Daily Yield. (a) The Borrower shall pay Daily Yield to the Administrative Agent, for the account of the Applicable Lenders, for each day on which any Outstanding Principal Amount is outstanding, in the manner and at the times specified in Sections 6.03, 6.04 and 6.05. (b) Notwithstanding the foregoing, the Borrower shall pay interest at the applicable Daily Yield Rate on unpaid Daily Yield and on any other amount payable by the Borrower hereunder (to the extent permitted by law) that shall not be paid in full when due (whether at stated maturity, by acceleration or otherwise) for the period commencing on the due date thereof to (but excluding) the date the same is indefeasibly paid in full.
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Sources: Receivables Sale and Contribution Agreement (Consolidated Freightways Corp)
Daily Yield. (a) The Borrower shall pay Daily Yield to the Administrative Agent, for the account of the Applicable Lenders, for each day on which any Outstanding Principal Amount is outstanding, in the manner and at the times specified in Sections 6.03, 6.04 and 6.05.
(b) Notwithstanding the foregoing, the Borrower shall pay interest at the applicable Daily Yield Rate on unpaid Daily Yield and on any other amount payable by the Borrower hereunder (to the extent permitted by law) that shall not be paid in full when due (whether at stated maturity, by acceleration or otherwise) for the period commencing on the due date thereof to (but excluding) the date the same is indefeasibly paid in full.
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