Managed Contract definition

Managed Contract means a credit contract or consumer lease entered into as a result of credit assistance provided by a mortgage manager under the terms of an agreement the mortgage manager has with a credit provider, lessor or third party to manage the contract or lease.
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Managed Contract. A Contract serviced by Onyx, whether a Purchased Contract, a Contract owned by Onyx or otherwise.
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Managed Contract has the meaning set out in Clause 45.1(c) (Novation or Management of Supply Contracts);
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Examples of Managed Contract in a sentence

  • Managed Contract Portfolio: the Owned Contract Portfolio and ABS Contract Portfolio.

  • If HPES fails to submit a Managed Contract invoice to HPI for payment in accordance with the preceding sentence, HPES will be responsible for any discount not received or any late fees in respect of such Managed Contract invoice.

  • HPES will not renew, modify, terminate or cancel, or request or grant any consents or waivers under any Managed Contract without HPI’s prior consent.

  • Provider shall not be liable for (i) any breach of, or misuse or fraud in connection with, by a contractor under any Managed Contract or (ii) for Provider’s failure to provide the Services or to meet the Services Levels as a result of any breach, misuse, or fraud by a contractor under a Managed Contract except to the extent such breach, misuse or fraud resulted from Provider’s failure to prudently manage, administer and maintain the Managed Contract.

  • HPI will pay the Managed Contract invoices received and approved by HPES.

  • HPI will only be responsible for payment of Managed Contract invoices and will not be responsible to HPES for any management, administration or maintenance fees of HPES in connection with the Managed Contract invoices.

  • HPI will be responsible for any late fees in respect of the Managed Contract invoices, provided that HPES submitted the applicable Managed Contract invoices for payment within a reasonable period of time prior to the date any such Managed Contract invoice is due, but in no event later that 14 days prior to the date upon which payment is due.

  • HPES will provide HPI with no less than 90 days’ prior notice of any renewal, termination or cancellation dates and fees with respect to a Managed Contract.

  • HPES will (1) receive all Managed Contract invoices, (2) review and correct any errors in any such Managed Contract invoices in a timely manner, and (3) submit such Managed Contract invoices to HPI within a reasonable period of time prior to the due date or the date on which HPI may pay such Managed Contract invoice with a discount.

  • Provider will not take any action that would cause the State to be in breach of any Managed Contract or Managed Lease.


More Definitions of Managed Contract

Managed Contract means the contracts between Client and a third party vendor that are listed in an SOW or were managed by Ensemble on behalf of Client immediately prior to the Effective Date (each, a “Managed Contract),” and new or replacement contracts for similar services or products.
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