Collection procedures definition

Collection procedures means sending a payment on demand no- tice thirty, sixty, and ninety days after the notice of dishonored in- strument has been sent, during which period the person who issued the check or used the credit card will accrue a one percent per month in- terest fee in addition to the dishonored instrument fee. If the ac- crued fees have not been paid within thirty days after the mailing of the ninety-day notice, the account will be turned over for collection.

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Collection procedures means sending a payment on demand notice thirty, sixty, and ninety days after the notice of

Collection procedures means those collection procedures which the ICD may operate from time to time in respect of any Leased Assets, Disbursing Istisna'a Assets, Restricted Fund Units, Wakala Assets, sub-participation interests in Istisna'a or Murabaha financing activities. Istisna'a Receivables and/or Murabaha Receivables originated by it, or which the ICD may have in place to receive payments of dividends, periodic distributions and other payments in respect of Shares and Sukuk.

Examples of Collection procedures in a sentence

• Collection procedures shall be suspended during the period that any mutual agreement proceeding is pending.

• Collection procedures will provide for employee privacy and dignity.

• Collection procedures against returned items shall be the responsibility of AFA.

• Collection procedures, temporary disconnection of service, and the requirements for deposit are unaffected by the application of a late payment charge.

• Collection procedures: Any Employee subject to testing must be allowed to provide a urine specimen in private and in an enclosed room.

• Collection procedures for delinquent assessments shall proceed at the direction of the Board pursuant to the authorization in the Association's documents.

• Collection procedures will be initiated for all unpaid balances greater than 60 days past due.

• Collection procedures may commence if payment is not made within 15 days following payment due date, or if the business exhibits some of the danger signals listed in the Problem Loan Section.

• Sample Collection procedures and Sample Reports shall comply with FDEP requirements.

• Collection procedures and any costs thereof shall be borne by the Corporation and deducted from any proceeds, shall be agreed upon by Buyer and Shareholder prior to any litigation or Corporation shall not be obligated to undertake any such actions.

More Definitions of Collection procedures

Collection procedures means the Company’s own collection procedures and processes as set out ina document provided by the Company to the Factor in accordance with Annex 1 (as such Collection Procedures may be amended, superseded or updated from time to time with the prior approval of the Factor (acting reasonably)).

Collection procedures those administration procedures specified in ---------------------- Schedule 14.6-1 in effect on the date hereof as modified from time to time in compliance with Section 14.6(c).

Collection procedures means those administration procedures specified in ---------------------- Schedule 14.6-1 to the Reinsurance Agreement in effect on the date hereof relating to Annuities and Charges as modified in compliance with Section 14.6(c) of the Reinsurance Agreement.