MasterCard Agreement definition
Examples of MasterCard Agreement in a sentence
The Obligations under the MasterCard Credit Facility shall become due and payable by the Borrower upon the earlier to occur of (i) the issuance by HSBC of a demand for payment of all Obligations of the Borrower under the MasterCard Credit Facility pursuant to the terms of the MasterCard Agreement; and (ii) the Acceleration Date.
HSBC shall not be obliged to make an advance under the MasterCard Credit Facility unless and until the Borrower enters into and delivers the MasterCard Agreement to HSBC.
The Borrower may receive advances under the MasterCard Credit Facility by way of debits through the use of corporate cards issued by HSBC to officers and employees of the Borrower upon the completion of a MasterCard Agreement and all other necessary documentation reasonably required by HSBC.
Until such time, the Obligations under the MasterCard Credit Facility shall be payable by the Borrower monthly in accordance with the terms of the MasterCard Agreement made between the Borrower and HSBC (the "MasterCard Agreement").
The amount reflected in this schedule represents allocations from August 1998 (the projected start of the merged entity) through October 1998 (the end of the existing MasterCard Agreement), (i.e., $[*] - $[*] = $[*] / [*] = $[*] / [*] * [*] = [*]).
The Borrower shall pay to HSBC in respect of the MasterCard Credit Facility the fees required to be paid by it as set out in the MasterCard Agreement.
Business related credit card transactions through the use of the credit card in accordance with the terms and conditions set out in the Maybank Business Platinum MasterCard Agreement.
SKIP PAYMENT OPTION: We may designate a billing period in which you will have an option to skip a payment or pay less than the Minimum Payment Due, if you exercise this option, FINANCE CHARGES will accrue based on your “Average Daily Balance” as described in the FFCU MasterCard Agreement and Disclosure Statement.
Subject to the terms and conditions hereof, the Revolving Credit may be availed by the Borrower by way of Extensions of Credit pursuant to the MasterCard Agreement, provided that the maximum amount outstanding under the MasterCard Agreement shall not at any time exceed two hundred thousand Canadian Dollars (Cdn.$200,000).
The outstanding amount of all MasterCard Advances, including accrued and unpaid interest thereon, shall mature and become due and payable in full by the Borrowers on the earlier of (a) the date specified in the MasterCard Agreement, and (b) the Maturity Date.