Auction Credit definition

Auction Credit means a Receivable pursuant to which a wholesale auction has granted credit for the purposes of a float sale arrangement with dealers, provided that the wholesale auction shall be considered the “Obligor” of such Receivable and shall be subject to the Normal Concentration Percentage or Special Concentration Percentage, as applicable.
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Auction Credit means a Receivable pursuant to which a wholesale auction has granted credit for the purpose of a float sale agreement with dealers, provided that the wholesale auction shall be the "Obligor" of such Receivable and shall be subject to the Normal Concentration Percentage and the Special Concentration Percentage, as applicable;
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Examples of Auction Credit in a sentence

  • TGLP shall be entitled to retain the Auction Credit Card Fees and shall be responsible for paying any fees due to the credit card company and for any chargebacks assessed by the merchant bank in connection with Auction Software transactions by consumers.

  • Desbians Title: Senior Vice President Address for notices: 00 Xxxxx Xxxxxx Xxxxxx, XX 00000 Attn: Xxxxxx Xxxxxxxx Facsimile: 000-000-0000 Lending office: _____________________________ _____________________________ _____________________________ to A&R Auction Credit Agreement and A&R SFS Credit Agreement ING LLC, as a New Lender By: /s/ Xxxx X.

  • Xxxxxxxxxx Title: Senior Vice President to A&R Auction Credit Agreement and A&R SFS Credit Agreement CREDIT SUISSE AG, as a Lender By: /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx Title: Assistant Vice President By: /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx Title: Director to A&R Auction Credit Agreement and A&R SFS Credit Agreement NYCB SPECIALTY FINANCE COMPANY, LLC, as a Lender By: /s/ Xxxxxxx X.

  • Xxxxxxx Xxxxxx, XX0-000-00-00 Xxxxxxxxx, XX 00000 Attn: Xxxx Xxxxxxx Facsimile: __________________________ Lending office: __One Bryant Park ____________ __New York, NY 10036_________ __Attn: Susanna Profis___________ to A&R Auction Credit Agreement and A&R SFS Credit Agreement EVERBANK, as a New Lender By: /s/ Xxxxxxxxxxx X.

  • Xxxxxxxxxxxx Title: Managing Director Address for notices: __________________________________ __________________________________ Attn: ______________________________ Facsimile: __________________________ Lending office: _____________________________ _____________________________ _____________________________ to A&R Auction Credit Agreement and A&R SFS Credit Agreement dBANK OF AMERICA, N.A., as a New Lender By: /s/ Xxxxx Xxxxx Name: Xxxxx Xxxxx Title: Senior Vice President Address for notices: 000 X.

  • Xxxxx Title: Director Address for notices: 00 Xxxx 00xx Xxxxxx Xxx Xxxx, XX 00000 Attn: Xxxxxx Xxxxxx Facsimile: 000-000-0000 Lending office: ___00 Xxxx 00xx Xxxxxx _________ ___New York, NY 10036________ _____________________________ to A&R Auction Credit Agreement and A&R SFS Credit Agreement THE HUNTINGTON NATIONAL BANK, as a New Lender By: /s/ Xxxxx Xxxxxxx Name: Xxxxx Xxxxxxx Title: Vice President Address for notices: 000 X.

  • Subject to the satisfaction of the conditions precedent set forth in Paragraph 5 of this Amendment, the Auction Credit Agreement (including certain Schedules and Exhibits thereto) is hereby amended as set forth in Attachment A hereto.

  • Xxxxxxxxxxxx Title: Managing Director to A&R Auction Credit Agreement and A&R SFS Credit Agreement XXXXXXX XXXXX BANK USA, as a Lender By: /s/ Xxxxxxx X.

  • Xxxxxxxx Title: Vice President to A&R Auction Credit Agreement and A&R SFS Credit Agreement SANTANDER BANK, N.A., as a New Lender By: /s/ Xxxxxx X.

  • Xxxxxxxx Title: Vice President to A&R Auction Credit Agreement and A&R SFS Credit Agreement NYCB SPECIALTY FINANCE COMPANY, LLC, as a Lender By: /s/ Xxxxxxx X.

Related to Auction Credit

  • Continuing education credit or “CE credit” means one continuing education credit as defined in [insert reference in State law or regulations governing producer continuing education course approval].

  • Pension Credit ; means the means-tested Guarantee or Savings Credit administered by the Department for Work and Pensions under the State Pension Credit Regulations 2002;

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Credit Enhancement Percentage For any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the sum of the aggregate Certificate Principal Balances of the Mezzanine Certificates and the Class CE Certificates, and the denominator of which is the aggregate Stated Principal Balance of the Mortgage Loans, calculated after taking into account distributions of principal on the Mortgage Loans and distribution of the Principal Distribution Amount to the Certificates then entitled to distributions of principal on such Distribution Date.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Discount Percentage shall have the meaning specified in Section 2.11.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Credit Account is modified to read “Grant Account”.

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Credit Card Advance Rate means 90%.

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Emission Reduction Credits means emission reductions that have been authorized by a local air pollution control district pursuant to California Health and Safety Code, Division 26 Air Resources, Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Revolving Advance has the meaning given in Section 2.1.

  • Equipment Advance is defined in Section 2.1.1.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).