Collection Policy definition
Examples of Collection Policy in a sentence
Neither the Program Manager nor the Purchaser shall have approval rights for any changes to the Collection Policy with respect to Contracts that are not proposed or actual Purchased Contracts.
The Servicer has complied in all material respects with the Credit and Collection Policy with regard to each Pool Receivable and the related Contracts.
The Servicer shall determine when a Purchased Contract has been paid in full in accordance with the Collection Policy.
Upon delivery by the Servicer to the Purchaser and the Program Manager of an updated Collection Policy reflecting the approved (or deemed approved) changes, such updated Collection Policy shall automatically replace and supersede the previous version of the Collection Policy attached as Exhibit D to this Agreement, without the need for a formal amendment.
Subject to Section 5.03, as of the Effective Date, a true and correct copy of the Collection Policy is attached as Exhibit D to this Agreement.