Delinquent Receivables Sample Clauses

The Delinquent Receivables clause defines how overdue payments owed to a party are handled under the agreement. Typically, it outlines the criteria for when a receivable is considered delinquent, such as a specific number of days past the due date, and may specify remedies like interest charges, collection procedures, or the right to suspend services until payment is received. This clause ensures that there are clear consequences and processes in place for late payments, helping to protect the financial interests of the party expecting payment and encouraging timely fulfillment of payment obligations.
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Delinquent Receivables. Eagle Crest Vacation Club....
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Delinquent Receivables. If the Outstanding Balance of a Sold Receivable has not been paid in full on or before the [ * ] day after the Funding Date on which the Purchaser purchased such Sold Receivable, then, the Seller shall pay to the Purchaser an amount equal to the Payment Percentage of the unpaid Outstanding Balance of such Sold Receivable for each day after such [ * ] day that the Outstanding Balance is greater than zero until the earlier of (A) the date on which the Seller notifies Purchaser that it has determined in good faith that such Sold Receivable is uncollectible, (B) the date that is the [ * ] day after the Funding Date on which the Purchaser purchased such Sold Receivable, and (C) the date on which the Outstanding Balance is reduced to zero. Any amount required to be paid under this paragraph shall be paid to the Purchaser on the immediately following Collection Settlement Date. As used herein, the "Payment Percentage" [ * ].
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Delinquent Receivables. If the Outstanding Balance of a Sold Receivable has not been paid in full on or before the 60th day after the Funding Date on which the Purchaser purchased such Sold Receivable, then, the Seller shall pay to the Purchaser an amount equal to the Payment Percentage of the unpaid Outstanding Balance of such Sold Receivable for each day after such 60th day that the Outstanding Balance is greater than zero until the earlier of (A) the date on which the Seller notifies Purchaser that it has determined in good faith that such Sold Receivable is uncollectible, (B) the date that is the 90th day after the Funding Date on which the Purchaser purchased such Sold Receivable, and (C) the date on which the Outstanding Balance is reduced to zero. Any amount required to be paid under this paragraph shall be paid to the Purchaser on the immediately following Collection Settlement Date. As used herein, the "Payment Percentage" is equal to the sum of: (a) the LIBOR Rate (Reserve Adjusted)-Two Month relating to the Purchase of such Sold Receivables plus ninety-eight one-hundredths of one percent (0.98%) per annum, divided by 365, plus (b) Twenty-Three One Hundredths of One Percent (0.23%), divided by 60.
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Delinquent Receivables. The aggregate outstanding balances of Receivables which were delinquent as of the end of the related Monthly Period following cancellation of the related insurance policies: Aggregate Percentage Outstanding of Total Balance Receivables ----------- ----------- (a) 1 - 30 days ...
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Delinquent Receivables. The Company hereby agrees to cancel on the Effective Date all outstanding past due accounts receivable from the Distributor. On the Effective Date, the Company will provide the Distributor with a cancellation of the delinquent receivables in substantially the form of Exhibit I hereto.
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Delinquent Receivables. Receivables [*] days past due Specified Ineligible Receivables - Assets that are not eligible for the Net Receivables Pool Balance.
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Delinquent Receivables. The aggregate outstanding balances of Receivables which were delinquent as of the end of the related Monthly Period following cancellation of the related insurance policies:
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Delinquent Receivables. Receivables[*] days past due Specified Ineligible Receivables (Assets sold to AFC Funding Corp., but not eligible for the Net Receivables Pool Balance. These items are not included in the rollforward and are not aged)
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Related to Delinquent Receivables

  • No Delinquent Receivables As of the Cutoff Date, no payment due under any Receivable was more than 30 days past due.

  • Delinquent Accounts Collections: In the event GROUP’s account becomes delinquent, SHOP shall undertake collections per State Accounting Manual (▇▇▇) Section 8776.6 (non-employee accounts receivable).

  • Net Receivables Balance Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

  • Delinquent Rent If not paid on the 1st, Rent shall be considered overdue and delinquent on the 2nd day of each calendar month. If Tenant fails to timely pay any month’s rent, Tenant will pay Landlord a late charge of $ per day until rent is paid in full. If Landlord receives the monthly rent by the 3rd day of the month, Landlord will waive the late charges for that month. Any waiver of late charges under this paragraph will not affect or diminish any other right or remedy Landlord may exercise for Tenant’s failure to timely pay rent.

  • Receivables (a) No amount payable to such Grantor under or in connection with any Receivable is evidenced by any Instrument or Chattel Paper which has not been delivered to the Administrative Agent. (b) None of the obligors on any Receivables is a Governmental Authority. (c) The amounts represented by such Grantor to the Lenders from time to time as owing to such Grantor in respect of the Receivables will at such times be accurate.