Examples of Collection Day in a sentence
The receipt of any wire transfer, check or other item of payment by Capital shall be deemed to have been paid to Capital within the Collection Day Period (as defined on Schedule 1) after the date Capital actually receives possession of such wire transfer of funds, check or other item of payment.
If there is no contact by the Tenth Collection Day of delinquency, a letter will be sent.
The receipt of any check or other or method item of payment deposited into the Lock Box shall be deemed to have been paid to TEMPFUNDS at the expiration of the Collection Day Period (as defined in Exhibit B, paragraph 25) after the date TEMPFUNDS actually receives possession of such check or other method or item of payment into the Wire Account referred to in Exhibit B, paragraph 26.
The Companies' Revolving Loan Account will be charged monthly with the cost associated with one (1) Collection Day, provided, however, that if no Revolving Loan or advance under the Revolving Line of Credit has been made by Agent at any time during the preceding 30 day period, then no charge will be assessed or imposed by Agent for such month.
Borrowers agree to pay to the Administrative Agent, for its own account, fees in the amounts and payable at the times separately agreed upon in the Fee Letter and the Collection Day Fee Letter or as otherwise agreed between the Borrowers and the Administrative Agent.