Common use of DAILY DELIVERIES Clause in Contracts

DAILY DELIVERIES. The Sold Amount of Future Receipts shall be delivered to Purchaser in equal amounts of Daily Delivery. The Daily Deliveries shall be made on each on each and every Business Day starting on the Commencement Date, which is the date in which the Purchaser sets forth that Daily Deliveries are scheduled to begin. It should be noted that the Commencement Date shall be established by the Purchaser and shall be with no later than 15 days following the date in which the Purchase Price (less the Origination Fees) are sent to the Merchant. The amount of the Daily Delivery is subject to Merchant’s right for adjustment and/or reconciliation set forth in this Agreement. The last Daily Delivery shall be made when the Sold Amount of Future Receipts and other amounts due to Purchaser under this Agreement (if any) are delivered to Purchaser in full.

Appears in 2 contracts

Sources: Agreement of Sale of Future Receivables (Spectrum Global Solutions, Inc.), Agreement of Sale of Future Receivables (Spectrum Global Solutions, Inc.)

DAILY DELIVERIES. The Sold Amount of Future Receipts shall be delivered to Purchaser in equal amounts of as set forth in this Agreement (the “Daily Delivery”). The Daily Deliveries Delivery shall be made on each on each and every Business Day Days starting on the Commencement Date, which is the date in on which the Purchaser sets forth that Daily Deliveries are scheduled to begin. It should be noted that the Commencement Date shall be established by the Purchaser and shall be with no later than 15 days 1 day following the date in on which the Purchase Price (less the Origination Fees) are is sent to the MerchantSeller. The amount of the Daily Delivery is subject to MerchantSeller’s right for adjustment and/or reconciliation set forth in this Agreement. The last Daily Delivery shall be made when the Sold Amount of Future Receipts and other amounts due to Purchaser under this Agreement (if any) are delivered to Purchaser in full.

Appears in 1 contract

Sources: Agreement for the Purchase and Sale of Future Receipts (Amphitrite Digital Inc)