COLLECTION OF AMOUNTS Clause Samples

The COLLECTION OF AMOUNTS clause establishes the procedures and rights related to the gathering and receipt of payments or funds owed under an agreement. Typically, this clause outlines who is responsible for collecting payments, the methods by which amounts are to be collected, and the timing or conditions for such collections. For example, it may specify that one party must remit payments directly to a designated account or that certain amounts are to be collected upon delivery of goods or completion of services. The core function of this clause is to ensure that all parties understand how and when payments will be collected, thereby reducing disputes and ensuring timely fulfillment of financial obligations.
COLLECTION OF AMOUNTS. If a party hereto shall bring suit to enforce collection of any amount claimed due, in additions to the amount owed the prevailing party shall be entitled to receive reasonable attorneys’ fees, cost of court and interest on the amount owed computed from the date the obligation became owing at the lesser of ten percent (10%) per annum or the maximum lawful rate of interest per annum that may be incurred by contract in the state where the action is brought.
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COLLECTION OF AMOUNTS. In the event SYNCHRONOSURE shall have to bring any action or proceeding to enforce collection of any amount due under the terms of this agreement Producer agrees to pay all costs incident thereto, including reasonable attorney's fees and expenses, incurred by reason of such action or proceeding.
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COLLECTION OF AMOUNTS. In the event Company shall have to bring any action or proceeding to enforce collection of any amount due under the terms of this agreement Producer agrees to pay all costs incident thereto, including reasonable attorney’s fees and expenses, incurred by reason of such action or proceeding.
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COLLECTION OF AMOUNTS. In the event CRC shall have to bring any action or proceeding to enforce collection of any amount due under the terms of this agreement Producer agrees to pay all costs incident thereto, including reasonable attorney’s fees and expenses, incurred by reason of such action or proceeding.
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COLLECTION OF AMOUNTS. In the event LR shall have to bring any action or proceeding to enforce collection of any amount due under the terms of this agreement, Producer agrees to pay all costs incident thereto, including reasonable attorney's fees and costs, incurred by reason of such action or proceeding.
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COLLECTION OF AMOUNTS. In the event TUMI shall have to bring any action or proceeding to enforce collection of any amount due under the terms of this agreement, Producer agrees to pay all costs incident thereto, including reasonable attorney’s fees and expenses, incurred by reason of such action or proceeding.
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COLLECTION OF AMOUNTS. (a) Except as otherwise expressly provided herein, the Collateral Agent may demand payment or delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all amounts and other property payable to or receivable by the Collateral Agent pursuant to this Indenture and Credit Agreement, including all payments due on the Collateral in accordance with the terms and conditions of such Collateral. The Collateral Agent shall segregate and hold all such amounts and property received by it in an Eligible Account in trust for the Secured Parties, and shall apply such amounts as provided in this Indenture and Credit Agreement. (b) The Securities Intermediary, shall, on or prior to the Closing Date, establish a single, segregated trust account in the name of the Issuer for the benefit of the Collateral Agent which shall be designated as the “Custodial Account,” which shall be held in trust for the benefit of the Secured Parties and over which the Collateral Agent shall have exclusive control and the sole right of withdrawal. The Securities Intermediary shall credit all Mortgage Asset Files to the Custodial Account. Amounts on deposit in the Custodial Account shall remain uninvested. Any and all funds at any time on deposit in, or otherwise to the credit of, the Custodial Account shall be held in trust by the Collateral Agent for the benefit of the Secured Parties. (c) The Servicing Accounts shall be established in accordance with the Servicing Agreement.
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COLLECTION OF AMOUNTS. In the event Sterling Surplus shall have to bring any action or proceeding to enforce collection of any amount due under the terms of this agreement, Producer agrees to pay all costs incident thereto, including reasonable attorney’s fees and expenses, incurred by reason of such action or proceeding.
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Related to COLLECTION OF AMOUNTS

  • Computation of Amounts For purposes of computing the amount of any item of income, gain, loss, deduction or expense to be reflected in Capital Accounts, the determination, recognition and classification of each such item shall be the same as its determination, recognition and classification for federal income tax purposes; provided that: (i) any income that is exempt from Federal income tax shall be added to such taxable income or losses; (ii) any expenditures of the Company described in Section 705(a)(2)(B) of the Code or treated as Code Section 705(a)(2)(B) expenditures pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(i), shall be subtracted from such taxable income or losses; (iii) if the Book Value of any Company property is adjusted pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(e) (in connection with a distribution of such property) or (f) (in connection with a revaluation of Capital Accounts), the amount of such adjustment shall be taken into account as gain or loss from the disposition of such property; (iv) if property that is reflected on the books of the Company has a Book Value that differs from the adjusted tax basis of such property, depreciation, amortization and gain or loss with respect to such property shall be determined by reference to such Book Value; and (v) the computation of all items of income, gain, loss, deduction and expense shall be made without regard to any election pursuant to Section 754 of the Code that may be made by the Company, unless the adjustment to basis of Company property pursuant to such election is reflected in Capital Accounts pursuant to Treasury Regulation Section 1.704-1(b)(2)(iv)(m).