Collection and Remittance. Contractor understands that Contractor is responsible for collection and the Covered California Enrollee is responsible for remittance of the agreed-upon premium rates to Contractor in a timely manner. Contractor understands that individual Covered California Enrollees will remit their monthly premium payments directly to Contractor and Covered California will not aggregate premiums. The failure by a Covered California Enrollee to timely pay premiums may result in a termination of coverage pursuant to the terms set forth at Section 2.2.4. Contractor further understands that the premium payment collected by Contractor includes amounts allocated to the Participation Fee due to Covered California. The Participation Fees shall be billed by Covered California to Contractor and payable by Contractor to Covered California in accordance with the requirements set forth at Section 6.1.3.
Collection and Remittance. Covered California agrees to perform collection and aggregation of monthly premiums with respect to Contractor’s QDPs in the small business Covered California and will remit said premiums, net of (i) Participation Fees payable to Covered California and (ii) the fee associated with Agent compensation paid by Covered California pursuant to Section 2.3.6.
Collection and Remittance. Contractor understands that Contractor is responsible for collection and the Enrollee is responsible for remittance of the agreed-upon premium rates to Contractor in a timely manner. Contractor understands that individual Enrollees will remit their monthly premium payments directly to Contractor, and the Exchange will not aggregate premiums. The failure by an Enrollee to timely pay premiums may result in a termination of coverage pursuant to the terms set forth at Section 3.22 above. Contractor further understands that the premium payment collected by Contractors includes amounts allocated to the Participation Fee due to the Exchange. The Participation Fees shall be billed by the Exchange to Contractor and payable by Contractor to the Exchange in accordance with the requirements set forth at Section 5.03.
Collection and Remittance. The Exchange agrees to perform collection and aggregation of monthly premiums with respect to Contractor’s QHPs and will remit said premiums, net of (i) Participation Fees payable to the Exchange and (ii) the fee associated with agent commissions paid by the Exchange pursuant to Section 3.30(a). The Exchange’s collection of premiums and remittance of net amounts to Contractor’s as described in this Section shall be made on a monthly basis.
Collection and Remittance. Each Acquired Company has collected from any of the past and present customers (or other Persons paying amounts to an Acquired Company) the amount of all Taxes (including goods and services tax and provincial sales taxes) required to be collected and has paid and remitted such Taxes when due in the form required under the applicable Legal Requirements or made adequate provision in the Acquired Companies Financial Statements pursuant to such goods, services or sales Tax Legal Requirements for the payment and remittance of such amounts to the proper Governmental Bodies.
Collection and Remittance. Borrower covenants and agrees to maintain the Blocked Account over which Lender shall have the sole power of withdrawal. All proceeds of Receivables whether cash, checks, drafts, notes, acceptances or other forms of payment, if received by Borrower, shall be received by Borrower in trust for Lender, and Borrower agrees to deliver or cause to be delivered, such payments forthwith, in the identical form in which received, to Lender or to the Blocked Account, as Lender shall require from time to time. Collected funds in the Blocked Account shall be swept daily and the proceeds deposited to an account of Lender or Borrower as Lender shall elect.
Collection and Remittance. 7.1 Drafts deposited in your Account shall be accepted as collection items, We maintain the right to debit any Account with any unpaid and non-collected items in addition to our charges, without assuming any responsibility in case of non-collection of such items
7.2 We shall pay the actual amount of transfers or the bank drafts/cheques received in your favor after deducting the banking fees/charges and commissions incurred by us.
7.3 In the event we agree to accept bills, cheques, drafts or instruments drawn on banks outside KSA (the “Foreign Instruments”) for clearing or collection, you irrevocably and unconditionally acknowledge and agree as follows:
a) the clearing or collection of Foreign Instruments is dependent upon the laws and practices of the country or state in which the drawee bank is located;
b) we may accept Foreign Instruments for clearing or collection at our absolute discretion and solely as a facility to you at your request from time to time. We reserve the right to refuse any Foreign Instrument at our discretion or to return any Foreign Instruments at any time;
c) we assume no responsibility for the realization of any Foreign Instrument deposited with us or for the value given by a foreign bank or for any mail, email or communication delays, loss of mail, email or courier, operating errors, clearing system delays or losses or for any charge, expense or loss, howsoever caused; and
d) in certain countries, the clearing of cheques may be with recourse and, even when funds have been made available, the drawee bank may return the cheque or recall the funds subsequently.
7.4 We shall credit all your incoming remittances and drafts into the Accounts in the currency of the Accounts
7.5 We may, without your prior Notice to and/or your consent, reverse any entries in your Account where transfers, remittances, cheques or other instruments previously credited to your Account are recalled or returned unpaid for any reason. We shall be entitled to retain unpaid cheques or instruments and to exercise all rights in relation to them.
7.6 All the transfers made by us according to your instructions shall be at your expense and responsibility. We shall not be responsible if the amounts credited to your Accounts are reduced due to the charges or decline in value. We shall not be responsible if you are unable to use other funds in your Account because of any restrictions issued by the concerned authorities.
7.7 Should all or any of these transfers be unpaid an...
Collection and Remittance. Corporation has collected from each receipt from any of its past and present customers (or other Persons paying amounts to Corporation) the amount of all Taxes (including goods and services tax and provincial sales taxes) required to be collected and has paid and remitted such Taxes when due, in the form required under the appropriate legislation or made adequate provision for the payment of such amounts to the proper receiving authorities. The amount of Tax collected but not remitted by Corporation will be retained in its accounts and remitted by it to the appropriate authorities when due.
Collection and Remittance. The State agrees to perform collection and aggregation of monthly premiums with respect to Contractor’s QHPs and will remit said premiums to Contractor as specified more fully in the Electronic Trading Partner Agreement between the parties. The State shall be responsible for promptly researching and correcting potential billing errors identified by Contractor. Contractor shall not be liable for terminating coverage for non-payment consistent with State instructions when the State has provided incorrect billing or payment information to Contractor.
Collection and Remittance. (a) Borrower shall collect its accounts receivable only in the ordinary course of Business. All accounts receivable collections of Borrower will be deposited in a non-interest bearing cash collateral account maintained at Lender (the "Collection Account"). Lender will have sole dominion and control over all items and funds in the Collection Account and such items and funds may be withdrawn only by Lender. Lender will have the right to apply all or any part of such funds towards payment of any of the indebtedness of Borrower to Lender under the Revolving Loan; provided, however, upon the occurrence of a default or an event with which the giving of notice or the passage of time or both would be a default hereunder or under the Loan Documents, Lender may apply all or any part of such funds towards payment of any indebtedness of Borrower to Lender.
(b) All items deposited into the Collection Account will be credited by Lender as payments of the principal balance of the Revolving Loan on the day on which such items are deposited into the Collection Account. As compensation for the foregoing arrangement, Borrower will pay to Lender a sum equal to three (3) Banking Days interest on all such deposits at the interest rate for the Revolving Loan. Borrower will reimburse Lender on demand for the amount of any items credited as provided above and subsequently returned unpaid. Lender may terminate the foregoing arrangement upon notice to Borrower.
(c) Borrower agrees that all monies, checks, notes, instruments, drafts or other payments relating to or constituting proceeds of any accounts receivable of Borrower which come into the possession or under the control of Borrower or any employees, agents or other persons acting for or in concert with Borrower, shall be received and held in trust for Lender and such items shall be the sole and exclusive property of Lender. Immediately upon receipt thereof, Borrower and such other persons shall remit the same or cause the same to be remitted, in kind, to Lender. Borrower shall deliver or cause to be delivered to Lender, with appropriate endorsement and assignment to Lender with full recourse to Borrower, all instruments, notes and chattel paper constituting an account receivable. Lender is hereby authorized to open all mail addressed to Borrower and endorse all checks, drafts or other items for payment on behalf of Borrower. Lender is granted a power of attorney by Borrower with full power of substitution to execute on behalf o...
