Credit and Collection Policies and Practices Sample Clauses
The 'Credit and Collection Policies and Practices' clause defines the standards and procedures a party must follow when extending credit and collecting payments. It typically outlines acceptable methods for evaluating creditworthiness, setting payment terms, and handling overdue accounts, such as sending reminders or applying late fees. This clause ensures both parties understand the expectations for financial transactions, reducing disputes and promoting timely payments.
Credit and Collection Policies and Practices. The Credit and Collection Policy or Policies and practices of Arrow, Arrow ECS and Arrow Asia, relating to Contracts and Receivables, existing on the date hereof are as set forth in manuals that were delivered by the SPV on January 31, 2001 to the Administrative Agent, as modified from time to time, in compliance with Sections 6.1(a)(vii) and 6.2(c).
Credit and Collection Policies and Practices. The Originator’s Credit and Collection Policy or Policies and practices, relating to Contracts and Receivables, existing on the date hereof are as set forth in manuals that were delivered by the SPV on January 31, 2001 to the Administrative Agent.
Credit and Collection Policies and Practices. The Credit and Collection Policy or Policies and practices of Arrow, Arrow ECS and Arrow Asia, relating to Contracts and Receivables, existing on the date hereof are as set forth in manuals that were delivered by the SPV on August [_], 2016 to the Administrative Agent, as modified from time to time, in compliance with Sections 6.1(a)(vii) and 6.2(c). Arrow Electronics Funding Corporation (the “SPV”), pursuant to Section 2.3(a) of the Transfer and Administration Agreement, dated as of March __, 2001 (as amended, modified, or supplemented from time to time, the “Agreement”), among the SPV, Arrow Electronics, Inc., individually (“Arrow”) and as master servicer (in such capacity, the “Master Servicer”), the parties thereto as “Conduit Investors,” “Alternate Investors” and “Funding Agents,” Mizuho Bank, Ltd., as Structuring Agent, and Bank of America, National Association, as Administrative Agent, effect an Investment from it pursuant to the following instructions: Investment Date:[________________] Investment request is made to: [specify [Conduit Investor] [Alternate Investors] of Related Funding Agent] Investment Amount:[___________________________________]2/ Investment Amount per Funding Agent: Funding Agent Pro Rata Share (rounded) Amount Requested Funding Agent A % $ Funding Agent B % $ Funding Agent C % $ Funding Agent D % $ Funding Agent E % $ Funding Agent F % $ Account to be credited: [bank name] ABA No.[ _____________________________________] Account No. [_________________________________] Reference No.[ _______________________________] Please credit the above-mentioned account on the Investment Date. Capitalized terms used herein and not otherwise defined herein have the meaning assigned to them in the Agreement.