Credit Ledger definition
Credit Ledger means the document that tracks the Sale or Pre-Transfer Sale of Advance Credits as described in Exhibit C.
Credit Ledger means the transaction record pursuant to Seller’s Permit, regulated by the FDEP, of credits that have been released by this agency to the Bank for sale, and of credits that can be withdrawn from the Bank for transfer to a purchaser.
Credit Ledger means the ledger established and maintained by the Computation Agent in respect of the Cash Reserve Account pursuant to the Agency and Accounts Agreement which will be used by the Computation Agent to allocate monies from time to time standing to the credit of the Cash Reserve Account;
Examples of Credit Ledger in a sentence
As a courtesy, Seller shall promptly notify Purchaser in writing upon confirmation that the credit withdrawal and transfer has been reflected in the Credit Ledger.
Upon ▇▇▇▇▇▇’s receipt of confirmation that the credit withdrawal and transfer has been approved, and is reflected in the Credit Ledger, Seller shall assume the responsibility for fulfilling the mitigation requirements of Purchaser’s Permit that is associated with the use of Credits from the Bank.
This delivery shall be accompanied by a written request that Seller apply to the FDEP that the reserved Credits be withdrawn from Seller’s Credit Ledger and transferred to Purchaser.