Collections Policy definition

Collections Policy means a set of procedures designed to ensure bills are paid on time and in full, and to collect on past-due payments. Sending customers a bill/statement each month showing the amount owed is not a collection policy. The collection policy must include a statement of action that will be taken if past-due amounts are not received. In assessing utilities and allocating Best Practices scores, RUBA staff should ask for a copy of the ordinance, tariff, policy, and/or resolution the utility has adopted that contains the fees or rates for services, as well as the collective measures it implements.
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Collections Policy means the Tres Valles West Owners Association’s Policy and Procedures for Collection of Unpaid Assessment. For purposes of the Tres Valles West Water System Rules and Regulations only, all amounts due thereunder shall be considered to be an unpaid assessment for the purposes of the Collections Policy.
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Collections Policy means procedures associated with billing and collections of the fees and charges imposed by the Districts from time to time, a form of which is attached hereto as Exhibit C which has been adopted by the Board, and as may be amended from time to time.
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Examples of Collections Policy in a sentence

  • The related Customer Agreement has not been amended, waived, extended, or modified in any material respect except (i) for change orders made in the ordinary course of business or (ii) in compliance with the Customer Collections Policy (including pursuant to a Payment Facilitation Agreement) or Service Transfer Policy.

  • The Administrative Agent, or as the case may be, the Security Trustee shall give written notice to any Successor Servicer of the Administrative Agent’s, or as the case may be, the Security Trustee’s actions or directions pursuant to this Clause 4.2, and no Successor Servicer shall take any actions pursuant to this Clause 4.2 that are outside of its Credit and Collections Policy or the Servicing Standard.

  • The Servicer may not waive, modify, amend, supplement, rescind or otherwise vary any provision of a Loan, except as may be permitted in accordance with the provisions of the Credit and Collections Policy or Servicing Standard or as allowed in the Facility Agreement, which permits, among other things, the waiver of any late payment charge, prepayment fees or any other fees that may be collected in the ordinary course of servicing any Loan included in the Collateral.

  • Such Reviews may include a review of the Bausch Parties’ compliance with the Credit and Collections Policy.

  • The terms of the related Customer Agreement have not been amended, waived, extended, or modified in any material respect since the System’s date of PTO, except, in the case of a residential Customer Agreement, in compliance with SolarCity’s Credit Underwriting Policy and Collections Policy and in the case of a commercial or governmental Customer Agreement, in compliance with SolarCity’s Commercial Contract Negotiations and Modifications Policy.

  • For purposes of determining the Gross Up, the Participant shall be deemed to pay the federal income tax at the highest marginal rate of taxation (currently 39.5%) in the calendar year in which the payment under Section 4.5 is to be made.

  • The Servicer will follow the practices and procedures set out in the Credit and Collections Policy and shall act in accordance with the Servicing Standard in order to realise such Related Property.

  • These are capitalised and held at fair value in accordance with Queensland Treasury’s Non-Current Asset Policies for the Queensland Public Sector and Queensland Treasury’s Accounting for Library Collections Policy except for certain heritage assets such as manuscripts whose value cannot be reliably measured.

  • The Servicer will (i) at its own expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Loans and the related Loan Documents; and (ii) timely and fully comply in all material respects with the Credit and Collections Policy and the Servicing Standard with respect to each Loan and the related Loan Document.

  • Seller will not, (i) extend, amend or --------------------------------- otherwise modify the terms of any Obligor Loan Agreement or (ii) change the terms and provisions of the Credit and Collections Policy in a manner in either case that has, or has a reasonable likelihood of having, a Material Adverse Effect with respect to Seller or Buyer, unless in each case the change is made with the prior written approval of Buyer and the Required Persons.


More Definitions of Collections Policy

Collections Policy means the Collections and Recovery Policy – COMP, version Effective Date as of 04/01/2020, as delivered to the Administrative Agent prior to the Closing Date and in effect on the Closing Date, as may be amended from time to time [*****].
Sample 1
Collections Policy means the Collections and Recovery Policy – COMP, version Effective Date as of 04/01/2020, as delivered to the Administrative Agent prior to the Closing Date and in effect on the Closing Date, as may be amended from time to time [*****]. “Commercial Paper” shall mean the commercial paper notes or other debt securities issued from time to time by means of which a Conduit Lender (directly or indirectly) obtains financing. “Commitment” of any Committed Lender means the Dollar amount set forth on Schedule I hereto or, in the case of a Committed Lender that becomes a party to this Agreement pursuant to an Assignment and Assumption Agreement, the amount set forth therein as such Committed Lender’s “Commitment”, in each case as such amount may be (i) reduced or increased by any Assignment and Assumption Agreement entered into by such Committed Lender and the other parties thereto in accordance with the terms hereof and (ii) reduced pursuant to Section 2.04(a). “Commitment Termination Date” means the earliest to occur of (i) the date that is 364 days after the Third Amendment Effective Date, (ii) the date that the Administrative Agent declares a Commitment Termination Date following the occurrence of any Amortization Event, or of any Event of Default pursuant to Section 7.02, and (iii) the date the Aggregate Commitments are reduced to zero pursuant to Section 2.02. “Committed Lender” means, as to any Lender Group, each Person listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns. “Comparable Agreement” means, with respect to GreenSky and its Subsidiaries, any agreement of GreenSky or any its Subsidiaries for the benefit of any third party in connection with any bankruptcy-remote financing secured by loans, Receivables or Participations. “Conduit Lender” means, as to any Lender Group, each Person listed on Schedule I as a “Conduit Lender” for such Lender Group, together with its respective successors and permitted assigns.
Sample 1

Related to Collections Policy

  • Medicare supplement policy means a group or individual policy of [accident and sickness] insurance or a subscriber contract [of hospital and medical service associations or health maintenance organizations], other than a policy issued pursuant to a contract under Section 1876 of the federal Social Security Act (42 U.S.C. Section 1395 et. seq.) or an issued policy under a demonstration project specified in 42 U.S.C. § 1395ss(g)(1), which is advertised, marketed or designed primarily as a supplement to reimbursements under Medicare for the hospital, medical or surgical expenses of persons eligible for Medicare. “Medicare supplement policy” does not include Medicare Advantage plans established under Medicare Part C, Outpatient Prescription Drug plans established under Medicare Part D, or any Health Care Prepayment Plan (HCPP) that provides benefits pursuant to an agreement under §1833(a)(1)(A) of the Social Security Act.

  • Servicer Policies and Practices means, with respect to the Servicer’s duties under Exhibit A to the Servicing Agreement, the policies and practices of the Servicer applicable to such duties that the Servicer follows with respect to comparable assets that it services for itself and, if applicable, others.

  • Credit and Collection Policies or “Credit and Collection Policy” means the policies, practices and procedures adopted by the Issuer on the Closing Date, including the policies and procedures for determining the creditworthiness of Obligors and the extension of credit to Obligors, or relating to the maintenance of those types of receivables and the related equipment and collections on those types of receivables and the related equipment.

  • R&W Policy means a representation and warranty insurance policy for the benefit of Buyer obtained in connection with this Agreement on the terms described on Schedule 1.01 of the Buyer Disclosure Schedule.

  • Credit and Collection Policy means the Originators’ credit and collection policies and practices relating to Contracts and Receivables existing on the date hereof and summarized in Exhibit VII hereto, as modified from time to time in accordance with this Agreement.

  • Investment Policies has the meaning assigned to such term in Section 3.11(c).

  • Reimbursement insurance policy means a policy of insurance

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • SAP Policies means the operational guidelines and policies applied by SAP to provide and support the Cloud Service as incorporated in an Order Form.

  • Safeguard Policy Statement or “SPS” means ADB's Safeguard Policy Statement (2009);

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Procurement Policy means ADB’s Procurement Policy - Goods, Works, Nonconsulting and Consulting Services (2017, as amended from time to time);

  • Credit Policy means the “New Jersey Infrastructure Bank Credit Policy,” as adopted by the Board of Directors of the I-Bank and as further amended and supplemented from time to time.

  • Investment Policy means the investment policy from time to time determined by the Commission under the Rules;

  • City Policies means any or all (as the context requires) of those procedures, standards and/or standard specifications, requirements, policies and the like listed in Schedule H or notified to the Supplier from time to time, as the same may be updated, modified, expanded, revised, supplemented and/or replaced from time to time by the City (as notified to the Supplier);

  • Primary Insurance Policy Each policy of primary mortgage guaranty insurance or any replacement policy therefor with respect to any Mortgage Loan.

  • Policy Statement means a written description of the current approach of an agency, entitled a policy statement by the agency head or its designee, to implementation of a statute or other provision of law, of a court decision, or of an agency order, including where appropriate the agency's current practice, procedure, or method of action based upon that approach.

  • Consensus Policies are those policies established (1) pursuant to the procedure set forth in ICANN’s Bylaws and due process, and (2) covering those topics listed in Section 1.2 of this Specification. The Consensus Policy development process and procedure set forth in ICANN’s Bylaws may be revised from time to time in accordance with the process set forth therein.

  • Claims Made Policies has the meaning set forth in Section 5.01(b).

  • Collection site means the location of waste containers on collection day.

  • Company Insurance Policies has the meaning set forth in Section 4.15.

  • Reinsurance Agreements means any agreement, contract, treaty, certificate or other arrangement by which any Insurance Subsidiary agrees to transfer or cede to another insurer all or part of the liability assumed or assets held by it under one or more insurance, annuity, reinsurance or retrocession policies, agreements, contracts, treaties, certificates or similar arrangements. Reinsurance Agreements shall include, but not be limited to, any agreement, contract, treaty, certificate or other arrangement that is treated as such by the applicable Department.

  • Risk Management Policy means the Risk Management Policy of the Borrower in effect on the date of this Agreement as amended from time to time.

  • Support Services Policy means Elastic’s support services policy for a Product, as further described at a URL referenced in an applicable Addendum.