Treatment of Uncollectible Accounts Receivable. DMS Corp. and/or its agents agree to make a good faith effort to collect all receivables of the Brand for a period of ninety days after billing and posting of revenues. Any receivables not collected within such ninety day period shall be written off by DMS Corp. and assigned back to the Brand Manager for further collection action. The Brand Contribution shall be calculated by increasing the expenses for the calendar month immediately following such ninety day period by 100% of the amount of receivables written off by DMS Corp. so as to compensate DMS Corp. for the uncollected amount. If any portion of such uncollected amount is collected in the future, such portion shall be included as revenue for the month in which it is received.
Appears in 23 contracts
Samples: Brand Manager Agreement (Dispatch Management Services Corp), Brand Manager Agreement (Dispatch Management Services Corp), Brand Manager Agreement (Dispatch Management Services Corp)
Treatment of Uncollectible Accounts Receivable. DMS Corp. and/or its agents agree to make a good faith effort to collect all receivables of the Brand for a period of ninety days after billing and posting of revenues. Any receivables not collected within such ninety day period shall be written off by DMS Corp. and assigned back to the Brand Manager Managers for further collection action. The Brand Contribution shall be calculated by increasing the expenses for the calendar month immediately following such ninety day period by 100% of the amount of receivables written off by DMS Corp. so as to compensate DMS Corp. for the uncollected amount. If any portion of such uncollected amount is collected in the future, such portion shall be included as revenue for the month in which it is received.
Appears in 4 contracts
Samples: Brand Manager Agreement (Dispatch Management Services Corp), Brand Managers Agreement (Dispatch Management Services Corp), Brand Managers Agreement (Dispatch Management Services Corp)
