Credit Adjustment definition

Credit Adjustment shall have the meaning specified in Section 3.02.
Credit Adjustment shall have the meaning specified in subsection ----------------- ---------- 4.2(d)(i). ---------
Credit Adjustment shall have the meaning specified in Section 5.07(a);

Examples of Credit Adjustment in a sentence

  • The Purchase Price shall be reduced on each Purchase Price Payment Date (a “Purchase Price Adjustment”) with respect to any Receivable conveyed to Chase Card Funding by JPMCB with respect to which during the preceding Monthly Period (a) JPMCB was obligated to accept reassignment pursuant to Section 2.06 or Section 2.07 and (b) any Credit Adjustment was made pursuant to subsection 3.06 of the Transfer and Servicing Agreement.


More Definitions of Credit Adjustment

Credit Adjustment is defined in the Section 3.02 of the Receivables Purchase Agreement.
Credit Adjustment has the meaning specified in subsection 4.03(d).
Credit Adjustment is defined in Section 8.4(e) of the Indenture. ----------------- --------------
Credit Adjustment is defined in Section 2.4.4.
Credit Adjustment means, with respect to one or more Receivables previously conveyed by the Seller to the Purchaser, an amount equal to the aggregate of (i) the reduction in the principal balance of the related Receivables described in Section 3.02 multiplied by the quotient (expressed as a percentage) of (ii) the Purchase Price for Principal Receivables payable on the related Distribution Date divided by the aggregate of the Principal Receivables transferred to the Purchaser on such Addition Date.
Credit Adjustment means that amount of the Outstanding Face Amount of any Principal Receivable (i) which was created in respect of any merchandise refused or returned by the Obligor or as to which the Obligor has asserted any defence, dispute, set-off or counterclaim (including a Transferor Section 75 Liability or Additional Transferor Section 75 Liability) or (ii) which is reduced by the Transferor, any Additional Transferor or the Servicer or any Co-Servicer by any rebate, refund, charge-back or adjustment (including Servicer or Co-Servicer errors) or (iii) which was created as a result of a fraudulent or counterfeit charge;
Credit Adjustment is defined in the SECTION 3.2 of the Receivables Purchase Agreement.