Credit Approval definition

Credit Approval means either (i) a notice from us to you, in writing or by such electronic means as may be designated by us, that we have approved all or a portion of an Order; or (ii) Availability under a Credit Line.

Credit Approval means a notice given by the Insurers to the Insured stating the amount of the Credit Limit for a buyer or group of buyers and stipulating any specific conditions or changes to the insurance coverage applicable to sales to that buyer or group of buyers.

Credit Approval means the written determinations to be issued pursuant to Sections 42(m)(1)(D) and 42(m)(2)(D) of the Code approving low-income housing tax credits for the Project in an amount of not less than $427,708.

Examples of Credit Approval in a sentence

• All steps for approval are outlined on the Dual Credit Approval Form, as set forth in Appendix C.

• Each credit facility is approved by the bank’s Credit Approval Committee and CRM is a standing member of this committee (all members have veto power).

• The Department for Education & Skills sponsored the project and has issued the Council with a Notional Credit Approval of £62.8m.

• Credit Risk Management Policy covers guidelines on the Credit Approval process – Credit Risk Framework, loan pricing and concessions, Loan Monitoring & Controls, Credit Risk Rating Systems – pricing – capital allocation, Portfolio Management & Exposure ceilings, Prudential/Regulatory ceilings, such as industry wise exposure, sensitive sector exposure (capital market/ real estate exposure) and Risk Management of off-balance sheet exposure.

• CRM follows the Global Credit Approval Authority Scheme which defines the authority delegation level per type of counterpart (corporate / bank / financial institution etc), size of facility, credit rating of counterpart and type of approval- limit approval / temporary excess approval.Also in line with market convention, the Bank negotiates CSA terms for certain counterparties where the thresholds related to each party are dependent on their External Credit Assessment Institution (ECAI) long term rating.

More Definitions of Credit Approval

Credit Approval means a notice given by the Insurers to the Insured slating the amount of the Credit Limit for a buyer or group of buyers and. stipulating any specific conditions or changes to the insurance coverage applicable to sales to that buyer or group of buyers. Discretionary Credit Limit means the maximum Credit limit that the Insured may establish, without contacting the insurers, by using one of the methods for establishing such a Credit Limit set out in this Credit Management Schedule. OBLIGATIONS OF THE INSURED The Insured must establish and maintain a Credit Limit for all buyers by using one of the methods set out in Section 1 below or by requesting a Credit Approval from the Insurers (See Section 2, below). The Credit Limit should be equal to or greater than the amount owed by the buyer to the Insured. The Insured must take appropriate action to follow up on overdue accounts, including those set out in Section 3, below.

Credit Approval means the granting of credit to the Reseller at the sole discretion of Axiz, and on the terms stated in the credit approval letter, subject to the terms of this Agreement;

Credit Approval. This Agreement is subject to customer establishment of creditworthiness in accordance with established MTSS provisions. BTS may request an advance payment and/or deposit in accordance with MTSS and the provisions of its tariffs. Charges & Payment: Unless otherwise provided in the Schedules, payment for Service, installation, and Monthly Recurring Charges, including applicable surcharges and federal, state, and local taxes shall be due 30 days from the date on the xxxx. If the xxxx is not paid by the due date, it then becomes past due. BTS shall present bills for Monthly Recurring Charges to the Customer monthly in advance of the month in which the Service is provided. Automatic payment through Checking or Credit/Debit Card Electronic Fund Transfer (EFT) is optional. Billing and Payment Obligation: Billing for the service component will begin on the Service Activation Date, as specified, for the specific service type. The Service Activation Date is the date:

Credit Approval means an approval issued by EXIM Bank in respect of a Buyer or Buyers substantially in the form of Annexure B to be added as part of coverage under this Policy specifying details of a Buyer, the Credit Limit, the Insured Percentage, the Uninsured Percentage, the Maximum Credit Period, the Approval Effective Date, the Waiting Period and any special terms and conditions that supersede or amend the General Provisions provided hereunder and includes any amendments to the Credit Approval by the mutual consent of the Parties from time to time.

Credit Approval means an approval issued by EXIM Bank in respect of the Policyholder substantially in the form of Annex B to be added as part of obligor wise coverage under this Policy specifying certain terms and conditions of the coverage and any special terms and conditions that supersede or amend the Standard Wording provided hereunder and includes any amendments to the Credit Approval by the mutual consent of the Parties from time to time.

Credit Approval means, with respect to any Buyer, a credit approval by our Credit Department of the Buyer, your terms of sale to such Buyer, and the amount and duration of a Buyer Credit Line for such Buyer.

Credit Approval. This Proposal includes only a brief description of the substantive terms and conditions of the contemplated lease transactions and is not intended as a formal commitment of credit by CSC or Cisco Systems. Any funding by CSC for the purchase of equipment is subject to the ongoing credit approval of CSC (including the absence of any material adverse change, in the judgment of CSC, in the business or financial condition or prospects of Lessee) and to satisfactory documentation including as described below. You agree to provide two years’ audited financial statements, bank references, a completed credit application and any other required credit information along with the signed copy of this Proposal. You hereby authorize CSC an/or its agents to make a complete credit investigation and to relate this information to others as necessary to secure credit approval.