Partial Recovery - Pro Rata Distribution. If the amount collected is not sufficient to satisfy the amounts referred for collection, then the amount collected shall be distributed on a pro rata basis as provided in R&TC Section 19282, subdivisions (a) and (d). This is based on a percentage equal to the current balance of each case divided by the total balance of the account.
Appears in 5 contracts
Sources: Franchise Agreement, Standard Agreement, Standard Agreement
Partial Recovery - Pro Rata Distribution. If the amount collected on an Account is not sufficient to satisfy the amounts referred for collection, then the amount collected shall be distributed on a pro rata basis as provided in R&TC Section 19282, subdivisions (a) and (d). This is based The Pro Rata Distribution on each Case shall be a percentage of the amount to be distributed on the Account that is equal to the current balance of each case due for the Case divided by the total current balance of due on the accountAccount.
Appears in 1 contract
Sources: Franchise Agreement