreement, but the amount of principal paid shall continue to accrue interest through the end of the third Business Day following the Business Day that the payment was applied to the Revolving Note.