No Collection Clause Samples
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No Collection. You acknowledge that:
a. we are not a collection agent;
b. we are not responsible for collecting Payments nor are we liable if a Customer fails to pay any amounts due to you;
c. we are not obliged to do anything to recover outstanding Payments, participate in or resolve any dispute between you and a Customer or levy any charges that you may wish to impose on a Customer;
d. this agreement does not alter your relationship with your Customer; and
e. this agreement does not oblige us to deal with your Customers except to the extent necessary to assist in the receiving of Payments from them.
No Collection. The Creditor shall forever refrain from attempting to collect or enforce any of the amount was settled in this agreement, including, without limitation, by commencing, instituting or prosecuting any lawsuit, action or proceeding whether judicial, administrative or otherwise.
No Collection. Notwithstanding any provision of Section 3 of this Note, the License Agreement or otherwise, no suit may be brought to collect this Note or for payment of the License Fee; instead, Noteholder shall only be able, and its exclusive remedy for any default under this Note or the failure to pay the License Fee shall be to apply the entire amount due hereunder to payment for the Common Stock of the Issuer pursuant to the terms of that certain Warrant Agreement of even date herewith by and between the Issuer and the Noteholder.
No Collection. You acknowledge and agree that:
a. we are not a collection agent;
b. we are not responsible for collecting rent or liable if a customer fails to pay rent due to you or your principal;
c. we are not obliged to do anything to recover outstanding rent, participate in or resolve any dispute between you and a customer or levy any charges that you may wish to impose on a tenant;
d. this agreement does not alter your relationship with the customer in any way other than by nominating us a the recipient of money that is otherwise payable directly to you by the customer; and
e. this agreement does not oblige us to deal with customers except to the extent necessary to receive payments from them.
No Collection. No Charge
10. This agreement shall be effective as of the date shown and continue in effect until terminated as hereinafter provided. Either party may terminate this Agreement with a thirty (30) day written notice. If Principal should request their accounts be returned, agent shall return all accounts not in the actual process of collection along with any related documentation to the address specified by Principal within thirty (30) days. Agent shall have the right to receive commission on any amounts collected because of its efforts.
11. Electronically transmitted signatures, including but not limited to facsimile and email, shall be deemed as and the equivalent to an original signature.
No Collection. No Charge