Actual Collections definition
Examples of Actual Collections in a sentence
Such Actual Collections shall be applied to the payments in the manner provided for in Article 6 until the Commitment Expiry Date, and thereafter, as provided for in Article 16.
If a Seller no longer acts as collection agent in respect of any Sold Receivable, the Parties agree that the relevant Back-Up Servicer shall transfer to each relevant Purchaser’s Collection Account the Actual Collections made in relation to the Sold Receivables purchased from such Seller.
If a Seller no longer acts as collection agent in respect of any Sold Receivable, the Parties agree that the relevant Back-Up Servicer or Italian Back-Up Servicer shall transfer to each relevant Purchaser's Collection Account the Actual Collections made in relation to the Sold Receivables purchased from such Seller.
Pursuant to Section 6.11(c) of this Agreement, commencing no later than July 25, 2025, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual Collections for the immediately preceding calendar month as compared to the Estimated Collections forwarded to the Collection Account in respect of such calendar month.
Pursuant to Section 6.11(c) of this Agreement, commencing no later than [Date], 2025, the Servicer shall calculate in each Monthly Servicer’s Certificate the amount of Actual Collections for the immediately preceding calendar month as compared to the Estimated Collections forwarded to the Collection Account in respect of such calendar month.
If a Seller no longer acts as collection agent in respect of any Sold Receivable, the Parties agree that the relevant Back-Up Servicer shall transfer to each relevant Purchaser's Collection Account the Actual Collections made in relation to the Sold Receivables purchased from such Seller.
Such Actual Collections shall be applied to the payments in the manner provided for in Article 6 (Current Account) until the Commitment Expiry Date, and thereafter, as provided for in Article 16 (Order of Priority during the Amortisation Period).
On the 180th day following the Closing Date, PHC shall calculate the net amount PHC has collected from Practice Group's accounts receivable existing on the Closing Date (the "Actual Collections").