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 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.

  • The General Conditions shall apply to the Buyer Credit Guarantee.

  • 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.

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

  • 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.

  • To prevent uncertainty, the Buyer Credit Guarantee does not cover any other payment obligations arising under or in connection with the Credit Documents than the Guaranteed Receivables or those specified in Clause 11.1 of the General Conditions.

  • 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).

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

  • A., acting as agent through its office at ▇▇/▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇ 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 obligation of KEIC under the KEIC Buyer Credit Policy shall terminate, become unenforceable or otherwise cease to be in full force and effect as a result of the acts or omissions of the Borrower.