California time. If any Collection item is received into the Foothill Account on a non-Business Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day.
Appears in 41 contracts
Samples: Loan and Security Agreement (Starcraft Corp /In/), Loan and Security Agreement (Global Sports Inc), Loan and Security Agreement (Childrens Broadcasting Corp)
California time. If any Collection item is received into the Foothill Account on a non-Business Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day."
Appears in 2 contracts
Samples: Loan and Security Agreement (Garden Botanika Inc), Loan and Security Agreement (Ultimate Electronics Inc)
California time. If any Collection item is received into the Foothill Account on a non-Business Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day. In the event that Borrowers' Loan Account has a credit balance, Foothill shall, on each Business Day, automatically transfer such credit balance to Borrowers' Designated Account so long as no Event of Default has occurred and is continuing.
Appears in 1 contract
Samples: Loan and Security Agreement (International Remote Imaging Systems Inc /De/)
California time. If any Collection item is received into the Foothill Account on a non-Business Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day.
Appears in 1 contract
Samples: Loan and Security Agreement (Ultimate Electronics Inc)
California time. If any Collection item is received into the Foothill Account on a non-non- Business Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day. 2.9.
Appears in 1 contract
California time. If any Collection item is received into the Foothill Account on a non-Business Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day.; and
Appears in 1 contract
California time. If any Collection item is received into the Foothill Group Agent Account on a non-Business Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day.
Appears in 1 contract
California time. If any Collection item is received into the Foothill Account on a non-Business nonBusiness Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day.
Appears in 1 contract
Samples: Loan and Security Agreement (Majestic Star Casino LLC)
California time. If any Collection item is received into the Foothill Account on a non-Business Day or after 11:00 a.m. California time on a Business Day, it shall be deemed to have been received by Foothill as of the opening of business on the immediately following Business Day. Insofar as Borrower is paying Foothill a yield management fee in lieu of `float' or `clearance' charges, there shall be no separate `float' or `clearance' charges hereunder.
Appears in 1 contract
