Credit and Collection Procedures Sample Clauses

Credit and Collection Procedures. The Servicer has complied in all material respects with the Credit and Collection Procedures (or, prior to the existence thereof in documented form, the substance thereof) with regard to each Pool Receivable and the related Contracts.
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Credit and Collection Procedures. Any credit given in respect of the Receivable constitutes normal payment extension only and was granted in conformity with the relevant Seller Credit and Collection Procedures;
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Credit and Collection Procedures. Such Originator has complied in all material respects with the Credit and Collection Procedures (or, prior to the existence thereof in documented form, the substance thereof) with regard to each Receivable and related Contract sold, contributed, transferred or assigned by it hereunder.
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Credit and Collection Procedures. [Please refer to following page] ANNEX 8 COMPUTER RELATIONSHIP GUIDE [Please refer to following page] ANNEX 9 TRANSFERRED RECEIVABLE LEDGERS [Please refer to following page] ANNEX 10 FORM OF CONSENT LETTER [Letterhead of Constellium [—]] Date: [—] From : Constellium [—] To: Name of Debtor Dear Sirs, We refer to the [supply/purchase] agreement dated [—] between [Name of Debtor] and Constellium [—] (the “Agreement”). [Insert any relevant background information, if needed] We write to inform you that we will be seeking to raise finance for our general corporate and other purposes and that we will obtain such financing by way of transferring, assigning or collateralizing receivables payable to us by our customers, including [Name of Debtor], notably pursuant to the Agreement. In this context, we will be assigning, pledging, transferring or otherwise disposing of, by way of security or otherwise, some or all of our receivables arising (whether in the past, now or in the future) from the Agreement to one or more persons (which will be entities providing financing to the Constellium Group, being either (a) financial institutions or (b) special purpose entities funded by (i) financial institutions and/or (ii) the capital markets, in each case in the context of factoring/true sale arrangements, which are in line with general market standards) in connection with any such proposed financing and we kindly ask you (on your own behalf and for and on behalf of your European and Middle East affiliates from time to time party to the Agreement (whether in the past, now or in the future) (together, from time to time, your “Affiliates”)) to consent and agree to us doing so, if and to the extent such consent and agreement is required by the Agreement. We also kindly ask you to confirm that, by your signature of this letter, each of your Affiliates from time to time party to the Agreement (whether in the past, now or in the future) will also have consented and agreed to and be bound by the matters contemplated by this letter. Your (including those of your Affiliates) and our rights and obligations under the Agreement otherwise remain unchanged. If you have any questions concerning this letter, please contact us at +[—]. Yours faithfully, Constellium [—] We hereby consent, on our own behalf and for and on behalf of our Affiliates (as defined in the above letter), whose consent and agreement and agreement to be bound we are duly authorized to give, to Constellium [—] assigning, p...
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Related to Credit and Collection Procedures

  • Collection Procedures (a) On or before the Closing Date, the Seller and the Purchaser shall have established and shall maintain thereafter the system of collecting and processing Collections of Receivables in accordance with Section 2.02 of the Servicing Agreement.

  • Credit and Collection Policies Comply in all material respects with the Credit and Collection Policy in regard to each Pool Receivable and the related Contract.

  • Credit and Collection Policy The Servicer has complied in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contracts.

  • Compliance with Credit and Collection Policy Such Seller Party has complied in all material respects with the Credit and Collection Policy with regard to each Receivable and the related Contract, and has not made any change to such Credit and Collection Policy, except such material change as to which the Agent has been notified in accordance with Section 7.1(a)(vii).

  • Collection Procedure Escrow Agent is hereby authorized to deposit the proceeds of each wire in the Escrow Account.

  • Loan Procedures 19 2.2.1 Various Types of Loans.................................................................. 19 2.2.2 Borrowing Procedures.................................................................... 19 2.2.3 Conversion and Continuation Procedures.................................................. 20 2.3

  • Compliance with Contracts and Credit and Collection Policy Such Seller Party will timely and fully (i) perform and comply with all provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and (ii) comply in all respects with the Credit and Collection Policy in regard to each Receivable and the related Contract.

  • Data Collection, Processing and Usage The Company collects, processes and uses the International Participant’s personal data, including the International Participant’s name, home address, email address, and telephone number, date of birth, social insurance number or other identification number, salary, citizenship, job title, any shares of Common Stock or directorships held in the Company, and details of all Equity Awards or any other equity compensation awards granted, canceled, exercised, vested, or outstanding in the International Participant’s favor, which the Company receives from the International Participant or the Employer. In granting the Equity Award under the Plan, the Company will collect the International Participant’s personal data for purposes of allocating shares of Common Stock and implementing, administering and managing the Plan. The Company’s legal basis for the collection, processing and usage of the International Participant’s personal data is the International Participant’s consent.

  • Change in Credit and Collection Policy At least thirty (30) days prior to the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice (A) indicating such change or amendment, and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables, requesting the Agent's consent thereto.

  • Allocation Procedures On each Business Day, the Credit Facility Team shall seek to collect data on the uninvested cash of Funds listed on Schedule B hereto from such Funds’ custodian. On each occasion that a Fund delivers Borrowing Instructions to the Credit Facility Team, the Credit Facility Team will seek to match the amount and term of the Fund’s borrowing needs with the cash available from the Funds that have provided Lending Instructions in accordance with allocation and administrative procedures established by the Board of Trustees. The Credit Facility Team shall allocate the borrowing demand and lending needs among the Funds on what the Credit Facility Team deems to be an equitable basis and in accordance with the Interfund Lending Procedures. The Credit Facility Team shall not solicit cash for Loans from any Funds or publish or disseminate the amount of any current borrowing demand to the Adviser’s investment personnel. No Loan may be made unless the Interest Rate is more favorable for the Lender than both the OTD Rate and the Repo Rate and more favorable for the Borrower than the Bank Loan Rate.

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