Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit created by the Loan Documents by charging Borrower’s deposit account number 4121261853 with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.
Collection of Payments. Borrower authorizes Bank to collect all interest, fees, costs, and/or expenses due under this Agreement by charging Borrower's demand deposit account number 00-000-000 with Bank, or any other demand deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such demand deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.
Collection of Payments. Servicer will act as agent for Payee and/or Payor for the limited purpose of accepting, recording, and distributing payments detailed in this Agreement. Servicer will accept all payments made by Payor before or after the payment due date unless the Servicer has received appropriate evidence from Payee stating that Notice according to the Documents Deposited has been given to the Payor starting forfeiture, foreclosure, or other legal action against Payor. Payments will not be processed on Saturdays, Sundays, and posted Servicer holidays. Servicer shall not be responsible for delays due to Acts of God or other causes outside the control of Servicer. Unless otherwise instructed or required by applicable law, payments will be applied in the following order, 1) servicing fees,
Collection of Payments. (a) For the purposes of collecting amounts due from any Borrower under a Mortgage Loan, where such Borrower makes a Monthly Payment by way of Direct Debit the Administrator will, unless otherwise agreed in writing with the Beneficiaries:
(i) act as collecting agent for the Beneficiaries under the Direct Debiting Scheme;
(ii) comply with the obligations on its part set out in the Bank Account Agreement including, without limitation, the specific provisions relating to the collection of monies set out in Clause 4 of the Bank Account Agreement;
(iii) comply in all material respects with the requirements from time to time of the Direct Debiting Scheme; and;
(iv) using its reasonable endeavours, credit any Monthly Payment made by a Borrower by way of Direct Debit to the relevant Collection Account within one (1) London Business Day of receipt (and in any event within three (3) London Business Days of such receipt) into the relevant Collection Account.
(b) The Administrator may agree with a Borrower that the Direct Debiting Scheme shall not apply to Monthly Payments to be made by such Borrower, provided that (i) alternative payment arrangements are made which are intended to ensure the timely making of Monthly Payments due from the Borrower to the Mortgages Trustee, and (ii) the change in arrangements was made at the instigation of the Borrower or by the Administrator in accordance with the procedures which would be adopted by a reasonable and prudent mortgage lender. The Administrator shall, using its reasonable endeavours, credit Monthly Payments made by a Borrower under an alternative payment arrangement as follows to the relevant Collection Account:
(i) by standing order, by close of business on the second (2nd) London Business Day following the day on which such amount is received or credited by the Administrator;
(ii) by payment of cash, transfer payment from another account of the Seller or check where reference to the relevant Borrower is provided or payments made by way of paying-in book, by close of business on the London Business Day which immediately follows the day on which such amount is received or credited by the Administrator; and
(iii) in the case of any payment by check where a reference to the relevant Borrower is not provided, by close of business on the next London Business Day after notification from the Operating Banks of the identity of the Borrower;
(c) provided however, that in any event the Administrator shall credit Monthly Payments ...
Collection of Payments. Except to the extent expressly specified otherwise in any Loan Document other than this Agreement, Borrower authorizes Bank to collect all amounts due to Bank from Borrower under this Agreement or any other Loan Document (whether for principal, interest or fees, or as reimbursement of drafts paid or other payments made by Bank under any credit subject to this Agreement) by debiting any deposit account maintained by Borrower with Bank for the full amount thereof. Should there be insufficient funds in Borrower's deposit accounts with Bank to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.
Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any 2012-A Lease, except that if, after the 2012-A Cutoff Date, the Servicer grants an extension with respect to any 2012-A Lease which extends its related Maturity Date to a date later than the Payment Date occurring six months prior to the Final Scheduled Payment Date of the Class A-4 Notes, the Servicer shall deposit into the 2012-A Exchange Note Collection Account an amount equal to the related Repurchase Payment and will reallocate such 2012-A Lease and the related 2012-A Vehicle to the Revolving Facility Pool in accordance with Section 3.05 except, in either case, to the extent that any such extension is required by Applicable Law.
Collection of Payments. Payments related to interconnection of generating facilities to the CAISO Controlled Grid shall be processed in accordance with the provisions of the CAISO Tariff. With regard to payments related to interconnection of transmission facilities or load to the CAISO Controlled Grid, the Participating TO shall collect all payments owed under any interconnection study agreement or other agreement entered into pursuant to this Section 10.3 or the provisions of the CAISO Tariff and its TO Tariff as applicable relating to such interconnection.
Collection of Payments. Only the initial purchase payments for the Contracts shall be collected by Representatives of Broker. All such purchase payments shall be remitted promptly in full (and in no event later than the time permitted under Applicable Law) together with any related application, forms and any other required documentation to Principal Underwriter or the appropriate Affiliate. The Broker shall make such remittances in accordance with any and all policies and procedures described in the Contract, prospectus, if appropriate, or as otherwise adopted by Principal Underwriter and its Affiliates.
Collection of Payments. Borrower authorizes Bank to collect all principal, interest and fees due under each credit subject hereto by charging Borrower’s deposit account number ______________ with Bank, or any other deposit account maintained by Borrower with Bank, for the full amount thereof. Should there be insufficient funds in any such deposit account to pay all such sums when due, the full amount of such deficiency shall be immediately due and payable by Borrower.”
Collection of Payments. The Servicer may grant extensions, waivers, rebates, modifications or adjustments with respect to any Collateral Lease, except that if (a) after the Cutoff Date, the Servicer modifies the amount of the Base Payment due with respect to any Lease or (b) after the Cutoff Date, the Servicer grants a Payment Extension or Term Extension that extends any Lease past the Final Scheduled Payment Date for the most junior Class of Notes, the Servicer will reallocate such Lease and the related Leased Vehicle to the Revolving Facility Pool in accordance with Section 3.5, except, in either case, to the extent that any such modification is required by law or court order.
