Notification and Collection Sample Clauses

Notification and Collection. We understand that you will:
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Notification and Collection. Bank is authorized and empowered at any time in its sole discretion to do and cause to be done any one or more of the following: (a) to require Grantor to notify, or itself to notify, either in its own name or in the name of Grantor any and all of the account debtors and any other person obligated to Grantor, that Grantor’s Receivables have been assigned to Bank and to request in its name, in the name of Grantor and in the name of a third person, as it elects, confirmation from any such account debtor and other person of the amount payable and any other matter stated therein or relating thereto; (b) to demand, collect and compromise for any and all sums which are now due and any and all sums which may hereafter arise and become due and owing upon any of said Receivables and upon any other obligation to Grantor; (c) to enforce payment of any Receivable and any other obligation of any person to Grantor either in its own name or in the name of Grantor; and (d) to endorse in the name of Grantor and to collect any Instrument and other medium of payment, whether tangible or electronic, tendered or received in payment of the Receivables that constitute Collateral and any other obligation to Grantor. But, Bank under no circumstances shall be under any duty to act in regard to any of the foregoing matters. Without limiting the provisions of Section 3.3.4., but in addition thereto, Grantor hereby appoints Bank and any representative of Bank as Bank may from time to time designate, as attorneys-in-fact for Grantor, to sign and endorse in the name of Grantor, to give notices in the name of Grantor and to perform all other actions necessary and desirable in the reasonable discretion of Bank to effect these provisions and carry out the intent hereof. Grantor hereby ratifies and approves all acts of such attorneys-in-fact and neither Bank nor any other such attorneys-in-fact will be liable for any acts of commission or omission nor for any error of judgement or mistake of fact or law, unless such acts of commission or omission, or other errors constitute gross negligence or willful misconduct. The foregoing power, being coupled with an interest, is irrevocable so long as any Receivable pledged and assigned to Bank remains unpaid and this Security Agreement is in force. The costs and expenses of such collection and enforcement shall be borne solely by Grantor, whether the same are incurred by or on behalf of Bank or Grantor, and if paid or incurred by Bank the same shall ...
Notification and Collection. Administrator shall have the right to send out notices with respect to and collect all amounts payable for services rendered pursuant to or in connection with the Plan, including, but not limited to, annual registration fees levied on all registrants under the Plan. Administrator may send out notices under the name of and on behalf of the Plan. The Plan and the Plan Board hereby appoint Administrator to be their true and lawful attorney-in-fact for the following purposes (i) to notify registrants in their name and on their behalf, (ii) to collect, on behalf of participating states and the Plan, accounts receivable resulting from such notification in their name and on their behalf,
Notification and Collection. Borrower understands that Lender will, upon Default:

Related to Notification and Collection

  • Administration and Collection SECTION 6.01.

  • Billing and Collection The Originating party shall xxxx and collect such information service charges and shall remit the amounts collected to the Terminating Party less:

  • Payments and Collections All funds received by the Agent in respect of any payments made by any Borrower on the Term Notes shall be distributed promptly on the date of receipt thereof by the Agent among the Banks, in like currency and funds as received, ratably according to each Bank’s Term Loan Percentage. All funds received by the Agent in respect of any payments made by any Borrower on the Revolving Notes, Revolving Commitment Fees or Letter of Credit Fees shall be distributed promptly on the date of receipt thereof by the Agent among the Banks, in like currency and funds as received, ratably according to each Bank’s Revolving Percentage. After any Event of Default has occurred, all funds received by the Agent, whether as payments by the Borrowers or as realization on collateral or on any guaranties, shall (except as may otherwise be required by law) be distributed by the Agent in the following order: (a) first to the Agent or any Bank that has incurred unreimbursed costs of collection with respect to any Obligations hereunder, ratably to the Agent and each Bank in the proportion that the costs incurred by the Agent or such Bank bear to the total of all such costs incurred by the Agent and all Banks; (b) next to the Agent for the pro rata account of (i) the Banks (in accordance with their respective Total Percentages) for application on the Notes and (ii) the Rate Protection Providers (in accordance with their outstanding and owed Rate Protection Obligations) for application on the Rate Protection Agreements; (c) next to the Agent for the account of the Banks (in accordance with their respective Revolving Percentages) for any unpaid Revolving Commitment Fees or Letter of Credit Fees owing by the Borrowers hereunder; and (d) last to the Agent to be held in the Holding Account to cover any outstanding Letters of Credit.

  • Remittance of Payments and Collections 13.18.1. All payments by any Lender to Agent shall be made not later than the time set forth elsewhere in this Agreement on the Business Day such payment is due; provided, however, that if such payment is due on demand by Agent and such demand is made on the paying Lender after 11:00 a.m. on such Business Day, then payment shall be made by 11:00 a.m. on the next Business Day. Payment by Agent to any Lender shall be made by wire transfer, promptly following Agent’s receipt of funds for the account of such Lender and in the type of funds received by Agent; provided, however, that if Agent receives such funds at or prior to 12:00 noon, Agent shall pay such funds to such Lender by 2:00 p.m. on such Business Day, but if Agent receives such funds after 12:00 noon, Agent shall pay such funds to such Lender by 2:00 p.m. on the next Business Day.

  • Data Collection and Usage The Company and the Employer collect, process and use certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, email address, date of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships held in the Company, details of all restricted stock units or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised, vested, unvested or outstanding in the Participant’s favor (“Data”), for the legitimate purpose of implementing, administering and managing the Plan. The legal basis, where required, for the processing of Data is the Participant’s consent.

  • Application of Payments and Collections All items of payment received by Agent by 12:00 noon, Chicago, Illinois, time, on any Business Day shall be deemed received on that Business Day. All items of payment received after 12:00 noon, Chicago, Illinois, time, on any Business Day shall be deemed received on the following Business Day. Borrower irrevocably waives the right to direct the application of any and all payments and collections at any time or times hereafter received by Agent from or on behalf of Borrower, and Borrower does hereby irrevocably agree that Agent shall have the continuing exclusive right to apply and reapply any and all such payments and collections received at any time or times hereafter by Agent or its agent against the Obligations, in such manner as Agent may deem advisable, notwithstanding any entry by Agent or any Lender upon any of its books and records. Amounts received by the Agent shall be for further credit to the accounts of Lenders pursuant to the settlement procedures contained in subsection 3.1.3 of this Agreement. Notwithstanding the foregoing, payments and collections shall not be applied to Obligations consisting of Derivative Obligations or Product Obligations at any time that any other Obligations are then due and payable. If as the result of collections of Accounts as authorized by subsection 6.2.4 hereof or otherwise, a credit balance exists in the Loan Account, such credit balance shall not accrue interest in favor of Borrower, but shall be disbursed to Borrower or otherwise at Borrower's direction in the manner set forth in subsection 3.1.2, upon Borrower's request at any time, so long as no Default or Event of Default then exists. Agent may at its option, offset such credit balance against any of the Obligations upon and during the continuance of an Event of Default.

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