Delta FASA Credits Sample Clauses

Delta FASA Credits. For so long as a Delta General Termination, a Delta Bankruptcy FASA Rejection, a Delta Continuing Payment Termination or a Worldspan Bankruptcy Delta FASA Rejection has not occurred, on the first Business Day of each of the one hundred and eight (108) consecutive calendar months (each, a “Credit Accrual Date”) commencing with the calendar month immediately following the date of this Agreement, Delta shall earn and be entitled to a credit against the fees for services to be provided by Worldspan in such calendar month and which shall be applied against the outstanding invoice then payable by Delta to Worldspan pursuant to Article 4 of this Agreement that has the earliest due date after such Credit Accrual Date (the “Current Invoice”), which credit is equal to the amount set forth in column B of the table in Schedule 4.4(a) hereto directly opposite the applicable month in column A thereof (each such credit, a “Delta FASA Credit”). The amount outstanding under the Current Invoice shall be reduced by the applicable “Monthly Credit Amount”, with the “Monthly Credit Amount” being equal to the amount, if any, by which (x) the amount of a Delta FASA Credit earned and accrued in respect of such calendar month exceeds (y) the sum of (A) the Recoupment Amount, if any, that was included in the applicable Current Invoice, (B) the Delta Indemnity Claim Amount, if any, that was included in the applicable [**] = Confidential treatment requested for redacted portion, redacted portion has been filed separately with the Commission. Current Invoice and (C) the Delta FASA Claim Amount, if any, that was included in the applicable Current Invoice. If the Monthly Credit Amount is greater than the amount due under the Current Invoice (it being understood and agreed that if no amounts are actually invoiced as due during the applicable calendar month, there shall be deemed to exist a Current Invoice with respect to such calendar month and the amount due under such Current Invoice shall be deemed to be zero for purposes of this Section 4.4(a)) (such excess, a “FASA Credit Excess Amount”), then, except to the extent otherwise expressly provided in the Delta Subordination Agreement, Worldspan shall pay to Delta such FASA Credit Excess Amount on the due date of the applicable Current Invoice or, if no amounts are actually invoiced as due during the applicable calendar month, on or prior to the last day of such calendar month. Such payment shall be made by Worldspan by wire transfer of i...
Sample 1
AutoNDA by SimpleDocs

Related to Delta FASA Credits

  • Prorations and Credits The following items in this Section 5.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

  • Investment Credits The total fees due to the Transfer Agent from all funds affiliated with the Fund shall be reduced by an amount equal to the investment income earned by the Transfer Agent, if any, on the balances of the disbursement accounts for those funds. Such credits shall first be allocated to the Institutional Class, if any, of a Portfolio based upon the number of accounts holding shares of such Class relative to the total number of accounts holding all Classes of shares in the Portfolio. The Portfolio’s remaining fiscal year-to-date credits shall be allocated among accounts holding Class X, X0, X0, X, X0, X, X0, P, R, R5, S, Y, Invesco Cash Reserve and Investor Class Shares, as applicable, on the basis of fiscal year-to-date average net assets.

  • Credits All tax credits shall be allocated among the Members as determined by the Board in its sole and absolute discretion, consistent with applicable law. The tax allocations made pursuant to this Section 5.8 shall be solely for tax purposes and shall not affect any Member’s Capital Account or share of non-tax allocations or distributions under this Agreement.

  • Service Credits Only during the period in which the Bank is providing Transition Assistance:

  • Earnings Credits The Fund shall receive a credit for each calendar month against such compensation and fees of the Custodian as may be payable by the Fund in an amount equal to the aggregate of its Earnings Credit for such calendar month. In no event may such credit be transferred to, or utilized by, any other person or entity, except to the extent permitted by law, and then only to or by The Dreyfus Corporation, its affiliates and/or any investment company now or in the future for which The Dreyfus Corporation or any of its affiliates acts as the investment adviser or administrator (each, a “Permitted Transferee”). The credit shall be applied as follows and only in the specified order:

  • Tax Credits A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have made an increased payment under Clause 23.2 shall pay to the Borrowers a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers in respect of which the Borrowers made the increased payment, provided that:

  • Service Level Credits If vendor fails to provide the Services in accordance with the applicable Service Levels for any reason, except for Force Majeure Events (as defined in the Agreement), vendor will incur Service level Credits identified in and according to the schedule set forth in Attachment E-1 and/or Attachment E-2, provided that Vendor may earn back such Service level credits as provided under the provisions of Attachment E-1 and/or Attachment E-1, as the case may be. The Service Level credits will not limit Prudential's right to recover, in accordance with the terms of this Engagement Schedule, any other damages to which it may be entitled with respect to such failure to provide the Services in accordance with the Service Levels.

  • Refunds and Credits Any refunds and credits attributable to the Pre-Closing Tax Period shall be for the account of the Seller and any refunds and credits attributable to the period which is not part of the Pre-Closing Tax Period shall be for the account of the Buyer.

  • Sales on Credit If Collateral Agent sells any of the Collateral upon credit, Grantor will be credited only with payments actually made by purchaser and received by Collateral Agent and applied to indebtedness of the purchaser. In the event the purchaser fails to pay for the Collateral, Collateral Agent may resell the Collateral and Grantor shall be credited with proceeds of the sale.

  • Change in Credit and Collection Policy At least thirty (30) days prior to the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice (A) indicating such change or amendment, and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables, requesting the Agent's consent thereto.

Time is Money Join Law Insider Premium to draft better contracts faster.