Collection of Amounts Due Clause Samples
The 'Collection of Amounts Due' clause establishes the procedures and rights related to collecting payments owed under the agreement. It typically outlines the methods by which the party owed money can pursue outstanding amounts, such as invoicing, setting deadlines for payment, and specifying remedies in case of non-payment, like charging interest or initiating collection actions. This clause ensures that there is a clear and enforceable process for recovering amounts due, thereby reducing the risk of non-payment and providing certainty for both parties regarding financial obligations.
Collection of Amounts Due. Except as otherwise expressly provided herein, the Indenture Trustee 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 sums and other property payable to or receivable by the Indenture Trustee pursuant to this Indenture. The Indenture Trustee shall apply all such amounts received by it as provided in this Indenture. Amounts properly withdrawn by the Issuer pursuant to Section 8.3 of this Indenture shall be deemed released from the Collateral and the security interest therein granted to the Indenture Trustee, and the Issuer shall in no event thereafter be required to refund any such withdrawn amounts. To the extent there are uninvested amounts deposited in any of the Trust Accounts (as defined below), such uninvested amounts shall be invested at the written direction of the Issuer (which such direction may be a standing direction) in Permitted Investments selected by the Issuer that mature no later than the immediately succeeding Transfer Date preceding the following Payment Date.
Collection of Amounts Due. Except as otherwise expressly provided herein and in any Trust Financing Agreement, the Master 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 sums and other property payable to or receivable by the Master Collateral Agent pursuant to this Agreement. The Master Collateral Agent shall apply all such amounts received by it as provided in this Agreement. In the event that there are no Trust Financings Outstanding, the Master Collateral Agent and/or the Paying Agent is entitled to withdraw amounts from the Collection Account to pay any reasonable fees, expenses and indemnities due and owing to the Master Collateral Agent and the Paying Agent under this Agreement, the Transaction Documents and any Series Related Documents.
Collection of Amounts Due. 60 SECTION 8.2. Trust Accounts...................................................................... 60 SECTION 8.3.
Collection of Amounts Due. 1. Any funds paid to a Contractor in excess of the amount to which the Contractor is determined to be entitled under the terms of the award constitute a debt to the City and County of Denver, if not paid within a reasonable period after demand HOST may:
a. makes an administrative offset against other requests for reimbursements.
b. withholds advance payments otherwise due to the Contractor; or
c. other action permitted by law.
2. The Contractor shall participate, when applicable, in HOST provided staff training sessions in the following financial areas including, but not limited to Budgeting and Cost Allocation Plans, and Invoicing Process.
Collection of Amounts Due. Except as otherwise expressly provided herein, the Indenture Trustee 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 sums and other property payable to or receivable by the Indenture Trustee pursuant to Section 8.3 of this Indenture. The Indenture Trustee shall apply all such amounts received by it as provided in this Indenture.
Collection of Amounts Due. Each Party shall promptly forward to the other Party, without setoff or assertion of any other claim, all monies, checks or instruments received by the first Party after the Closing Date with respect to amounts that are owned by the other Party under this Agreement. Each Party shall provide to the other Party such reasonable assistance as the other Party may request with respect to the collection of any amounts owned by it, provided the assisted Party pays the reasonable expenses of the assisting Party incurred in providing such assistance.
Collection of Amounts Due. With respect to any amounts due from Subrecipient to CCG upon or after closeout, CCG shall have collection rights commensurate with those of the Federal Awarding Agency under 2 C.F.R. § 200.346.
Collection of Amounts Due. 27.1. Any funds paid to the COUNTY in excess of the amount to which the COUNTY is finally determined to be entitled under the terms of the award constitutes a debt to the SOS. If not paid within 30 days after demand, the federal or state agency may reduce the debt by:
27.1.1. Making an administrative offset against other requests for reimbursements;
27.1.2. Withholding payments otherwise due to the COUNTY; or
27.1.3. Other action permitted by law.
27.2. Except where otherwise provided by statutes or regulations, the federal government may charge interest on an overdue debt in accordance with the Federal Claims Collection Standards (4 CFR Ch. II). The date from which interest is computed is not extended by litigation or the filing of any form of appeal.
Collection of Amounts Due. Any funds paid to a Contractor in excess of the amount to which the Contractor is finally determined to be entitled under the terms of the award constitute a debt to the Federal Government and the City. If not paid within a reasonable period after demand, DEDO may 1) Make an administrative offset against other requests for reimbursements, 2) other action permitted by law.
Collection of Amounts Due. Any funds paid to a Contractor in excess of the amount to which the Contractor is finally determined to be entitled under the terms of the award constitute a debt to the Federal Government and the City. If not paid within a reasonable period after demand, OED may 1) Make an administrative offset against other requests for reimbursements, 2) Withhold advance payments otherwise due to the Contractor, or 3) other action permitted by law.