Internal Credit definition

Internal Credit means any reduction of the Outstanding Balance of any Qualified LEC Receivable granted by a Seller for any reason whatsoever, including, without limitation, a customer dispute or billing error or discrepancy relating to such Qualified LEC Receivable, whether such reduction shall be effected by the granting of credit against such Receivable or by the issuance of a check or other payment in respect of (and as payment for) such reduction. "Investor Allocable Post-Termination Date LEC True-Up Reimbursement Obligations" means, with respect to any Post-
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Examples of Internal Credit in a sentence

  • Further, except following an Event of Default, as provided for herein, and notwithstanding the giving of a Notice of Intent to Discontinue Advances, Secured Party shall not discontinue advances to the extent of its existing Internal Credit Limit, for a period of 120 days from the date of its Notice of Intent to Discontinue Advances.

  • The rating models have been internally tested, validated and checked for compliance with SBP guidelines for Internal Credit Rating System.

  • Internal Credit Risk Rating System developed by the Company is capable of quantifying credit risk pertinent to specific counterparty as well as the risk inherent in the facility structure.

  • If senior unsecured debt ratings are not available, PJM may consider other ratings, including issuer ratings, corporate ratings and/or an implied rating based on an internally derived Internal Credit Score pursuant to section II.A.3 below.

  • The external rating from a Rating Agency will be used as the source for calculating the Unsecured Credit Allowance, unless no external credit rating is available in which case PJM will utilize its Internal Credit Score for such purposes.

  • Participants acknowledge and understand that the deliveries constitute representations upon which PJM will rely in allowing the Participant to continue to participate in its markets, with the Internal Credit Score and Unsecured Credit Allowance, if any, previously determined by PJM.

  • The parties expect that this Internal Credit Line shall be an interim arrangement only and shall be replaced by other provisions to be established to meet the working capital needs of the Surviving Corporation after such integration is completed.

  • At Closing, the Internal Credit Line shall be funded by a deposit of an amount equal to the face amount of such line (determined as provided above) into a bank account established for the Surviving Corporation.

  • PJM will determine a Participant’s Unsecured Credit Allowance based on its external rating or its Internal Credit Score, as applicable, and the parameters in the table below.

  • As part of its ongoing risk evaluation, PJM will use credit risk scoring methodologies as a tool in determining an Internal Credit Score for each Market Participant and/or Guarantor, utilizing the same model and framework outlined in section II.A.3 above.

Related to Internal Credit

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • operational creditor means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • 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;

  • 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.