Collection Activities Sample Clauses
Collection Activities. Agency will investigate all accounts referred to it for collection by the Client and will attempt collection by correspondence and telephone solicitation.
Collection Activities. (a) The Buyer appoints the Company as its servicer and agent for the administration and servicing of all Purchased Receivables sold to the Buyer by Seller hereunder, and the Company hereby accepts such appointment and agrees to assume the duties and the administration and servicing obligations as the Servicer and perform all necessary and appropriate 725594943 17555228 commercial collection activities in arranging the timely payment of amounts due and owing by any Account Debtor in respect of Purchased Receivables sold by Sellers hereunder, all in accordance with applicable laws, rules and regulations and with reasonable care and diligence, including, without limitation, diligently and faithfully performing all servicing and collection actions (including, if necessary, acting as party of record in foreign jurisdictions); provided, however, that such appointment as the Servicer shall not release the Company or any Seller from any of its duties, responsibilities, liabilities and obligations resulting from or arising hereunder or under any Purchased Receivables. The Buyer may replace the Servicer in the manner set forth in Section 4(d) hereto. In connection with its servicing obligations, the Servicer will perform its obligations and exercise its rights under contracts related to the Purchased Receivables with the same care and applying the same policies as it applies to its own Receivables generally and would exercise and apply if it owned the Purchased Receivables and shall act in the best interest of the Buyer to maximize Collections. The Sellers and the Servicer agree that the Purchase Price for each Purchased Receivable includes consideration for the cost of servicing such Purchased Receivables, the amount of which shall be determined by Sellers and the Servicer and shall be remitted by the applicable Seller to the Servicer (out of the proceeds of such Purchase Price payments) or otherwise accounted for by Sellers and the Servicer as Sellers and the Servicer determine, and no other or further compensation is required.
(1) Each Seller and the Servicer hereby agree to instruct each Account Debtor to make all payments made by such Account Debtors on account of Purchased Receivables to one or more of the bank accounts of Seller, identified to the Buyer in writing on or prior to the date hereof (as such accounts may be updated from time to time with prior written notice by the Servicer to the Buyer, each, a “Designated Account”), and hereby further agrees tha...
Collection Activities. The Assignor shall take (a) such action for due collection of the Purchased Receivables as it would take for Receivables held for its own account (and shall use the same or greater level of care In connection therewith) and (b) such additional action from time to time reasonably required by the Bank. Such action shall include, but not be limited to, periodic reminders either In writing or through follow-up telephone calls. The Assignor may not delegate such collection activities, whether in whole or in part, without the Bank’s prior written consent.
Collection Activities. Mobility shall be responsible for the collection of all accounts receivable relating to the sale of Mobility Products, but Sales Rep agrees to provide reasonable assistance to Mobility in this area for customers of Mobility managed by Sales Rep
Collection Activities. By the fifth (5th) day of each month, Subservicer will identify any loans which are delinquent pursuant to the terms of the note. No collection activity should occur with respect to loans that are contractually current. For every contractually delinquent loan, Subservicer will make outbound call attempts in a manner designed below to maximize making Right Party Contact and send out a minimum of one collection statement per month in which a loan remains past due in an effort to collect the full amount (including principal, interest and other charges owed by Borrower under the HSA Loan). Any approvals required in connection with loss mitigation plans or arrangements shall be obtained in accordance with the Approval Matrix. The Subservicer’s analysis supporting any loss mitigation plan or arrangement shall be appropriately reflected in the Subservicer’s records. Outbound Call Starts First delinquency day for contact 5th Business Day/mo Outbound Call Attempts # of attempts in 30 day delinquency cycle 8
Collection Activities. Subservicer shall proceed with reasonable diligence and in accordance with the Home Equity Line Servicing Procedures, Accepted Servicing Practices to collect all outstanding payments when the same are due and payable and shall follow such collection procedures as it follows with respect to Loans comparable to the Loans held for its own account. Notwithstanding the foregoing, Subservicer shall not agree to any delinquent payment arrangement that would change the terms of any Borrower Agreement without prior approval from Owner and shall not (i) send any notice of acceleration to a Borrower; or (ii) institute any foreclosure or other legal proceeding; unless it determines that any such acceleration, foreclosure or other legal proceedings are in its judgment appropriate with respect to any Loan and in the best interest of the Owner.
Collection Activities. No Participant shall, without written consent from the Agent and the holders of the Requisite Participation Interests, undertake any collection activities or commence enforcement of the Mortgage Note or any of the Security Documents. All amounts received by a Participant in respect of the indebtedness evidenced by the Mortgage Note or the Security Documents shall be shared among the Participants in proportion to their respective Participation Interests, whether received by voluntary payment, by the exercise of the right of set-off or lien, by counterclaim or cross action or by the enforcement of the Mortgage Note or any of the Security Documents.
Collection Activities. Where Xxxxxxx is receiving payments from any Undergraduate Direct Enroll Student directly, GW will provide reasonable assistance in collecting from their students for non-payment.
Collection Activities. All collection efforts with respect to amounts owing from End Users with respect to Publishing Services will be the sole responsibility of WCI; provided, however, that WCI shall have no further responsibility with respect to the collection of amounts owing from an End User with respect to Publishing Services (a) if WIN or its Affiliates has written off the account balances owed by such End User to WIN or its Affiliates due to non-payment or for any other reason or (b) to the extent agreed upon from time to time by the Parties. WCI shall send a semi-monthly notice to Publisher, on or about the 15th and the last day of each month, indicating those End Users whose account balances have been written off in the preceding period and for whom collection efforts have accordingly ceased. In the event that WIN or its Affiliates reconnect the local telephone service of an End User whose account balances were previously written off under clause (a), WCI shall recommence the Billing and Collection Services with respect to such End User (it being understood that in such situation, WCI will not be obligated to collect amounts previously written off, but will be obligated to xxxx for and collect amounts owing with respect to additional Publishing Services provided following the date such End User’s local telephone service is reconnected).
Collection Activities. To the extent permitted by applicable law, you acknowledge and agree that, in an Event of Default, you authorize us to engage in a variety of collection activities, including but not limited to (a) contacting you by email, telephone, SMS, or similar electronic communication method, (b) visiting your place of employment and/or place of residence, and (c) contacting any immediate family member whose information you have provided us, in order to attempt to establish contact with you.