Collections Following Amortization. On the Amortization Date and on each day thereafter, the Servicer shall set aside and hold in trust, for the holder of each Purchaser Interest and each Program F/X Counterparty, all Collections received on such day and an additional amount for the payment of any accrued and unpaid Obligations owed by Seller and not previously paid by Seller in accordance with Section 2.1.
Appears in 4 contracts
Sources: Receivables Purchase Agreement (Johnsondiversey Holdings Inc), Receivables Purchase Agreement (Johnsondiversey Holdings Inc), Receivables Purchase Agreement (Johnsondiversey Inc)
Collections Following Amortization. On the Amortization Date and on each day thereafter, the Servicer shall set aside and hold in trust, for the holder of each Purchaser Interest and each Program F/X CounterpartyInterest, all Collections received on such day and an additional amount for the payment of any accrued and unpaid Obligations owed by Seller and not previously paid by Seller in accordance with Section 2.1.
Appears in 2 contracts
Sources: Receivables Purchase Agreement (Hanesbrands Inc.), Receivables Purchase Agreement (Hanesbrands Inc.)
Collections Following Amortization. On the Amortization Date and on each day thereafter, the Servicer shall set aside and hold in trust, for the holder of each Purchaser Interest and each Program F/X CounterpartyInterest, all Collections and Deemed Collections received on such day (together with all Collections and an additional amount for the payment of any accrued and unpaid Obligations owed by Seller and not previously paid by Seller Deemed Collections then held in accordance with trust pursuant to Section 2.1.2.2 or this Section 2.3
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