Collection of Purchased Receivables Sample Clauses

Collection of Purchased Receivables. The Servicer shall:
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Collection of Purchased Receivables. From and after the Closing Date, Buyer shall use commercially reasonable efforts, consistent with Buyer's collection efforts with respect to its other accounts receivables, to collect all of the Purchased Receivables in accordance with their terms, it being understood and agreed that nothing in this Section 8.16 shall require Buyer to institute a lawsuit, engage a collection agency or take any other extraordinary means to collect any of the Purchased Receivables.
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Collection of Purchased Receivables. Except as specifically provided in this Agreement, Servicer shall undertake on Purchaser’s behalf to collect all payments of Purchased Receivables in accordance with the Policies and Procedures and the Services. Servicer shall not have the power and authority to permit or agree to any Deduction without the Purchaser’s prior consent. Servicer shall cause all Account Debtors of the Purchased Receivables to remit their payment on the Purchased Receivables to the Lockbox.
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Collection of Purchased Receivables. (a) At Closing, Seller and NexCoil will take all appropriate action necessary to vest in Purchaser all right, title and interest in the proceeds of Purchased Receivables, and Seller and NexCoil shall provide such assistance to Purchaser, without charge, as is necessary to allow Purchaser to collect the Purchased Receivables following Closing, regardless of whether the Purchased Receivables arose prior to or after the Closing Date. At the request of Purchaser, Seller and NexCoil shall use commercially reasonable efforts at no charge to Purchaser, and in accordance with Purchaser's instructions, to collect the Purchased Receivables in compliance with all applicable Laws, as Purchaser's agent for the limited purpose of such collection, and shall, subject to Section 3.1(b) below, immediately deliver to Purchaser the gross proceeds of such collection. Seller and NexCoil shall also provide such additional assistance to Purchaser in the collection process as Purchaser may reasonably request, which assistance shall be provided without charge.
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Collection of Purchased Receivables. Except where a Purchased Receivable has been repurchased under subsection 5.02, TCE shall have the exclusive right to collect and enforce payment of the Purchased Receivable and to enforce any security held in respect of a Purchased Receivable in a manner and to an extent that it in its absolute discretion may consider advisable, and may institute, defend or compromise in the name of TCE or Assignor legal actions or other proceedings in relation to a Purchased Receivable or security in respect of a Purchased Receivable on such terms as TCE may consider fit.
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Collection of Purchased Receivables. The Seller agrees that, from and after the Closing Date, the Purchaser shall have the right and authority to collect for its own account the Purchased Receivables, subject to the provisions hereof, and to endorse with the name of the Seller all checks received on account of the Purchased Receivables. The Seller agrees that it will, within five Business Days, transfer, assign and deliver to the Purchaser all cash and other property which it may receive with respect to any Purchased Receivable, and pending any such delivery to the Purchaser of any such property, the Seller shall hold any such property in trust for the benefit of the Purchaser
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Collection of Purchased Receivables. Buyer shall have the right at any time after the Closing Date to endorse, deposit and cash any checks received in full or part payment for any of the Purchased Receivables and any accounts receivable pertaining to services performed after the Closing Date, whether such checks are made payable to the order of KMD or otherwise. KMD hereby grants Buyer an irrevocable power of attorney for the purpose of endorsing any such checks or other funds payable to the order of KMD. Sellers shall deliver to Buyer any and all checks or money received by KMD or any Seller after the Closing in full or part payment of any Purchased Receivable and any accounts receivable pertaining to services performed on or after the Closing
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Collection of Purchased Receivables 
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Related to Collection of Purchased Receivables

  • Reassignment of Purchased Receivables Upon deposit in the Collection Account of the Purchase Amount of any Receivable repurchased by Seller under Section 5.1 hereof, Purchaser and the Issuer shall take such steps as may be reasonably requested by Seller in order to assign to Seller all of Purchaser’s and the Issuer’s right, title and interest in and to such Receivable and all security and documents and all Other Conveyed Property conveyed to Purchaser and the Issuer directly relating thereto, without recourse, representation or warranty, except as to the absence of Liens created by or arising as a result of actions of Purchaser or the Issuer. Such assignment shall be a sale and assignment outright, and not for security. If, following the reassignment of a Purchased Receivable, in any enforcement suit or legal proceeding, it is held that Seller may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Purchaser and the Issuer shall, at the expense of Seller, take such steps as Seller deems reasonably necessary to enforce the Receivable, including bringing suit in Purchaser’s or in the Issuer’s name.

  • Collection of Receivables Except as otherwise provided in this Security Agreement, such Grantor will collect and enforce, at such Grantor’s sole expense, all amounts due or hereafter due to such Grantor under the Receivables owned by it.

  • Receivables (a) Other than in the ordinary course of business consistent with its past practice, such Grantor will not (i) grant any extension of the time of payment of any Receivable, (ii) compromise or settle any Receivable for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any Receivable, (iv) allow any credit or discount whatsoever on any Receivable or (v) amend, supplement or modify any Receivable in any manner that could adversely affect the value thereof.

  • Assignment of Administrative Receivables and Warranty Receivables Upon receipt of the Administrative Purchase Payment or the Warranty Payment with respect to an Administrative Receivable or a Warranty Receivable, respectively, the Owner Trustee shall assign, without recourse, representation or warranty, to the Servicer or the Warranty Purchaser, as applicable, all of the Issuing Entity’s right, title and interest in, to and under, and the Indenture Trustee shall be deemed automatically to have released its security interest in such Administrative Receivable or Warranty Receivable, all monies due thereon, the security interests in the related Financed Vehicle, proceeds from any Insurance Policies, proceeds from recourse against a Dealer on such Receivable and the interests of such Person or the Issuing Entity, as applicable, in rebates of premiums and other amounts relating to the Insurance Policies and any document relating thereto and all other related Purchased Property, such assignment being an assignment outright and not for security; and the Servicer or the Warranty Purchaser, as applicable, shall thereupon own such Receivable, and all such security and documents, free of any further obligations to the Indenture Trustee, the Owner Trustee, the Noteholders or the Certificateholders with respect thereto. If in any Proceeding it is held that the Servicer may not enforce a Receivable on the ground that it is not a real party in interest or a holder entitled to enforce the Receivable, the Indenture Trustee or the Owner Trustee, as applicable, shall, at the Servicer’s expense, take such steps as the Servicer deems necessary to enforce the Receivable, including bringing suit in the name of such Person or the names of the Noteholders or the Certificateholders.

  • Collection of Receivable Payments The Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same shall become due, and shall follow such collection procedures as it follows with respect to all comparable motor vehicle receivables (including automobiles and light-duty trucks) that it services for itself or others. The Servicer shall be authorized to grant extensions, rebates or adjustments on a Receivable without the prior consent of the Issuer. If, as a result of the extending of payments in accordance with the customary servicing standards of the Servicer, any Receivable will be outstanding later than the Final Scheduled Maturity Date, the Servicer shall be obligated to repurchase such Receivable pursuant to Section 3.08. In addition, in the event that any such rescheduling or extension of a Receivable modifies the terms of such Receivable in such a manner as to constitute a cancellation of such Receivable and the creation of a new motor vehicle receivable (including automobiles and light-duty trucks) that results in a deemed exchange thereof within the meaning of Section 1001 of the Code, the Servicer shall purchase such Receivable pursuant to Section 3.08, and the receivable created shall not be included in Collateral held by the Issuer. Notwithstanding the foregoing, extensions or modifications of the payment schedule of a Receivable can be made only in accordance with the customary servicing procedures of the Servicer, provided that the amount of any extension fee charged in connection with the extension of a Receivable is deposited into the Collection Account by the Servicer in accordance with Section 4.05(a). The Servicer may, in accordance with its customary servicing procedures, waive any prepayment charge, late payment charge or any other fees that may be collected in the ordinary course of servicing the Receivables.

  • Servicing of Receivables The Master Servicer shall service the Receivables as required by the terms of this Agreement and in material compliance with its standard and customary procedures for servicing all its other comparable motor vehicle receivables and in compliance with applicable law; and

  • Receivables Purchase Price On the Closing Date, the Purchaser shall deliver to the Seller the Receivables Purchase Price, as provided in Section 2.1(b).

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