Examples of Canadian Servicer in a sentence
Xxxxxxxxx Title: Vice President of Treasury, Corporate Finance and Investor Relations ONX ENTERPRISE SOLUTIONS LTD., as Canadian Servicer By: /s/ Xxxxxx X.
The Canadian Servicer is a duly organized and validly existing unlimited company in good standing under the laws of the Province of Nova Scotia, with the power and authority under its organizational documents and under the laws of the Province of Nova Scotia to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted.
Each Originator will (or will cause the Canadian Servicer to) instruct all Pool Obligors to deliver all payments on the Pool Receivables to a Lock-Box Account or a Lock-Box.
If any funds other than Collections (or other proceeds of the Receivables and Related Rights) are deposited into any Lock-Box Account, each Originator will cause the Canadian Servicer to, within two (2) Business Days, identify and transfer such funds to the appropriate Person entitled to such funds.
Promptly following any material change in the Credit and Collection Policy, such Originator will (or will cause the Canadian Servicer to) deliver a copy of the updated Credit and Collection Policy identifying such material change to the Buyer, the Administrative Agent and each Group Agent.
Except as otherwise permitted by the Receivables Purchase Agreement, no Originator will, or will permit the Canadian Servicer to, alter the delinquency status or adjust the Outstanding Balance or otherwise modify the terms of any Pool Receivable in any material respect, or amend, modify or waive, in any material respect, any term or condition of any related Contract.
The Canadian Servicer shall cause all funds that constitute Canadian Collections to be remitted to the Canadian Collection Account within five (5) Business Days of the receipt of such funds, provided that the Canadian Servicer may withhold any Tax and Insurance Charges pending payment of such amounts to the appropriate third-party in accordance with Section 2.12.
Any payment by an Obligor in respect of any Pool Receivable owed by it to any Originator shall, except as otherwise specified by such Obligor or required by Applicable Law and unless otherwise instructed by the Canadian Servicer (with the prior written consent of the Administrative Agent) or the Administrative Agent, be applied as a Collection of such Pool Receivable to the extent of any amounts then due and payable thereunder.
Xxxxxxxxx Telephone: 000-000-0000 Email: Xxxxxx.Xxxxxxxxx@xxxxxxx.xxx ONX ENTERPRISE SOLUTIONS LTD., as Canadian Servicer By: Name: Xxxxxx X.
The Administrative Agent may terminate any Originator as a servicer of the Receivables and Related Rights concurrently with the termination of the Canadian Servicer under the Receivables Purchase Agreement.