Payments and Collection Sample Clauses

Payments and Collection. Any payments with respect to or other proceeds of Collateral received by Debtor shall be held by Debtor in trust for Secured Party in the same form in which received, shall not be commingled with any assets of Debtor, and shall be delivered into the possession of Secured Party not later than the next business day following the day of receipt. All payments with respect to and other proceeds of Collateral received by Secured Party directly or from Debtor shall be applied to the Secured Obligations in such order and manner and at such time as Secured Party, in its sole and absolute discretion, determines. Secured Party, after the occurrence of an Event of Default and without notice to Debtor, may demand, collect, and xxx on the Collateral (either in Debtor’s or Secured Party’s name), enforce, compromise, settle or discharge the Collateral, and endorse Debtor’s name on any instruments or documents included in or pertaining to the Collateral.
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Payments and Collection. 6.1 We are authorised to invoice, collect and receive premiums and to pay return premiums and other sums due as agent and trustee of each Insurer with which we place business. 6.2 Except where advised otherwise in writing by Us, each Insurer with which we have placed business on Your behalf agrees that You are also authorised to invoice, collect and receive premiums from Clients and to pay return premiums and other sums due to Clients as agent and trustee of the Insurer. 6.3 You shall immediately deposit all premiums received from or due to Clients in connection with this Agreement into a client bank account, operated in accordance with FCA client money rules or a bank account which is separate from Your general or operating account, used solely for the purpose of settling accounts with Us or with Insurers, or for the payment of Commissions or premium refunds or any other transaction authorised by Us or by Insurers. 6.4 Each Insurer with which we place business on Your behalf permits You to co-mingle its premiums with other premiums which are not the subject of this Agreement. Each Insurer also agrees that its interests in such premiums, where held in a client bank account operated under FCA rules, rank subordinately to the interests of any Client. 6.5 We will submit a statement of account to You on a monthly basis. You will pay all Net Premiums shown on the statement no later than the last working day of the month in which the statement is received. Payment may be required in respect of certain business outside normal terms of credit; this must be settled on an invoice basis when advised in writing by Us in advance of policy inception or renewal date. 6.6 Your obligations to pay Net Premiums to Us by the due date shall not be affected by any credit agreement You have made with the Client or delays with Your accounting systems. 6.7 If there are any items on the statement that You wish to dispute, You must contact Us prior to the premium becoming overdue. Failure to do so may lead to the cover being terminated. 6.8 We reserve the right to charge interest on late payment of any sums due to Us at 3% above the Bank of England’s base rate. 6.9 You are entitled to retain interest earned on premiums held in accordance with Clause 6.3. 6.10 We have in place procedures and controls which are designed to forestall and prevent Money Laundering and Bribery. If We suspect that a supplier, customer, Client or employee is committing a Money Laundering or Bribery offence ...
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Payments and Collection. 5.1 We are authorised to invoice, collect and receive premiums and to pay return premiums and other sums due as agents of the insurer. 5.2 Unless otherwise agreed by Us in writing, You will hold premiums and pay return premiums as agents of the Client. All such premiums must be held in accordance with the Rules. 5.3 We will submit a statement of account to You on a monthly basis. You will pay all Net Premiums debited on the statement no later than the last working day of the month in which the statement is received. Payment may be required in respect of certain business outside normal terms of credit; this must be settled on an invoice basis when advised in writing by Us in advance of policy inception or renewal date. 5.4 Your obligations to pay Net Premiums to Us by the due date shall not be affected by any credit agreement You have made with the Client or delays with Your accounting systems. 5.5 If there are any items on the statement that are in dispute, You must contact Us prior to the premium becoming overdue in order that the account can be paid in full. Failure to do so may lead to the cover being terminated. 5.6 We reserve the right to charge interest on late payment of any sums due to Us at 3% above bank base rate as supplied by Our bankers at the time.
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Payments and Collection. Any payments with respect to or other proceeds of Collateral received by Debtor shall be held by Debtor in trust for Secured Parties in the same form in which received, shall not be commingled with any assets of Debtor, and shall be delivered into the possession of Secured Parties not later than the next business day following the day of receipt. All payments with respect to and other proceeds of Collateral received by Secured Parties directly or from Debtor shall be applied to the Secured Obligations in such order and manner and at such time as Secured Parties, in their sole and absolute discretion, determine. Secured Parties, after the occurrence of an Event of Default and without notice to Debtor, may demand, collect, and xxx on the Collateral (either in Debtor’s or Secured Parties’ names), enforce, compromise, settle or discharge the Collateral, and endorse Debtor’s name on any instruments or documents included in or pertaining to the Collateral.
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Payments and Collection. 5.1. User shall pay all amounts in the Rental Agreement when due. The failure by User to make such payments will result in M3storage suspending the services until all payments are received in full.
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Payments and Collection. 10.1 We are authorised to invoice, collect and receive premiums and to pay return premiums and other sums due as agents of the Insurer. 10.2 Each Insurer with which we have placed the business on Your behalf agrees that You also are authorised to invoice, collect and receive premiums from Clients and to pay return premiums and other sums due to Clients as agent and trustee of the Insurer. 10.3 You shall immediately deposit all premiums received from or due to Clients in connection with this 10.3.1 a client bank account in accordance with the Rules; or 10.3.2 a premium trust account with assets standing to the credit of that account being held in a fiduciary capacity on behalf of Insurers. The premium trust account shall: 10.3.2.1 be held at a bank which is regulated and supervised by the FCA and the Prudential Regulation Authority; 10.3.2.2 be clearly identified to the bank as a premium trust account; and 10.3.2.3 not be used by You for any purpose other than settling accounts with Us or with Insurers or the payment of Commissions or premium refunds to Clients or any other transactions where expressly authorised by Insurers. 10.4 The Insurer with which We have placed the business on Your behalf permits the co-mingling of its premiums with other monies held in the bank account referred to in 10.3.1 or 10.
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Payments and Collection. Invoicing may be provided monthly, and statements are due and payable upon receipt, unless otherwise agreed in writing. Client agrees to carefully read all billing statements and promptly notify Xxxxxxxxxx Consulting Solutions, in writing, of any claimed errors or discrepancies, within fifteen (15) days from the date of the statement. If Xxxxxxxxxx Consulting Solutions is not notified by the Client in writing, it is presumed that owner agrees with the correctness, accuracy, and fairness of the billing statement. Past due amounts may incur a late fee of 1% compounded monthly and Xxxxxxxxxx Consulting Solutions can, upon giving seven (7) days written notice to Client, suspend services until payment in full is received. Client’s failure to make payment to us within 30 days shall constitute a material breach of this Agreement and shall be cause for termination by Xxxxxxxxxx Consulting Solutions. Retainers shall be credited on the final invoice. Xxxxxxxxxx Consulting Solutions is entitled to collect reasonable fees and costs, including collection agency, attorney’s fees and interest as required to obtain collection of any fees under the Agreement.
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Payments and Collection. Customer will pay Motorola Solutions all amounts due under the Agreement (including, without limitation amounts due for any PTT Service, Equipment, and any other charges) by the payment due date established by this Agreement, or by any related invoice. The Customer shall pay the Charges invoiced without any set­off, deductions or withholding whatsoever. If the Customer requires any additional services to be performed outside the Working Hours, Motorola Solutions may charge the Customer amounts in addition to the Charges. The Customer shall pay all invoiced amounts properly due. Customer will pay Motorola Solutions for any expenses Motorola Solutions incurs in collecting amounts due under this Agreement, including without limitation, court costs and attorneys’ fees. Motorola Solutions and Motorola Solutions agents may contact Customer’s address, email, PTT number, and any other phone/cell phone number provided to Motorola Solutions to contact Customer about Customer’s account status or as otherwise permitted by law, including but not limited to, collecting amounts due, and using prerecorded or live calls, emails, and calls or messages delivered by an automatic telephone dialer system. Customer will pay any federal, state, or local transactional taxes, fees or surcharges based on the place of primary use set forth in the Order Form, including, without limitation, universal service fees, 911 surcharges, sales, mobile communications service taxes, activation fees, regulatory cost recovery fees and gross receipts taxes. If Customer believes any invoice is incorrect, Customer must notify Motorola Solutions in writing concerning Customer’s dispute within 14 days from the date of the first invoice containing Customer’s dispute or waive Customer’s right to that dispute. If Motorola Solutions agrees with Customer’s position, Motorola Solutions will credit Customer’s account or, if Customer’s account is ended, send Customer a check.
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Related to Payments and Collection

  • Payments and Collections All funds received by the Agent in respect of any payments made by any Borrower on the Term Notes shall be distributed promptly on the date of receipt thereof by the Agent among the Banks, in like currency and funds as received, ratably according to each Bank’s Term Loan Percentage. All funds received by the Agent in respect of any payments made by any Borrower on the Revolving Notes, Revolving Commitment Fees or Letter of Credit Fees shall be distributed promptly on the date of receipt thereof by the Agent among the Banks, in like currency and funds as received, ratably according to each Bank’s Revolving Percentage. After any Event of Default has occurred, all funds received by the Agent, whether as payments by the Borrowers or as realization on collateral or on any guaranties, shall (except as may otherwise be required by law) be distributed by the Agent in the following order: (a) first to the Agent or any Bank that has incurred unreimbursed costs of collection with respect to any Obligations hereunder, ratably to the Agent and each Bank in the proportion that the costs incurred by the Agent or such Bank bear to the total of all such costs incurred by the Agent and all Banks; (b) next to the Agent for the pro rata account of (i) the Banks (in accordance with their respective Total Percentages) for application on the Notes and (ii) the Rate Protection Providers (in accordance with their outstanding and owed Rate Protection Obligations) for application on the Rate Protection Agreements; (c) next to the Agent for the account of the Banks (in accordance with their respective Revolving Percentages) for any unpaid Revolving Commitment Fees or Letter of Credit Fees owing by the Borrowers hereunder; and (d) last to the Agent to be held in the Holding Account to cover any outstanding Letters of Credit.

  • Payment and Collection Your bill will be based on monthly meter readings provided to XOOM Energy by your NGDC. If there is an error in your meter reading, XOOM Energy will adjust its bill to you upon your NGDC providing a corrected meter reading to XOOM Energy. You represent that you are financially able and willing to fulfill the terms and conditions of this Agreement and that you have not filed, are not in the process of filing or plan to begin any bankruptcy proceedings. Your first bill payment will be due to the NGDC on the date specified in the NGDC bill. If you do not pay it on time, you could be subject to interest and late charges imposed by the NGDC, and your service could be disconnected. In all events, you shall remain obligated to pay for all natural gas received by you and any interest, fees and penalties incurred by XOOM Energy. You will also be responsible for all costs, including legal fees, associated with the collection of amounts owed to XOOM Energy.

  • Remittance of Payments and Collections (a) All payments by any Lender to the Agent shall be made not later than the time set forth elsewhere in this Agreement on the Business Day such payment is due; provided, however, that if such payment is due on demand by the Agent and such demand is made on the paying Lender after 1:30 p.m. on such Business Day, then payment shall be made by 11:00 a.m. on the next Business Day. Payment by the Agent to any Lender shall be made by wire transfer, promptly following the Agent’s receipt of funds for the account of such Lender and in the type of funds received by the Agent; provided, however, that if the Agent receives such funds at or prior to 12:00 noon, the Agent shall pay such funds to such Lender by 4:00 p.m. on such Business Day, but if the Agent receives such funds after 12:00 noon, the Agent shall pay such funds to such Lender by 4:00 p.m. on the next Business Day. (b) With respect to the payment of any funds from the Agent to a Lender or from a Lender to the Agent, the party failing to make full payment when due pursuant to the terms hereof shall, on demand by the other party, pay such amount together with interest thereon at the Wall Street Journal Prime Rate. In no event shall the Borrower be entitled to receive any credit for any interest paid by the Agent to any Lender, or by any Lender to the Agent, at the Wall Street Journal Prime Rate as provided herein. (c) If the Agent pays any amount to a Lender in the belief that a related payment has been or will be received by the Agent from a Loan Party and such related payment is not received by the Agent, then the Agent shall be entitled to recover such amount from each Lender that receives such amount. If the Agent determines at any time that any amount received by it under this Agreement or any of the other Loan Documents must be returned to a Loan Party or paid to any other Person pursuant to any Requirement of Law, court order or otherwise, then, notwithstanding any other term or condition of this Agreement or any of the other Loan Documents, the Agent shall not be required to distribute such amount to any Lender.

  • Application of Payments and Collections All items of payment received by Agent by 12:00 noon, Chicago, Illinois, time, on any Business Day shall be deemed received on that Business Day. All items of payment received after 12:00 noon, Chicago, Illinois, time, on any Business Day shall be deemed received on the following Business Day. Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by Agent from or on behalf of Borrower, and Borrower does hereby irrevocably agree that Agent shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by Agent or its agent against the Obligations, in such manner as Agent may deem advisable, notwithstanding any entry by Agent or any Lender upon any of its books and records. Amounts received by the Agent shall be for further credit to the accounts of Lenders pursuant to the settlement procedures contained in subsection 3.1.3 of this Agreement. Notwithstanding the foregoing, payments and collections shall not be applied to Obligations consisting of Derivative Obligations or Product Obligations at any time that any other Obligations are then due and payable. If as the result of collections of Accounts as authorized by subsection 6.2.4 hereof or otherwise, a credit balance exists in the Loan Account, such credit balance shall not accrue interest in favor of Borrower, but shall be disbursed to Borrower or otherwise at Borrower's direction in the manner set forth in subsection 3.1.2, upon Borrower's request at any time, so long as no Default or Event of Default then exists. Agent may at its option, offset such credit balance against any of the Obligations upon and during the continuance of an Event of Default.

  • Credit, Payment and Collection You will receive a single monthly bill for both your natural gas and the delivery of such natural gas from your utility distribution company. Payment is due by the date set forth on the invoice. Should you fail to pay the monthly bill or fail to meet any agreed upon payment arrangement, your service may be terminated in accordance with your local utility’s tariffs and your contract with XOOM may be automatically terminated, leading to XOOM seeking cost recovery fees as set out herein. You represent that you are financially able and willing to fulfill the terms and conditions of this Agreement and that you have not filed, are not in the process of filing or plan to begin any bankruptcy proceedings. If accepted as a customer, XOOM may report your payment experience. Bills not paid by their due date are subject to a late payment fee at the greater of the rate of 1.5%, or the maximum permitted by law, based on your total outstanding balance per month. XOOM will charge a

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Administration and Collection SECTION 6.01.

  • Income Collection Unless otherwise directed by Instruction, the Custodian shall collect any amount due and payable to the Fund with respect to Investments and promptly credit the amount collected to a Principal or Agency Account; provided, however, that the Custodian shall not be responsible for: (a) the collection of amounts due and payable with respect to Investments that are in default or (b) the collection of cash or share entitlements with respect to Investments that are not registered in the name of the Custodian or its Subcustodians. The Custodian is hereby authorized to endorse and deliver any instrument required to be so endorsed and delivered to effect collection of any amount due and payable to the Fund with respect to Investments.

  • Administration and Collections Section 4.1.Appointment of the Servicer.....................................15 Section 4.2.Duties of the Servicer........................................

  • Deemed Collections If as of the last day of any Settlement Period: (a) the outstanding aggregate balance of the Net Receivables as reflected in the preceding Monthly Report (net of any positive adjustments) has been reduced for any of the following reasons: (i) as a result of any rejected services, any cash discount or any other adjustment by the applicable Originator or any Affiliate thereof (regardless of whether the same is treated by such Originator or Affiliate as a write-off), or as a result of any surcharge or other governmental or regulatory action, or (ii) as a result of any setoff or breach of the underlying agreement in respect of any claim by the Obligor thereof (whether such claim arises out of the same or a related or an unrelated transaction), or (iii) on account of the obligation of the applicable Originator or any Affiliate thereof to pay to the related Obligor any rebate or refund, or (iv) the Unpaid Net Balance of any Receivable is less than the amount included in calculating the Net Pool Balance for purposes of any Monthly Report (for any reason other than such Receivable becoming a Defaulted Receivable), or (b) any of the representations or warranties of the Borrower set forth in Section 6.1(j), (l) or (p) was not true when made with respect to any Receivable, or any of the representations or warranties of the Borrower set forth in Section 6.1(l) is no longer true with respect to any Receivable, then, in such event, the Borrower shall be deemed to have received a Collection in an amount equal to (A) the amount of such reduction, cancellation or overstatement, in the case of the preceding clauses (a)(i), (a)(ii), (a)(iii) and (a)(iv), and (B) in the full amount of the Unpaid Net Balance of such Receivable in the case of the preceding clause (b).

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