Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following receipt thereof) to a Lock-Box Account all Collections received from time to time by the Transferor, the Collection Agent and the Sellers.
Appears in 4 contracts
Sources: Receivables Transfer Agreement (Trimas Corp), Receivables Transfer Agreement (Trimas Corp), Receivables Transfer Agreement (Mascotech Inc)
Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers cause each Seller to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following receipt thereof) to a Lock-Box Lockbox Account all Collections received from time to time by the TransferorTransferor or any Sellers, as the Collection Agent and the Sellerscase may be.
Appears in 2 contracts
Sources: Receivables Transfer Agreement (Collins & Aikman Corp), Receivables Transfer Agreement (Collins & Aikman Corp)
Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following receipt thereof) to a Lock-Box Lockbox Account all Collections received from time to time by the Transferor, the Collection Agent and the Sellers, or with the consent of the Administrative Agent and the Required Committed Purchasers, to a segregated account satisfactory to the Administrative Agent and the Required Committed Purchasers.
Appears in 2 contracts
Sources: Receivables Transfer Agreement (Tyson Foods Inc), Receivables Transfer Agreement (Tyson Foods Inc)
Collections Received. The Transferor shall, and shall instruct the Collection Agent and cause each of the Sellers to, to hold in trusttrust and immediately, and deposit immediately (but in any event no not later than one two (12) Business Day following Days after such Person's receipt thereof) to a Lock-Box Account , deposit all Collections received from time to time by the TransferorTransferor or any such Seller, as the Collection Agent and the Sellerscase may be, to a Lock-Box Account.
Appears in 1 contract
Sources: Transfer and Administration Agreement (Lci International Inc /Va/)
Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, shall hold in trust, and deposit remit immediately (but in any event no later than one two (12) Business Day Days following its receipt thereof) to a Lock-Box the Collection Account all Collections received from time to time by the Transferor, Transferor or the Collection Agent and Agent, as the Sellerscase may be.
Appears in 1 contract
Sources: Transfer and Administration Agreement (Metris Companies Inc)
Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers cause each Seller to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following its receipt thereof) to a Lock-Box Account all Collections received from time to time by the TransferorTransferor or any Seller, as the Collection Agent and the Sellerscase may be.
Appears in 1 contract
Sources: Receivables Transfer Agreement (Collins & Aikman Corp)
Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, hold in trust, and deposit immediately (but in any event no later than one (1) Business Day following receipt thereof) to a Lock-Box Lockbox Account all Collections received from time to time by the Transferor, the Collection Agent and the Sellers.
Appears in 1 contract
Collections Received. The Transferor shall, and shall instruct the Collection Agent and the Sellers to, shall -------------------- hold in trust, and deposit remit immediately (but in any event no later than one two (12) Business Day Days following its receipt thereof) to a Lock-Box the Collection Account all Collections received from time to time by the Transferor, Transferor or the Collection Agent and Agent, as the Sellerscase may be.
Appears in 1 contract
Sources: Transfer and Administration Agreement (Metris Companies Inc)