Credit Card Obligations definition

Credit Card Obligations means any obligations of the Borrower under credit card processing arrangements or other similar payment processing arrangements entered into in the ordinary course of business of the Borrower.
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Credit Card Obligations shall have the meaning provided in the definition of “Obligations” in this Article IX.
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Credit Card Obligations shall have the meaning provided in Section 1 hereof.
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Examples of Credit Card Obligations in a sentence

  • For the purpose of this Agreement, the term “Class” shall mean each class of Secured Creditors, i.e., whether (1) the Lender Creditors as holders of the Credit Document Obligations, (2) the Credit Card Issuers as holders of the Credit Card Obligations, (3) the Hedging Creditors as holders of the Hedging Obligations, (4) the New Senior Notes Creditors as holders of the New Senior Notes Obligations or (5) the Refinancing Senior Notes Creditors as holders of the Refinancing Senior Notes Obligations.

  • The maximum balances on the credit cards are $50,000, and the Credit Card Obligations typically range from $10,000 to$20,000 per month.

  • The flight lead began his [visual identification] pass at approximately 450 knots indicated airspeed.

  • The maximum balances on the credit cards are$10,000 and the Credit Card Obligations typically range from $10,000 to $60,000 per month.

  • For the avoidance of doubt, nothing in this Paragraph 7 shall releaseDebtors from its obligations to U.S. Bank in connection with the Residual Payment Obligation, the Deficiency Claim, and the Credit Card Obligations, the Renewed Aircraft A Lease, and the Aircraft B Lease, as amended.

  • In preparing to deliver this service Wilts and Dorset Bus Company had procured three vehicles at a cost of more than £300,000 and had employed seven additional drivers.

  • As of the Petition Date, the Debtors estimate that there is $5,000 owed on account of the Credit Card Obligations, the entirety of which is expected to come due during the Interim Period.

  • All Letter of Credit Obligations and Credit Card Obligations shall be subject to the terms and conditions of this Agreement, in addition to the terms and conditions of any other agreement, document or instrument entered into between Lender and any such Borrower with respect thereto.

  • Howard, “Shifting Risk and Fixing Blame: The Vexing Problem of Credit Card Obligations in Bankruptcy, ”The American Bankruptcy Law Journal, Vol.

  • Margaret Howard, Shifting Risk and Fixing Blame: The Vexing Problem of Credit Card Obligations in Bankruptcy, 75 AM.


More Definitions of Credit Card Obligations

Credit Card Obligations means all obligations of all or any of the Borrowers and any Affiliate or Subsidiary of a Borrower to repay Lender all amounts advanced, or subject to advance, by Lender in connection with any credit cards or similar arrangements, whether heretofore, now or hereafter issued on behalf of any Borrower or any of its or their Affiliates or Subsidiaries.
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Credit Card Obligations means all obligations of the Borrower under credit card facilities established by National Bank of Canada in favour of the Borrower;
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Credit Card Obligations means any Indebtedness owing by Loan Parties to Lender or Lender’s Affiliates under any credit card agreements.
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Credit Card Obligations has the meaning given to such term in Section 9.7(a).
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Credit Card Obligations means any and all indebtedness and obligations of any Grantor or any subsidiary of any Grantor to any Lender or any of its affiliates, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with any credit cards (including, without limitation, commercial credit cards and purchasing cards).
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Credit Card Obligations means all obligations, liabilities, contingent reimbursement obligations, fees, and expenses owing by any of the Grantors to any of the Bank Agent or any of the Lenders or any of their Affiliates in respect of credit cards, credit card processing services or related credit, debit and purchase card products (excluding any Bank Products), irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, and including all such amounts that a Grantor is obligated to reimburse to the Bank Agent or any Lender as a result of the Bank Agent or such Lender purchasing participations or executing indemnities or reimbursement obligations with respect thereto.
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Related to Credit Card Obligations

  • Credit Card Issuer means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Xxxxx Xxxxxxx and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. or Discover Financial Services, Inc.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Credit Card Agreements means all agreements now or hereafter entered into by any Borrower or for the benefit of any Borrower, in each case with any Credit Card Issuer or any Credit Card Processor with respect to sales transactions involving credit card or debit card purchases, including, but not limited to, the agreements set forth on Schedule 5.21(b) hereto.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Credit Card Agreement means the open-end revolving credit agreement between a Cardholder and Bank governing the Account and Cardholder’s use of the Credit Card, together with any modifications or amendments which may be made to such agreement.

  • Banking Services Obligations means any and all obligations of the Borrower or any Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.

  • Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Loan Party’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

  • Bank Products Obligations of any Person means the obligations of such Person pursuant to any Bank Products Agreement.

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.

  • Permitted Swap Obligations means all obligations (contingent or otherwise) of any Borrower or any Restricted Subsidiary existing or arising under Swap Contracts, provided that such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities, commitments or assets held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person in conjunction with a securities repurchase program not otherwise prohibited hereunder, and not for purposes of speculation or taking a “market view”.

  • Banking Product Obligations means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of any treasury, depository and cash management services, netting services and automated clearing house transfers of funds services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith.

  • Swap Obligations means with respect to any Guarantor any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

  • Credit Card Advance Rate means 90%.

  • Program Obligations means (1) all applicable statutes and any regulations issued by the Secretary pursuant thereto that apply to the Project, including all amendments to such statutes and regulations, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and (2) all current requirements in HUD handbooks and guides, notices, and mortgagee letters that apply to the Project, and all future updates, changes and amendments thereto, as they become effective, except that changes subject to notice and comment rulemaking shall become effective only upon completion of the rulemaking process, and provided that such future updates, changes and amendments shall be applicable to the Project only to the extent that they interpret, clarify and implement terms in this Agreement rather than add or delete provisions from such document. Handbooks, guides, notices, and mortgagee letters are available on HUD's official website: (xxxx://xxx.xxx.xxx/offices/adm/hudclips/index.cfm or a successor location to that site)).

  • Secured Swap Obligations means all amounts and other obligations owing to any Secured Swap Party under any Secured Swap Agreement (other than Excluded Swap Obligations).

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Hedging Obligations means, with respect to any specified Person, the obligations of such Person under:

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

  • Bank Product Obligations means all obligations, liabilities, contingent reimbursement obligations, fees, and expenses owing by a Company to Agent or any Lender (or an affiliate of a Lender) pursuant to or evidenced by the Bank Product Agreements.

  • Credit Facility Obligations means all “Obligations” (or any other defined term having a similar purpose) as defined in the Credit Agreement.

  • Credit Card Notifications has the meaning provided in Section 6.13(a)(i).

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Cash Management Obligations means obligations owed by the Borrower or any Restricted Subsidiary to any Lender or any Affiliate of a Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds.

  • Credit Card Notification has the meaning assigned to such term in Section 5.11.