Collections and Remittances. Whenever Letter of Credit Issuing Bank receives any payment, interest reimbursement, collection, recovery, setoff, counterclaim or banker’s lien on account of a Letter of Credit, whether from a Letter of Credit Account Party, the Collateral, or otherwise, it shall allocate such receipt as follows:
Collections and Remittances. Whenever Chase receives any payment, interest reimbursement, collection, recovery, setoff, counterclaim or banker's lien on account of a Letter of Credit whether from the Borrower, the Collateral, or otherwise, it shall allocate such receipt as follows:
Collections and Remittances. Whenever CITBC receives any payment, interest, reimbursement, collection, or recovery on account of a Letter of Credit Guaranty whether from Borrower, the Collateral, or otherwise, it shall allocate such receipts between each Lender and CITBC pro rata, with each such Lender's percentage of the principal amount based on its Share.
Collections and Remittances. Writing Agent is not authorized to collect any premiums except for the initial premium. All monies received or collected by Writing Agent for Ameritas shall be made payable to Ameritas and Writing Agent shall immediately remit directly to Ameritas all moneys received or collected on behalf of Ameritas. Writing Agent is not authorized to endorse or cash checks, drafts, money orders or financial instruments made payable to Ameritas. Writing Agent is not authorized to commingle Ameritas funds, including gross premiums on business produced by Writing Agent, with any other funds.
Collections and Remittances. Borrower will notify all Obligors of all Accounts that payments and remittances are to be made directly to Lender or as otherwise directed by Lender. Such notification shall take the form of remittance instructions on all invoices that direct payments to Lender’s address or a Deposit Account under Lender’s control (a “Controlled Account”). Borrower will cooperate with Lender by providing Lender with access to any vendor portal utilized by Borrower and computer or on-line screen access to Borrower’s Deposit Accounts (to the extent the depository banks have operational capability) and by executing and delivering to Lender such instructions to Obligors and other documentation necessary to effectuate such payment notification to all Obligors. Funds received in the Controlled Account that are available for application to the outstanding balance of the Credit Facility as determined by Lender shall be applied toward re-payment of the Credit Facility daily on each Business Day. For interest calculation purposes, funds received for application to the Obligations shall be subject to a two (2) Business Day clearance period from the date of receipt.
Collections and Remittances. After the Closing, if Seller or any of its Affiliates receive any collection, proceeds, refund or other amount which is a Transferred Asset or is otherwise properly due and owing to Buyer in accordance with the terms of this Agreement, Seller promptly shall remit or shall cause to be remitted, such amount to Buyer at the address set forth in Section 11.02. After the Closing, if Buyer or any of its Affiliates receive any collection, proceeds, refund or other amount which is an Excluded Asset or is otherwise properly due and owing to Seller in accordance with the terms of this Agreement, Buyer promptly shall remit or shall cause to be remitted, such amount to Seller at the address set forth in Section 11.02. After the Closing, if Buyer or any of its Affiliates receive any collection, proceeds, refund or other amount which is related to claims (including workers’ compensation), litigation, insurance or other matters for which Seller is responsible hereunder, and which amount is not a Transferred Asset, or is otherwise properly due and owing to Seller in accordance with the terms of this Agreement, Buyer promptly shall remit, or cause to be remitted, such amount to Seller at the address set forth in Section 11.02. After the Closing, if Seller or any of its Affiliates receive any collection, proceeds, refund or other amount which is related to claims (including workers’ compensation), litigation, insurance or other matters for which Buyer is responsible hereunder, and which amount is not an Excluded Asset, or is otherwise properly due and owing to Buyer in accordance with the terms of this Agreement, Seller promptly shall remit, or cause to be remitted, such amount to Buyer at the address set forth in Section 11.02. In lieu of remitting payment, each of Seller and Buyer may set off any amounts otherwise required to be remitted to the other party pursuant to this Section 5.09 against any amounts owed to such party or any of its Affiliates by the other party or any of its Affiliates pursuant to this Agreement or the transactions contemplated hereby.
Collections and Remittances. The Producer shall immediately remit to the Company all monies received or collected by the Producer on behalf of the Company. The Producer shall not use any such monies for any other purpose whatsoever.
Collections and Remittances. Each party will promptly forward to the other applicable party any revenue or other amount (and related documentation) which is received by such party (or any of its Subsidiaries) and to which such other applicable party is entitled pursuant to this Agreement, including any revenues received by Buyer or any of its Subsidiaries (including the Transferred Subsidiaries) that are Pre-Closing Attributable and any revenues received by any Asset Seller or any of their respective Subsidiaries that are Post-Closing Attributable. Each party will promptly provide the other applicable party with copies of any invoices received by it to be paid in whole or in part by the other party pursuant to this Agreement. The responsible party shall promptly pay (or contest in good faith) such invoices.
Collections and Remittances. Borrower will notify all customers, including, without limitation, all Obligors of all Accounts that payments and remittances are to be made directly to Lender or as otherwise directed by Lender. Such notification shall take the form of remittance instructions on all invoices that direct payments to Lender's address or a Deposit Account under Lender's Control (a "
Collections and Remittances. (a) Servicer shall segregate on its records the various funds payable to Owners hereunder.
