COLLECTION MANDATE AND CASHING MANDATE. Each of the French Sellers has well-proven administrative structures and methods for the management of its Receivables and the Parties agree that each French Seller should retain control of collection and cashing in respect of its Debtors. Consequently, the Factor accepts to grant each of the French Sellers mandates (mandats) under the terms specified below and subject to compliance by each of the French Sellers with the Credit and Collection Procedures, which form an integral part of the Agreement.
Appears in 3 contracts
Samples: Factoring Agreement (Constellium N.V.), Factoring Agreement (Constellium Holdco B.V.), Factoring Agreement (Constellium Holdco B.V.)
COLLECTION MANDATE AND CASHING MANDATE. Each of the French Sellers has well-proven administrative structures and methods for the management of its Receivables and the Parties agree that each French Seller should retain control of collection and cashing in respect of its Debtors. Consequently, the Factor accepts to grant each of the French Sellers mandates (mandats) under the terms specified below and subject to compliance by each of the French Sellers with the Credit and Collection Procedures, which form an integral part of the Agreement.. 72208170 35
Appears in 1 contract
Samples: Factoring Agreement
