Credit Arrangement Sample Clauses
A Credit Arrangement clause defines the terms under which one party extends credit to another, outlining the conditions, limits, and obligations related to borrowing and repayment. Typically, this clause specifies the maximum credit amount, interest rates, repayment schedules, and any collateral or security required. By clearly setting out these terms, the clause helps manage financial risk and ensures both parties understand their rights and responsibilities regarding credit, thereby reducing the likelihood of disputes or misunderstandings.
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Credit Arrangement any credit agreement, extension of credit or hire purchase agreement, loan or transaction in the nature of a loan, lease or rental agreement, invoice, account, agreement or other evidence of debt, payments made or withdrawals from any customer’s account involving items which are not finally paid for any reason.
Credit Arrangement. 37.4.1. You acknowledge that we do not deal with you on credit, and may set a limit on your Account and amount of margin you have paid puts any limit on your potential losses in respect of a Transaction and/or Contract. You acknowledge and agree that your financial liability to us may exceed the level of any credit or other limit placed on your Account.
Credit Arrangement. RSI, at least 10 days prior to Closing, shall have received the written consent of ▇▇▇▇▇ Fargo New Mexico, N.A. ("▇▇▇▇▇ Fargo") with respect to the Merger and with respect to the assumption by the Surviving Corporation of the BOS rights and obligations under existing financial accommodations extended by ▇▇▇▇▇ Fargo to BOS and specifically under the certain Promissory Notes and related loan documentation listed in Schedule 7.7 hereto (the "Assumed Loans"), and to the substitution of RSI for the Becks as guarantor with respect to the Assumed Loans, or shall have received such other written commitment from ▇▇▇▇▇ Fargo as is satisfactory to RSI with regard to such matters.
Credit Arrangement. Both are forms of credit where the buyer does not pay upfront, and the seller agrees to extend credit.
Credit Arrangement