Credit Purchase. Subject to the terms and conditions set forth in this Agreement, OMU hereby grants to Customer the right to receive a production-related credit on its electric bill for the Service Address noted above (the “Service Address”), based on an allocation of the actual net electrical output of the OMU Community Solar Array (“Solar Array”) in proportion to the amount of nameplate capacity in the Solar Array associated with the Units being purchased by Customer. Unit(s) Purchased x 143 xxxxx = xxxxx of Solar Array capacity. The Solar Array will be located at 000 Xxxxxx Xxxxxxx Court, Osage, IA and will be owned, operated and maintained by OMU. Customer acknowledges and agrees that Customer has no ownership or possession of any solar panels or any other physical elements that are part of the Solar Array or the capacity thereof, or ownership interest in OMU. Customer will not be receiving, and is not entitled to physically receive, any of the actual electricity produced by the Solar Array.
Credit Purchase. Hire purchase is a credit purchase as the goods are sold for payment that is to be done in future period of time.
Credit Purchase. If you are not satisfied with the goods or services purchased with your Card and, provided you have tried in good faith to correct the problem with the merchant or seller, you may have the right not to pay the remaining amount due on the merchandise or service. There are two limitations to this right: (i) you must have made the purchase in US Virgin Island, within one hundred (100) miles of your mailing address, and the Purchase price must be more than $50; (ii) you must have used the Card for the purchase (Purchases made with Cash Advances from an automated teller machine (ATM) or with a check that accesses your Account do not qualify); and (iii) you must not yet have fully paid for the Purchase. These limitations do not apply if the business is owned or controlled by the Bank, or if the Bank sent you the advertisement or promotion for the goods or services. If all of these criteria are met and you are still dissatisfied with the Purchase, write to us at the address shown above. While we investigate, the same rules stated previously regarding the disputed amount apply. After we finish the investigation, we will notify you, our decision. Then, if we believe that you owe any amount and you do not pay, we may report your Account as delinquent.
Credit Purchase. The Customer has the right to purchase Pre-paid Credits before the use of the Service. As per the usage and billing, the Pre-paid Credits shall be deducted against the Customer Account directly and automatically. Credit Purchase can be used by Customers solely to pay for services provided under this Agreement. Amounts or credit transferred cannot be refunded.
Credit Purchase. A procurement where the payment of the purchase price is deferred through installment payments and includes the payment of interest, or is otherwise financed by the seller, lessor, or third party. The term as used in these guidelines refers to installment purchases, capital leases, or similar financing arrangements where ownership passes to the Using Agency at some point during the term of the agreement, or where the payments made under the agreement substantially cover the purchase price, or where the length of the term of the agreement substantially covers the useful life of the equipment. For clarification Using Agencies are referred to the Lease Accounting Section of the XXXX Manual and the Fixed Assets & Lease Accounting staff in the Department of Accounts ("DOA").
