Credit Payment definition

Credit Payment means, with respect to any Collection Period, an amount equal to the reduction in the amount owed by an Obligor under a Receivable due to the application of any Credits to such Obligor’s account that would have otherwise constituted Collections during such Collection Period.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Credit Payment means an order for the payment o f money issued by the Government under this Part to pay a recurring payment. A credit payment may be contained on (1) a letter, memorandum, telegram, computer print out or similar writing, or (2) any form of communication other than voice, which is registered upon magnetic tape, disc or any other medium designed to capture and contain in durable form conventional signals used for the electronic communication of messages.

Credit Payment means an operation used in a PAYG form of payment which is to be performed by the Interested party according to the Provider's instructions (usually published on the VNET Website) before signing the Contract; such operation allows the Interested party to buy or start utilize the Service by paying the Provider relevant amount. Credit Payment shall be in a PAYG form of payment a necessary condition for installation and start of provision of the Service and shall be deemed as payment of Remuneration.

Examples of Credit Payment in a sentence

Credit, Payment and Collection: Your bill will be based on monthly meter readings provided to XOOM by your local utility.
If you Credit, Payment and Collection:Your bill will be based on monthly meter readings provided to XOOM by your local utility.
Upon payment via ▇▇▇▇▇▇, the Purchaser shall immediately forward the ▇▇▇▇▇▇ Credit Payment Advice with the details above to the Assignee or to the Solicitors for the Assignee.
For purposes of this Agreement, “Partial Credit Payment” means any payment, distribution or benefit that is not a Full Credit Payment.
If you cancel this Agreement early, you will be responsible for paying a cost recovery fee (“Cost Recovery Fee”) of $75 which is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electricity to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related Credit, Payment and Collection: Your bill will be based on monthly meter readings provided to XOOM by your local utility.
Upon receipt from the beneficiary of any Letter of Credit of any demand for payment under such Letter of Credit, the applicable Issuer shall notify the Administrative Agent and the Administrative Agent shall promptly notify the Borrower and each Lender of the amount to be paid by such Issuer as a result of such demand and the proposed payment date (the “Letter of Credit Payment Date”).
No Lender’s obligation to participate in any Letter of Credit or to make available to the applicable Facing Agent such Revolving Lender’s Pro Rata Share of any Letter of Credit Payment made by the applicable Facing Agent shall be affected by any other Revolving Lender’s failure to participate in the same or any other Letter of Credit or by any other Revolving Lender’s failure to make available to the applicable Facing Agent such other Lender’s Pro Rata Share of any Letter of Credit Payment.
Credit, Payment and Collection: You will receive a single bill for both your electricity and the delivery of such electricity from your local utility distribution company.
Credit, Payment and Collection:Your bill will be based on monthly meter readings provided to XOOM by your EDC.
If you cancel this Agreement early, you will be responsible for paying a cost recovery fee (“Cost Recovery Fee”) which Credit, Payment and Collection:Your bill will be based on monthly meter readings provided to XOOM by your local utility.

More Definitions of Credit Payment

Credit Payment means payment for services rendered during the previous month, according to a VAT invoice submitted by the Company.

Credit Payment means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar ($1.00) reduces the amount of a “parachute payment” (as defined in Section 280G(b)(2) of the Code, without regard to Section 280G(b)(2)(A)(ii) of the Code) by one dollar ($1.00). “Partial Credit Payment” means a payment, distribution or benefit, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, that if reduced in value by one dollar ($1.00) reduces the amount of a parachute payment by an amount that is less than one dollar ($1.00). For clarification purposes only, a “Partial Credit Payment” would include a stock option as to which vesting is accelerated upon an event that triggers the reduction, where the in the money value of the option exceeds the value of the option acceleration that is added to the parachute payment.”