Duties in General. Buyer shall itself or through a servicing agent invoice Purchasers, debit their accounts through electronic funds transfer on a monthly basis or provide Purchasers with coupon books. On repurchase of Defaulted Receivables by Seller from Buyer, Seller shall bear all responsibility for collection and any related legal action.
Appears in 2 contracts
Sources: Contract of Sale of Timeshare Receivables With Recourse (Ilx Resorts Inc), Contract of Sale of Timeshare Receivables With Recourse (Ilx Resorts Inc)