Collections definition
Examples of Collections in a sentence
This Agreement shall cover and apply to: Cleanaway Operations Pty Ltd (Company); and Employees of Cleanaway Operations Pty Ltd employed in the classifications contained in this Agreement who perform Oil Collections works and related services within the Oil and Technical Services Business Unit located in the Perth Metropolitan area and Kalgoorlie region (Employee or Employees).
Borrowers will at all times (a) cause all Supply Chain Financing Customers to make all payments with respect to Supply Chain Financed Accounts directly to a deposit account maintained at ▇▇▇▇▇ Fargo that is not a Collections Account and (b) cause all such payments with respect to accounts owing by a Supply Chain Financing Customer (other than Supply Chain Financed Accounts) to be applied in accordance with the terms of Section 5.9(a) of this Agreement.
Agent is authorized and directed to deduct and retain sufficient amounts from the Collections received by Agent to reimburse Agent for such out-of-pocket costs and expenses prior to the distribution of any amounts to Lenders.
Bo▇▇▇▇▇▇ ▇grees that it will hold in trust for the Lender Group, as the Lender Group’s trustee, any of its Collections that it receives and immediately will deliver such Collections to Servicer pursuant to the Sale and Servicing Agreement or, at the request of Agent, to Agent, in each case in their original form as received by Bo▇▇▇▇▇▇.