Collections Services Clause Samples
Collections Services. Provider will follow-up with the student if account balance payments due to Client are not made on a timely basis. Provider will offer, approve and follow-up on payment plans with student in accordance with the policies and procedures established by Client. Client determines when and under what circumstances students of the Institution are permitted to enroll or continue enrollment in school due to non-payment and when delinquent accounts are moved to an outside collections function to be managed by Client’s third-party servicers. Client oversees relationship with outside collections firms. Client collects and disburses all funds.
Collections Services. Until the Collections Separation Process (as defined in Exhibit B) has been completed (the “Collections Separation Term”), HPI and SEG shall, and shall cause their respective Subsidiaries to, cooperate with each other and use commercially reasonable efforts to effect the separation of their respective collections processes substantially in the manner set forth in Exhibit B hereto, including with respect to (i) lockbox and collection accounts, (ii) credit card receipts, (iii) international rights and royalties and (iv) ACH client direct debit.