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.
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Credit Acts means the Credit Act 1984 and the Consumer Credit (Victoria) Code.'.
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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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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.

  • However, the key consumer credit legislation which is relevant to this consultation (the Consumer Credit Acts 1974 and 2006 and associated regulations) applies to the whole of the UK.

  • You agree to comply with all relevant legislation including Advertising and Broadcast regulations, Consumer Credit Acts and Trades Descriptions 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.

  • 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.

  • Before they knew it, their $3 billion equity was wiped off and the Long Term Capital Management (LTCM) was bankrupt leaving other Wall Street firms with over a trillion dollars in counterparty risk and no means to cover it.

  • If you think an entry in your Credit Report is wrong, your rights under the Consumer Credit Acts 1974 and 2006 and the Data Protection Act 1998 are explained in the Information.

  • The PSA discussed the issue of differential pricing in more detail in its 1992 Inquiry into Credit Card Interest Rates.35 At that time, State Credit Acts were seen as obstacles to the introduction of differential pricing.

  • The PSA recommended that the restrictions in the State Credit Acts that prevented or discouraged differential pricing should be revoked.Following this report, Australia’s credit laws were amended to remove the legislative obstacles to differential pricing.

  • This could help some prospective consumers to realise what seems to be the obvious and therefore to be circumspect.In spite of the National Credit Act's broad definition of "advertisement", it is uncertain whether or not its advertising provisions apply to online consumer transactions.

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 the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • 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 or its specified Subsidiaries 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 the Issuer, the Issuer's obligation to issue Letters of Credit pursuant to Section 2.1.3 and, with respect to each of the other Lenders that has a Revolving Loan Commitment, the obligation of each such Lender to participate in such Letters of Credit pursuant to Section 2.6.1.

  • 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).

  • Letter of Credit Exposure means, with respect to any Lender, at any time, the sum of (a) the Dollar Equivalent amount of the principal amount of any Unpaid Drawings in respect of which such Lender has made (or is required to have made) payments to the Letter of Credit Issuer pursuant to Section 3.4(a) at such time and (b) such Lender’s Revolving Credit Commitment Percentage of the Letters of Credit Outstanding at such time (excluding the portion thereof consisting of Unpaid Drawings in respect of which the Lenders have made (or are required to have made) payments to the Letter of Credit Issuer pursuant to Section 3.4(a)).

  • Revolving Letter of Credit means a letter of credit issued by a Revolving Fronting Bank pursuant to Section 2.03(a) and shall also include each Existing Letter of Credit.

  • 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 $60,000,000.

  • 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 a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

  • Letter of Credit Outstandings means, at any time, the sum of (i) the aggregate Stated Amount of all outstanding Letters of Credit and (ii) the amount of all Unpaid Drawings.

  • 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.

  • Trade Letter of Credit shall have the meaning provided in Section 2.01(a).

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.