Aging. Such Purchased Mortgage Loan has not been subject to a Transaction hereunder for more than the applicable Aging Limit.
Aging. For Month#1 and Month#2, obtain the reconciliation of the aging per monthly report to the aged trial balance & the general ledger. Describe the nature of any significant reconciling items. Note the timeliness of completion. Summarize each of the reconciliations and include the details for each significant reconciling item in the report. Include a description of the aging methodology in your report (i.e. DPI). Describe how unapplied amounts and/or partial payments affect an account’s aging status. Select 10 invoices from among the various aging categories at month end Month#2, and: · Determine if the accounts are being properly aged in accordance with the terms and methodology. Note any accounts that may be aged in a non-conforming manner. · Determine whether the terms of payment on the sale receipt would make the sales receipt ineligible for purchase. If so, determine if the company is properly excluding such invoices from sale to the conduits. · Obtain the related documentation pertaining to proof of delivery. Determine that the invoices were issued either coincident with or subsequent to the purchase of goods. · Prepare a listing of the accounts analyzed with an indication of the aging accuracy, the payment terms as stated on the face of the invoice, which entity the invoice relates to, and reason for delinquency, if any. · Verify the originator name listed on each invoice and whether the name matches the name of an Originator listed in the underlying transaction documents and indicate whether the Originator is eligible. Discuss with management the magnitude of accounts/invoices in the aging at the end of Month#2 that have been extended, modified or restructured. Ask management to provide an aging of debit balances only as of a recent month end (i.e. no credits in the aging buckets). Compare debit balance aging totals to the aging on the monthly report. Recalculate the delinquency ratio based on debit balance aging and compare it to the ratio reported on the monthly report.
Aging. Such Purchased Mortgage Loan has not been subject to a Transaction hereunder for more than 180 days.
Aging. No Receivable has been owned by the Issuer for more than 364 days.
Aging. Upon reasonable request by the Required Lenders, the Loan Parties shall deliver a summary aging, by vendor, of each Loan Party’s accounts payable, any book overdraft, and any held checks, in form and substance reasonably satisfactory to the Required Lenders and consistent with the Loan Parties’ historical practices.
Aging. Varig shall perform the Service Bulletin ("SB") ----- tasks, which can be performed on a best effort basis during upcoming checks on all the Aircraft. During the checks on 21005/PP-VMJ and 21003/PP-VMH the Aging work will be terminated on a best effort basis. This may leave an adjustment in favor of PLM, which shall be calculated as per the man-hours listed in Schedule "A" hereto multiplied by a man-hour rate of $45.00. Varig shall provide the required parts/kits for specific SBs, or compensation equaling the current list price from the manufacturer.
Aging. Other than the Receivables sold and contributed by the Receivables Seller on the Closing Date, each Receivable was originated at least 31 days but not more than 60 days prior to the Transfer Date.
Aging. 1 day beyond terms of payment, collection process begins—if required • 15 days beyond – a minimum of 3 calls – if required • 20 days beyond—1 written notice to customer—if required, Director Credit and Sales must be notified. • 60 days beyond terms, negotiate payment plans or surety—if required • 70 days beyond terms – No payment agreement, No surety —Issuance of NOI (notice of intent to terminate service or release to legal or collection agencies) if required. Note: This timeline is to be used as a guideline. Timeline may be longer when there is manual posting of invoices or if invoices are delivered late or other related billing issues. Collections notes must be recorded in Abiserve. • Hold Orders Procedures • Customer Service Representative enters an order • Abiserve is ONLY credit limit driven . If customer is over the credit limit, the system will automatically hold all orders. • The Hold order is then referred to the Credit Agent for release. Before the order is released, the Credit Agent must do the following: • If the Customer is over the credit limit, initiate a credit review. It takes us 48 hours to investigate and increase the limit. If for financial reasons, we feel that the credit limit should not be increased Sales & SSR are advised of the situation asap. Credit and Sales will arrive at a decision to release the order or not • If the customer has past due invoices to be cured and has already mailed its payment, the order is released asap and a credit review is initiated immediately afterwards to provide customer with more capacity if necessary. • If the Customer is unable to pay and we are negotiating payments, Sales and SSR are advised of the situation asap. Credit and Sales arrived at a decision to release the order or not. • Only Credit Coordinator is to advise the customer that the order is on hold with the agreement of Sales and Sales Agents. • The Director Credit is required to approve all amounts in excess of the credit limit. • SX order release Stock paper delivered from a warehouse to a customer is released with an “SX” order. A held SX order has to be released by the Credit coordinators in order to reach the billing process. Since SX orders are not listed on “WDP “ Warehouse Daily Planning report sent electronically by Abiserve to the warehouses, SSRs have to manually forward all SX order documentation. However, no credit check is performed before the documentation is sent. As a result, SX orders are delivered to customers before th...
Aging. 1. Radiation type: UVA, UVB, Visible spectrum, use of Xenon.
Aging. All Managed Accounts will be serviced with monthly statements, phone attempts, and letters by IFS for a period of 90 days.
