Collections and Payments Sample Clauses

Collections and Payments. Except as otherwise provided in this Assignment Agreement, the Assignor will cause any Collections received by it to be deposited in the Collection Account no later than the Business Day following the receipt and identification of proceeds.

Collections and Payments. Except as otherwise provided in this Agreement, the Originator will cause any Collections received by it to be deposited in the Collection Account no later than the Business Day following the receipt and identification of proceeds.

Collections and Payments. (i) From and after the Closing Date, the Seller hereby constitutes and appoints Airgas, its successors and assigns, the true and lawful attorneys of the Seller with full power of substitution, in the name of the Seller or otherwise, and on behalf of and for the benefit of Airgas, to demand and receive from time to time any and all Accounts Receivable, to give receipts, releases or acquittances for or in respect of the same or any part thereof; to collect, for the account of Airgas, all Accounts Receivable transferred to Airgas as provided herein, and to endorse with the name of the Seller any check received on account of any Accounts Receivable transferred to Airgas; from time to time to institute and prosecute in the name of the Seller or otherwise any and all proceedings at law, in equity or otherwise, which Airgas, its successors and assigns, may deem proper to collect, assert or enforce any claim, right, title, debt or account hereby assigned or transferred with respect to the Accounts Receivable; and to take any action necessary to effect the transfer to Airgas of full legal title in and beneficial ownership of any of the Accounts Receivable. The Seller declares that the foregoing powers are coupled with an interest and shall not be revocable by it except as set forth in Section 7.9(a)(ii). (ii) Airgas shall exercise at least the level of care and diligence with respect to the collection of the Accounts Receivable as Airgas exercises with respect to its own receivables. Any amounts received by Airgas or NWS from any customer for whom Accounts Receivable have been transferred to Airgas in connection with the transactions contemplated by this Agreement shall be applied first to the oldest outstanding invoice for such customer. Airgas shall have the right to require, by written notice delivered to the Seller no later than 85 days following the Closing Date, that the Seller pay to Airgas on the 90th day following the Closing Date the amount of any outstanding Accounts Receivable specified in such notice that have not been collected by Airgas as of such date, minus $300,000. Upon payment of such amount by the Seller, Airgas shall transfer to the Seller all of Airgas' right, title and interest in and to any such remaining outstanding Accounts Receivable (including any security or collateral associated therewith) and shall thereafter use commercially reasonable efforts to cooperate with the Seller in connection with the collection of such Accounts Receivable...

Collections and Payments. Management Services Provider shall, on behalf of Professional Entity, xxxx patients and collect the professional fees for Clinical Dental Care rendered on behalf of Professional Entity as follows: 1. The Management Services Provider shall deposit into one or more bank accounts chosen by Professional Entity in Professional Entity’s name, all funds, fees and revenues generated from Clinical Dental Care. All funds in the designated bank accounts shall be the property of the Professional Entity, and the Professional Entity shall have the right to access all funds in those accounts at any time. 2. Management Services Provider is authorized to: (i) pay all costs and expenses incurred by Professional Entity, and (ii) pay itself its Management Fee after the payments of other costs and expenses. After payment of the costs and expenses and of its Management Fee, Management Services Provider shall be required to return or distribute to the Professional Entity any amount remaining thereafter at least monthly or more frequently if required by law. 3. All xxxxxxxx for Clinical Dental Care or other professional services rendered on behalf of Professional Entity shall be made by Management Services Provider in the name of the Professional Entity or in the name of the Owner(s) or the Dentist Employees. Management Services Provider shall render or cause its designee to render such xxxxxxxx in a timely and accurate manner. 4. The Management Services Provider shall deliver to Professional Entity, no later than the [insert date] of each month, a full accounting of all xxxxxxxx and collections for the prior calendar month and all funds collected by Management Services Provider for services of Professional Entity. 5. Professional Entity shall inform Management Services Provider of all amounts collected by Professional Entity resulting from Clinical Dental Care or other professional services performed during the term of this Agreement. 6. Professional Entity shall: (i) cooperate with Management Services Provider or its designee in billing and collection activities; (ii) provide all information necessary to xxxx and collect for all Professional Entity * This is an example management services agreement that the Dental Board has reviewed and deemed compliant with the Dental Laws, as defined herein. Other agreements, or variations of provisions herein, also may be compliant. However, if provisions of this example agreement are excerpted and incorporated in an agreement with provision...

Collections and Payments. Buyer agrees to collect, on behalf of Seller, using commercially reasonable efforts, the Commission Receivables and to pay, on behalf of Seller, solely from the collection of Commission Receivables, the Commission Payables. Seller shall cooperate with Buyer in the collection of the Commission Receivables; provided, however, that Seller may not initiate litigation, settle or compromise any account or pursue a collection action in respect of a disputed Commission Receivable, without the written consent of Buyer, such consent not to be unreasonably withheld, conditioned or delayed. Seller shall promptly remit to Buyer, for the purposes of netting Commission Receivables and Commission Payables, any proceeds of any of the Commission Receivables realized after the Closing by Seller. Buyer may not settle or compromise any Commission Receivables or any obligations, expenses or costs related, arising under, or otherwise payable in connection with the Commission Receivables, including, without limitation, costs of collection and commissions and obligations to brokers, without the consent of Seller, such consent not to be unreasonably withheld, delayed or conditioned. Buyer may, upon notice to Seller, decline to pursue collection of any Commission Receivables and, in that event, shall not pay the Commission Payables related thereto, but Buyer shall instead assign, without recourse, any right, title and interest in such Commission Receivables to Seller, and Seller may use its reasonable efforts to collect such Commission Receivables and shall be obligated to pay the Commission Payables related thereto. Seller hereby agrees to indemnify, defend and hold Buyer and its Affiliates harmless from and against any Tax liability incurred in connection with the collection, pursuant to this Section 2.5.3, by Buyer and Affiliates of the Commission Receivables and payment of the Commission Payables on behalf of Seller.

Collections and Payments. Subject to the prorations to be made pursuant to this Section 8 , after the Closing Buyer shall collect all revenues and pay all expenses with respect to the Property, even if such revenues and expenses relate to periods before the Closing; provided, however, if any Tenant sends payments to Seller after the Closing, Seller shall deposit such payments to its bank account, and promptly after such payment has cleared, pay to Buyer any portion of such payment to which Buyer is entitled under the provisions of this Section 8 . Buyer shall use reasonable efforts consistent with prudent business practices (but shall not be required to initiate legal proceedings and/or to evict any Tenant) to collect rents or other amounts payable under the Leases that were delinquent as of the Closing Date or that relate to a period before the Closing. To the extent such delinquent rents and other amounts are collected by Buyer, Buyer may deduct from the amount owed to Seller an amount equal to the out-of-pocket third-party collection costs (including attorneys’ fees and costs) actually incurred by Buyer in collecting such rents and other amounts due to Seller. Subject to the foregoing sentence, any rent or other payment collected after the Closing from any Tenant which owed rent that was delinquent as of the Closing Date or that relates to any period prior to the Closing Date shall be applied first, to such Tenant’s unpaid monetary obligations under the applicable Lease with respect to any periods from the Closing Date through the end of the month in which such payment is made, in such order as Buyer may elect, until such monetary obligations have been paid in full; any remaining amount of such payment shall be paid over to Seller, for application against such Tenant’s unpaid monetary obligations under the applicable Lease with respect to any periods before the Closing Date, in such order as Seller may elect, until such unpaid monetary obligations have been paid in full; and any remaining amount of such payment shall be retained by Buyer for application against such Tenant’s future obligations under the applicable Lease.

Collections and Payments. 10 Section 5.01. Collection and Priorities for Distribution of Gross Revenues 10 Section 5.02. Timing of Payments 10 Section 5.03. Credits and Collections 11 Section 5.04. Depositories for Funds 11 Section 5.05. Impositions 11 ARTICLE VI ACCOUNTING; FINANCIAL STATEMENTS; AUDIT 11 Section 6.01. Accounting 11 Section 6.02. Financial Statements and Reports 11 Section 6.03. Audit Rights. 12

Collections and Payments. This Agreement provides for the purchase by and assignment to Processor of Card Sales, the indebtedness thereunder and all Merchant’s rights connected therewith, including the right to collect the same and retain the proceeds. Merchant agrees to pay any third party costs incurred by Processor in collecting Card Sales. Merchant shall not receive any payment from Cardholder for xxxxxxx¬dise or services included on a Card Sale. (a) Processor shall have the sole right to receive payment on all Card Sales purchased by Processor hereunder. (b) Merchant agrees not to xxx or make any collection thereon, except as may be specifically authorized by Processor. In the event of such authorization, Merchant agrees to hold all collections in trust for Processor and deliver the same in full immediately upon receipt.

Collections and Payments after the Distri bution Date. Except as may be explicitly provided in this Agreement and the Other Agreements, any cash re ceipts arising out of or relating to the assets, Liabili ties or operations of the Company or its past or present Subsidiaries received on or after the Distribution Date shall be retained by the Company and such Subsidiaries and any Liabilities or obligations, other than any Lia bilities or obligations relating to LJSC and arising on or prior to the Distribution Date, arising out of, relat ing to or asserted on the basis of the assets, Liabil ities or operations of the Company or its past or present Subsidiaries due and unpaid on and after the Distribution Date or incurred on and after the Distribution Date shall be payable by the Company and such Subsidiaries. The Company and CFI shall settle all payments received from account debtors of either of them to the effect that amounts properly owing to the Company are received by the Company and amounts properly owing to CFI are received by CFI, with such settlements to occur by wire transfer (a) daily, for the three-month period beginning on the Dis tribution Date and (b) weekly, thereafter.

Collections and Payments. The Board shall have the obligation to assure that the President accounts for all transactions on the Transmission System and other activities of the Company; submits bills for such transactions; pays the expenses of operation of the Company; collects monies for transmission service from customers solely as agent for Owners or their designee(s) in accordance with the Transmission Tariff; and distributes monies to the Owners or their designee(s) in accordance with this Agreement, any associated agreements referred to in this Agreement, and the Transmission Tariff.