Common use of Settlement Date Payments Clause in Contracts

Settlement Date Payments. The Administrative Agent will notify the Seller and the Collection Agent on the last Business Day of each calendar month of the Purchase Discount, Purchase Premium, Operating Expense Fee, the Unused Facility Fee, the Administration Fee and Collection Agent Fee. On each Settlement Date, the Seller will pay to the Purchaser the following, in accordance with Section 7.2.2.

Appears in 1 contract

Sources: Trade Receivables Purchase Agreement (Ultramar Diamond Shamrock Corp)

Settlement Date Payments. The Administrative Agent will notify the Seller and the Collection Agent on the last Business Day of each calendar month of the Purchase Discount, Purchase Premium, Unused Facility Fee, Operating Expense Fee, the Unused Facility Fee, the Administration Fee and Collection Agent Fee. On each Settlement Date, the Seller will pay to the Purchaser the following, in accordance with Section 7.2.2.

Appears in 1 contract

Sources: Credit Card Receivables Purchase Agreement (Ultramar Diamond Shamrock Corp)