COLLECTION PERIODS definition
COLLECTION PERIODS. Any check, draft, money order or other instrument given in payment of all or any portion hereof may be accepted by HSBC and handled in collection in the customary manner, but the same shall not constitute payment hereunder or diminish any rights of HSBC except to the extent that actual cash proceeds of such instrument are unconditionally received by HSBC; provided, however, that this Note shall not be in default as the result of normal collection periods on such instruments.
COLLECTION PERIODS to ________ PAYMENT DATE: __________ 1. COLLECTIONS ALLOCABLE AND AGGREGATE AMOUNTS AVAILABLE FOR THE CURRENT PAYMENT DATE:
COLLECTION PERIODS. With respect to the first Distribution Date, the 3 Monthly Calculation Periods immediately preceding the month in which such Distribution Date occurs. With respect to any subsequent Distribution Date, the 3 Monthly Calculation Periods immediately preceding the month in which the Distribution Date occurs.
Examples of COLLECTION PERIODS in a sentence
Buyer's obligations under this Paragraph 14.8(c) shall commence on the Closing Date and end on the first anniversary of the Closing Date (the "COLLECTION PERIODS").
More Definitions of COLLECTION PERIODS
COLLECTION PERIODS. Any check, draft, money order or other instrument given in payment of all or any portion hereof may be accepted by National City and handled in collection in the customary manner, but the same shall not constitute payment hereunder or diminish any rights of National City except to the extent that actual cash proceeds of such instrument are unconditionally received by National City; provided, however, that this Credit Note shall not be in default as the result of normal collection periods on such instruments.
COLLECTION PERIODS means the following periods:
COLLECTION PERIODS. Distribution Date:
COLLECTION PERIODS shall be deemed to refer to "calendar month" and "calendar months", respectively, and with respect to each calendar month preceding the Closing Date, the numerator of the fraction referred to above shall equal the aggregate amount of adjustments (determined in accordance with the definition of Adjustments, except that, for this purpose, the reference to the Receivables in such definition shall be deemed to refer to the receivables in the accounts in the Bank Portfolio) with respect to the receivables in the accounts in the Bank Portfolio and the denominator of such fraction shall equal the aggregate gross amount of cardholder charges and fees in the accounts in the Bank Portfolio with respect to such calendar month.
COLLECTION PERIODS. Any check, draft, money order or other instrument given in payment of all or any portion hereof may be accepted by Chase and handled in collection in the customary manner, but the same shall not constitute payment hereunder or diminish any rights of Chase except to the extent that actual cash proceeds of such instrument are unconditionally received by Chase; provided, however, that this Credit Note shall not be in default as the result of normal collection periods on such instruments.