Credit Product definition

Credit Product means a charge or credit card or program, an on-line, digital wallet or mobile credit or charge account, or other credit or charge device regardless of form and whether accessed online or offline or where the relevant account information is stored. For avoidance of doubt, this term does not include debit products with an incidental credit feature.

Credit Product means a mortgage; vehicle and asset finance; unsecured credit loans; credit facilities; and telecommunications services billed in arrears.

Credit Product means a financial product allowing You to borrow money from a Lender. This includes, but is not limited to Credit Cards, Store Cards, Loans and Car Finance.

Examples of Credit Product in a sentence

• Amounts distributed with respect to any Credit Product Obligations shall be the lesser of (i) the maximum Credit Product Obligations last reported to the Administrative Agent or (ii) the actual Credit Product Obligations as calculated by the methodology reported to the Administrative Agent for determining the amount due.

• The Administrative Agent shall have no obligation to calculate the amount to be distributed with respect to any Credit Product Obligations, and may request a reasonably detailed calculation of such amount from the applicable Credit Product Provider.

• Notwithstanding any other provision of this Article X to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Credit Product Obligations unless the Administrative Agent has received written notice of such Credit Product Obligations, together with such supporting documentation as the Administrative Agent may reasonably request, from the applicable Credit Product Provider.

• In connection with the termination of this Agreement and the release and termination of the security interests in the Collateral, the Administrative Agent may require such indemnities and collateral security as they shall reasonably deem necessary or appropriate to protect the Secured Parties against (x) loss on account of credits previously applied to the Obligations that may subsequently be reversed or revoked, and (y) any obligations that may thereafter arise with respect to Credit Product Obligations.

• No Non-Lender Credit Product Provider shall have any right or claim against any Loan Party under the Loan Documents other than as a Secured Party under the Security Instruments, nor shall any of them be a third party beneficiary of any provisions of this Agreement by which the Loan Parties are bound other than provisions relating to the granting of the Lien of the Administrative Agent on the Collateral and the application of proceeds thereof pursuant to Section 9.03.

More Definitions of Credit Product

Credit Product has the meaning given to it in Schedule 9.1.

Credit Product means an expression of creditworthiness by Fitch provided pursuant to a Fee Agreement regarding, without limitation, credit ratings, credit opinions, rating assessments, servicer ratings, fund asset manager ratings, gradings and scales, and any and all action, modifier, withdrawal or amendment with respect thereto.

Credit Product means the products as set out in the Schedule II to this Agreement;

Credit Product means a Credit Rating or other opinion with respect to creditworthiness as described in the Rating Definitions and to which the RPM applies, in current effect at any given time.

Credit Product means the product governed by the NCA, which includes the personal loan, credit card facility, overdraft facility, vehicle finance loan or any other credit products that we offer.

Credit Product means a Payment Credential linked to a Credit Account that is issued or provisioned in the Territory.

Credit Product means any Credit Product that is not specified as Point-in-time in the Fee Agreement or letter assigning the Credit Product; ES COPIA FIEL DEL ORIGINAL w w w .fitch ratin g x.xx m ^ ER C ED ^ S B. YP 0 RRE ♦^ltchiiatmgs ResoluciónN4 9 9 . 1 _ Un Producto de Crédito "Monitorizado" es cualquier Producto de Crédito no especificado como de Punto en el tiempo en el Acuerdo de Honorarios o en la carta de asignación del Producto de Crédito;