Portfolio of Accounts Sample Clauses

Portfolio of Accounts. 23 ARTICLE VI
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Portfolio of Accounts. (a) The CD provided to Purchaser prior to the date hereof contains, as of June 30, 2005, an accurate and complete list of Seller Parties' Accounts and the status of each Account, except with respect to ordinary course of business delays in reporting. The Accounts to be transferred hereunder constitute all of the Accounts. (b) To the Knowledge of Parent or the Subsidiaries, the CD provided to Purchaser prior to the date hereof accurately reflects, in all material respects, all payment activities (or other reductions in value) on the Accounts during the period from July 1, 2004 through June 30, 2005, except with respect to ordinary course of business delays in reporting. (c) From the period commencing on March 1, 2005, with respect to Accounts owned as of March 1, 2005, the Seller Parties have not sold any such Accounts, have not settled any such Accounts outside of the ordinary course of business, have operated in the ordinary course with respect to such Accounts and have made appropriate adjustments in the data base in which entries on such Accounts are made in the ordinary and normal course of its business, consistent with its past practices. 23 <PAGE> (d) Except as set forth in Section 5.24 of the Seller Disclosure Letter, the Seller Parties (i) have good and valid title to each Account and corresponding Account Documents and are the sole owner thereof, (ii) subject to complying with applicable notice requirements, have full right to transfer and sell such Accounts and related Account Documents, and (iii) are transferring and selling, all of their right, title and interest in and to the Accounts and Account Documents to Purchaser, free and clear of any Liens. (e) Seller Parties have no knowledge of any defect with respect to the legality, validity or binding nature of the Accounts; provided, however, that no representation, warranty or covenant is made herein as to the collectability or enforceability of any particular Account or Accounts. (f) Seller Parties have instructed all servicers of the Accounts to not settle amounts owed with respect to the Accounts below prescribed guidelines. ARTICLE VI
Sample 1
Portfolio of Accounts. 4.24.1 The Computer File on the server being acquired by Buyer sets forth, as of the date hereof, an accurate and complete list of the Accounts and the status of each Account, except with respect to ordinary course of business delays in reporting.
Sample 1
Portfolio of Accounts. (a) The CD provided to Purchaser prior to the date hereof contains, as of June 30, 2005, an accurate and complete list of Seller Parties' Accounts and the status of each Account, except with respect to ordinary course of business delays in reporting. The Accounts to be transferred hereunder constitute all of the Accounts.
Sample 1
Portfolio of Accounts. 4.4.1 The Computer File sets forth, as of June 30, 2002, an accurate and complete list of Seller's Accounts and the status of each Account, except with respect to ordinary course of business delays in reporting. The Accounts transferred hereunder and the accounts receivable transferred to NCOP Lakes, Inc. under the NCO Lakes Acquisition Agreement constitute all of the accounts receivable of the Seller.
Sample 1

Related to Portfolio of Accounts

  • Collection of Accounts 43 5.4 Payments ............................................................................. 44 5.5 Authorization to Make Loans .......................................................... 44 5.6

  • Investment of Accounts (a) To the extent there are uninvested amounts deposited in the Series Accounts, the Issuer shall cause such amounts to be invested in Permitted Investments selected by the Issuer that mature no later than the immediately preceding Transfer Date.

  • Collection of Accounts Receivable At Closing, Seller will deliver Seller's existing accounts receivable on the Accounts Receivable List. Such Accounts Receivable List will be used by Buyer for purposes of collection only for the period of one hundred twenty (120) days immediately following Closing (the "Collection Period"). Acting as Seller's agent, during the Collection Period Buyer shall have the exclusive right to and shall make commercially reasonable efforts to collect Seller's accounts receivable listed on the Accounts Receivable List, but shall not be required to expend or advance any of its funds, to locate any debtor, or to institute or defend any suit, action, claim, or counterclaim in any legal or equitable proceeding. Under no circumstances shall Buyer be required to engage counsel or any outside collection agency or facility in collecting Seller's accounts receivable. Payments received on an account from any customer of Buyer that is an account debtor for an account of Seller on the Accounts Receivable List shall be applied first to the Seller's account on such list, unless such customer shall designate some other application of such payment or shall contest the account receivable, in which case Buyer shall promptly notify Seller of such designation or contest and return to Seller the account relating to such customer and thereafter shall have no further obligation with respect thereto. If Seller requests, Buyer also shall promptly return to Seller any account of Seller that is over 90 days old, and Buyer shall have no further obligation with respect to such account. Buyer shall transmit all monies collected on Seller's accounts receivable to Seller within fifteen (15) days after the end of each month in which such monies are collected. Upon expiration of the Collection Period, Buyer shall be relieved of all responsibility for, or to attempt collection of, Seller's accounts receivable, and thereafter Seller alone shall be responsible for collection of any balances due on such accounts. Within twenty (20) days after expiration of the Collection Period, Buyer will make final payment to Seller of the amounts collected on Seller's accounts and shall return to Seller each then uncollected Seller's account together with a final statement of the accounts outstanding.

  • Management Accounts The Management Accounts:

  • Sale of Accounts The Borrower will not, nor will it permit any Subsidiary to, sell or otherwise dispose of any notes receivable or accounts receivable, with or without recourse.

  • Location of accounts The Borrower shall promptly:

  • Debit of Accounts Bank may debit any of Borrower’s deposit accounts, including the Designated Deposit Account, for principal and interest payments or any other amounts Borrower owes Bank when due. These debits shall not constitute a set-off.

  • Crediting of Accounts If PFPC Trust in its sole discretion credits an Account with respect to (a) income, dividends, distributions, coupons, option premiums, other payments or similar items on a contractual payment date or otherwise in advance of PFPC Trust's actual receipt of the amount due, (b) the proceeds of any sale or other disposition of assets on the contractual settlement date or otherwise in advance of PFPC Trust's actual receipt of the amount due or (c) provisional crediting of any amounts due, and (i) PFPC Trust is subsequently unable to collect full and final payment for the amounts so credited within a reasonable time period using reasonable efforts or (ii) pursuant to standard industry practice, law or regulation PFPC Trust is required to repay to a third party such amounts so credited, or if any Property has been incorrectly credited, PFPC Trust shall have the absolute right in its sole discretion without demand to reverse any such credit or payment, to debit or deduct the amount of such credit or payment from the Account, and to otherwise pursue recovery of any such amounts so credited from the Fund. Nothing herein or otherwise shall require PFPC Trust to make any advances or to credit any amounts until PFPC Trust's actual receipt thereof. The Fund hereby grants a first priority contractual possessory security interest in and a right of setoff against the assets maintained in an Account hereunder in the amount necessary to secure the return and payment to PFPC Trust of any advance or credit made by PFPC Trust (including charges related thereto) to such Account.

  • Addition of Accounts (a) If, as of the close of business on the last day of any Collection Period, (i) the Pool Balance on such day is less than the Required Participation Amount as of the following Payment Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on such Payment Date), or (ii) the result obtained by multiplying (x) the Seller's Participation Amount as of the following Payment Date (after giving effect to the allocations, distributions, withdrawals and deposits to be made on such Payment Date), by (y) the percentage equivalent of the portion of the Seller's Interest represented by the DCMOT Certificate, is less than 2% of the Pool Balance on such last day, then the Seller shall, within ten Business Days following the end of such Collection Period, designate and transfer to the Trust the Receivables (and the related Collateral Security) of additional Eligible Accounts of the Seller to be included as Accounts in a sufficient amount such that after giving effect to such addition (i) the Pool Balance as of the close of business on the Addition Date is at least equal to such Required Participation Amount or (ii) the result obtained by multiplying (x) such Seller's Participation Amount by (y) the percentage equivalent of the portion of the Seller's Interest represented by the DCMOT Certificate, is at least equal to 2% of such Pool Balance, as the case may be. The Seller shall satisfy the conditions specified in Section 2.05(d) in designating such Additional Accounts and conveying the related Receivables to the Trust. The failure of the Seller to transfer Receivables to the Trust as provided in this paragraph solely as a result of the unavailability of a sufficient amount of Eligible Receivables shall not constitute a breach of this Agreement; provided, however, that any such failure will nevertheless result in the occurrence of an Early Redemption Event described in each Indenture Supplement, unless otherwise specified therein with respect to the related Series or Class.

  • Verification of Accounts Any of Lender's officers, employees, or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or in the name of the Borrowers, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph, or otherwise.

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