Examples of Receivables Servicing Agreement in a sentence
Applicable law and jurisdiction The Receivables Servicing Agreement will be governed by and construed in accordance with the laws of the Portuguese Republic.
Pursuant to the Receivables Servicing Agreement, the Group subsidiaries handle collection of the trade receivables as part of the Securitization Transaction for the benefit of the Acquiring Company.
The Issuer may terminate the Servicer’s appointment and appoint a successor Servicer (such appointment being subject to the prior approval of the CMVM being obtained) upon the occurrence of a Servicer Event in accordance with the provisions of the Receivables Servicing Agreement.
Sub-contractorThe Servicer may appoint any Subsidiary or any entity of the Millennium bcp group as its sub-contractor and may appoint any other person as its sub-contractor to carry out certain of the services subject to certain conditions specified in the Receivables Servicing Agreement.
At any time after the delivery of a Servicer Event Notice the Issuer may deliver a Servicer Termination Notice to the Servicer, the effect of which shall be to terminate the Servicer’s appointment under the Receivables Servicing Agreement (but without affecting any accrued rights and Liabilities under said agreement) on the Servicer Termination Date.