Collection Proceeding definition
Collection Proceeding means, with respect to any Obligor, any legal collection, replevin or injunctive action initiated or commenced by the Seller or the Purchaser (or any servicer for the foregoing) taken to enforce any obligation (including, without limitation, any Dealer Receivable) owed by such Obligor to the Seller or the Purchaser.
Collection Proceeding means actions related to the collection of
Collection Proceeding means, with respect to any Obligor, any legal collection, replevin or injunctive action initiated or commenced by or at the request of AGCO Finance taken to enforce any obligation owed by such Obligor to AGCO Finance on account of a Conveyed Receivable.
Examples of Collection Proceeding in a sentence
At or prior to the Closing, Ameritech shall cause APIL to assign all rights, claims, title and interest in and to all pending Collection Proceedings to APIL Partners or, if it is not possible to assign any such Collection Proceeding using commercially reasonable efforts, will hold such Collection Proceeding in trust and enforce it for the benefit of, and as reasonably directed by, Buyer.