Credit Control. A person who is designated by the Company to pay outstanding accounts (E.g. Accounts Payable).
Credit Control. 6.1 It is agreed between the parties that the Service Provider will be entitled to disconnect electricity supply in the following instances:
6.1.1 where the consumer/owner fails to sign and complete the Agreement; and/or
6.1.2 where the consumer/owner’s utility invoice payment does not reflect on the Service Provider’s bank statement on or before the payment due date; and/or
6.1.3 where the consumer/owner’s utility payment does not reflect the full amount owing; and/or
6.1.4 non-payment and/or short-payment of the required risk deposit; and/or
6.1.5 in the event of the Service Provider suspecting and/or proving that metering equipment has been tampered with; and/or
Credit Control. 4.1.1 Non-stressed exit principles The Underwriter will, prior to the service end date, undertake an assessment of the future target operating model for the Credit Control function, and determine whether to bring credit control in-house or outsource to an alternative provider (another MGU, DUA, or third-party processor) such that there is no break in credit control activity. If credit control is brought in-house, the Underwriter will exercise its right to hire existing Coverholder staff under the TUPE (or equivalent) procedure in the first instance. The Coverholder will provide reasonable exit assistance to the Underwriter. This includes facilitating access to the Prequel credit control platform (if not exited as part of service termination) and provision of all data, documentation and reporting required to facilitate the exit.
4.1.2 Stressed exit contingency plan principles The Underwriter will exercise its right to hire existing Coverholder credit control staff under the TUPE (or equivalent) procedure and bring credit control systems, documentation and data in-house.
4.1.3 Resources responsible for implementing the contingency plan The Underwriter CFO is responsible for the contingency plan, with involvement of other specialised resource within the finance function as required.
4.1.4 Critical data to be handed over to the Underwriter Outstanding account balances and unreconciled cash reports will be provided by the Coverholder to facilitate monthly reconciliations.
4.1.5 Alternative systems In the event an exit requires the Underwriter to move off the Prequel platform, alternative vendor package policy administration systems with similar Credit Control functionality are available and could be procured in the medium-term. Alternatively, the Coverholder may decide to implement the Oracle Credit Management module within Oracle Fusion Cloud GL.
4.1.6 Alternative third-party support Credit control roles are moderately skilled; roles may be replaced by an outsourced Coverholder, FTCs, or FTEs with a readily available skillset.
Credit Control. The JDI Affiliate in each Territory shall from time to time:
(A) identify Customers;
(B) conduct credit and other similar checks on Customers; and
(C) collect debts and other receivables due to any Unilever Affiliate pursuant to this agreement, in each such case as a Reasonable and Prudent Operator and in a manner consistent with the practices and procedures for such Territory applied by such JDI Affiliate in the carrying out of such matters in relation to the Products in the past PROVIDED THAT the Unilever Affiliate in such Territory may at any time instruct such JDI Affiliate in writing not to extend credit to any particular Customer, AND FURTHER PROVIDED THAT as soon as JDI, or the JDI Affiliate in any Territory, becomes aware of a significant risk of the Historical Benchmark being substantially exceeded in any calendar year either globally or in that Territory, it will:
(i) notify the Unilever Parties or the Unilever Affiliate in that Territory thereof as soon as commercially practicable;
(ii) allow the Unilever Parties, or the Unilever Affiliate in that Territory, full access to the books and records relating to the Customer(s) concerned;
(iii) discuss in good faith with the Unilever Parties, or the Unilever Affiliate in that Territory, the steps which need to be taken to mitigate the risks and minimise potential losses arising from such circumstances; and
(iv) allow the Unilever Parties, or the Unilever Affiliate in that Territory, to take responsibility for collecting any debts outstanding in accordance with clause 19.1(C).
Credit Control. Fortum Markets AB is entitled to make customary credit control upon the signature of the contract and, if necessary, during the term of validity of the contract. Fortum Markets AB reserves the right to cancel the contract in case of insufficient creditworthiness or to claim acceptable collateral or deposit for continued sale.
Credit Control. Concero reserves the right to run a credit check with a relevant credit agency before giving a Customer credit, and to validate any credit card account holder or delivery address details.
Credit Control. 5.1 It is agreed between the parties that the Service Provider will be entitled to disconnect electricity/water supply in the following instances:
5.1.1 where the consumer/owner fails to sign and complete the Agreement; and/or
5.1.2 non-payment and/or short-payment of the required risk deposit.
5.2 Reconnections of utilities will only be carried out during business hours, and may take up to 48 business hours after payment has been received by the Service Provider.
5.3 A consumer/owner who fails to make timely payments as per their monthly utility usages, accepts that they may be listed with the National Credit Bureau. An administration fee will be charged for the listing procedure, for which the consumer/owner will be liable for.
Credit Control. Setting up and implementing procedures for credit control.
Credit Control. Without prejudice to Section 18(b), (i) if SPANSION fails to pay any payment due hereunder under this Agreement (including the applicable Statement of Work), Supplier may give SPANSION a no less than fifteen (15) business days’ notice to pay such payment overdue. If SPANSION fails to make such payment overdue within the above period of notice and the aggregate sum of the outstanding payments payable by SPANSION to Supplier under this Agreement (including the applicable Statement of Work) has exceeded the aggregate sum of the payments paid by SPANSION to Supplier under this Agreement (including the applicable Statement of Work) in the preceding ****, Supplier may suspend the Services until all payments overdue have been duly made, provided that, a suspension effected by Supplier in accordance with this Section 18(f) shall not, in any circumstances, relieve SPANSION of its obligations under this Agreement (including the applicable Statement of Work) or suspend its obligation to pay under this Agreement (including the applicable Statement of Work); and (ii) if SPANSION fails to pay any payment due, under this Agreement (including the applicable Statement of Work), for a period of sixty (60) days or more after suspension of the Services in accordance with this Section 18(f), Supplier may, upon giving five (5) business days’ notice, terminate this Agreement and/or the applicable Statement of Work, provided, that, the notice terminating this Agreement and/or the applicable Statement of Work specifies that the termination shall not be effective if SPANSION makes full payment within such five (5) business day’s notice period.
Credit Control. Reseller is solely responsible for the payment of the Fees to HackTheBox and for all collection efforts related to payments from a Subscriber to Reseller. Reseller will be responsible for such matters as credit verification, deposits, billing, collection, bad debts etc.
