Credit and Collection Sample Clauses
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Credit and Collection. If your account is more than 90 days past due, you will receive a letter stating that you have 20 days to pay your account in full. Partial payments will not be accepted unless otherwise negotiated. Please be aware that if a balance remains unpaid, it may be sent to a collection agency. In the event any amount is referred to a third party debt collection agency, you agree that in addition to any other amount allowed for by law, (such as interest, court costs, reasonable attorney’s fees, etc), you will also be responsible for a collection fee of up to 40% of the principal amount owing as allowed by Utah code Annotated, sec.12-1-11. (initial)
Credit and Collection. If your account is well past due, you may receive a letter stating that you have several weeks to pay your account in full. • Partial payments will not be accepted unless otherwise negotiated. Please be aware that if a balance has remained unpaid, it may be sent to a collection agency. • If an account is sent to collection, our policy to is to discharge the patient and immediate family members from the practice. You would be notified by regular and certified mail that you will have 30 days to find alternative medical care. During that 30-day period our physicians will be able to treat you only on an emergency basis.
Credit and Collection. Unpaid balances may incur a 1.5% monthly charge, and expenses related to collecting unpaid balances will be added to the amount owed.
Credit and Collection. 17.1. Your continuing creditworthiness is of central importance to us. In order for us to analyze and determine your creditworthiness and financial condition, you agree to furnish us with a completed credit application using our forms, your most recent audited financial statements, your most recent internal financial statements, and such other documents as we reasonably request, both before deliveries begin, and also at any time thereafter. Credit determinations will be made by each Distributor.
17.2. If this Agreement was signed prior to receiving completed credit applications from you, then:
(1) the payment terms in the Schedule may be amended by DMA immediately upon notice to you; and (2) this Agreement is not binding upon DMA or the Distributors if DMA notifies you that your credit application has been rejected by one or more Distributors. Either of such notices must be served within 15 days after DMA receives your completed credit applications.
17.3. Any invoices not paid when due shall bear interest at the rate regularly charged on unpaid accounts by the Distributor issuing the invoice, but not in excess of the rate permitted by law.
17.4. We have the right of setoff to apply any money or credit due from you to us, in any claim or action you assert against us.
17.5. If you fail to make a payment when due, we have the right to stop delivery of Products to you if the failure continues for 7 days after service of a notice from us.
17.6. If we have reasonable grounds, in our sole discretion, for insecurity as to your payment or performance, and give you notice specifying the grounds in reasonable detail, we may withhold delivery of Products until we receive adequate assurances of your payment or performance, in such form as we reasonably request. You will have at least 7 days after receipt of the notice to provide the adequate assurances before we cease deliveries.
17.7. If we have reason to believe, in our sole discretion, that you are or are about to become insolvent, we have the right to take any action provided by law, and also the rights, with or without notice, to: (1) withhold delivery of Products; (2) stop delivery of Products in transit; (3) reclaim Products delivered to you while insolvent, as permitted by law; (4) immediately change payment terms to C.O.D., or (5) require a bank standby letter of credit as security.
17.8. If any proceedings are filed by or against you in bankruptcy, or for appointment of a receiver or trustee, or if you make a...
Credit and Collection. If your account is more than 90 days past due, and if a balance has remained unpaid, it may be sent to a collection agency.
Credit and Collection. The Provider shall have control of DOI and commercial conditions update.
Credit and Collection. If your account is more than 90 days past due, you will receive a letter stating that you have 20 days to pay your account in full. Partial payments will not be accepted unless otherwise negotiated. Please be aware that if a balance has remained unpaid, it may be sent to a collection agency. We make every effort to reconcile ac- counts before this occurs.
Credit and Collection. 18.1 The continuing creditworthiness of you and the Franchisees is of central importance to us. In order for us to analyze and determine creditworthiness and financial condition, you agree to furnish us with a completed account application using our forms ("Account Application"), the most recent audited annual financial statements, quarterly statements, the most recent internal financial statements and such other documents as we reasonably request, both before deliveries begin, and also at any time thereafter. Each Franchisee, and any guarantor of any Franchisee, shall also provide the documents. Credit determinations will be made by each Distributor.
18.2 If this Agreement was signed prior to receiving completed Account Applications from you or a Franchisee, then: (1) the payment terms in the Schedule may be amended by DMA immediately upon notice to you or the Franchisee; and (2) this Agreement is not binding upon DMA or the Distributors, with respect to you or the Franchisee, if DMA notifies you or the Franchisee that any Account Application has been rejected by one or more Distributors. Either of such notices must be served within 15 days after each Distributor receives completed Account Applications from you or the Franchisee.
18.3 Any invoices not paid when due shall bear interest at the rate regularly charged on unpaid accounts by the Distributor issuing the invoice, but not in excess of the rate permitted by law.
18.4 If you fail to make a payment when due, we have the right to stop delivery of Products to you if the failure continues for 7 days after service of a notice from us. If any Franchisee fails to make a payment when due, we have the right to stop delivery of the Products immediately upon the failure, with or without notice.
18.5 As provided in the Uniform Commercial Code, if we have reasonable grounds, in our sole discretion, for insecurity as to your (or any Franchisee's) payment or performance (including the obligation to re-purchase Proprietary Products) and give notice specifying the grounds in reasonable detail, we may withhold delivery of Products until we receive adequate assurances of payment or performance, in such form as we reasonably request. You (or the Franchisee) will have at least 7 days after receipt of the notice to provide the adequate assurances before we cease deliveries.
18.6 If we have reason to believe, in our sole discretion, that you (or any Franchisee) are or are about to become insolvent, we have the right to ta...
Credit and Collection. If your account is well past due, you may receive a letter stating that you have several weeks to pay your account in full.
Credit and Collection. Borrowers shall not amend, waive or otherwise permit or agree to any deviation from the terms or conditions of any Account, except in accordance in all material respects with the Credit and Collection Policy. Borrowers shall not make any material change in the Credit and Collection Policy without the prior written consent of Agent.