Remittance Processing Agreement definition
Examples of Remittance Processing Agreement in a sentence
Such terms are set forth in this Tri-Party Remittance Processing Agreement (the “Agreement”).
Neither PHI nor any Subsidiary thereof shall amend or terminate the Remittance Processing Agreement or instruct any of its Account Debtors to make payments to any Person other than as set forth in the preceding sentence, without the prior written consent of the Collateral Agent.
The Tri-Party Remittance Processing Agreement, by and among AmeriCredit, JPMorgan Chase Bank, N.A. and the trust collateral agent, as such agreement may be amended or supplemented from time to time.
Neither the Agent’s activation of the Notice Period nor the Agent’s change in instructions regarding a redirection of funds given hereunder shall constitute a change to operating procedures under the Remittance Processing Agreement and shall not be subject to the provisions of Section 8 thereof.
Notwithstanding the foregoing, you may terminate this Letter Agreement upon ten (10) days’ prior written notice to the Company, the Servicer and the Agent of a default of any payment obligation on the part of Tampa under the Remittance Processing Agreement, if such default exists and is continuing upon the expiration the aforementioned ten day period.
You hereby consent to Tampa’s disclosure of data relating to the services provided under the Remittance Processing Agreement to the Agent, the Managing Agents and the Lenders pursuant to Section of the Remittance Processing Agreement.
The Remittance Processing Agreement shall be in full force and effect and enforceable in accordance with its terms.
To the extent there is a conflict between this Letter Agreement and the Terms and Conditions (including, without limitation, Section 8 and 18 of the Remittance Processing Agreement), this Letter Agreement shall take precedence.