Collection System Clause Samples

The Collection System clause defines the procedures and responsibilities related to the gathering, handling, and management of payments or receivables under an agreement. Typically, it outlines how funds are to be collected from customers or third parties, specifies the accounts into which payments should be deposited, and may detail the timing and reporting requirements for such collections. By establishing clear rules for the collection process, this clause helps ensure that payments are properly tracked and allocated, reducing the risk of disputes or mismanagement of funds.
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Collection System. The Administrative Agent shall have received copies of each Account Control Agreement (with trigger) and each Account Control Agreement (without trigger) required by the Collection System, originally executed and delivered by each party thereto.
Collection System. (i) All Collections shall be received into and deposited to a Collection Account that is subject to an Account Control Agreement (with trigger). (ii) No Credit Party shall establish any new lockbox or collection arrangement without consent of the Administrative Agent and prior to establishing any such new lockbox or collection arrangement, the Borrower shall cause each bank or financial institution with which it seeks to establish such a lockbox or collection arrangement to enter into an Account Control Agreement (with trigger), as determined by the Administrative Agent with respect thereto. (iii) Without the prior written consent of the Administrative Agent, no Credit Party shall (A) change the general instructions given to the Servicer in respect of payments on account of Receivables to be deposited in the Collection System or (B) change any instructions given to any bank or financial institution which in any manner redirects the proceeds of any collections in the Collection System. (iv) The Credit Parties acknowledge and agree that all Collections paid or deposited to the Collection System in respect of any Receivable are the sole property of the Borrower and that the Originating Subsidiaries have no right, title or interest to such Collections, subject to the Lien in favour of the Collateral Agent for the benefit of the Secured Parties. For greater certainty, all Collections paid or deposited to a Collection Account in the name of an Originating Subsidiary shall be held in trust for the Borrower, subject to the Lien in favour of the Collateral Agent for the benefit of the Secured Parties. The Credit Parties further acknowledge and agree that all Collections paid or deposited to the Collection System in respect of any Receivable (A) shall constitute a repayment by the Originating Subsidiary to which such Receivable was owed on account of Originating Subsidiary Loans owed by such Originating Subsidiary to the Borrower, (B) the funds on deposit in the Collection Accounts and the Interest Account shall continue to be collateral security for the Obligations secured thereby, and (C) upon the occurrence and during the continuance of an Event of Default, the funds on deposit in the Collection System shall be applied as provided in Section 2.12. (v) Each Credit Party shall ensure that the Administrative Agent shall at all times have online monitoring access to the Interest Account and each Collection Account.
Collection System. The whole set of pipes, pumping stations, compressors, storage tanks, delivery systems, roads and other necessary and/or useful installations or any other means, including their design, equipment, construction and maintenance which are required to collect and transport the Oil to the inlet of the Oil Pipeline, in the case of Oil, and to the Point of Delivery, Control and Final Measurement of the Gas, in the case of Gas. One.
Collection System. Each wind turbine generates three-phase electrical power that is transformed to 34.5 kilovolts (“kV”) with an oil-filled, medium-voltage transformer. Power from each transformer is delivered to an on-site collector substation via underground power collection circuits. A circuit consists of the underground
Collection System. County shall operate and maintain the Collection System on property located at the Landfill site.
Collection System. Franchisee shall use the following collection systems:
Collection System. The Company’s sewer collection system consists of mostly eight-inch gravity sewer. There is a lift station at the end of a cul-de-sac which pumps waste water a short distance through a pressure collecting sewer until it reaches the treatment plant. At the time of Staff’s visit, the lift station lock had been cut by a service person and had not been replaced. The Company told Staff that a new lock would be installed on the lift station. The Company has smoke tested the collecting sewers looking for water infiltration points in the collection system, and has reportedly made a significant number of repairs, but still has a large amount of I&I entering the treatment plant. Excessive ‘clean’ stormwater entering the system reduces plant capacity, can interfere with proper treatment, and in extreme cases can wash sludge from the treatment plant into the receiving stream. (▇▇▇▇▇▇/Dallas) South Walnut Hills Treatment Facility The Company has installed a new extended aeration waste water treatment plant near the location of the old plant in the South Walnut Hills service area, formerly owned by W.P.C. Sewer Company. The new plant has been placed next to the former plant and the fencing around the facility has been replaced. Staff sent data requests (DRs) to the Company requesting the engineering report and feasibility studies to see what alternatives the Company and engineering firm considered prior to installing the new plant to determine if there were other more cost effective methods for treatment or updating the existing facility to perform satisfactorily. In a report from 21 Design Group Engineering and Surveying, “[T]he wastewater facility was exhibiting multiple signs of failure and had currently surpassed its useful life.” Issues cited were the need for flow equalization due to large amounts of inflow and infiltration (I & I), poor condition of the steel frame of the structure, age and poor condition of piping and mechanical blowers due to poor maintenance, current design was not properly configured for nutrient removal, lack of sludge holding, and safety concerns. [C]onsideration was given to repairing the facility, but due to structural failures precluding adding new equipment, the history of floating due to hydrostatic pressure which could not be anchored due to structural failure risk or internal weighting which would reduce required tankage contact surface area for waste water treatment, the need for a new plant configuration to meet MDNR nutrient remov...
Collection System. Each reach of collection system gravity sewers and manholes, excluding individual service connections, shall be subjected to tests for alignment, leakage, and deflection. Individual service connections shall be tested for leakage only. Alignment Each reach of sewer between manholes shall be tested for alignment by ▇▇▇▇▇▇▇ between manholes. If the lamp can be seen directly from one manhole to another the reach of sewer between shall be considered in compliance with respect to alignment. Exfiltration Exfiltration tests shall be conducted by blocking off all manhole openings except those connecting the reach being tested, filling the line with water, and measuring the water required to maintain a constant level in the manholes. Each manhole shall be subjected to at least one exfiltration test. The water level in the manholes at the lower end of the reach of pipe being tested shall not be lower than ground level or higher than 8 meters above the centerline of the pipe. The water level in the manholes at the upper end of the reach of pipe being tested shall be at least 1.5 meters above the crown of the pipe. The maximum exfiltration rate measured in the test shall not exceed the value specified in Annex 3. For the purposes of testing, the nominal diameter and depth of manholes shall be included in the same manner as pipe. Minimum test period shall be 2 hours. Low pressure air testing may be used in lieu of water testing for 600 mm and smaller diameter pipe. Low pressure air testing shall comply with ASTM C828 for plastic pipe and C924 for concrete pipe. The elapsed time for a 6.9 kPa drop in air pressure shall be not less than the limit set in the governing standard (ASTM). Deflection After backfilling is complete, each reach of flexible pipe shall be checked for excessive deflection by pulling a mandrel through the pipe. Mandrel tests shall not be performed until 28 days after completion of backfilling. Maximum deflection shall not exceed the limit specified in Annex 3. Wastewater pumping stations shall be tested for hydraulic pumping capacity. Before testing, each pump shall be operated individually and demonstrated to run without excessive vibration or power usage. After each individual pump has been operated successfully, and after a sufficient number of connections have been made to provide adequate sewage flow, the pumping station shall be operated with all pumps running, except for standby pumps, for a period of 10 minutes to demonstrate a capacity at le...
Collection System. The Manager shall develop, implement and maintain procedures for the collection of outstanding accounts receivable, in accordance with all applicable federal and state laws, rules and regulations, from both interexchange carriers and end user customers for the Network. The Manager shall perform credit checks to determine the credit worthiness of new customers.
Collection System. The successful bidder is to provide evidence that shows the device does not affect the result in any way. Please provide evidence of the adsorption of drugs or metabolites onto the matrix of the collection system. A declaration of conformity should be provided with the necessary information supporting conformity under the Directive.