Credit feature definition

Credit feature means a separate credit account or a credit subaccount of a prepaid account through which credit can be extended in connection with a prepaid card, or a negative bal- ance on an asset feature of a prepaid account through which credit can be extended in connection with a prepaid card.
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Examples of Credit feature in a sentence

  • Participation in the Participant Compensation Deferral Credit feature of the Plan is voluntary.

  • Participation in the Employer Contribution Credit feature of the Plan is automatic for all Participants.

  • ACCEPTING AUTHORITY shall have full power and authority to supply to the Contractor from time to time through his representative, during the progress of the works such further drawings and instructions as shall be necessary for the purpose of proper and adequate execution and maintenance of the works and the Contractor shall carry out and be bound by the same.

  • Participation in the Employer Contribution Credit feature of the Plan is available solely to Eligible Individuals who are employees of the Employer.

  • Some companies are beginning to see positive Aboriginal relations as potential competitive advantages, and are strategically positioning themselves as ‘preferred partners’ in the long-term.

  • If Employer Contribution Credits are made in accordance with Section 3.1, participation in the Employer Contribution Credit feature of the Plan is automatic for such Eligible Individuals.2.2 RE-EMPLOYMENT, ETC.

  • In order to participate in the Participant Compensation Deferral Credit feature of the Plan, an Employee must make written application in such manner as may be required by Section 3.2 and by the Employer, and must agree to make Compensation Deferral Credits as provided in Article III.

  • Unless the Plan is terminated by the Company prior to the following, the crediting of the 20% Bonus Credit feature of this Plan with respect to Company common stock will automatically cease on January 1, 2011 with respect to Director’s Fees earned for services performed during any calendar years that commence on or after January 1, 2011 and that otherwise would have been payable later than December 31, 2010, or earlier if the maximum share reserve of 500,000 shares of Company common stock is reached.

  • This process, therefore, forms a Service- oriented Architecture (SOA) for web service technology [20].

  • If your checking account is associated with an overdraft Line of Credit feature, then the Truth in Lending Regulation (Regulation Z) also applies.

Related to Credit feature

  • Letter of Credit Fee Rate means, with respect to a Letter of Credit, the annual percentage per annum indicated below the reference to “Letters of Credit” in the definition of “Applicable Margin” relevant to the period in respect of which determination is being made, as adjusted pursuant to the definition of “Applicable Margin”.

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • Facility Fee Rate means a rate per annum determined in accordance with the Pricing Schedule.

  • Letter of Credit Fee has the meaning specified in Section 2.03(h).

  • Letter of Credit Fees shall have the meaning set forth in Section 3.2.

  • Commitment Fee Rate has the meaning set forth in the definition of “Applicable Margin”.

  • Undrawn Fee Rate has the meaning set forth in the Fee Letter.

  • L/C Fee Rate means the Applicable Margin with respect to LIBOR Rate Loans.

  • Program Fee Rate is defined in the Fee Letter.

  • Fee Rate means initially 0.25% per annum, which shall be subject to increase by 0.25% per annum for each Week in respect of which any Failure has occurred and is continuing.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Facility Fee Percentage means, as of any date, the percentage set forth in the column headed “Facility Fee Percentage” in Section 2.3 that is in effect on such date.

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Unused Fee Rate means 0.50% per annum.

  • Applicable Facility Fee Rate means, at any time, the percentage rate per annum at which Facility Fees are accruing on the Aggregate Commitment at such time as set forth in the Pricing Schedule.

  • LIBOR Margin has the meaning given that term in Section 2.2.(c)(ii)(D).

  • Applicable LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Applicable Margin means, with respect to Advances of any Type at any time, the percentage rate per annum which is applicable at such time with respect to Advances of such Type as set forth in the Pricing Schedule.

  • Utilization Fee Rate means the percentage set forth in Schedule 1 hereto beside the then applicable Level.

  • Applicable Letter of Credit Fee Rate shall mean the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.” Applicable Margin shall mean, as applicable:

  • Facility Letter of Credit Fee is defined in Section 2A.8.

  • Floating Rate Margin means 7.50 per cent. per annum.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.

  • Applicable LIBOR Rate Margin means the following per annum percentages, applicable in the following situations:

  • Base Rate Margin has the meaning set forth in the definition of Applicable Margin.