Receipt of Collections Sample Clauses
The 'Receipt of Collections' clause defines how payments or funds received by a party, typically on behalf of another, are to be handled and recorded. In practice, this clause may specify the procedures for acknowledging receipt, the timing for transferring collected amounts, and the allocation of such funds to outstanding obligations. Its core function is to ensure transparency and accountability in the management of collected monies, thereby reducing disputes over payment handling and ensuring that funds are properly credited.
Receipt of Collections. No Collections shall be deemed received by Purchaser for purposes of this Agreement until funds are credited to the Collection Account as immediately available funds or otherwise actually received by Purchaser.
Receipt of Collections. Originator shall promptly remit to the applicable post office box related to the Lock-Box Accounts (or cause to be deposited directly to such Lock-Box Accounts) all Collections received by Originator.
Receipt of Collections. Each Originator shall promptly (within two Business Days) remit to the applicable post office box related to the Lockbox Accounts (or cause to be deposited directly to such Lockbox Accounts) all Collections received by such Originator (and any amounts so received shall be held in trust for the Company prior to such deposit).
Receipt of Collections. The HHC will receive new collections from Reclamation’s on-call archaeological contractor(s) as projects are completed. To date no specific project collections are scheduled for receipt in FY 2008. The Senior Curator-Collections, and the Senior Curator-Archives are involved with the receipt of collections, often assisted by other staff members. Goal: To complete documentation and initial processing of all collections received through FY 2008. Cataloging ensures that collections are organized and housed in a standardized manner. The cataloging process will enable the creation of a catalog database that will allow increased levels of collections accountability and ease of access. The Senior Curator- Collections, Museum Technician II and Museum Aide I (catalogers) are responsible for processing, cataloging, and storing the collections. Responsibility for the cataloging database which includes tasks such as, updating and maintenance rests with the Senior Curator–Collections, Gila River Indian Community MIS Department, and the PXAO IRM Branch Chief (Bureau of Reclamation). In FY 2008, the HHC collections staff will continue to focus on the cataloging process for Arizona State Museum’s Salt-Gila Aqueduct Project (Accession 2004.004) until completion, which is the final sizeable Central Arizona Project collection requiring processing. Remaining to be cataloged in Accession 4 are 99 boxes of research collections, which consist of pollen samples, macrobotanical materials, soil samples, wood materials and special analysis materials. The cataloging process for all boxed materials is expected to be completed by the end of the 4th quarter of FY 2008. Also remaining to be cataloged are two full cabinets of controlled collections, which are expected to be cataloged in FY 2009. As a repository for Reclamation (federal) collections, the HHC is responsible for contributing to Reclamation’s Museum Property Program and for meeting the standards set forth in 36 CFR Part 79. This responsibility includes conducting an Annual Museum Property Survey as outlined in the inventory procedures of 411 DM, the Department of Interior’s Museum Property Handbook. The survey involves HHC collections personnel and will include 1) a random sample of all PXAO research collections cataloged since the previous survey (FY 2006); 2) a 100% check of all controlled PXAO property; 3) a 100% inventory check of PXAO documentation and records for uncataloged accessions; and 4) a random sample of complete...
Receipt of Collections. Subservicer shall, on behalf of the Servicer and in accordance with the Subservicing Standard, perform each of the following services in respect of the Pledged Contracts identified to the Subservicer from time to time in accordance with Section 2.2 hereof:
(i) receive payments made in respect of a Pledged Contract to a Lock-Box or a Depository Account;
(ii) instruct all Lock-Box Processors to deposit all Collections received thereby or remitted to any Lock-Box into a Depository Account within three (3) Business Days following receipt thereof;
(iii) instruct all Depository Account Banks to deposit all Collections received thereby to a Depository Account within three (3) Business Days following receipt;
(iv) cause all Collections to be remitted from the Depository Accounts to the Collection Account within three (3) Business Days following identification thereof;
(v) cause all Collections received by the Borrower or the Servicer directly to be remitted to a Depository Account or the Collection Account within one (1) Business Day of receipt; and
(vi) cause each Depository Account and Lock-Box to be subject at all times to the Master Agency Agreement.
Receipt of Collections. Subservicer shall, on behalf of the Servicer and in accordance with the Subservicing Standard, perform each of the following services in respect of the Pledged Contracts identified to the Subservicer from time to time in accordance with Section 2.2 hereof: (i) receive payments made in respect of a Pledged Contract to a Lock-Box or a Depository Account; (ii) instruct all Lock-Box Processors to deposit all Collections received thereby or remitted to any Lock-Box into a Depository Account within three (3) Business Days following receipt thereof; (iii) instruct all Depository Account Banks to deposit all Collections received thereby to a Depository Account within three (3) Business Days following receipt; (iv) cause all Collections to be remitted from the Depository Accounts to the Collection Account within three (3) Business Days following identification thereof; E-3