The Customer Accounts Sample Clauses

The Customer Accounts. The Customer Accounts shall be transferred and assumed by Assignment and Assumption of Customer Accounts in the form attached hereto as Exhibit F ("Assignment and Assumption of Customer Accounts"). Subject to the determination of the Transition Team of a methodology and timing for the reconciliation and transfer of Customer Accounts as final meter readings and the changeover of service occurs, the Customer Accounts shall be determined to the extent possible at Closing (subject to adjustment after Closing) based on actual amounts received and incurred to date and, as applicable, the final meter reading (which the parties acknowledge may not be until after Closing for many Customers). All amounts received after Closing from any Customer (a) before Condemnor bills such Customer for any services shall be applied solely to the amounts due to Condemnee from that Customer (no amounts then being due to Condemnor), (b) after Condemnor bills such Customer for services, pro rata to amounts due to Condemnor and Condemnee from that Customer until Condemnee is paid in full (for example, if Condemnee is owed $100 and Condemnor is owed $50, and a payment for $100 is received, Condemnee shall receive $66.67 and Condemnor shall receive $33.33), provided, however, that any balance due Condemnee that is less than Twenty Five Dollars ($25.00) shall be paid in full without pro ration; and (c) after no balance is due to Condemnee, solely to Condemnor, provided, however, that the Transition Team by mutual agreement only (and not subject to arbitration) may make changes in these allocations in their reconciliation as they mutually deem appropriate under the circumstances. Condemnor shall use good faith reasonable efforts to collect all amounts due to Condemnee on the Customer Accounts and shall use all usual collection efforts used by Condemnor in the collection of its own accounts, including, but not limited to termination of service and institution of collection proceedings where Condemnor would use such methods if its own accounts were in arrears for 17 ______________________________________________________________________________
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Related to The Customer Accounts

  • Customer Accounts The Bank agrees to establish and maintain the following accounts ("Accounts"):

  • Customer Remittances Obligors of the Receivables will be directed by AmeriCredit to forward their remittances to Processor at a post office address (the “Lockbox”) assigned by Processor. Processor, acting for the exclusive benefit of the Trustee, shall have unrestricted and exclusive access to the mail directed to this address. AmeriCredit agrees to notify Processor thirty (30) days in advance of any change in Obligor remittance statements and/or mailing schedule.

  • Operating Accounts (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

  • New Accounts If the Collateral Agent receives notice of any security created or arising during the Security Period in respect of the Management Agreements or any of the Assigned Rights, or following the occurrence and during the continuation of an Event of Default makes demand of the Parent or the Borrower for payment of any or all of the Secured Obligations:

  • Deposit Accounts; Credit Card Processors Open new DDAs (other than Excluded DDAs and Retail DDAs) unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements consistent with the provisions of Section 6.12 and otherwise satisfactory to the Agent. No Loan Party shall maintain any bank accounts or enter into any agreements with Credit Card Issuers or Credit Card Processors other than the ones expressly contemplated herein or in Section 6.12 hereof.

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Designated Accounts The Collection Account, the Note Distribution Account and the Reserve Account, collectively. Determination Date: The tenth day of each calendar month, or if such tenth day is not a Business Day, the next succeeding Business Day. Discount Rate: 0.00% per annum.

  • Primary Accounts Borrower will maintain its primary depository and operating accounts with Bank.

  • Establishment of Custodial Accounts; Deposits in Custodial Accounts The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts. The creation of any Custodial Account shall be evidenced by a Custodial Account Letter Agreement in the form of Exhibit 7. The Seller shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received by it subsequent to the Cut-off Date, or received by it prior to the Cut-off Date but allocable to a period subsequent thereto, other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date:

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