Collections definition

Collections means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Collections means, with respect to any Receivable, all cash collections and other cash proceeds in respect of such Receivable, including, without limitation, all yield, Finance Charges or other related amounts accruing in respect thereof and all cash proceeds of Related Security with respect to such Receivable.

Collections means all amounts collected by the Servicer (from whatever source) on or with respect to the Receivables.

Examples of Collections in a sentence

The Servicer shall (1) direct all Obligors to make all wire transfer and ACH transfer payments with respect to the Transferred Loans directly to the Servicing Account and (2) shall deposit, or cause to be deposited, all Collections received by the Servicer with respect to the Transferred Loans directly to the Servicing Account promptly upon receipt thereof.
The Collateral Agent may rely conclusively on and shall be fully protected in presuming that all funds received are Available Collections unless or until written notice (including, without limitation, Collateral Manager Reports) to the contrary is delivered to the Collateral Agent which notice shall provide details of any such funds that are not Available Collections.
Notwithstanding anything to the contrary contained in this Agreement, the obligations of the Purchaser under this Agreement are solely the obligations of the Purchaser and shall be payable solely from the assets of the Purchaser, including the Transferred Loans and Collections thereon.
On the servicing transfer date designated by Purchaser, Servicer shall (i) deliver to the successor servicer designated by Purchaser all Required Documents, Servicing Files and other documents and statements relating to the servicing of the Transferred Loans held or controlled by it hereunder, and (ii) transfer to such successor servicer all Collections and funds relating to the Transferred Loans then held by Servicer.
All Collections received with respect to such Transferred Loan during such period shall continue to be remitted to the Purchaser in accordance with this Agreement and the Purchase Agreement.

More Definitions of Collections

Collections means, for a Collection Period, all amounts received and applied by the Servicer on the Receivables during that Collection Period, including, without duplication:

Collections means, to the extent received by the Servicer after the Cut-Off Date, the sum of (A) with respect to any Receivable, (i) any monthly payment by or on behalf of the Obligor thereunder, (ii) any full or partial prepayment of such Receivable, and (iii) any other amounts received by the Servicer which, in accordance with the Customary Servicing Practices, would customarily be applied to the payment of accrued interest or to reduce the Principal Balance of the Receivable, including rebates of premiums with respect to the cancellation or termination of any Insurance Policy, extended warranty or service contract that was financed by such Receivable and (B) Net Liquidation Proceeds; provided, however, that the term “Collections” in no event will include (1) for any Payment Date, any amounts in respect of any Receivable the Repurchase Price of which has been included in the Available Funds on a prior Payment Date or (2) any Supplemental Servicing Fees.

Collections means, with respect to any Collateral, all principal payments, interest payments, fees and other payments received by the Borrower with respect thereto and all other amounts paid with respect to such Collateral that are payable to the Borrower, including dividends of any type, distributions with respect thereto and any proceeds of collateral for, or any guaranty of, such Collateral or the relevant Obligor’s obligation to make payments with respect thereto.

Collections means, with respect to any Receivable and to the extent received by the Servicer after the Cut-Off Date, (i) any monthly payment by or on behalf of the Obligor thereunder, (ii) any full or partial prepayment of such Receivable, (iii) all Liquidation Proceeds and (iv) any other amounts received by the Servicer which, in accordance with the Customary Servicing Practices, would be applied to the payment of accrued interest or to reduce the Principal Balance of the Receivable, including rebates of premiums with respect to the cancellation or termination of any Insurance Policy, extended warranty or service contract; provided, however, that the term “Collections” in no event will include (1) for any Payment Date, any amounts in respect of any Receivable the Repurchase Price of which has been included in the Available Funds on a prior Payment Date or (2) any Supplemental Servicing Fees.

Collections means all payments from or on behalf of an Account Debtor with respect to Receivables.

Collections means the sum of all Interest Collections and all Principal Collections received with respect to the Collateral.

Collections means all cash collections, distributions, payments and other amounts received, and to be received by the Borrower, from any Person in respect of any Collateral Loans constituting Collateral, including all principal, interest, fees, distributions and redemption and withdrawal proceeds payable to the Borrower under or in connection with any such Collateral Loans and all Proceeds from any sale or disposition of any such Collateral Loans.