Common use of Branch Manager Clause in Contracts

Branch Manager. Recommends reinstatement procedures are activated via an e-mail to the respective Regional Manager describing in detail the reason for the request. The cause of the potential loss, how the potential loss was resolved (i.e.; PIF or PN), the current status of the account, and what the dealer has done to prevent reoccurrence of a potential loss must be a part of this recommendation. The recommended dollar amount of the reinstatement credit line must be less than the previous credit line. Additionally, if this is a bankruptcy, we need the date of filing, the type filed, and the date of discharge or dismissal. Regional Manager: Reviews the Branch Manager recommendation. Either concurs or rejects the recommendation. If rejected- the issue is closed. If concurs- forwards recommendation e-mail to the Collection Manager with appropriate comments.