Collection Action means any of the following:
Collection Action means (A) to demand, sue for, take or receive from or on behalf of the Company, by set-off or in any other manner, the whole or any part of any moneys which may now or hereafter be owing by the Company under this Note, (B) to initiate or participate with others in any lawsuit, action, or Proceeding against the Company to (1) enforce payment of or to collect the whole or any part of the indebtedness evidenced by this Note, or (2) commence judicial enforcement of any of the rights and remedies under this Note or under applicable law with respect to this Note, or (C) to accelerate any indebtedness evidenced by this Note.
Collection Action means (a) to accelerate the Intercompany Debt or (b) to initiate or participate with others in any Bankruptcy Event or any other suit, action or proceeding against any Credit Party to (i) enforce payment of or to collect the whole or any part of the Intercompany Debt or (ii) commence enforcement (judicial or otherwise) of any of the rights and remedies with respect to the Intercompany Debt.
Examples of Collection Action in a sentence
Upon information and belief, the Collection Action Members are so numerous the joinder of all members is impracticable.
Extraordinary Collection Action (ECA): ECAs are defined as those actions requiring a legal or judicial process, involve selling a debt to another party or reporting adverse information to credit agencies or bureaus.
See Chapter 7, Termination of Collection Action, Write-off and Close-out/ Cancellation of Indebtedness, for information on Form 1099-C reporting.
Reasonable Efforts - The Business Office Manager will be responsible for ensuring that the facility has made reasonable efforts to determine whether a patient is eligible for financial assistance prior to engaging in any Extraordinary Collection Action (ECA).
Subpart J—Initiating Collection Action on Pay Patients§ 728.111 General.The Comptroller of the Navy has ap- proved a system of transactions that generates reports to COMNAV MEDCOM on unfunded reimbursable transactions.
More Definitions of Collection Action
Collection Action means to initiate or participate with others in any suit, action or proceeding against any Buyer to (i) enforce payment of or to collect the whole or any part of the Subordinated Obligations or (ii) commence judicial enforcement of any of the rights and remedies under applicable law, the Subordinated Note, or any other documents evidencing, securing or otherwise related to the Subordinated Obligations.
Collection Action means to (i) exercise or enforce any rights or remedies or assert any claims against the Bank Collateral or Subordinated Lenders' Collateral; (ii) make any claim or commence or initiate any action, lawsuit, case or proceeding against any of the Obligors or join together or with any creditor other than, with its consent, the Bank in any action, lawsuit, case or proceeding against the Obligors (including, but not being limited to, proceedings under the Bankruptcy Code); (iii) contact any account of any of the Obligors or attach or take possession of any Bank Collateral or Subordinated Lenders' Collateral or exercise any right of foreclosure or any right or remedy with respect to any of the Obligors or the Bank Collateral or Subordinated Lenders' Collateral; or (iv) take any other action prejudicial to or inconsistent with the Bank's rights and first priority secured position with respect to the Obligors or the Bank Collateral, including, without limitation, that any action that will impede, interfere with, restrict, or restrain the exercise by the Bank of its rights and remedies under the Loan Documents or contest in any manner the perfection, priority or validity of any lien held by the Bank in any of the Bank Collateral.
Collection Action means the issuance of a delinquent notice or billing, a tax warrant, or any other attempt to obtain payment of an unpaid amount. The term “collection action” does not include an attempt by an auditor to collect an assessment arising from the performance of an audit by such auditor.
Collection Action means (a) to demand, xxx for, take or receive (other than as permitted hereunder) from or on behalf of any Obligor by set-off or in any other manner, the whole or any part of any moneys which may now or hereafter be owing by any Obligor with respect to the Junior Obligations, (b) to initiate or participate with others in any suit, action or proceeding against any Obligor to (i) enforce payment of or to collect the whole or any part of the Junior Obligations, or (ii) commence judicial enforcement of any of the rights and remedies under the Junior Debt Documents or applicable law with respect to the Junior Obligations or the Junior Debt Documents, or (c) to accelerate any Junior Obligations.
Collection Action means any of the following actions taken with respect to a debt for items and services that were purchased from or provided to a patient by a hospital on a date during which the hospital was not in material compliance with hospital price transparency laws:
Collection Action. “ shall mean (a) to initiate or join in any suit, action or proceeding against any Company or Collateral to enforce payment of or make demand for all or any part of the Subordinated Debt, (b) to seek monetary damages against any Company, or (c) to take from or for the account of any Company, by set-off or in any other matter, all or any part of any moneys which may now or hereafter be owing by such Company with respect to the Subordinated Debt, but shall not include or mean any action by Subordinated Creditor with respect to enforcement of any right to convert the Subordinated Note as provided therein or with respect to its enforcement of any similar equity rights not deemed part of the Subordinated Debt (as hereinafter defined).
Collection Action means any action taken to recover funds that are past due or accounts that are in default: