DEBOARDING OF CONTRACTS Sample Clauses

DEBOARDING OF CONTRACTS. (a) The Servicer shall Deboxxx xxx Contract that becomes subject to a Total Reduction Event within thirty (30) days after the end of the calendar month in which the Total Reduction Event occurs. In addition, the Owner may deliver to the Servicer, not less than fifteen (15) days' prior to the requested Deboarding Date, a Deboarding Notice requesting that the Servicer Deboxxx xxx or all Deficiency Balance Receivables being serviced hereunder. In such event, the Owner shall provide to the Servicer with the Deboarding Notice a schedule of the Deficiency Balance Receivables it desires to be Deboarded. (b) Except as otherwise provided in this Section 6.10, upon receipt of a Deboarding Notice, the Servicer shall take the steps necessary to transfer to the Owner (or such other Person in accordance with the Owner's written instructions) the serviced property related to each Contract identified on the Deboarding Notice by the Deboarding Date, including the electronic records (Electronic Contract Information) in such electronic form as may be reasonably provided by the Servicer, and all money collected and held by the Servicer. The Servicer shall continue to provide the services contemplated by this Agreement up to the Deboarding Date on all such Contracts to be Deboarded. The Servicer may, at its option, after completion of the Deboarding Process, retain the electronic records related to such Contracts on the Servicer's System. Any documents or moneys received by the Servicer on or after the Deboarding Date shall be mailed (or, if so requested by the Owner, wire-transferred) to the Owner within two (2) Business Days after receipt. The Servicer shall have no obligation, on or after the Deboarding Date, to provide the services described in this Article VI with respect to any Contract for which the Deboarding Process has been completed, except as specifically set forth in Sections 6.9 and 6.11 of this Agreement. In connection with any Deboarding of all Contracts pursuant to this Section 6.10, the Servicer shall comply with Section 11.2 of this Agreement.
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Related to DEBOARDING OF CONTRACTS

  • Grouping of contracts To the extent practicable, contracts for goods shall be grouped in bid packages estimated to cost $100,000 equivalent or more each.

  • Expectations Regarding Advance Notices Within ten (10) days after the commencement of each calendar quarter occurring subsequent to the commencement of the Commitment Period, the Company must notify the Investor, in writing, as to its reasonable expectations as to the dollar amount it intends to raise during such calendar quarter, if any, through the issuance of Advance Notices. Such notification shall constitute only the Company's good faith estimate and shall in no way obligate the Company to raise such amount, or any amount, or otherwise limit its ability to deliver Advance Notices. The failure by the Company to comply with this provision can be cured by the Company's notifying the Investor, in writing, at any time as to its reasonable expectations with respect to the current calendar quarter.

  • Performance and Compliance with Contracts and Credit and Collection Policy The Seller shall (and shall cause the Servicer to), at its expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and timely and fully comply in all material respects with the applicable Credit and Collection Policies with regard to each Receivable and the related Contract.

  • Compliance with Contracts and Credit and Collection Policy Originator will timely and fully (i) perform and comply with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and (ii) comply in all respects with the Credit and Collection Policy in regard to each Receivable and the related Contract.

  • Administration and Servicing of Contracts 43 SECTION 3.01

  • Modifications to Contracts and Credit and Collection Policy Such Seller Party will not make any change to the Credit and Collection Policy that could adversely affect the collectability of the Receivables or decrease the credit quality of any newly created Receivables. Except as provided in Section 8.2(d), Servicer will not extend, amend or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy.

  • Signing of Contract 46.1 Upon the expiry of the fourteen days of the Notification of Intention to enter into contract and upon the parties meeting their respective statutory requirements, the Procuring Entity shall send the successful Tenderer the Contract Agreement. 46.2 Within fourteen (14) days of receipt of the Contract Agreement, the successful Tenderer shall sign, date, and return it to the Procuring Entity. 46.3 The written contract shall be entered into within the period specified in the notification of award and before expiry of the tender validity period.

  • Printing of Contract Each party agrees to assume the responsibility and associated costs of printing of their contract, unless the parties mutually agree to do otherwise.

  • TIME OF CONTRACT This Contract shall commence on , and shall terminate on . Certificate(s) of Insurance must be current on day Contract commences and if scheduled to lapse prior to termination date, must be automatically updated before final payment may be made to Contractor. The final invoice must be submitted within 30 days of completion of the stated scope of services.

  • Status of Contracts Except as set forth in Schedule 5.17, each of the Seller Agreements constitutes a valid and binding obligation of the parties thereto and is in full force and effect and (except for those Seller Agreements which by their terms will expire prior to the Closing Date or are otherwise terminated prior to the Closing Date in accordance with the provisions hereof) may be transferred to Buyer pursuant to this Agreement and will continue in full force and effect thereafter, in each case without breaching the terms thereof or resulting in the forfeiture or impairment of any rights thereunder and without the consent, approval or act of, or the making of any filing with, any other party. Each Seller Party has fulfilled and performed in all material respects its obligations under each of the Seller Agreements, and each Seller Party is not in, or alleged to be in, material breach or default under, nor to the Knowledge of Seller is there or is there alleged to be any basis for termination of, any of the Seller Agreements. To the Knowledge of Seller, (i) no other party to any of the Seller Agreements has materially breached or defaulted thereunder, and (ii) no event has occurred and no condition or state of facts exists which, with the passage of time or the giving of notice or both, would constitute such a default or breach by any Seller Party or by any such other party. No Seller Party is currently renegotiating any of the Seller Agreements or paying liquidated damages in lieu of performance thereunder. Complete and correct copies of each of the Seller Agreements have heretofore been made available to Buyer by Seller.

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