Collection Obligations definition
Examples of Collection Obligations in a sentence
For purposes of this Clause 10.6 (Mutual Undertaking Regarding Information Reporting and Collection Obligations), “Applicable Law” shall be deemed to include (i) any rule or practice of any Authority by which any Party is bound or with which it is accustomed to comply; (ii) any agreement between any Authorities; and (iii) any agreement between any Authority and any Party that is customarily entered into by institutions of a similar nature.
Subject to clauses 5.2(b) and (c), MCC may subcontract with any person for the performance of any of its Collection Obligations under this clause 5.
If MCC subcontracts with any person for the performance of any of its Collection Obligations or Payment Obligations under this clause 5: MCC must notify the Lending Body and the Owner of the subcontracting arrangement; and MCC will remain liable for all of its obligations under this agreement notwithstanding the subcontracting arrangement.
If [INSERT LOCAL GOVERNMENT ABBREVIATION] subcontracts with any person for the performance of any of its Collection Obligations or Payment Obligations under this clause 5: [INSERT LOCAL GOVERNMENT ABBREVIATION] must notify the Lending Body and the Owner of the subcontracting arrangement; and [INSERT LOCAL GOVERNMENT ABBREVIATION] will remain liable for all of its obligations under this agreement notwithstanding the subcontracting arrangement.
Subject to clauses 5.2(b) and (c), [INSERT LOCAL GOVERNMENT ABBREVIATION] may subcontract with any person for the performance of any of its Collection Obligations under this clause 5.