Right to Collect Clause Samples
The 'Right to Collect' clause grants a party the legal authority to pursue and recover payments or debts owed under the agreement. In practice, this clause typically outlines the circumstances under which the party may initiate collection efforts, such as after a missed payment deadline, and may specify acceptable methods for collection, including direct contact, use of collection agencies, or legal action. Its core function is to ensure that the party owed money has a clear and enforceable mechanism to secure payment, thereby reducing the risk of non-payment and providing a structured process for debt recovery.
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Right to Collect. Following the closing, Subsidiary shall have the right to collect the accounts receivables of the Company and to settle, compromise, ▇▇▇ for collection, or take any action whatsoever with respect to the receivables. Company shall cooperate with Subsidiary in notifying customers as to any payment instructions or change of address that Subsidiary may wish to communicate to the customers. In the event Company receives payment of any receivable transferred to the Subsidiary, it shall promptly endorse such payment and deliver it over to the Subsidiary.
Right to Collect. Following the closing, Operating Corp. shall have the right to collect the accounts receivables of the Company and to settle, compromise, ▇▇▇ for collection, or take any action whatsoever with respect to the receivables. Company shall cooperate with Operating Corp. in notifying customers as to any payment instructions or change of address that Operating Corp. may wish to communicate to the customers. In the event Company receives payment of any receivable transferred to the Operating Corp., it shall promptly endorse such payment and deliver it over to the Operating Corp.
Right to Collect. Should monies due the Contractor for Work performed be insufficient to cover such liquidated damages, then Owner shall have the right to recover said sum or sums from the Contractor, from his Surety, or both.
Right to Collect. Store and Use Your Information. By submitting data, materials, content or other information (collectively, “Information”) to CenturyLink you are licensing that Information to CenturyLink for the purpose of providing the CenturyLink Connected Home service. By submitting Information to CenturyLink—or allowing CenturyLink to collect such Information—you represent that you are entitled to submit it to CenturyLink for use for this purpose, without any obligation by CenturyLink to pay any fees or other limitations.
Right to Collect. Store and Use Your Information. By submitting data, materials, content or other information (collectively, “Information”) to Brightspeed you are licensing that Information to Brightspeed for the purpose of providing the Brightspeed Connected Home service. By submitting Information to Brightspeed—or allowing Brightspeed to collect such Information—you represent that you are entitled to submit it to Brightspeed for use for this purpose, without any obligation by Brightspeed to pay any fees or other limitations.
Right to Collect. Following the closing, Operating Subsidiary shall have the right to collect the accounts receivables of the Company or any of the HTF Subsidiaries in existence at the Time of Closing and to settle, compromise, ▇▇▇ for collection, or take any action whatsoever with respect to the receivables. Company shall cooperate with Operating Subsidiary in notifying customers as to any payment instructions or change of address that Operating Subsidiary may wish to communicate to the customers. In the event Company receives payment of any receivable transferred to the Operating Subsidiary, it shall promptly endorse such payment and deliver it over to the Operating Subsidiary.
Right to Collect. Purchaser shall have the sole right to make collections with respect to all Loans.
Right to Collect. After the occurrence of any Notification Event, Seller authorizes [*] to collect, ▇▇▇ for and give releases for and in the name of Seller or [*] in [*]'s sole discretion, all amounts due on Accounts sold to [*] hereunder. Seller specifically authorizes [*] to endorse, in the name of Seller, all checks, drafts, trade acceptances or other forms of payment tendered by Account Debtors in payment of Accounts sold to hereunder and made payable to Seller. [*] shall have no liability to Seller for any mistake in the application of any payment received with respect to any Account, IT BEING THE SPECIFIC INTENT OF THE PARTIES HERETO THAT [*]SHALL HAVE NO LIABILITY HEREUNDER FOR ITS OWN NEGLIGENCE, except for its own gross negligence and willful misconduct. After the occurrence of any Notification Event, Seller hereby waives notice of nonpayment of any Account sold to [*] hereunder as well as any and all other notices with respect to such Accounts, demands or presentations for payment and agrees that [*] may extend, renew or modify from time to time the payment of, or vary, reduce the amount payable under or compromise any of the terms of, any Account purchased by [*], in each case without notice to or the consent of Seller. After the occurrence of any Notification Event, Seller further authorizes (or its designee) to open and remove the contents of any post office box of Seller which [*] believes contains mail relating to Accounts, and in connection therewith or otherwise, to receive, open and dispose of mail addressed to Seller which [*] believes may relate to Accounts, and in order to further assure receipt by [*] (or its designee) of mail relating to such Accounts, to notify other parties including customers and postal authorities to change the address for delivery of such mail addressed to Seller to such address as may designate. [*]agrees to use reasonable measures to preserve the contents of any such mail which does not relate to the Accounts of Seller and to deliver same to Seller (or, at the election of [*], to notify Seller of the address where Seller may take possession of such contents; provided, if Seller does not take possession of such contents within 30 days after notice from [*] to take possession thereof, [*] may dispose of such contents without any liability to Seller).
Right to Collect. NOTWITHSTANDING THE FOREGOING, NOTHING IN THIS AGREEMENT SHALL PREJUDICE CONEXANT'S RIGHT TO COLLECT IN FULL ALL SUMS PAYABLE BY LICENSEE TO CONEXANT UNDER THE TERMS OF THIS AGREEMENT.
Right to Collect. AmericasBank shall have the sole right to make collections with respect to all Loans.