Common use of Use of Seller’s Share of Collections Clause in Contracts

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.

Appears in 13 contracts

Samples: Receivables Purchase Agreement (Fleetcor Technologies Inc), Receivables Purchase Agreement (Fleetcor Technologies Inc), Receivables Purchase Agreement (Kelly Services Inc)

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Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note Notes and (iii) other legal and valid corporate organizational purposes.

Appears in 8 contracts

Samples: Receivables Purchase Agreement (Owens Corning), Receivables Purchase Agreement (Arch Coal Inc), Receivables Purchase Agreement (Owens Corning)

Use of Seller’s Share of Collections. The Subject to clause (o) above, the Seller shall apply the Seller’s Share its share of Collections to make payments in the following order of priority: (i) first, the payment of its expenses (including all including, without limitation, the obligations payable to Purchasers, the PurchasersAffected Persons, the Agent, the Purchaser Agents and the Administrator under this Agreement and Agent under the Purchaser Group Fee LettersTransaction Documents), (ii) second, the payment of accrued and unpaid interest on the Company Note Note, third, the payment of the outstanding principal amount of the Company Note, and (iii) fourth, other legal and valid corporate purposespurposes permitted by the Agreement.

Appears in 8 contracts

Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; and (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.

Appears in 7 contracts

Samples: Receivables Purchase Agreement (Ugi Corp /Pa/), Receivables Purchase Agreement (Ugi Corp /Pa/), Purchase and Sale Agreement (Ugi Corp /Pa/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate purposes.

Appears in 7 contracts

Samples: Receivables Purchase Agreement (Carpenter Technology Corp), Receivables Purchase Agreement (Royal Appliance Manufacturing Co), Receivables Purchase Agreement (Wesco International Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Groups and the Administrator under this the Agreement and under the each Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate purposes.

Appears in 6 contracts

Samples: Receivables Purchase Agreement (Worthington Industries Inc), Receivables Purchase Agreement (Airgas Inc), Receivables Purchase Agreement (Airgas Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Groups and the Administrator under this Agreement and under the each Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate purposes.

Appears in 6 contracts

Samples: Receivables Purchase Agreement (Wesco International Inc), Receivables Purchase Agreement (Wesco International Inc), Receivables Purchase Agreement (Wesco International Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee LettersLetter), (ii) the payment of accrued and unpaid interest on the Company Note Notes and (iii) other legal and valid corporate purposes.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Knight-Swift Transportation Holdings Inc.), Receivables Purchase Agreement (Knight-Swift Transportation Holdings Inc.), Receivables Purchase Agreement (Knight-Swift Transportation Holdings Inc.)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Groups and the Administrator under this the Agreement and under the each Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate purposes.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Worthington Industries Inc), Receivables Purchase Agreement (Louisville Gas & Electric Co /Ky/), Receivables Purchase Agreement (Wesco International Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations then due and payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate limited liability company purposes.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Triumph Group Inc), Receivables Purchase Agreement (Triumph Group Inc), Receivables Purchase Agreement (Triumph Group Inc)

Use of Seller’s Share of Collections. The Each Seller shall apply the Seller’s Share of Collections that are available to such Seller in accordance with the Agreement to make payments in the following order of priority: (i) first, the payment of its expenses (including all including, without limitation, the obligations payable to the PurchasersPurchaser, the Purchaser Agents Agent and the Administrator under this Agreement and other Purchaser Parties under the Purchaser Group Fee LettersTransaction Documents), (ii) second, the payment of accrued and unpaid interest on the Company Note Notes, third, the payment of the outstanding principal amount of the Company Notes, and (iii) fourth, other legal and valid corporate company purposes.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Manitowoc Co Inc), Receivables Purchase Agreement (Manitowoc Co Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Conduit Purchasers and the Administrator under this the Agreement and under the Purchaser Group Fee Letters), ; (ii) the payment of accrued and unpaid interest on the Company Note Notes; and (iii) other legal and valid corporate organizational purposes.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Consol Energy Inc), Receivables Purchase Agreement (Kansas City Power & Light Co), Receivables Purchase Agreement (Consol Energy Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the any Company Note Note; and (iii) other legal and valid corporate organizational purposes.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Peabody Energy Corp), Receivables Purchase Agreement (Peabody Energy Corp)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Subordinated Note and (iii) other legal and valid corporate purposes.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Cloud Peak Energy Inc.), Receivables Purchase Agreement (Cloud Peak Energy Resources LLC)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Groups and the Administrator under this the Agreement and under the each Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate organizational purposes.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (York International Corp /De/), Receivables Purchase Agreement (York International Corp /De/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), (ii) the payment of accrued and unpaid interest on the Company Buyer Note and (iii) other legal and valid corporate purposes.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Falcon Building Products Inc), Receivables Purchase Agreement (Commonwealth Industries Inc/De/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Banks and the Administrator Facility Agent under this the Agreement and under the Purchaser Group Fee LettersLetter), (ii) the payment of accrued and unpaid interest on the Company Note and the L/C Note and (iii) other legal and valid corporate purposes.

Appears in 2 contracts

Samples: Ball Receivables Participation Agreement (Weirton Steel Corp), Receivables Participation Agreement (Weirton Steel Corp)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections that are available to the Seller in accordance with the Agreement to make payments in the following order of priority: (i) first, the payment of its expenses (including all including, without limitation, the obligations payable to the PurchasersPurchaser, the Purchaser Agents Agent and the Administrator under this Agreement and other Purchaser Parties under the Purchaser Group Fee LettersTransaction Documents), (ii) second, the payment of accrued and unpaid interest on the Company Note Notes, third, the payment of the outstanding principal amount of the Company Notes, and (iii) fourth, other legal and valid corporate company purposes.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Manitowoc Foodservice, Inc.), Receivables Purchase Agreement (Manitowoc Co Inc)

Use of Seller’s Share of Collections. The Seller shall apply the ------------------------------------ Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (KPMG Consulting Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share its share of Collections to make payments in the following order of priority: (i) first, the payment of its expenses (including all including, without limitation, the obligations payable to the PurchasersPurchaser, the Purchaser Agents Affected Persons and the Administrator under this Agreement and Agent under the Purchaser Group Fee LettersTransaction Documents), (ii) second, the payment of accrued and unpaid interest on the Company Note Notes, third, the payment of the outstanding principal amount of the Company Notes, and (iii) fourth, other legal and valid corporate company purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Manitowoc Co Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group applicable Fee Letters), Letter) and (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (TransDigm Group INC)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share its share of Collections to make payments in the following order of priority: (i) FIRST, the payment of its expenses (including all including, without limitation, the obligations payable to the PurchasersPurchaser, the Purchaser Agents Affected Persons and the Administrator under this Agreement and Agent under the Purchaser Group Fee LettersTransaction Documents), (ii) SECOND, the payment of accrued and unpaid interest on the Company Note Note, THIRD, the payment of the outstanding principal amount of the Company Note, and (iii) FOURTH, other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Warren S D Co /Pa/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), (ii) the payment of accrued and unpaid interest on the Company Subordinated Note and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Eagle Materials Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee Letters), Letter) and (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (CSS Industries Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the PurchasersIssuer, the Purchaser Agents Administrator and the Administrator other Affected Persons and Indemnified Parties under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Moog Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections that are available to the Seller in accordance with the Agreement to make payments in the following order of priority: (i) first, the payment of its expenses (including all including, without limitation, the obligations payable to the PurchasersPurchaser, the Purchaser Agents Affected Persons and the Administrator under this Agreement and Agent under the Purchaser Group Fee LettersTransaction Documents), (ii) second, the payment of accrued and unpaid interest on the Company Note Notes, third, the payment of the outstanding principal amount of the Company Notes, and (iii) fourth, other legal and valid corporate company purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Manitowoc Co Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate limited liability company purposes, including Restricted Payments permitted by clause (n) above.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Presidio, Inc.)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share its share of Collections to make payments in the following order of priority: (i) first, the payment of its expenses (including all including, without limitation, the obligations payable to the PurchasersPurchaser, the Purchaser Agents Affected Persons and the Administrator under this Agreement and under the Purchaser Group Fee LettersTransaction Documents), (ii) second, the payment of accrued and unpaid interest on the Company Note Notes, third, the payment of the outstanding principal amount of the Company Notes, and (iii) fourth, other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Pilgrims Pride Corp)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Groups and the Administrator under this the Agreement and under the each Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Sale and Contribution Notes; and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (American Greetings Corp)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Purchasers and the Administrator Agent under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate organizational purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Aar Corp)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Carpenter Technology Corp)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator IV-6 under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fleetcor Technologies Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses then due and payable (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate organizational purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Church & Dwight Co Inc /De/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note Intercompany Loans and (iii) other legal and valid corporate organizational purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Owens Corning)

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Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share its share of Collections to make payments in the following order of priority: (i) first, the payment of its expenses (including all including, without limitation, the obligations payable to the PurchasersPurchaser, the Purchaser Agents Affected Persons and the Administrator under this Agreement and Agent under the Purchaser Group Fee LettersTransaction Documents), (ii) second, the payment of accrued and unpaid interest on the Company Note Notes, third, the payment of the outstanding principal amount of the Company Notes, and (iii) fourth, other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Imperial Sugar Co /New/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; and (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ugi Corp /Pa/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share its share of Collections to make payments in the following order of priority: (i) first, the payment of its expenses (including all obligations including, without limitation, the Obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee LettersAgent hereunder), (ii) second, the payment of accrued and unpaid interest on the Company Note AFC Notes, third, the payment of the outstanding principal amount of the AFC Notes, and (iii) fourth, other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Amphenol Corp /De/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this the Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Patriot Coal CORP)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.. (q)

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cooper Tire & Rubber Co)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations then due and payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate limited liability company purposes, including Restricted Payments permitted by clause (n) above.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Cincinnati Bell Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (First Brands Corp)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee LettersLetter), (ii) the payment of accrued and unpaid interest on the Company Note Subordinated Notes and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Meritor Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, Investors under the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Subordinated Notes; and (iii) Restricted Payments and other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Warnaco Group Inc /De/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share its share ------------------------------------ of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Funding Agents and the Administrator Collateral Agent under this the Agreement and under the Purchaser Group Fee Letters), ; (ii) the payment of accrued and unpaid interest on the any applicable Company Note Notes; and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (United States Steel Corp)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Administrative Agent and the Administrator Purchasers under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note AFC Note; (iii) payment of the principal on the AFC Note; and (iiiiv) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Amphenol Corp /De/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Purchasers and the Administrator under this Agreement and under the Purchaser Group Fee LettersLetter), (ii) the payment of accrued and unpaid interest on the Company Note Notes and (iii) other legal and valid corporate organizational purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Arch Coal Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, Purchasers under the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Subordinated Notes; and (iii) Restricted Payments and other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Warnaco Group Inc /De/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Subordinated Note and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Cloud Peak Energy Inc.)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share its share of Collections to make payments in the following order of priority: (i) FIRST, the payment of its expenses (including all including, without limitation, the obligations payable to the PurchasersPurchaser, the Purchaser Agents Affected Persons and the Administrator under this Agreement and Agent under the Purchaser Group Fee LettersTransaction Documents), (ii) SECOND, the payment of accrued and unpaid interest on the Company Note Notes, THIRD, the payment of the outstanding principal amount of the Company Notes, and (iii) FOURTH, other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Atrium Companies Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Conduit Purchasers and the Administrator under this the Agreement and under the Purchaser Group Fee Letters), ; (ii) the payment of accrued and unpaid interest on the Company Note Notes; and (iii) other legal and valid corporate organizational purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Consol Energy Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Notes; (iii) the payment of principal of the Notes and (iiiiv) other legal and valid corporate organizational purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Imo Industries Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s Share its share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Funding Agents and the Administrator Collateral Agent under this the Agreement and under the Purchaser Group Fee Letters), ; (ii) the payment of accrued and unpaid interest on the any applicable Company Note Notes; and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (United States Steel Corp)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations then due and payable to the Purchasers, the Purchaser Agents and the Administrator under this Agreement and under the Purchaser Group Fee Letters), (ii) the payment of accrued and unpaid interest on the Company Note and (iii) other legal and valid corporate limited liability company purposes, including Restricted Payments permitted by clause (n) above.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Cincinnati Bell Inc)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator 54 under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Note; and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Lesco Inc/Oh)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the Purchasers, the Purchaser Agents Issuer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Notes; and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Sequa Corp /De/)

Use of Seller’s Share of Collections. The Seller shall apply the Seller’s 's Share of Collections to make payments in the following order of priority: (i) the payment of its expenses (including all obligations payable to the PurchasersIssuer, the Purchaser Agents Servicer and the Administrator under this the Agreement and under the Purchaser Group Fee LettersLetter), ; (ii) the payment of accrued and unpaid interest on the Company Note Notes; and (iii) other legal and valid corporate purposes.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Pittston Co)

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