Collection Agreement definition
Examples of Collection Agreement in a sentence
Inter alia, unless the Bank decides otherwise, in the event of a breach of the term specified in the Section 3.3.4. of Annex N1 to the Collection Agreement, Bank is entitled to charge the Custumer with additional amount of the respective Interest (as the damage (loss) inflicted) for the period of breach of the term or the Bank shall be entitled to repay the above obligations not later than 14 (fourteen) calendar days after the written application.
In any other case, the Bank shall be entitled to cover the above mentioned obligations according to the 5.2. paragraph of annex N1 to the Collection Agreement.
The Electronic Toll Collection Agreement is subject to renewal pursuant to the terms thereof.
Violations Processing Services hereunder shall not constitute “ETC Services” under and as defined in the Electronic Toll Collection Agreement between the Participant and VDOT.
When making decisions under the Sections 10.2.2. and 10.2.3. of Annex N1 to the Collection Agreement by the Bank it will take into account the inflation levels in the country, consumer prices, ISM index, other global and/or regional socioeconomic factors, as well as the credit history with the Customer.