Collection Mandate Sample Clauses

Collection Mandate. Each of the French Sellers is appointed by the Factor as its agent (mandataire) to carry out collection (recouvrement) of Transferred Receivables (the “Collection Mandate”).
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Collection Mandate. As soon as a Payment Instruction has been delivered, any principal amount, interest or other moneys or property hereby pledged which may be received by the Pledgor shall be held in the name and for the account of the Pledgee and paid or delivered to the Pledgee, as soon as reasonably practicable, for application against the Secured Obligations.
Sample 1
Collection Mandate. 10.2.1 - Determination of the mandate With respect to its clientele, the customer wishes to continue to manage the invoices transferred under this factoring contract. Given the customer’s internal accounting organization and its collection methods as resulting from the customer’s internal procedures with respect to this contract, NATIXIS FACTOR agrees to assign collection operations for the transferred invoices to the customer. The customer shall act as NATIXIS FACTOR’s representative subject to the conditions set forth below. These mandates, stipulated in the common interest of both parties, shall not generate any remuneration or expenses for the customer, but neither shall they be free of charge, due primarily to the commercial interest that the customer applies to its purchaser portfolio and to the economics of the agreement. The customer is obligated to execute these mandates as a prudent, diligent, and well informed representative.
Sample 1
Collection Mandate. The Originator is appointed by the AR Facility Provider as its agent for the purpose of collecting assigned receivables. For each receivable, and unless article 18-7 below applies, the Collection Mandate shall expire 60 calendar days after the maturity date of such receivable, due to the restitution of the receivable to the Originator in accordance with article 19.4.
Sample 1
Collection Mandate. As soon as a Third Party Notice and/or a Later Bank Notice has/have been delivered, any principal amount, interest or other moneys or property hereby pledged which may be received by the Pledgor shall be held in the name and for the account of the Pledgee and paid or delivered to the Pledgee for application against the Secured Liabilities. In the absence of any Secured Liabilities then due and payable, the Pledgee may, at its sole discretion, either refund the amount of such paid Receivables to the Pledgor, or hold such amount as collateral for the Secured Liabilities, provided in the latter case that interest will accrue in favour of the Pledgor.
Sample 1
Collection Mandate. The Company is appointed by the Factor as its agent (mandataire) to carry out collection (recouvrement) of Transferred Receivables (the “Collection Mandate”). In that respect, the Company shall be responsible for sending originals of the invoices to its Debtors.
Sample 1

Related to Collection Mandate

  • Data Collection, Processing and Usage The Company collects, processes and uses the International Participant’s personal data, including the International Participant’s name, home address, email address, and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any shares of Common Stock or directorships held in the Company, and details of all Equity Awards or any other equity compensation awards granted, canceled, exercised, vested, or outstanding in the International Participant’s favor, which the Company receives from the International Participant or the Employer. In granting the Equity Award under the Plan, the Company will collect the International Participant’s personal data for purposes of allocating shares of Common Stock and implementing, administering and managing the Plan. The Company’s legal basis for the collection, processing and usage of the International Participant’s personal data is the International Participant’s consent.

  • Collections Payment Processing Remittance (a) Collection Efforts, Policies, Procedures.

  • Billing and Collection The Originating party shall xxxx and collect such information service charges and shall remit the amounts collected to the Terminating Party less:

  • Endorsement and Collection of Checks, Etc The Custodian is hereby authorized to endorse and collect all checks, drafts or other orders for the payment of money received by the Custodian for the account of a Portfolio.

  • Collections All collections of monies or other property in respect, or which are to become part, of the Property (but not the safekeeping thereof upon receipt by PFPC Trust) shall be at the sole risk of the Fund. If payment is not received by PFPC Trust within a reasonable time after proper demands have been made, PFPC Trust shall notify the Fund in writing, including copies of all demand letters, any written responses and memoranda of all oral responses and shall await instructions from the Fund. PFPC Trust shall not be obliged to take legal action for collection unless and until reasonably indemnified to its satisfaction. PFPC Trust shall also notify the Fund as soon as reasonably practicable whenever income due on securities is not collected in due course and shall provide the Fund with periodic status reports of such income collected after a reasonable time.

  • Direction to Account Debtors; Contracting Parties; etc Upon the occurrence and during the continuance of an Event of Default, if the Collateral Agent so directs (acting on the instructions of the requisite percentage of Holders in accordance with the Indenture) any Assignor, such Assignor agrees (x) to cause all payments on account of the Accounts and Contracts to be made directly to the Cash Collateral Account, (y) that the Collateral Agent may, but has no obligation to, directly notify the obligors with respect to any Accounts and/or under any Contracts to make payments with respect thereto as provided in the preceding clause (x), and (z) that the Collateral Agent may enforce collection of any such Accounts and Contracts and may adjust, settle or compromise the amount of payment thereof, in the same manner and to the same extent as such Assignor. Without notice to or assent by any Assignor, the Collateral Agent may, upon the occurrence and during the continuance of an Event of Default, apply any or all amounts then in, or thereafter deposited in, the Cash Collateral Account toward the payment of the Secured Obligations in the manner provided in Section 7.4 of this Agreement. The reasonable costs and expenses of collection (including reasonable attorneys’ fees), whether incurred by an Assignor or the Collateral Agent, shall be borne solely by the relevant Assignor. The Collateral Agent shall deliver a copy of each notice referred to in the preceding clause (y) to the relevant Assignor, provided that (x) the failure by the Collateral Agent to so notify such Assignor shall not affect the effectiveness of such notice or the other rights of the Collateral Agent created by this Section 3.3 and (y) no such notice shall be required if an Event of Default of the type described in Section 7.01(i) or (j) of the Indenture has occurred and is continuing.

  • Remittance Processing Services In order to provide a means of collection of the Receivables which will allow the Trustee to receive the proceeds of the Receivables and related security without AmeriCredit or its Affiliates having access to the funds, the parties hereto agree for the benefit of the Trustee that the processing services (the “Service(s)”) of Processor will be used for the collection and the deposit of remittances related to the Receivables and related security.

  • Collection Procedures (a) On or before the Closing Date, the Seller and the Purchaser shall have established and shall maintain thereafter the system of collecting and processing Collections of Receivables in accordance with Section 2.02 of the Servicing Agreement.

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