Examples of Credit and Collection Policies in a sentence
The aggregate amount of all such credits, adjustments and refinancings made by the Seller in accordance with the Credit and Collection Policies shall be due and payable to the Purchaser on the next Business Day following the Date of Processing in respect thereof.
The Seller shall, within sixty (60) days following the Initiation Date for any Receivable, pay to the appropriate insurance underwriters or agents writing insurance in connection with the Contracts and related Receivables the amount of insurance premiums financed in accordance with the Credit and Collection Policies with respect to such Receivable.
The Servicer will not make any change in the character of its business or in the Credit and Collection Policies, which change would, in either case, impair the collectability of any Receivable or otherwise have a Material Adverse Effect, except to the extent such change is required as a result of a change in applicable Requirements of Law.
The Servicer will comply in all material respects with the Credit and Collection Policies in regard to each Receivable and the related Contract.