Ordinary Collection. (a) As from the revocation of the Mandates and as long as it remains the owner of the Transferred Receivables, the Factor (or its agent, as the case may be) shall have the exclusive right to manage the collection and recovery thereof. It shall manage the relevant accounts, grant or refuse any postponements, extensions or arrangements, with or without discounts, as may be requested by the Debtors. Subject to actual collection, the Factor (or its agent, as the case may be) shall credit payments to the Asset Account.
Appears in 4 contracts
Samples: Factoring Agreement, Factoring Agreement (Constellium N.V.), Factoring Agreement (Constellium Holdco B.V.)
