Second Collection definition

Second Collection means (a) the second or any subsequent collection of Cash from any Site of the Customer; or (b) any collection of Cash not during ADIB banking days or after ADIB banking hours (without obligation on the part of ADIB);
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Examples of Second Collection in a sentence

  • Upon the expiration of the Second Collection Period, (x) the Buyer shall no longer have the right or obligation to pursue or collect the Uncollected LT A/R, or any portion thereof, (y) the Company shall have the right to pursue all Uncollected LT A/R for its own behalf using any lawful means it chooses, and (z) the Buyer shall remit promptly (but in any event with fifteen (15) business days of receipt) to the Company all sums received with respect to the Uncollected LT A/R.

  • Of such amount Vendor will apply for Vendor's benefit the amount n to cover the first Collection Cycle Return and deposit an equal amount in the Reserve Account to cover the Return for the Second Collection Cycle.

Related to Second Collection

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Investor Finance Charge Collections means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing during such Monthly Period.

  • Deemed Collection Defined in Section 2.4(c).

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Principal Collections means Collections of Principal Receivables.