Collection Policies and Procedures Clause Samples

The Collection Policies and Procedures clause defines the rules and methods a party must follow when collecting payments or debts under the agreement. It typically outlines the steps for invoicing, payment reminders, and actions to be taken in case of late or missed payments, such as sending notices or involving collection agencies. This clause ensures that both parties understand the process for handling collections, thereby reducing disputes and providing a clear framework for addressing non-payment issues.
Collection Policies and Procedures. The Company hereby represents and warrants to the Administrative Agent, each Funding Agent, the Lenders and the Collateral Agent on each Receivables Contribution Date that since the Closing Date, the Company has not made or consented to any change in collection policies or procedures that has resulted or could reasonably be expected to result in a material adverse change in the overall rate of collection of the Receivables.
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Collection Policies and Procedures. The Servicer shall not, without the prior written consent of the Control Party, amend, modify or otherwise change its Credit and Collection Policies in any manner unless such amendment, modification or change (i) applies generally to all contracts, loans or receivables serviced by the Servicer (and not just to Loans or Receivables in the Trust Estate) and (ii) would not materially and adversely affect the Trust Estate or the ability of the Servicer to collect the Loans or Receivables or the minimum required credit quality of the Loans or Receivables consistent with the underwriting criteria of ALS in the ordinary course of business. The Servicer shall provide at least five (5) Business Days’ prior written notice to the Control Party (with a copy to the initial Noteholders) of any proposed material change to the Credit and Collection Policy.
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Collection Policies and Procedures. The Servicer shall not amend, modify or otherwise change its Collection Policies and Procedures in any manner without providing prior written notice to the Indenture Trustee and the Noteholders, and without the prior written consent of the Indenture Trustee and the Majority Holders if such amendment, modification or change could materially and adversely affect the collectability or the credit quality of the Contracts. The Servicer shall notify the Indenture Trustee and the Rating Agencies of any such proposed change and the Indenture Trustee shall notify the Noteholders and seek the consent of the Majority Holders.
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Collection Policies and Procedures. The Company will not implement any --------------------------------------- material change in its collection policies and procedures without first delivering written notice of such change and the reason therefor to the Lenders.
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Collection Policies and Procedures. The Servicer shall not materially amend, modify or otherwise change its Collection Policies and Procedures as in effect on the date hereof and attached to this Agreement as "Exhibit B" in any manner without prior notice to, and without the prior consent of the Originator if such amendment, modification or change would be reasonably likely to materially and adversely affect the collectability or the credit quality of the Leases. ARTICLE 3
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Collection Policies and Procedures. The Servicer shall not, without the prior written consent of the Administrative Agent (acting at the direction of the Special Required Noteholders), amend, modify or otherwise change its Credit and Collection Policies in any manner unless such amendment, modification or change (i) applies generally to all contracts, loans or receivables serviced by the Servicer (and not just to Loans or Receivables in the Trust Estate) and (ii) would not materially and adversely affect the Trust Estate or the ability of the Servicer to collect the Loans or Receivables or the minimum required credit quality of the Loans or Receivables consistent with the underwriting criteria of ALS in the ordinary course of business. The Servicer shall provide at least five (5) Business Days’ prior written notice to the Administrative Agent and the Noteholders of any proposed material change to the Credit and Collection Policy.
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Collection Policies and Procedures. The Servicer shall not amend or modify the Collection Policies and Procedures without the prior written consent of the Lender.
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Collection Policies and Procedures. The Borrower will not implement any material change in their collection policies and procedures without first delivering written notice of such change and the reason therefor to the Lender.
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Collection Policies and Procedures. The Servicer shall not amend or modify the Collection Policies and Procedures without the prior written consent of the Lender.
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Related to Collection Policies and Procedures

  • Policies and Procedures i) The policies and procedures of the designated employer apply to the employee while working at both sites. ii) Only the designated employer shall have exclusive authority over the employee in regard to discipline, reporting to the College of Nurses of Ontario and/or investigations of family/resident complaints. iii) The designated employer will ensure that the employee is covered by WSIB at all times, regardless of worksite, while in the employ of either home. iv) The designated employer will ensure that the employee is covered by liability insurance at all times, regardless of worksite, while in the employ of either home. v) The designated employer shall have exclusive authority over the employee’s personnel files and health records. These files will be maintained on the site of the designated employer.

  • Compliance Policies and Procedures To assist the Fund in complying with Rule 38a-1 of the 1940 Act, BBH&Co. represents that it has adopted written policies and procedures reasonably designed to prevent violation of the federal securities laws in fulfilling its obligations under the Agreement and that it has in place a compliance program to monitor its compliance with those policies and procedures. BBH&Co will upon request provide the Fund with information about our compliance program as mutually agreed.

  • COMPLIANCE WITH POLICIES AND PROCEDURES During the period that Executive is employed with the Company hereunder, Executive shall adhere to the policies and standards of professionalism set forth in the Company’s Policies and Procedures as they may exist from time to time.

  • Company Policies and Procedures 7.1.1 The Company will ensure that Employees are able to readily access Company policies and procedures that apply to the Employees. 7.1.2 The Employees will observe and act in accordance with Company policies and procedures that apply to the Employees, as implemented and amended from time to time.

  • Violence Policies and Procedures The Employer agrees to have in place explicit policies and procedures to deal with violence. The policy will address the prevention of violence, the management of violent situations, provision of legal counsel and support to employees who have faced violence. The policies and procedures shall be part of the employee's health and safety policy and written copies shall be provided to each employee. Prior to implementing any changes to these policies, the employer agrees to consult with the Association.