FASA Credits definition

FASA Credits means the Delta FASA Credits and the Northwest FASA Credits, as defined in the Delta FASA and the Northwest FASA, respectively.
Sample 1Sample 2Sample 3
FASA Credits means the Delta FASA Credit and the Northwest FASA Credit.
Sample 1Sample 2
FASA Credits means the Delta FASA Credit and the Northwest FASA Credit, in each case, as defined in the applicable Founder Airline Services Agreement.
Sample 1

Examples of FASA Credits in a sentence

  • Except as otherwise expressly provided in subsections (1), (2) and (3) of this Section 4.4(b), neither Worldspan nor TTPC shall be permitted to recoup or otherwise set off any amounts owing to either Worldspan or TTPC or any of their Affiliates against Worldspan’s or TTPC’s obligation to provide Delta FASA Credits under Section 4.4(a) hereof, to pay any FASA Cash Payment or any FASA Credit Excess Amount under Section 4.4(a) hereof or to pay the Delta Continuing Payment under Section 4.4(d) hereof.

  • Notwithstanding anything to the contrary contained herein, if the sum of (A) the Recoupment Amount, if any, applicable to a Delta FASA Credit, (B) the Delta Indemnity Claim Amount, if any, applicable to such Delta FASA Credit and (C) the Delta FASA Claim Amount, if any, applicable to such Delta FASA Credit exceeds the amount of such Delta FASA Credit, then such excess shall be applied against future Delta FASA Credits, if any, but only to the extent expressly permitted pursuant to Section 4.4(b) hereof.

  • If a Delta Continuing Payment Termination or a Worldspan Bankruptcy Delta FASA Rejection occurs, Worldspan will no longer be required to provide the monthly Delta FASA Credits to Delta.

  • It is expressly acknowledged and agreed that the provision of Northwest FASA Credits under Section 4.4 of this Agreement is a critical component of this Agreement and that undue prejudice to each party’s bargain would ensue if the provisions of Section 4.4 hereof were not performed by the other party hereto.

  • The provision of Delta FASA Credits or payment of cash in lieu thereof is subject to the terms of the Delta Subordination Agreement.

  • If a Northwest Continuing Payment Termination or a Worldspan Bankruptcy Northwest FASA Rejection occurs, Worldspan will no longer be required to provide the monthly Northwest FASA Credits to Northwest.

  • Except as otherwise expressly provided in subsections (1), (2) and (3) of this Section 4.4(b), neither Worldspan nor TTPC shall be permitted to recoup or otherwise set off any amounts owing to either Worldspan or TTPC or any of their Affiliates against Worldspan’s or TTPC’s obligation to provide Northwest FASA Credits under Section 4.4(a) hereof, to pay any FASA Cash Payment or any FASA Credit Excess Amount under Section 4.4(a) hereof or to pay the Northwest Continuing Payment under Section 4.4(d) hereof.

  • The provision of Northwest FASA Credits or payment of cash in lieu thereof is subject to the terms of the Northwest Subordination Agreement.

  • It is expressly acknowledged and agreed that the provision of Delta FASA Credits under Section 4.4 of this Agreement is a critical component of this Agreement and that undue prejudice to each party’s bargain would ensue if the provisions of Section 4.4 hereof were not performed by the other party hereto.

Related to FASA Credits

  • 9% Credits means Federal Credit allocated on a competitive basis under the provisions of this Plan.

  • 4% Credits means Federal Credit available to Bond Financed Projects which meet the requirements of this Plan.

  • Credits means the Federal and State Housing Tax Credit program.

  • Employer Credits means the amounts credited to the Participant’s Deferred Compensation Account by the Employer pursuant to the provisions of Section 4.2.

  • Service Credits means the service credits payable to the Purchaser by the Service Provider in the event that the Service Levels are not met and identified as service credits in the Pricing Schedule.

  • Tax Credits means any state, local and/or federal production tax credit, tax deduction, and/or investment tax credit specific to the production of renewable energy and/or investments in renewable energy facilities.

  • Emission Reduction Credits or “ERC(s)” means emission reductions that have been authorized by a local air pollution control district pursuant to California Division 26 Air Resources; Health and Safety Code Sections 40709 and 40709.5, whereby such district has established a system by which all reductions in the emission of air contaminants that are to be used to offset certain future increases in the emission of air contaminants shall be banked prior to use to offset future increases in emissions.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • Credit Account is modified to read “Grant Account”.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

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

  • Card Account means the account maintained with the Bank in respect of the card;

  • Private label credit card means any charge card, credit card, or other instrument serving a similar purpose that carries, refers to, or is branded with the name or logo of a vendor and that can only be used for purchases from the vendor.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Federal credit means the Low Income Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Eligible Unbilled Accounts means Accounts of the Obligors that does not qualify as an Eligible Account solely because (a) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or (b) the services giving rise to such Account have not been performed and billed to the Account Debtor and, in either case, so long as such Accounts have not been unbilled for more than thirty (30) days. For the avoidance of doubt, at such time as an Account is billed to the Account Debtor it shall no longer be an “Eligible Unbilled Account”.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Open-end credit means credit extended by a creditor under an agreement in which:

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Merchant Account means the merchant account facility agreed between you and the Merchant Acquiring Bank.