Credit Acts definition

Credit Acts means (i) the Fair Debt Collection Practices Act, 16 U.S.C. ss.1692, et. seq., the Fair Credit Reporting Act, 16 U.S.C. ss.1681 et. seq., and any other provision of the Consumer Credit Protection Act, in each case, together with the rules and regulations promulgated thereunder, (ii) the Telemarketing and Consumer Fraud and Abuse Prevention Act of 1994, 15 U.S.C. ss.6101 et. seq., together with the rules and regulations promulgated thereunder, (iii) the Telephone Consumer Protection Act of 1991, together with the rules and regulations promulgated thereunder, and (iv) any Requirement of Law of any jurisdiction relating to the subject matter covered by any of the foregoing, all as amended and supplemented from time to time, or any successors thereto. 1. 23A. Debt shall have the meaning set forth in Section 2.8(b).
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Credit Acts means (i) the Fair Debt Collection Practices Act, 16 U.S.C. ss.1692, et seq., the Fair Credit Reporting Act, 16 U.S.C. ss.1681 et seq., and any other provision of the Consumer Credit Protection Act, in each case, together with the rules and regulations promulgated thereunder, (ii) the Telemarketing and Consumer Fraud and Abuse Prevention Act of 1994, 15 U.S.C. ss.6101 et seq., together with the rules and regulations promulgated thereunder, (iii) the Telephone Consumer Protection Act of 1991, together with the rules and regulations promulgated thereunder, and (iv) any Requirement of Law of any jurisdiction relating to the subject matter covered by any of the foregoing, all as amended and supplemented from time to time, or any successors thereto.
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Credit Acts means the Credit Act 1984 and the Consumer Credit (Victoria) Code.'.
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Examples of Credit Acts in a sentence

  • Each of the Company and its Subsidiaries is operating in compliance with all Requirements of Law applicable to it or any of its respective properties or to which the Company or any of its Subsidiaries or any of their respective properties is bound or subject including, without limitation, the Credit Acts.

  • WE are entitled to note any default by YOU in terms of this AGREEMENT and, in accordance with The National Credit Act's requirements, with any credit bureau, and YOU hold US blameless for any consequences arising from the notation.

  • Except as set forth on the Disclosure Schedule attached to this Agreement, since January 1, 1992, none of the Seller or the Shareholders has received any notice from any Person concerning alleged violations of, or the occurrence of any events or conditions resulting in alleged noncompliance with, any Requirement of Law applicable to the Seller or any of its properties or to which the Seller or any of its properties is bound or subject including, without limitation, any of the Credit Acts.

  • The Seller is operating in compliance with all Requirements of Law applicable to it or any of its properties or to which the Seller or its properties is bound or subject including, without limitation, the Credit Acts.

  • Exceptions to the FCA prior approval requirement are that System institutions can redeem member stock up to an amount equal to the Farm Credit Act's minimum member-borrower stock requirement of $1,000 or 2 percent of the member's loan, whichever is less.

  • RESOLVED: that Cabinet: 1) Delegates to Birmingham City Council the discharge of the enforcement function and powers under the Consumer Credit Acts 1974 and 2006 and any legislation which amends or succeeds the same, including any secondary legislation made there under in so far as they relate to illegal money lending in Leicester City and for such cases and investigations as are agreed between the Authorities.

  • The College’s Academic Fees Refunds Policy is required to comply with relevant legislation such as the Consumer Credit Acts 1974 and 2006 as well as relevant funding body guidelines such as and the Apprenticeship Funding and Performance Management rules for training providers.

  • Due to their characteristics, overdrafts are categorised as due within one year.(2) Under the Consumer Credit Acts of the States of Victoria, New South Wales, South Australia and Western Australia, and the Australian Capital Territory, the Company must give notice to credit card holders when an increase in interest rates is sought.

  • Since January 1, 1992, none of the Seller or the Shareholder has received any notice from any Person concerning alleged violations of, or the occurrence of any events or conditions resulting in alleged noncompliance with, any Requirement of Law applicable to the Seller or any of its properties or to which the Seller or any of its properties is bound or subject including, without limitation, any of the Credit Acts.

  • NLA considers that the civil penalty regime operating under the former Credit Acts which exposed unlicensed credit providers to payment of a penalty equivalent to the principal and interest had merit: it allowed for enforcement by consumers and was a strong deterrent to avoidance.


More Definitions of Credit Acts

Credit Acts means the Credit Act 1984 and the Consumer Credit (Victoria) Code.'. 57. Further amendment of Credit (Administration) Act 1984In the Credit (Administration) Act 1984—
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Related to Credit Acts

  • 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.

  • 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".

  • Multicurrency Letters of Credit means Letters of Credit that utilize the Multicurrency Commitments.

  • Letter of Credit Agreements means all letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit.

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

  • Letter of Credit Report means a certificate substantially the form of Exhibit H or any other form approved by the Administrative Agent.

  • Trade Letters of Credit shall have the meaning assigned to such term in Section 2.05(a).

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

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Unissued Letter of Credit Commitment means, with respect to any Issuing Bank, the obligation of such Issuing Bank to issue Letters of Credit for the account of the Borrower in an amount equal to the excess of (a) the amount of its Letter of Credit Commitment over (b) the aggregate Available Amount of all Letters of Credit issued by such Issuing Bank.

  • Letter of Credit Commitment means, with respect to any Issuing Bank at any time, the amount set forth opposite such Issuing Bank’s name on Schedule I hereto under the caption “Letter of Credit Commitment” or, if such Issuing Bank has entered into one or more Assignment and Acceptances, set forth for such Issuing Bank in the Register maintained by the Administrative Agent pursuant to Section 9.07(d) as such Issuing Bank’s “Letter of Credit Commitment”, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • 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.

  • Letters of Credit as defined in Section 3.1(a).

  • Letter of Credit Reserve has the meaning set forth in Section 2.1.2(d).

  • Dollar Letters of Credit means Letters of Credit that utilize the Dollar Commitments.

  • Letter of Credit Exposure means, at any time, the sum of (a) the aggregate undrawn maximum face amount of each Letter of Credit at such time plus (b) the aggregate unpaid amount of all Reimbursement Obligations at such time.

  • Revolving Letter of Credit means each letter of credit issued pursuant to Section 3.1(a)(i) (including DIP Revolving Letters of Credit deemed issued as Revolving Letters of Credit pursuant to Section 3.10).

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank's Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Letter of Credit Subfacility means, at any time, an amount equal to the lesser of (a) the aggregate amount of the L/C Issuers’ Letter of Credit Sublimits at such time and (b) the Revolving Credit Facility at such time. The Letter of Credit Subfacility is part of, and not in addition to, the Revolving Credit Facility. On the Closing Date, the amount of the Letter of Credit Subfacility is $25,000,000.

  • Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Standard Letter of Credit Practice means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.

  • Letter of Credit Request shall have the meaning provided in Section 2.03(a).

  • Canadian Letter of Credit means any letter of credit issued by the Canadian Lender pursuant to Section 2.03. A Canadian Letter of Credit may be a commercial letter of credit or a standby letter of credit. No Letter of Credit shall be or become a Canadian Letter of Credit.

  • Letter of Credit Outstandings means, at any time, the sum of, without duplication, (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the aggregate amount of all Unpaid Drawings in respect of all Letters of Credit.

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.