Residual Payment Date definition
Examples of Residual Payment Date in a sentence
Provided that there does not then exist an Event of Default or any event or condition that, with notice, lapse of time or otherwise, would constitute an Event of Default, Buyer shall pay to Seller by wire transfer on the Residual Payment Date, the amount, if any, which Buyer owes to Seller on such Residual Payment Date, according to the accounting prepared by Buyer as of such Residual Calculation Date (the “Residual Purchase Price”).
On each Residual Payment Date, Buyer shall, or shall cause to, deduct from any Collections an amount equal to .35% (the “Discount Factor Rate”) of the Face Amount of each Purchased Receivable for which the Residual Purchase Price, if any, is paid on such Residual Payment Date (the “Discount Factor”).
Notwithstanding the foregoing, revenues from any client whose contract is terminated by Buyer without cause (as defined in such client’s contract) after the Closing Date will be included in the determination of Active Revenue as of the Contingency Residual Payment Date, calculated on an annualized basis applying the periodic fees payable and discount percentages set forth in Section 6(c)(i), applicable to such client as of the date of such termination.
On each Residual Payment Date, Buyer shall, or shall cause RCA to, deduct from any Collections an amount equal to the percent, as shown on Exhibit A Rate Schedule, or as otherwise agreed to between Seller and Buyer, (the “Discount Factor Rate”), of the Face Amount of each Purchased Receivable for which the Residual Purchase Price, if any, is paid on such Residual Payment Date (the “Discount Factor”).
Provided that there does not then exist an Event of Default or any event or condition that, with notice, lapse of time or otherwise, would constitute an Event of Default, Buyer shall pay to Seller by wire transfer on the Residual Payment Date, the amount, if any, which Buyer owes to Seller on such Residual Payment Date, according to the accounting prepared by Buyer as of such Residual Calculation Date (the "Residual Purchase Price").
On each Residual Payment Date, Buyer shall, or shall cause KBC to, deduct from any Collections an amount equal to the sum of ..0226% (the “PAF Rate”) of the daily ending Account Balance for each day during the applicable Accrual Period (the “Program Access Fees”).
If the Accounting Referee concludes that Buyer’s calculations were erroneous, then Buyer shall deposit into the escrow account (if the adjustment was made before the Contingency Residual Payment Date), or pay to Sellers (if the adjustment was made on the Contingency Residual Payment Date), such funds as are necessary to correct the error.
On each Residual Payment Date, Buyer shall, or shall cause RCA to, deduct from any Collections an amount equal to the percent, as shown on Exhibit A Rate Schedule, or as otherwise agreed to between Seller and Buyer, (the "Discount Factor Rate"), of the Face Amount of each Purchased Receivable for which the Residual Purchase Price, if any, is paid on such Residual Payment Date (the "Discount Factor").
On each Residual Payment Date, Buyer shall, or shall cause to, deduct from any Collections an amount equal to .524% (the “Discount Factor Rate”) of the Face Amount of each Purchased Receivable for which the Residual Purchase Price, if any, is paid on such Residual Payment Date (the “Discount Factor”).
On each Residual Payment Date, RCA shall deduct from any Collections an amount equal to the sum of eight thousandths of one percent (.008%) (the "PAF Rate") of the daily ending Account Balance for each day during the applicable Accrual Period (the "Program Access Fees").