Commercial Credit Account definition

Commercial Credit Account means a trading account granted in writing by the Supplier to the Purchaser prior to entering into a Contract on such terms and conditions agreed between the Purchaser and Supplier;
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Commercial Credit Account means a trading account granted in writing by the Supplier to the Customer;
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Commercial Credit Account means the credit account in favour of the Applicant that is subject to credit terms set by Grant Broadcasters and established as a result of Grant Broadcasters’ approval of a credit application submitted by the Applicant;
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Examples of Commercial Credit Account in a sentence

  • Commercial Credit Account means the credit terms that have been agreed in writing between the Client and SCA based on the credit application completed by the Client and submitted to SCA.

  • The Client must immediately notify SCA in writing of any material change in any information provided to SCA in relation to the Agreement or an application for a Commercial Credit Account.

  • Declaration I/We declare the information contained in this Application for Commercial Credit Account is in all respects accurate and truthful at the date indicated and acknowledge that should credit be granted it will be done upon reliance on this information.

  • Company hereby authorizes Bank to transfer amounts as loan payments on the Commercial Credit Account subject to change without prior notification of the new amount to be transferred due to: (i) late charges assessed; (ii) delinquent amounts due; or (iii) any other payment amounts required under the terms of the Commercial Credit Account.

  • Company represents and warrants to Bank that Company at the time of each such transfer is authorized to withdraw funds from such Accounts and to take draws from each such Commercial Credit Account.

  • Company agrees that use of Company’s Access Codes delivered by Bank and Bank’s Security Procedures represent commercially reasonable security procedures, which Company and Bank agree upon, for purposes of Company’s providing Instructions for loan advances and loan payments from and to Company’s Commercial Credit Account.

  • This Commercial Credit Account shall be considered an Account under this Agreement.

  • If the Customer has a Commercial Credit Account these Additional Charges will be added to the Supplier's invoice for payment.

  • Agreement means Commercial Credit Account, Sale and Security Agreement including all agreement entered into between the Company and the Customer.

  • Unless the Client has a Commercial Credit Account with a sufficient unutilized limit, all orders are subject to ATCO’s credit approval within 15 days from the date of the receipt by ATCO of the Client’s acceptance of Quotation.


More Definitions of Commercial Credit Account

Commercial Credit Account means an arrangement approved (and not withdrawn) by SunRice that permits the Grower to pay for Seed after delivery in accordance with these Terms.
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Related to Commercial Credit Account

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

  • 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 LC Collateral Account is defined in Section 2.20.11.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Liquidity Account Investments means Deposit Securities or any other security or investment owned by the Fund that is rated not less than A3 by Moody’s, A- by Standard & Poor’s, A- by Fitch or an equivalent rating by any other NRSRO (or any such rating’s future equivalent) or if not rated, determined by the Adviser to be of comparable quality.

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • 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.

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

  • Commercial LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding commercial Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements relating to commercial Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers at such time. The Commercial LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the total Commercial LC Exposure at such time.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • 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.

  • 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.

  • Credit Balance means the funds remaining and due to a Student after such Student’s loans and other financial aid remittances, including but not limited to Title IV Higher Education Act program funds, have been credited to the Student’s account at School.

  • Credit life insurance means insurance on the life of a debtor in connection with

  • 4% Credits means Federal Credit available to Bond Financed Projects which meet the requirements of this Plan.

  • 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.

  • Federal credit means the Low Income Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • Letter of Credit Bank means any Person who has provided a Servicer Letter of Credit pursuant to Section 4.02(b).

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Letter of Credit Accommodations means, collectively, the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Agent or any Lender for the account of any Borrower or Obligor or (b) with respect to which Agent or Lenders have agreed to indemnify the issuer or guaranteed to the issuer the performance by any Borrower or Obligor of its obligations to such issuer; sometimes being referred to herein individually as "Letter of Credit Accommodation".