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.
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Collection Proceeding means actions related to the collection of
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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.
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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.

Related to Collection Proceeding

  • Administrative proceeding means a non-judicial process that is adjudicatory in nature in order to make a determination of fault or liability (e.g., Securities and Exchange Commission Administrative Proceedings, Civilian Board of Contract Appeals Proceedings, and Armed Services Board of Contract Appeals Proceedings). This includes administrative proceedings at the Federal and State level but only in connection with performance of a Federal contract or grant. It does not include agency actions such as contract audits, site visits, corrective plans, or inspection of deliverables.

  • Collection Action means any of the following:

  • Criminal proceeding means a proceeding instituted by means of the swearing of an information, the laying of a charge or the return of an indictment, before a Court of competent jurisdiction in Canada with jurisdiction to hear and determine the charges referred to therein, alleging or charging that the "Insured" has contravened the provisions of any Provincial or Federal statute, including the Criminal Code, R.S.C. 1985 ch. C-46 as amended, which creates an offence or crime and which provides for conviction thereunder, whether by way of summary conviction or indictment, and as a result of which the "Insured" is liable to be convicted, fined or sentenced to some form of imprisonment or other punishment.

  • Delinquency proceeding means a proceeding instituted against an insurer for the purpose of liquidating, rehabilitating, reorganizing or conserving the insurer, and a summary proceeding under section 507C.9 or 507C.10. “Formal delinquency proceeding” means any liquidation or rehabilitation proceeding.

  • Derivative proceeding means a civil suit in the right of a domestic corporation or, to the extent