Payment Collections Sample Clauses
Payment Collections. Servicer is responsible for collection of all payments made with respect to Receivables. and for accounting to Owner for all Collections. Servicer is responsible for instructing hospitals and patients to remit payments and/or settlements to Servicer. Owner will promptly report to Servicer any direct payments it receives from hospitals or patients with respect to any Receivables.
Payment Collections. All sums received by the Servicer with respect to any Loans, whether attributable to principal, interest, or late fees shall be received in trust for the benefit of the Lender. All funds received by or on behalf of Borrowers shall be deposited in a Servicer-owned and maintained clearing account. Within an average of [**] Business Days, all cleared, identified, and available funds from Loans shall be electronically transmitted to an account designated by Lender. Lender authorizes Servicer to withdraw monies from Servicer-owned clearing accounts to refund overpayments made by a Borrower or to correct monies deposited therein in error. Servicer shall obtain Lender’s authorization prior to making any withdrawals made necessary by circumstances that are not enumerated in this Section 4.12.
Payment Collections. 4.1.1. Uber will be responsible for collecting from Merchants any applicable amounts, including but not limited to, taxes if required under any Uber Eats Merchant Agreement with such Merchants.
▇.▇.▇. ▇▇ no event will you receive or be responsible for any payments from or to Merchants that arise from such Uber Eats Merchant Agreement.
Payment Collections. CGA shall open in its own name a bank account for each Client, which will be dedicated to the collection of such Client’s debtors’ payments. The references of each of these accounts shall be given in writing to each relevant Client. Each Client, in accordance with its mandate, receives its debtors’ payments as a depositary agent and commits itself to: - Remit the payment means and instruments to the dedicated account of such Client without delay and informing CGA, - Ask debtors to make their wire transfers directly to the dedicated account of such Client and provide CGA with a copy of that request. Any wire transfers credited to another account should be repaid into the dedicated account of such Client immediately. Should these commitments not be respected, CGA is allowed, if such breach is not remedied by the Client within three business days, to reduce the payments it would have to make to the relevant Client or to debit the current account of such Client by the same amount, without prejudice to any other legal action CGA would have against such Client in such cases. Should the current account of a Client be debited, this debit note operates to repay CGA only if the available portion of the current account of such Client has an adequate credit position. Each Client authorize CGA to credit its relevant current account with any remittance CGA may receive in the name of such Client, regardless of its date or allocation.