Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing thereof.
Appears in 6 contracts
Samples: Purchase Agreement (Fingerhut Receivables Inc), Purchase Agreement (Fingerhut Receivables Inc), Receivables Purchase Agreement (Metris Companies Inc)
Delivery of Collections. In the event that the Seller receives Collections, the The Seller agrees to deposit such Collections into the Collection Account as soon as practicable after the receipt thereof, promptly (but in no event later than two (2) Business Days after receipt) all Collections received by the second Business Day following Seller in respect of any Initial Loan, Substitute Loan or Additional Loan, for application in accordance with Section 7.06 of the Date of Processing thereofSale and Servicing Agreement.
Appears in 5 contracts
Samples: Sale and Contribution Agreement (Hercules Capital, Inc.), Sale and Contribution Agreement (Horizon Technology Finance Corp), Sale and Contribution Agreement (Hercules Capital, Inc.)
Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit forward to the Buyer or its designee such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing thereof.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Metris Receivables Inc), Bank Receivables Purchase Agreement (Fingerhut Receivables Inc)
Delivery of Collections. In the event that the Seller receives CollectionsCollections (other than in the Lockbox Account), the Seller agrees to deposit such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing thereof.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Credit Store Inc), Receivables Purchase Agreement (Credit Store Inc)
Delivery of Collections. In the event that the Seller receives Collectionscollections with respect to any Accounts, the Seller agrees to deposit forward such Collections into collections to, or at the Collection Account direction of, the Buyer as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date date of Processing receipt thereof.
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Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit pay such Collections into to the Collection Account Buyer as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing Precessing thereof.
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Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit forward to the Buyer or its designee such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second two Business Day Days following the Date of Processing thereof.
Appears in 1 contract
Samples: Bank Receivables Purchase Agreement (Fingerhut Receivables Inc)
Delivery of Collections. In the event that the Seller receives CollectionsCollections or Recoveries, the Seller agrees to deposit pay the Servicer all such Collections into the Collection Account and Recoveries as soon as practicable after the receipt thereof, thereof but in no event later than the second two Business Day following Days after the Date of Processing thereofby the Seller. Upon becoming entitled to do so under the Deposit Documents, the Seller will realize upon and deposit to the Collection Account all Funds Collateral.
Appears in 1 contract
Samples: Receivables Purchase Agreement
Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit forward to the Buyer or its designee such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing receipt thereof.
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Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit forward to the Buyer or its designee such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing thereof.. (f)
Appears in 1 contract
Delivery of Collections. In the event that the Seller receives Collections, the Seller agrees to deposit such Collections into the Collection Account as soon as practicable after the receipt thereof, but in no event later than the second Business Day following the Date of Processing thereof.. (f)
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