IBM Credit as defined in the caption.

IBM Credit as defined in the preamble hereto.

IBM Credit has earned stock representing a four percent (4%) ownership interest in Pulsar (the "IBM Credit Interest") on a fully diluted basis. At the option Xxxxxxx X. Xxxxx Xx. in lieu of a distribution of such Pulsar stock to IBM Credit, Pulsar shall pay to IBM Credit the lesser of (i) four percent (4%) of the sale price upon the sale of all or substantially all of Pulsar's asset; or (ii) $650,000.00 or (iii) a pro-rata share of $650,000.00 upon sale of less than all or substantially all of Pulsar's assets. For the purpose of example only should Pulsar sell twenty-five percent (25%) of its assets, pursuant to provision (iii) above, Pulsar would pay IBM Credit $162,500.00, it being an amount equal to twenty-five percent of $650,000.00."

Examples of IBM Credit in a sentence

All sums paid by IBM Credit in performing in satisfaction or on account of the foregoing and any expenses, including reasonable attorney's fees, court costs, and other charges relating thereto, shall be a part of the Obligations, payable on demand and secured by the Collateral.
No delay or omission of IBM Credit to exercise any right or remedy hereunder, whether before or after the occurrence of any Event of Default, shall impair any such right or remedy or shall operate as a waiver thereof or as a waiver of any such Event of Default.
IBM Credit may at any time adjust such statements of transaction or billing statements to comply with applicable law and this Agreement.
Upon the occurrence and during the continuance of an Event of Default which has not been waived by IBM Credit in writing, IBM Credit may conduct any of the foregoing activities in any manner that IBM Credit deems reasonably necessary.
In addition, all Policies so maintained are to name IBM Credit as an additional insured as its interest may appear.

More Definitions of IBM Credit

IBM Credit s consent to the amendment set forth in Section 2 A of this Amendment shall immediately cease upon the occurrence of an Event of Default and all obligations of Pulsar to IBM Credit under the IWCF, the Agreement and otherwise shall, without notice or demand, become immediately due and payable.

IBM Credit is defined in Recital A.

IBM Credit means IBM Credit Corporation, a Delaware corporation, with a place of business at 0000 Xxxxxxxxx Xxxxxxx, Xxxxx Xxxxx, Xxx Xxxxx, Xxxxxxxxxx 00000.

IBM Credit is pleased to offer CompuCom Systems, Inc. ("CompuCom") as an extension of the terms of the Agreement for the period specified below.

IBM Credit is defined in Recital A. "Indemnified Trustee Person(s)" is defined in Section 6.06.