Credit Losses Sample Clauses

Credit Losses. It is understood that a Licensed Product may be sold or otherwise disposed of in a combination package containing other products or materials. In such a case “net selling price” for the purpose of determining royalty payments on the combination package, shall be calculated by multiplying the net selling price of that combination package by the fraction A/(A+B); where A is the gross selling price, during the royalty-paying period in question, of the Licensed Product sold separately and B is the aggregate of the gross selling prices, during the royalty-paying period in question, of the other products or materials sold separately. In the event that no separate sales are made of the Licensed Product or any of the other products or materials in such combination package during the royalty-paying period in question, “net selling price”, for the purpose of determining royalty payments, shall be calculated by multiplying the “net sales price” of the combination package by the fraction C/(C+D); where C is the standard fully-absorbed cost to the Licensee of the Licensed Product, and D is the aggregate of the standard, fully-absorbed costs to the Licensee of the other products or materials, such costs being determined by using the Licensee’s standard accounting procedures, which shall be in accordance with generally accepted practice.
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Credit Losses. 16 3.5 Accounts.................................................................................... 16 3.6 Ownership and Use of Company Customer Information and Bank Portfolio Information; Privacy..................................................... 16 3.7 Incidental Marketing Programs; Cross Marketing to Other Cardmembers......................... 20 3.8
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Credit Losses. As between Bank and Company, all credit xxxxxx, xncluding fraud, credit, deceased, bankruptcy, or unauthorized transactions on Accounts, shall be borne solely by Bank without recourse to Company; except for (a) credit losses incurred in respect of transactions charged back pursuant to Section 7.1 hereof, and (b) credit losses incurred after Accounts are purchased by Company (or its designee) in accordance with Section 9.2.
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Credit Losses. The charts in Section 2.4.2 of the Agreement (“Credit Losses; Assignment of Program B Loans”) are hereby deleted and replaced with the following new charts and “for the avoidance of doubt” clause below such new charts, and for purposes of interpretation and application of the following new charts a “Legacy Loan” includes any Loan originated prior to March 1, 2019 and a “New Loan” includes any Loan originated on or after March 1, 2019 Legacy Loans PROGRAM A LEGACY LOANS - 42 Month Term and 48 Month Term CREDIT LOSSES [*] – [*] above [*] RESPONSIBLE PARTY Company Citizens PROGRAM A LEGACY LOANS - 60 Month Term CREDIT LOSSES [*] – [*] above [*] RESPONSIBLE PARTY Company Citizens PROGRAM B LEGACY LOANS - All Terms CREDIT LOSSES [*] – [*] RESPONSIBLE PARTY Company New Loans PROGRAM A NEW LOANS (Credit Card) - 42 Month Term and 48 Month Term CREDIT LOSSES [*] – [*] above [*] RESPONSIBLE PARTY Company Citizens PROGRAM A NEW LOANS (Credit Card) - 60 Month Term CREDIT LOSSES [*]– [*] above [*] RESPONSIBLE PARTY Company Citizens PROGRAM A NEW LOANS (Debit Card) - 42 Month Term and 48 Month Term CREDIT LOSSES [*]– [*] above [*] RESPONSIBLE PARTY Company Citizens PROGRAM A NEW LOANS (Debit Card) - 60 Month Term CREDIT LOSSES [*]– [*] above [*] RESPONSIBLE PARTY Company Citizens PROGRAM B NEW LOANS - All Terms CREDIT LOSSES [*]– [*] RESPONSIBLE PARTY Company For the avoidance of doubt, the percentages referred to in the above charts are determined by a fraction for each category of Loan, the numerator of which is the cumulative lifetime Credit Losses for the monthly vintage in question, and the denominator of which is aggregate Loan balances originated for that vintage net of cancellations/refunds and recoveries.
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Credit Losses. Section 2.4.2 is hereby amended by (i) adding the following new second sentence thereto: “As it relates to Program A LOCs originated before February 1, 2022 (collectively, the “2021 Program A LOCs”) and all Program B LOCs, [*] shall be solely responsible for Credit Losses associated with such 2021 Program A LOCs [*] and Program B LOCs (up to [*]% of such Credit Losses).”, (ii) adding the words “and/or 2021 Program A LOC and Program B LOC” after the word “Loan(s)” each place it appears, and (iii) adding the words, “(C) with respect to the 2021 Program A LOCs or Program B LOCs, [*]” to the end of the second sentence of the second paragraph thereof.
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Credit Losses is the amount of Charges for which payment becomes one hundred eighty (180) calendar days or more past due. Credit Losses include all pre-empts, which are defined as any Charges accelerated to collection or written off early due to such factors as death or bankruptcy.
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Credit Losses 
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Related to Credit Losses

  • Funding Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

  • Funding Losses, Etc All prepayments under this Section 2.05 shall be made together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of Section 2.05(b), so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurocurrency Rate Loans is required to be made under this Section 2.05(b), prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit the amount of any such prepayment otherwise required to be made thereunder into a Cash Collateral Account until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05(b). Upon the occurrence and during the continuance of any Event of Default, the Administrative Agent shall also be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in accordance with this Section 2.05(b).

  • Operating Losses To the extent there is an Operating Loss for any calendar month, Owner shall have the right, without any obligation and in its sole discretion, to fund such Operating Loss within twenty (20) days after Manager has delivered notice thereof to Owner and any Operating Loss funded by Owner shall be a “Owner Operating Loss Advance.” If Owner does not fund such Operating Loss, Manager shall have the right, without any obligation and in its sole discretion, to fund such Operating Loss within twenty (20) days after such initial twenty (20) day period, and any Operating Loss so funded by Manager shall be an Additional Manager Advance. If neither party elects to fund such Operating Loss, Manager may elect, by notice to Owner given within thirty (30) days thereafter, to terminate this Agreement, which termination shall be effective thirty (30) days after the date such notice is given; upon such termination, Owner shall pay Manager the Termination Fee, within sixty (60) days of the effective date of termination, as liquidated damages and in lieu of any other remedy of Manager at law or in equity and such termination shall otherwise be in accordance with the provisions of Section 11.09.

  • Funding Loss 26 3.19 Foreign Lenders, Participants, and Assignees...................................................26

  • Interest, Funding Losses, Etc All prepayments under this Section 2.05 shall be accompanied by all accrued interest thereon, together with, in the case of any such prepayment of a Eurodollar Rate Loan on a date other than the last day of an Interest Period therefor, any amounts owing in respect of such Eurodollar Rate Loan pursuant to Section 3.05. Notwithstanding any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any prepayment of Eurodollar Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurodollar Rate Loan prior to the last day of the Interest Period therefor, the Borrower may, in its sole discretion, deposit with the Administrative Agent the amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrower or any other Loan Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute cash collateral for the Eurodollar Rate Loans to be so prepaid; provided that the Borrower may at any time direct that such deposit be applied to make the applicable payment required pursuant to this Section 2.05.

  • Allowance for Loan Losses The Company's allowance for loan losses is, and shall be as of the Effective Date, in compliance with the Company's existing methodology for determining the adequacy of its allowance for loan losses as well as the standards established by applicable Governmental Authorities and the Financial Accounting Standards Board and is and shall be adequate under all such standards.

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows:

  • Reallocation of Pro Rata Share to Reduce Fronting Exposure During any period in which any Revolving Credit Lender is a Defaulting Lender, for purposes of computing the amount of the obligation of each Revolving Credit Lender that is a Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Section 2.03, the “Pro Rata Share” of each Non-Defaulting Lender’s Revolving Credit Loans and L/C Obligations shall be computed without giving effect to the Revolving Credit Commitment of that Defaulting Lender; provided that (i) each such reallocation shall be given effect only if, at the date the applicable Revolving Credit Lender becomes a Defaulting Lender, no Default or Event of Default has occurred and is continuing; and (ii) the aggregate obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Revolving Credit Commitment of that Non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Revolving Credit Loans of that Non-Defaulting Lender. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. If the allocation described in this clause (iv) cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures satisfactory to such L/C Issuer (in its sole discretion).

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