Collection Action definition

Collection Action means any of the following:

Collection Action means (A) to demand, sue for, take or receive from or on behalf of the Company, by set-off or in any other manner, the whole or any part of any moneys which may now or hereafter be owing by the Company under this Note, (B) to initiate or participate with others in any lawsuit, action, or Proceeding against the Company to (1) enforce payment of or to collect the whole or any part of the indebtedness evidenced by this Note, or (2) commence judicial enforcement of any of the rights and remedies under this Note or under applicable law with respect to this Note, or (C) to accelerate any indebtedness evidenced by this Note.

Collection Action means any of the following actions taken with respect to a debt for items and services that were purchased from or provided to a patient by a hospital on a date during which the hospital was not in material compliance with hospital price transparency laws:

Examples of Collection Action in a sentence

• Until all of the Senior Indebtedness is paid in full in cash and all loan commitments under the Credit Agreement have been irrevocably terminated, the Obligee shall not take any Collection Action with respect to the indebtedness evidenced by this Note.

• See Chapter 7, Termination of Collection Action, Write-off and Close-out/ Cancellation of Indebtedness, for information on Form 1099-C reporting.

• Until the Credit Party Obligations are paid in full, the Credit Parties shall not, without the prior written consent of the Administrative Agent, take any Collection Action with respect to the Intercompany Debt.

• In addition, and even if the above two conditions are satisfied, no Extraordinary Collection Actions may be taken at any time unless written notice is first provided to the patient at least 30 days in advance of initiating the intended ECAs and such notice clearly sets forth the Extraordinary Collection Action that will be taken in the event of nonpayment and also includes a copy of the Plain Language Summary of the Policy (Exhibit B).

• Extraordinary Collection Action (“ECA”): Includes any one of the following actions taken by Northwell Health against an individual related to obtaining payment of a bill for care covered under this policy:.

More Definitions of Collection Action

Collection Action means any of the following actions taken

Collection Action means (a) to accelerate the Intercompany Debt or (b) to initiate or participate with others in any Bankruptcy Event or any other suit, action or proceeding against any Credit Party to (i) enforce payment of or to collect the whole or any part of the Intercompany Debt or (ii) commence enforcement (judicial or otherwise) of any of the rights and remedies with respect to the Intercompany Debt.

Collection Action means (a) to demand or sue for (including, without limitation, by set-off, counterclaim or in any other manner) the whole or any part of any moneys which may now or hereafter be owing by the Issuer with respect to the Subordinated Obligations, (b) to initiate or participate with others in any suit, action or proceeding

Collection Action means to (i) exercise or enforce any rights or remedies or assert any claims against the Bank Collateral or Subordinated Lenders' Collateral; (ii) make any claim or commence or initiate any action, lawsuit, case or proceeding against any of the Obligors or join together or with any creditor other than, with its consent, the Bank in any action, lawsuit, case or proceeding against the Obligors (including, but not being limited to, proceedings under the Bankruptcy Code); (iii) contact any account of any of the Obligors or attach or take possession of any Bank Collateral or Subordinated Lenders' Collateral or exercise any right of foreclosure or any right or remedy with respect to any of the Obligors or the Bank Collateral or Subordinated Lenders' Collateral; or (iv) take any other action prejudicial to or inconsistent with the Bank's rights and first priority secured position with respect to the Obligors or the Bank Collateral, including, without limitation, that any action that will impede, interfere with, restrict, or restrain the exercise by the Bank of its rights and remedies under the Loan Documents or contest in any manner the perfection, priority or validity of any lien held by the Bank in any of the Bank Collateral.

Collection Action means the issuance of a delinquent notice or billing, a tax warrant, or any other attempt to obtain payment of an unpaid amount. The term “collection action” does not include an attempt by an auditor to collect an assessment arising from the performance of an audit by such auditor.

Collection Action means (a) to demand, xxx for, take or receive (other than as permitted hereunder) from or on behalf of any Obligor by set-off or in any other manner, the whole or any part of any moneys which may now or hereafter be owing by any Obligor with respect to the Junior Obligations, (b) to initiate or participate with others in any suit, action or proceeding against any Obligor to (i) enforce payment of or to collect the whole or any part of the Junior Obligations, or (ii) commence judicial enforcement of any of the rights and remedies under the Junior Debt Documents or applicable law with respect to the Junior Obligations or the Junior Debt Documents, or (c) to accelerate any Junior Obligations.

Collection Action means any action taken to recover funds that are past due or accounts that are in default: