Administration and Collections Sample Clauses
The 'Administration and Collections' clause outlines the responsibilities and procedures for managing and collecting payments or obligations under an agreement. Typically, this clause specifies which party is responsible for invoicing, tracking payments, and following up on overdue amounts, and may detail the process for handling disputes or adjustments. By clearly defining these administrative duties, the clause ensures efficient financial management and reduces the risk of misunderstandings or missed payments between the parties.
Administration and Collections. Appointment of the Servicer................................................................8 SECTION 4.2. Duties of the Servicer.....................................................................8 SECTIONS 4.3. through 4.4. Incorporation by Reference....................................................9 SECTION 4.5. Responsibilities of the Seller.............................................................9 SECTION 4.6. Servicing Fee..............................................................................9 TABLE OF CONTENTS (CONTINUED)
Administration and Collections. Section 4.1.
Administration and Collections. Section 4.1 Appointment of the Servicer 12 Section 4.2 Duties of the Servicer 13 Section 4.3 Lock-Box Arrangements 14 Section 4.4 Enforcement Rights 14 Section 4.5 Responsibilities of the Seller 15 Section 4.6 Servicing Fee 15
Administration and Collections. 9 Section 3.1. Appointment of Collection Agent........................................................9 Section 3.2. Duties of Collection Agent............................................................10 Section 3.3. Reports...............................................................................10 Section 3.4. Lock-Box Arrangements.................................................................11 Section 3.5. Enforcement Rights....................................................................11 Section 3.6. Collection Agent Fee..................................................................11 Section 3.7. Responsibilities of the Seller........................................................12 Section 3.8. Actions by Seller.....................................................................12 Section 3.9. Indemnities by the Collection Agent...................................................12
Administration and Collections. SECTION 6.1.
Administration and Collections. Section 4.1 Appointment of the Servicer. 31 Section 4.2 Duties of the Servicer. 32 Section 4.3 Collection Account Arrangements 33 Section 4.4 Enforcement Rights. 34 Section 4.5 Responsibilities of the Seller. 35 775839016.11 Section 4.6 Servicing Fee 35 Section 4.7 Excluded Obligors 35 Section 5.1 Appointment and Authorization 36 Section 5.2 Delegation of Duties 37 Section 5.3 Exculpatory Provisions 37 Section 5.4 Reliance by Agents 38 Section 5.5 Notice of Termination Events 39 Section 5.6 Non-Reliance on Administrator, Purchaser Agents and Other Purchasers 39 Section 5.7 Administrators and Affiliates 39 Section 5.8 Indemnification 40 Section 5.9 Successor Administrator 40 Section 5.10 Erroneous Payments 40 Section 5.11 Credit Insurance Policies 43
Administration and Collections. 50 SECTION 6.1. Appointment of Master Servicer....................................................50 SECTION 6.2. Duties of Master Servicer.........................................................50 SECTION 6.3. Rights After Designation of New Master Servicer...................................52 SECTION 6.4. Responsibilities of the Transferor................................................53
Administration and Collections. Section 3.1. Appointment of Collection Agent Section 3.2. Duties of Collection Agent
Administration and Collections. 30 Section 6.1 Appointment of Collection Agent........................................................... 30 Section 6.2 Duties of Collection Agent................................................................ 30 Section 6.3
Administration and Collections. 10 Section 3.1.