Collection Expenses means the reasonable out-of-pocket expenses incurred by any Party in connection with the negotiation and collection of Third Party Reinsurance Recoverables or Commutation Payments.
Collection Expenses means all reasonable out-of-pocket costs or expenses (if any) and, if applicable, reasonable transaction costs, incurred by the Issuer in connection with the collection, enforcement, negotiation, consummation, settlement, proceedings, administration or other activity related to the receipt and/or collection of the relevant proceeds, as applicable.
Collection Expenses. If we take legal action, such as the filing of a lawsuit, to collect what you owe us, you will pay our reasonable expenses, including attorney’s fees. Statements: We send statements for all accounts. Your statement will be sent, or made available through online banking, monthly, quarterly or annually, depending on the type of account you have and the services you use. Checking and money market accounts receive a statement each month. All savings accounts will receive a statement for every month in which there is an electronic transfer to or from the account. If an electronic transfer does not occur, a quarterly statement will be issued for statement savings accounts .You agree to examine all statements and any accompanying items promptly upon receipt, and to notify us immediately and provide all relevant facts if you discover any unauthorized signatures, alterations or other errors with your statement. Your failure to promptly notify us of any discovered errors may affect your ability to be reimbursed for any losses that you may incur as a result. Your statement and all transactions identified thereon will be deemed correct and free of forgeries, alterations or other errors if you fail to alert us otherwise within 60 calendar days after we send you the statement. We will send your papers statements, if you have elected to receive them, to the address we have for you in our records. If your statement is returned to us because of an incorrect or otherwise undeliverable address, we may stop sending statements to you until we are provided with a correct and deliverable address. Abandoned Property: Under state law, we are required to send funds from all dormant accounts to the state treasurer’s office of the state in which you reside when there has been no customer-initiated activity for three years and no contact by the customer during that time. This law applies to all accounts, including checking, savings, and money market accounts, and all certificates of deposit with the Bank. For certificates of deposit the account is deemed to be abandoned if no written communication is provided to the Bank by the account holder for two consecutive auto renewals of your CD.
Examples of Collection Expenses in a sentence
The covered Collection Expenses shall correspond to the Collection Expenses up to the cover ratio defined below.
The total amount of indemnity paid by Us with respect to the Debts and/or the Collection Expenses resulting from Deliveries made during a single insurance period shall not exceed the maximum liability.
Unless stated otherwise in the Special Terms, in addition to indemnification of the Net Debt, We shall also indemnify the Collection Expenses (VAT excluded) in accordance with the following provisions.
If there is an indemnity for Collection Expenses but the Debt has been paid in full before indemnification by Us, We shall not take into account the indemnity for Collection Expenses in the calculation of the profit share.
The Expense Call identifies expenses for the following general categories: Loss Adjustment Expenses, Commissions, Acquisition, Field Supervision and Collection Expenses, Taxes, Licenses and Fees and General Expenses.
More Definitions of Collection Expenses
Collection Expenses means Payplant’s out-of-pocket costs and expenses in pursuing collection from Defaulting Clients, Defaulting Debtors, including Payplant’s reasonable outside counsel fees, collection agency fees, court costs, and other third-party expenditures.
Collection Expenses means all reasonable out-of-pocket costs or expenses (if any) and, if applicable, reasonable transaction costs (including reasonable legal and accounting fees and expenses, and taxes paid or payable as a result thereof), incurred or reasonably anticipated to be incurred by the Company in connection with the collection, enforcement, negotiation, consummation, settlement, proceedings, administration or other activity related to the receipt or collection of the relevant proceeds, as applicable.
Collection Expenses means, with respect to the failure of one Party to pay any amount due pursuant to this Agreement to the other Party, (i) any costs and expenses (including reasonable legal fees and expenses) incurred by the other Party in connection with a legal action to enforce this Agreement that results in a judgment for such amount due, and (ii) interest on the amount in the foregoing clause (i) calculated from the date such amount is due until the date paid at a rate equal to the prime rate as published in The Wall Street Journal, Eastern Edition in effect on the date of such payment.
Collection Expenses. If we take legal action, such as the filing of a lawsuit, to collect what you owe us, you will pay our reasonable expenses, including attorney’s fees. Statements: We send statements for all accounts. Your statement will be sent, or made available through online banking, monthly, quarterly or annually, depending on the type of account you have and the services you use. Checking and money market accounts receive a statement each month. All savings accounts, including passbook savings accounts, will receive a statement for every month in which there is an electronic transfer to or from the account. If an electronic transfer does not occur, a quarterly statement will be issued for statement savings accounts and an annual statement will be issued for passbook savings accounts. You agree to examine all statements and any accompanying items promptly upon receipt, and to notify us immediately and provide all relevant facts if you discover any unauthorized signatures, alterations or other errors with your statement. Your failure to promptly notify us of any discovered errors may affect your ability to be reimbursed for any losses that you may incur as a result. Your statement and all transactions identified thereon will be deemed correct and free of forgeries, alterations or other errors if you fail to alert us otherwise within sixty (60) calendar days after we send you the statement. We will send your papers statements, if you have elected to receive them, to the address we have for you in our records. If your statement is returned to us because of an incorrect or otherwise undeliverable address, we may stop sending statements to you until we are provided with a correct and deliverable address.
Collection Expenses means Lender’s out-of-pocket costs and expenses in pursuing collection from Borrowers, Debtors , including Lender’s reasonable outside counsel fees, collection agency fees, court costs, and other third-party expenditures.
Collection Expenses means, with respect to the failure of one Party to pay any amount due pursuant to this Agreement to the other Party,
Collection Expenses with respect to any assignment or sublease, shall mean the costs paid or incurred by Tenant or Assignor with respect to such assignment or sublease, as the case may be, pursuant to the provisions of Section 7.11(d)(1) hereof.