Charge-Off Policy. Receivables must be charged off (on a monthly basis) with respect to which no payment due and owing thereunder hereunder has been made for a period that is equal to or greater than 180 days, as determined on a contractual basis.
Appears in 3 contracts
Samples: Loan and Security Agreement (C & F Financial Corp), Loan and Security Agreement (Thaxton Group Inc), Loan and Security Agreement (C & F Financial Corp)
Charge-Off Policy. Receivables must be charged off (on a monthly basis) with respect to which no payment due and owing thereunder hereunder has been made for a period that is equal to or greater than 180 One Hundred Eighty (180) days, as determined on a contractual basis.
Appears in 1 contract
Charge-Off Policy. Receivables must be charged off (on a monthly basis) with respect to which no payment due and owing thereunder hereunder has been made for a period that is equal to or greater than 180 One Hundred Eighty (180) days, as determined on a contractual basis.
Appears in 1 contract
