Buyer Credit definition

Buyer Credit means the aggregate amount of all the Buyer Credit Commitments advanced or to be advanced by the Lenders to the Borrower under clause 2 or, where the context requires, the aggregate amounts advanced and for the time being outstanding.
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Buyer Credit means a Credit established by means of a loan extended by the Lender directly to a Borrower and evidenced by a Credit Agreement and a Note, which names the Lender as sole payee.
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Examples of Buyer Credit in a sentence

  • The Buyer Credit will be reduced by the Seller Credit (as defined in Section 2.5(a)(ii)) (if any) and if balance of the Buyer Credit remains thereafter, Buyer and Seller shall then promptly jointly instruct the Escrow Agent to disburse to Buyer such amount from the Seller Escrow Deposit.

  • After reduction of the Seller Credit for any Buyer Credit that is owed to Buyer pursuant to Section 2.5(a)(i) hereof, if there remains a Seller Credit, then Buyer and Seller shall then promptly jointly instruct the Escrow Agent to disburse to Seller such amount from the Seller Escrow Deposit.

  • Other Infrastructure Jamaica and the Export-Import Bank of China signed a Preferential Buyer Credit Loan Agreement for the sum of US$58.1 million on February 3, 2010.

  • Any prepayment in an amount less than the Lender Indebtedness shall be applied pro-rata between the Buyer Credit and the Commercial Loan and, in the case of the Buyer Credit shall be applied in reducing the then future Repayment Instalments in inverse order of maturity.

  • If, following the Availability Termination Date, the aggregate amount advanced to the Borrower under the Buyer Credit is less than the Buyer Credit Maximum Amount, the amount of each Repayment Instalment of the Buyer Credit shall be reduced pro rata so that the aggregate sum of all such Repayment Instalments shall be equal to the aggregate amount of the Buyer Credit actually advanced.

  • A., acting as agent through its office at 00/X, Xxxxxxxxxxx Xxxxxxxx 000, Xxxxxxxxxxx 2-ga, Jung-gu, Seoul 100-767, for the Lenders under the KEIC Buyer Credit Policy (in that capacity the “KEIC Agent”).

  • Finnvera’s liability to pay any indemnification under the Buyer Credit Guarantee is limited to the Guaranteed Receivables.

  • A., acting as agent through its office at 00/X, Xxxxxxxxxxx Xxxxxxxx 000, Xxxxxxxxxxx 2-ga, Jung-gu, Seoul 100-767, for the Lenders under the KEIC Buyer Credit Policy (as this term is defined in Annex 1) (in that capacity the “KEIC Agent”).

  • The definitions set out in the General Conditions for Buyer Credit Guarantees dated 1 March 2004 shall apply to this Guarantee Agreement, unless otherwise stated herein.

  • A Lender may not assign or transfer its portion of the Buyer Credit or any part thereof without the consent of KEIC (such consent not to be unreasonably withheld or delayed).

Related to Buyer Credit

  • Other Credit Agreement means that certain Credit Agreement, dated as of the Closing Date, between Pledgor, as borrower, the financial institutions as lenders from time to time party thereto and Investec, as Administrative Agent for the lenders.

  • Customer Credit Liabilities means at any time, the aggregate remaining value at such time of (a) outstanding gift certificates and gift cards of the Borrowers entitling the holder thereof to use all or a portion of the certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits of the Borrowers.

  • Employer Credits means the amounts credited to the Participant’s Deferred Compensation Account by the Employer pursuant to the provisions of Section 4.2.

  • FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

  • Other Creditors shall have the meaning provided in the recitals of this Agreement.

  • Company Credit Agreement means the Amended and Restated Credit Agreement, dated as of September 30, 2016, as amended from time to time, among the Company, the guarantors named therein, the lenders named therein, and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, and all pledge, security, guaranty and other agreements and documents related thereto.

  • Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes.

  • Five-Year Credit Agreement means the Five-Year Credit Agreement, dated as of July 16, 2004, among the Borrower and certain of its affiliates, as borrowers, the lenders named therein, and Bank One NA, as administrative agent, as amended, supplemented or refinanced from time to time.

  • Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a contract in which the contractor met or exceeded his or her goals for the utilization of BEPDs in the performance of the contract.

  • Lender Creditors shall have the meaning provided in the recitals of this Agreement.

  • Closed-end credit means a credit transaction that does not meet the definition of open-end credit.

  • Borrower Credit Agreement Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, or the other Loan Documents, or any Letter of Credit, or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements).

  • Other Crossed Loans As defined in Section 2.03(a) of this Agreement.

  • 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 as of November 14, 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.

  • FTR Credit Requirement means the amount of credit that a Participant must provide in order to support the FTR positions that it holds and/or for which it is bidding. The FTR Credit Requirement shall not include months for which the invoicing has already been completed, provided that PJMSettlement shall have up to two Business Days following the date of the invoice completion to make such adjustments in its credit systems. FTR Credit Requirements are calculated and applied separately for each separate customer account.

  • Open-end credit means credit extended by a creditor under an agreement in which:

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Related Liability Amount with respect to any Related Liability on the books of the Assuming Institution, means the amount of such Related Liability as stated on the Accounting Records of the Assuming Institution (as maintained in accordance with generally accepted accounting principles) as of the date as of which the Related Liability Amount is being determined. With respect to a liability that relates to more than one asset, the amount of such Related Liability shall be allocated among such assets for the purpose of determining the Related Liability Amount with respect to any one of such assets. Such allocation shall be made by specific allocation, where determinable, and otherwise shall be pro rata based upon the dollar amount of such assets stated on the Accounting Records of the entity that owns such asset.

  • Consumer credit transaction means a consumer credit sale or consumer loan, or a refinancing or consolidation thereof, or a consumer lease, or a consumer rental purchase agreement.

  • Buyer Losses shall have the meaning set forth in Section 11.1 hereof;

  • Special Conditions of Contract means the pages completed by the Procuring Entity entitled Special Conditions of Contract which constitute Part A of the Special Conditions.

  • Pre-Petition Credit Agreement as defined in the recitals hereto.

  • New Credit Agreement means the Credit Agreement, dated as of the Issue Date, by and among Level 3 Parent, LLC, Level 3 Financing, Inc., Wilmington Trust, National Association, as administrative agent, the New Credit Agreement Agent and each lender party thereto from time to time, as may be amended, restated, supplemented or otherwise modified from time to time.

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • AND LIABILITY LIMITS State Street shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless State Street is notified of the unauthorized payment order within thirty (30) days of notification by State Street of the acceptance of such payment order. In no event shall State Street be liable for special, indirect or consequential damages, even if advised of the possibility of such damages and even for failure to execute a payment order.