Affiliate Definition; Credit Sample Clauses

Affiliate Definition; Credit. As used in this Note, the term "Affiliate" of Salton or "Affiliate" of Windmere means any person or entity that is controlled by, under the control of or under common control with a person or entity within the meaning of Rule 405 adopted by the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended. Commencing as of the date hereof, to the extent that Salton or any Affiliate of Salton purchases products from Windmere, its manufacturing Affiliate with offices in Hong Kong, Durable Electrical Metal Factory, Ltd., or any other Affiliate of Windmere, an amount equal to five percent (5%) of the total purchase price paid by Salton shall constitute a credit, first, against accrued and unpaid interest owing on this Note and, next, against the unpaid principal balance of this Note; provided, however, that such credits shall not be considered payments, distributions or sets-offs under Section 3 of this Note; and further provided, that nothing contained herein shall obligate Salton or any Salton Affiliate to buy any products from Windmere or any Windmere Affiliate, nor obligate Windmere or any Windmere Affiliate to sell any products to Salton or any Salton Affiliate.
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Affiliate Definition; Credit. As used in this Note, the term "Affiliate" of Salton or "Affiliate" of Windmere means any person or entity that is controlled by, under the control of or under common control with a person or entity within the meaning of Rule 405 adopted by the Securities and Exchange Commission pursuant to the Securities Act of 1933, as amended. Commencing as of the date hereof, to the extent that Salton or any Affiliate of Salton purchases products from Windmere, its manufacturing Affiliate with offices in Hong Kong, Durable Electrical Metal Factory, Ltd., or any other Affiliate of Windmere, an amount equal to five percent (5%) of the total purchase price paid by Salton shall constitute a credit, first, against accrued and unpaid interest owing on this Note and, next, against the unpaid principal balance of this Note; PROVIDED, HOWEVER, that such credits shall not be considered payments, distributions or sets-offs under Section
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Related to Affiliate Definition; Credit

  • Additional Definition Section 1.02 of the Credit Agreement is hereby amended to add thereto in alphabetical order the following definition which shall read in full as follows:

  • Cause Definition “Cause” shall solely be defined as:

  • Additional Definitions The following terms have the meanings given below:

  • Special Definitions For purposes of this Article Fourth, the following definitions shall apply:

  • Additional Defined Terms Section 1.01 of the Credit Agreement is hereby further amended and supplemented by adding the following new definitions, which read in their entirety as follows:

  • Definition “Confidential Information” means oral, written and electronic materials (irrespective of its source or form of communication) furnished before, on or after the date of this Agreement to the Asset Representations Reviewer for the purposes contemplated by this Agreement, including:

  • Principal Funding Account; Controlled Accumulation Period (a)(i) The Servicer, for the benefit of the Series 1997-1 Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account (the "Principal Funding Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Series 1997-1 Certificateholders. The Principal Funding Account shall initially be established with the Trustee.

  • Amended Definition The following definition in Section 1.1 of the Credit Agreement shall be and it hereby is amended and restated in its entirety to read as follows:

  • Definition of Affiliate For purposes of this Agreement, the term "Affiliate" shall mean any entity, individual, firm, or corporation, directly or indirectly, through one or more intermediaries, controlling, controlled by, or under common control with Employer.

  • Environmental Definitions The following terms, as used herein, have the following meanings:

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