PAYMENT AND COLLECTION definition

PAYMENT AND COLLECTION. All amounts payable hereunder are payable by check or wire transfer in immediately available funds to the account number specified by Lender, in lawful money of the United States. Borrower agrees to perform and comply with each of the covenants, conditions, provisions and agreements contained in every instrument now evidencing or securing said Indebtedness.
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PAYMENT AND COLLECTION. All payments are due within 25 days from the invoice date. Payments shall be in U.S. dollars. Buyer shall advise the Amkor Billing Department immediately of any discrepancies in regard to any invoice. Buyer agrees that all line items not in question or dispute shall be paid within the prescribed payment term. Amkor reserves the right to assess appropriate finance charges for delinquent payments. ACCEPTANCE/REJECTION: Claims for defects must be made in writing, within thirty (30) days of the receipt of the goods by Buyer. AMKOR authorization is required prior to Buyer return of goods to AMKOR for rework or credit. DELIVERY: AMKOR delivery of goods to carrier will constitute delivery of goods to the customer. RISK OF LOSS/INSURANCE. Buyer shall bear all risk of loss relating to all piece parts and other material provided to AMKOR by Buyer. Buyer shall provide insurance coverage door-to-door on all materials and equipment provided to AMKOR.
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Examples of PAYMENT AND COLLECTION in a sentence

  • IN THE EVENT OF A BREACH OF THIS AGREEMENT, ANY TAXES DUE BY OWNER SHALL BE SUBJECT TO ANY AND ALL STATUTORY RIGHTS FOR THE PAYMENT AND COLLECTION OF TAXES IN ACCORDANCE WITH THE TEXAS TAX CODE.

  • IN THE EVENT OF A BREACH OF THIS AGREEMENT, ANY AMOUNTS DUE FROM OWNER SHALL BE SUBJECT TO ANY AND ALL STATUTORY RIGHTS FOR THE PAYMENT AND COLLECTION OF TAXES IN ACCORDANCE WITH THE TEXAS TAX CODE.

  • IN THE EVENT OF A BREACH OF THIS PARAGRAPH (D), ANY TAXES DUE BY OWNER SHALL BE SUBJECT TO ANY AND ALL STATUTORY RIGHTS FOR THE PAYMENT AND COLLECTION OF TAXES IN ACCORDANCE WITH THE TEXAS TAX CODE.

  • IN THE EVENT OF A BREACH OR DEFAULT OF THIS AGREEMENT, ANY TAXES DUE BY OWNER SHALL BE SUBJECT TO ANY AND ALL STATUTORY RIGHTS FOR THE PAYMENT AND COLLECTION OF TAXES IN ACCORDANCE WITH THE TEXAS TAX CODE.

  • IN THE EVENT OF A BREACH OF THIS AGREEMENT, ANY TAXES DUE BY COMPANY SHALL BE SUBJECT TO ANY AND ALL STATUTORY RIGHTS FOR THE PAYMENT AND COLLECTION OF TAXES IN ACCORDANCE WITH THE TEXAS TAX CODE.

  • GUARANTEE OF PAYMENT AND COLLECTION The undersigned, Gulfside Casino, Inc., Patrician, Inc., and Artemis, Inc., hereby jointly and severally guarantee payment and collection of the above and foregoing Installment Promissory Note in the principal amount of $8,000,000.00.

  • IN THE EVENT OF ANY CONFLICT BETWEEN (1) THE TASK DESCRIPTION AND (2) THE PAYMENT AND COLLECTION DESCRIPTION AND PAYMENT AND MORTGAGE LOAN STATUS REPORTS, THEN THE PAYMENT AND COLLECTION DESCRIPTION AND PAYMENT AND MORTGAGE LOAN STATUS REPORTS SHALL GOVERN.

  • IN THE EVENT OF A BREACH OF THIS PARAGRAPH IV(D), ANY TAXES DUE BY OWNER SHALL BE SUBJECT TO ANY AND ALL STATUTORY RIGHTS FOR THE PAYMENT AND COLLECTION OF TAXES IN ACCORDANCE WITH THE TEXAS TAX CODE.

  • IN THE EVENT OF A BREACH OF THIS SECTION IV(E), ANY TAXES DUE BY OWNER SHALL BE SUBJECT TO ANY AND ALL STATUTORY RIGHTS FOR THE PAYMENT AND COLLECTION OF TAXES IN ACCORDANCE WITH THE TEXAS TAX CODE.

Related to PAYMENT AND COLLECTION

  • Finance Charge Collections means Collections of Finance Charge Receivables.

  • Net Collections With respect to any Corrected Mortgage Loan, an amount equal to all payments on account of interest and principal on such Mortgage Loan.

  • Interest Collections means, (i) with respect to any Loan Asset, all payments and collections attributable to interest on such Loan Asset, including, without limitation, all scheduled payments of interest and payments of interest relating to principal prepayments, all guaranty payments attributable to interest and proceeds of any liquidations, sales, dispositions or securitizations attributable to interest on such Loan Asset and (ii) amendment fees, late fees, waiver fees or other amounts received in respect of Loan Assets.

  • Principal Collections means Collections of Principal Receivables.

  • Available Finance Charge Collections means, for any Monthly Period, an amount equal to the sum of (a) the Investor Finance Charge Collections for such Monthly Period, (b) the Series 2012-1 Excess Finance Charge Collections for such Monthly Period, (c) Principal Accumulation Investment Proceeds, if any, with respect to the related Transfer Date, (d) interest and earnings on funds on deposit in the Reserve Account which will be deposited into the Finance Charge Account on the related Payment Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(a), and (e) amounts, if any, to be withdrawn from the Reserve Account which will be deposited into the Finance Charge Account on the related Transfer Date to be treated as Available Finance Charge Collections pursuant to Section 4.10(c).