Common use of Collection Schedule Clause in Contracts

Collection Schedule. Delinquencies will be handled as follows: EISB Collection Office sends 1stdelinquency notice to the delinquent Employer and EISB’s month-end report will reflect the delinquency. If the delinquent Employer fails to respond with the appropriate time, the delinquency is referred to EISB Collection Counsel; along with a copy of the Employer’s bond. Collection Counsel will send a demand letter to the delinquent Employer requesting the payment of the Employer’s full delinquency, liquidated damages, interest, and attorney’s fee. If appropriate, Collection Counsel, at the direction of the Board of Directors or EISB CAO, will file a lawsuit, stop notices, mechanic’s liens, claims on the Employers’ bonds, and take other action deemed appropriate such as demanding joint checks. By no later than the third month of the Employer’s delinquency, Collection Counsel is to have instituted the appropriate legal proceedings unless he or she concludes that a delay is in the Joint Services Agreement Signatories best interest or he or she has not yet received adequate information. If legal action is delayed, Collection Counsel will inform the Board of Directors of the delay and provide the reason(s) for the delay. If, however, a union representative or others have knowledge that an Employer is delinquent, and that information is conveyed to the EISB CAO, the delinquent Employer will be referred to Collection Counsel, as soon as the delinquency has been confirmed by EISB. After referral of a delinquent Employer to Collection Counsel, the EISB Collection Office will still continue its normal billing procedures and will update Collection Counsel and Board of Directors with periodic reports.

Collection Schedule. Delinquencies will be handled as follows: EISB Collection Office sends 1stdelinquency notice to the delinquent Employer and EISB’s month-end report will reflect the delinquency. If the delinquent Employer fails to respond with the appropriate time, the delinquency is referred to EISB Collection Counsel; along with a copy of the Employer’s bond. Collection Counsel will send a demand letter to the delinquent Employer requesting the payment of the Employer’s full delinquency, liquidated damages, interest, and attorney’s fee. If appropriate, Collection Counsel, at the direction of the Board of Directors or EISB CAO, will file a lawsuit, stop notices, mechanic’s liens, , claims on the Employers’ bonds, and take other action deemed appropriate such as demanding joint checks. By no later than the third month of the Employer’s delinquency, Collection Counsel is to have instituted the appropriate legal proceedings unless he or she concludes that a delay is in the Joint Services Agreement Signatories best interest or he or she has not yet received adequate information. If legal action is delayed, Collection Counsel will inform the Board of Directors of the delay and provide the reason(s) for the delay. If, however, a union representative or others have knowledge that an Employer is delinquent, and that information is conveyed to the EISB CAO, the delinquent Employer will be referred to Collection Counsel, as soon as the delinquency has been confirmed by EISB. After referral of a delinquent Employer to Collection Counsel, the EISB Collection Office will still continue its normal billing procedures and will update Collection Counsel and Board of Directors with periodic reports.