Cash Collection. The designated Collection Officer shall use all reasonable efforts (including contacting the relevant customer) in order to allocate promptly and accurately the cash received and any associated credit memo to the relevant customer. All cheques received shall be lodged to the relevant Bank at the latest 5 business days after the reception date. In case of payment made by way of set-off by a customer, the collection officer shall contact, via phone, mail or fax, such customer to determine which Receivables have been paid in such manner. Customer communications should, as much as possible, be developed prior to any past due situation The designated Collection Officer should contact customers (via telephone, mail or fax) promptly when an invoice is due and enquire about the causes for non-payment. Collection calls need to be performed at least one time within the 15 days following the due date and then occur at least once every 2 weeks. The BU / Site Financial Controller has the capacity to block an order if he /she believes that the failure to pay result from a cash flow or credit difficulty from the relevant customer, irrespective of such customer not having exhausted the approved credit limit. If receivables remain unpaid for more than 30 days without reasonable explanation, the BU / Site Financial Controller will block the order or find appropriate solution with the customer. In case a commercial dispute relating to a Receivable remains unresolved for more than 60 days after the invoice due date, the Collection Officer is authorised to commence any administrative, legal or other action to obtain payment of the Receivable. The relevant BU / Site will promptly communicate to Coface all insured receivables that have not been paid within 210 days following the invoice date (“déclaration de menace de sinistre”) and ask Coface to intervene for litigation after 270 days following the invoice date.
Cash Collection. From and after the date of the entry of this Interim Order, all collections and proceeds of any DIP Collateral or Existing RBL Collateral or services provided by any Debtor and all Cash Collateral that shall at any time come into the possession, custody, or control of any Debtor, or to which any Debtor is now or shall become entitled at any time, shall be promptly deposited in the same lock-box and/or deposit accounts into which the collections and proceeds of the Existing RBL Collateral (the “Existing Collateral Accounts”) were deposited under the Existing RBL Loan Documents (or in such other accounts of the Debtors as are designated by the DIP Agent from time to time) (collectively, the “Cash Collection Accounts”), which accounts shall be subject to the sole dominion and control of the DIP Agent and the Existing RBL Agent (and the funds in such accounts may be used by the Debtors to the extent provided in this Interim Order and the DIP Loan Documents). Upon the direction of the DIP Agent or, following Payment in Full of the DIP Obligations, the Existing RBL Agent, at any time after the occurrence of a Termination Event and subject in all instances to the provisions of paragraph 7 and paragraph 15, all proceeds in the Cash Collection Accounts shall be remitted to the DIP Agent for application to the DIP Obligations until Payment in Full, and then to the Existing RBL Agent for application to the Existing RBL Adequate Protection Claims until Payment in Full of such claims. The Debtors are authorized to incur obligations and liabilities for treasury, depositary, or cash management services, including overnight overdraft services, controlled disbursement, automated clearinghouse transactions, return items, overdrafts, and interstate depository network services provided on a postpetition basis by any financial institution at which any Cash Collection Account is maintained; provided, however, that, except to the extent otherwise required by this Court, nothing herein shall require any DIP Secured Party or Existing RBL Secured Party to incur any overdrafts or provide any such services or functions to the Debtors.
Cash Collection a) Payment has to be made in Cash or On-line Bank In into the COMPANY’s account. Details of the bank account at the current moment are as follows. SMITCARE ,Syndicate Bank A/C no: 71761010018136 IFSC CODE: SYNB0007176
Cash Collection. Without limitation, prior to the Closing, Parent shall effectively have the right to exercise all incidents of ownership as to Cash, including the right to cause each Acquired Company to distribute Cash to Sellers or their designee. To the extent that the transfer of any Cash is not practical or possible on or prior to the Closing Date, Buyer shall cause the transfer of such Cash to Parent or its designee as soon as reasonably possible following the Closing Date, but in no event later than 30 days after Closing Date. German Seller shall pay all Taxes in connection with any such transfers/distributions regardless of whether such transfers/distributions were made prior to or following the Closing Date. German Seller shall indemnify and hold harmless Buyer for any Taxes paid by Buyer or post-Closing Acquired Companies in connection with any such transfers/distributions made to Parent or its designee.
Cash Collection a) Payment has to be made in Cash or On-line Bank In into the COMPANY’s account. Details of the bank account at the current moment are as follows. ADAMAYA MARKETING SDN BHD Maybank A/C no : 5-62759-11099-6
Cash Collection. Everytable shall retain all cash receipts realized from the retail program and shall pay all operating expenses associated with the retail program. Any profit or loss shall be for Everytable's account.
Cash Collection. Under no circumstances shall cash transactions be entertained with retailersduring the process of software sales.
Cash Collection. Should you apply for First National Bank Ghana to provide cash collection services to you, these General Terms and Conditions will be applicable to the service as well as any other terms and conditions specific to the cash collection processes and procedures. In the event of a conflict between the general terms and Conditions and the Specific terms and conditions, the Specific terms and conditions shall override the General terms and conditions.
Cash Collection. Any receipt by Lilly under Section 6.2(b), acting as an agent for United Therapeutics, of the receivables due from the Wholesaler, shall be consistent with those practices that Lilly uses for the collection of receivables owed Lilly for its own product sales. Lilly shall transfer any such receivables collected by Lilly on a monthly basis to United Therapeutics (via EFT/ACH or wire transfer). Lilly shall use Commercially Reasonable Efforts, consistent with Lilly’s usual collection practices, to collect payments due from Wholesalers with respect to Products delivered to such Wholesalers under this Agreement; provided, however, that Lilly does not guarantee any such collections. For purposes of clarification, United Therapeutics shall bear the risk of any and all uncollected receivables and bear ultimate responsibility for collecting same.
Cash Collection. Receipt of payment from a customer in a recognized form including a bank draft, bank deposit, or approved promissory note.
