Monthly Credit definition

Monthly Credit shall have the meaning provided in Section 9.1(l).

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Monthly Credit means the monthly average of the [**] associated solely with the Significant Line(s) of Business to which the Cessation relates during the twelve full calendar months immediately preceding the month in which the Cessation occurred; (B) a “Significant Line of Business” shall mean any of the lines of business described on Schedule 1.6(e); and (C) a “Change Of Control” shall mean any of the following: (I) any liquidation, dissolution or winding up of CBIZ; (II) any sale, lease or other disposition of CBIZ of all or substantially all of its assets; (III) any merger, consolidation, share exchange, reorganization or other similar transaction or series of transactions in which the beneficial owners of CBIZ’s capital stock immediately prior to such event cease to beneficially own a majority of the voting power in the resulting entity immediately after such event; and/or (IV) any purchase or purchases by any Person or Persons of shares of capital stock of CBIZ (either through a negotiated stock purchase or a tender for such shares), the effect of which is that the beneficial owners of CBIZ’s capital stock immediately prior to such event cease to beneficially own a majority of the voting power in the resulting entity immediately after such event. [**] denotes confidential treatment has been requested for the bracketed portion. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission.

Monthly Credit means the “Rent Credit” prorated monthly in zero (0) equal installments.

Examples of Monthly Credit in a sentence

• For each FTR, for each month, ”FTR Monthly Credit Requirement Contribution” shall mean the total FTR cost for the month, prorated on a daily basis, less the FTR Historical Value for the month.

• FTR Monthly Credit Requirement Contribution - For each FTR for each month, this is the total FTR cost for the month, prorated on a daily basis, less the FTR Historical Value for the month.

• Annual Team Registration Fee, due May 31 of each year Team Practice Fee (Tuition), due the 1st of each month ($5 late fee if paid after the 7th) Payments may be made with Check, Visa, Mastercard, Monthly or Monthly Credit Card debits (see receptionist for auto debit information).

• The Scheduled Monthly Loan Payment for each Consolidated Loan equals (1) the monthly installment amount which will fully amortize the Loan Amount and the Credit Enhancement Amount of such Consolidated Loan (including the applicable interest on such amounts) over the period from the next calendar month following the Consolidation Date (the "INITIAL PAYMENT DATE") through the applicable Stated Maturity Date LESS (2) the Scheduled Monthly Credit Enhancement Obligation Payment for such Consolidated Loan.

• As more fully specified herein, the Borrower hereby irrevocably and unconditionally guarantees and promises to pay to the Lender (the "GUARANTEE") an amount up to the Aggregate Credit Enhancement Amount PLUS the aggregate Scheduled Monthly Credit Enhancement Obligation Payments for the payment of Program Loan Deficiencies.

• If you do not repay the loan by the Final Repayment Date, the Monthly Credit fee continues to be payable on the monthly anniversary of the Loan Date until your loan is repaid in full All fees are not refundable.

• The CSR’s will be the focal point of Quarterly Portfolio Reviews, Monthly Credit Updates and Watchlist Meetings.

• Notwithstanding the foregoing, any payment (excluding prepayments) made under this Credit Enhancement Note which is less than (A) the aggregate of (1) the Scheduled Monthly Loan Payment on each Consolidated Loan and (2) the Scheduled Monthly Credit Enhancement Obligation Payment on each Consolidated Loan MINUS (B) the allocated Monthly Enhancement Rebate, if any, shall be applied ratably among the Loans, in accordance with their respective Ratable Shares.

• On the date hereof (the "CONSOLIDATION DATE"), the Borrower shall pay the Lender the Scheduled Monthly Credit Enhancement Obligation Payment for each Consolidated Loan.

• Further Monthly Credit Fees accrue to your account on the monthly anniversary of your Loan Date.

More Definitions of Monthly Credit

Monthly Credit means for each Month the product obtained by multiplying (a) the aggregate amount, if any, by which the quantity of Production Payment Hydrocarbons actually received by, or sold on behalf of, Royalty Owner during such Month (with Gas calculated in MMBtu and Oil calculated in MMBtu Equivalents) exceeds the Scheduled Quantity for such Month, times (b) the Field Price of Gas for such Month.

Monthly Credit means for each Month the product obtained by multiplying (a) the aggregate amount, if any, by which the quantity of Production Payment Hydrocarbons actually received by, or sold on behalf of, Royalty Owner during such Month exceeds the Scheduled Quantity for such Month, times (b) the Field Price of Oil for such Month.

Monthly Credit means the sum of Thirty Five Thousand U.S. Dollars ($________) per month during the Term, which shall be deducted from Customer's obligation to pay the Monthly Payment on each Monthly Payment Date in accordance with Article 10(A) below.