TRANSFERS AND SETTLEMENTS Sample Clauses
The "Transfers and Settlements" clause defines the procedures and requirements for moving funds or assets between parties and finalizing payments or obligations under an agreement. It typically outlines the methods of transfer, timing, and any conditions that must be met for a settlement to be considered complete, such as the use of specific payment systems or the need for confirmation of receipt. This clause ensures that both parties understand how and when financial or asset exchanges will occur, reducing the risk of disputes and providing a clear framework for fulfilling contractual obligations.
TRANSFERS AND SETTLEMENTS. 26 SECTION 2.1. Facility........................................................................26 SECTION 2.2. Transfers.......................................................................26 SECTION 2.3. Selection of Interest Rates and Collection Periods..............................29 SECTION 2.4. [Reserved]......................................................................29 SECTION 2.5. Allocation of Collections.......................................................29 SECTION 2.6. Reserve Account.................................................................30 SECTION 2.7. Fees............................................................................31 SECTION 2.8. Protection of Transferred Interest of the Owners................................31 SECTION 2.9. Deemed Collections; Application of Payments.....................................33 SECTION 2.10. Payments and Computations, Etc..................................................35 SECTION 2.11. Reports.........................................................................35 SECTION 2.12. Collection Account..............................................................36 SECTION 2.13. Sharing of Payments, Etc........................................................37 SECTION 2.14. Defaulted Receivables...........................................................37
TRANSFERS AND SETTLEMENTS. 26 SECTION 2.1. Facility................................................... 26 SECTION 2.2. Transfers; Company Certificate; Eligible Receivables....... 26 SECTION 2.3.
TRANSFERS AND SETTLEMENTS. 18 SECTION 2.1 Assignment and Conveyance; Facility.........................18 SECTION 2.2 Transfers...................................................18 SECTION 2.3
TRANSFERS AND SETTLEMENTS