Granting of Credit. The decision to extend credit to any Applicant under the Program shall be Bank’s decision. Bank shall establish and administer the underwriting and credit decisions for the Program. Applicants deemed qualified by Bank and who desire to use the Program shall be granted an Account by Bank with a credit line in an amount to be determined by Bank in its discretion for each individual applicant. Subject to applicable law, Bank shall determine the terms and conditions of the Account in its sole discretion.
Granting of Credit. 2.2 Subject to the written approval of a director of the Supplier, the Customer shall be entitled to place orders for Goods and Services up to the maximum amount stipulated on the application form (“the credit limit”), provided the relevant security remains valid and executable.
2.3 The credit limit may, on the request of the Customer, be increased by the Supplier in its sole discretion. The credit limit and/or the provision of credit may be varied or terminated at any time by the Supplier in its sole and absolute discretion and without notice, for any reason including breach of any of the provisions of this agreement by the Customer.
2.4 The Customer must periodically provide Supplier with such financial information or security required by the Supplier to support any request for credit or increase in the credit limit. If the financial capacity of the Customer becomes impaired or unsatisfactory to the Supplier, advance cash payment or security satisfactory to the Supplier shall be given by the Customer on demand by the Supplier and provision of the Goods and Services may be withheld until such payment or security is received.
2.5 Should the provision of credit be terminated by the Supplier for any reason, then all amounts outstanding in respect of Goods and Services provided, but not yet paid, will immediately become due and payable on demand.
Granting of Credit. 2.1 All sales will be on a strictly cash basis with payment secured in advance, unless the Supplier in its sole discretion agrees in writing to extend the Customer credit terms.
2.2 Subject to the written approval of a director of the Supplier, the Customer shall be entitled to place orders for Goods and Services up to the maximum amount stipulated on the application form (“the credit limit”), provided the relevant security remains valid and executable.
2.3 The credit limit may, on the request of the Customer, be increased by the Supplier in its sole discretion. The credit limit and/or the provision of credit may be varied or terminated at any time by the Supplier in its sole and absolute discretion and without notice, for any reason including breach of any of the provisions of this agreement by the Customer.
2.4 The Customer must periodically provide Supplier with such financial information or security required by the Supplier to support any request for credit or increase in the credit limit. If the financial capacity of the Customer becomes impaired or unsatisfactory to the Supplier, advance cash payment or security satisfactory to the Supplier shall be given by the Customer on demand by the Supplier and provision of the Goods and Services may be withheld until such payment or security is received.
2.5 Should the provision of credit be terminated by the Supplier for any reason, then all amounts outstanding in respect of Goods and Services provided, but not yet paid, will immediately become due and payable on demand.
Granting of Credit. 4.1 The college may grant credit for prior formal learning which is assessed by determining the extent to which the applicant’s prior studies and assessed standards are equivalent to the content and learning outcomes of one or more units in the higher education course. The educational judgement concerning equivalence is based on the discipline context, content, standards and assessment in the program or unit the applicant has undertaken.
4.2 The college may grant credit based on prior informal and non-formal learning which is assessed by determining the extent to which the applicant has achieved the learning outcomes of one or more units in the higher education course. The educational judgement concerning equivalence is based on the extent to which the applicant can demonstrate they have achieved the required learning outcomes.
4.3 Decisions regarding the granting of credit will:
4.3.1 Be evidenced based, equitable and transparent
4.3.2 Be applied consistently and fairly with decisions subject to appeal and review
4.3.3 Recognise learning, provided that the learning is relevant and current and has a relationship to the learning outcomes of the unit
4.3.4 Be academically defensible and take into account the student’s ability to meet the learning outcomes of the unit and course successfully
4.3.5 Recognise the unique quality of a college higher education award
4.3.6 Be decided in a timely way
4.3.7 Allow for credit outcomes to be used to meet prerequisites or other specified requirements for entry into a course leading to a qualification or for the partial fulfilment of the requirements of a qualification
4.3.8 Be formally documented for the student including any reasons for not giving credit.
4.4 Credit should not be granted where it is likely to result in the student experiencing difficulty in making satisfactory academic progress, or if their English competency is not appropriate for the remainder of the course.
Granting of Credit. 4.1 The granting of Credit to the Customer in terms hereof shall be entirely to the discretion of United Bulk.
4.2 The Customer shall be entitled to place Orders up to the Credit Limit.
4.3 Subject to clauses 4.1 and 4.2, the Credit Limit may be reduced by either United Bulk or the Customer on written notice (which shall specify the new Credit Limit and when it will take effect), signed by an authorised representative (details of the Customer's authorised representative are set out in the Credit Application), provided that where the Customer requests a decrease in the Credit Limit this will apply only if and to the extent that there is unutilised credit available to the Customer unless the Customer reduces the Outstanding Amount.
4.4 The Credit Limit may only be temporarily or permanently increased by agreement between the Customer and United Bulk.
4.5 Should the Customer exceed the Credit Limit at any time, United Bulk shall at its sole discretion and without prejudice to any of its rights or remedies in terms hereof and at law, be entitled to refuse to accept an Order Confirmation, even though any amount in respect the Services already rendered may not yet be due and payable.
4.6 The fact that the Customer receives Credit in terms of this Agreement does not mean and shall not be construed as obliging United Bulk to render Services to the Customer, it being understood that United Bulk shall always be entitled to refuse to render Services required by the Customer.
Granting of Credit. In-service credit hours shall be cumulative only in pre-approved programs or activities of related topics, spread over several sessions. Unit members may accumulate in-service hours in order to receive payment for the in- service credit.
Granting of Credit. The Company does not advance monies to its employees, nor does it grant loans.
