Refund Credit definition

Refund Credit means any of the (a) Change Order Credit and (b) Removed Project Credit.
Refund Credit. The insured will receive a refund credit of the finance charge if the account is voluntarily prepaid in full prior to the last installment due date. The refund shall be computed according to the Rule of 78s. However, for Texas insureds if prepayment in full occurs before the first installment due date, Afco may only keep a finance charge computed according to the following formula: Number of days from inception of the policy to prepayment in full multiplied by one month's interest computed according to the Rule of 78s divided by 30. If the refund credit is less than $1 no refund shall be made. Louisiana insureds are subject to a nonrefundable charge of $10.

Examples of Refund Credit in a sentence

  • Refund /Credit, if any obtained shall be passed on to the buyer which shall be certified by the auditor of the supplier (at the time of billing).

  • The resulting Refund Credit shall be subtracted from the Purchased Gas Adjustment (if such adjustment produces an increase) or added to such adjustment (if such adjustment produces as decrease) or added to such after receipt of such Suppliers’ Refund.

  • The Refund Credit shall be equitably apportioned between firm gas sales and optional gas sales as directed by the Georgia Public Service Commission and shall be calculated to the nearest 1/100 per CCF.

  • Refund/ Credit, if any, obtained shall be passed on to the buyer which shall be certified by the auditor of the supplier.In case of imported stores other than direct import by CCL, the firm shall give a confirmation along with their offer that a certificate from their auditor certifying that they have paid customs duty as per prevailing customs rates and refund if any shall be passed on to buyer, shall be submitted along with supplies/ bills.

  • If the total of such Refund Credits thus applied to customers’ bills differs from the amount of the Supplier’s Refund, the difference shall be subtracted from or added to the refund amounts set forth above (according to whether such total exceeds or is less than the Suppliers’ Refund) when the next ensuing Refund Credit is computed under this Rider.

  • Refund /Credit, if any obtained shall be passed on to the buyer which shall be certified by the auditor of the supplier at the time of billing.The legally applicable rate of Excise Duty should be clearly mentioned in the Techno- Commercial bid (Cover-I).

  • If the total of such Refund Credits thus applied to customers’ bills differs from the amount of the Supplier’s Refund, the difference shall be subtracted from or added to the refund amounts set forth above (according to whether such total exceeds or is less than the Suppliers’ Refund) when the next ensuing Refund Credit is computed under this Rider.IV.

  • Refund/ Credit, if any, obtained shall be passed on to the buyer which shall be certified by the auditor of the supplier.

  • In the Matter of the Lane County Potential Refund Credit Report November 2017.

  • The Training Manager may at anytime override the above Refund, Credit or Cancellation procedure where: 1.

Related to Refund Credit

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

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

  • Input Tax Credit means the credit of input tax;

  • Closed-end credit means a credit transaction that does not meet the definition of open-end credit.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

  • Credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment.

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • Yield Supplement Withdrawal Amount means, with respect to any Collection Period and the related Deposit Date, the lesser of (a) the amount on deposit in the Yield Supplement Account and (b) the sum of (i) the Yield Supplement Amount and (ii) after giving effect to the withdrawal of the Yield Supplement Amount, the amount by which the amount on deposit in the Yield Supplement Account exceeds the Maximum Yield Supplement Amount.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • QFC Credit Support has the meaning specified in Section 11.21.

  • 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.

  • Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a contract in which the contractor met or exceeded his or her goals for the utilization of BEPDs in the performance of the contract.

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

  • Refund Guarantor has the meaning given in Article 8, Clause 2.3;

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Loan repayment means the cancellation and repayment of loans

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Five-Year Credit Agreement means the Five-Year Credit Agreement, dated as of July 16, 2004, among the Borrower and certain of its affiliates, as borrowers, the lenders named therein, and Bank One NA, as administrative agent, as amended, supplemented or refinanced from time to time.

  • Company Credit Agreement means the Amended and Restated Credit Agreement, dated as of September 30, 2016, as amended from time to time, among the Company, the guarantors named therein, the lenders named therein, and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, and all pledge, security, guaranty and other agreements and documents related thereto.

  • 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.

  • Facility Production Limit means the production limit placed on the main product(s) or raw materials used by the Facility that represents the design capacity of the Facility and assists in the definition of the operations approved by the Director.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Bank Credit Agreement means the Credit Agreement dated as of May 9, 2005 by and among the Company, certain Subsidiaries of the Company named therein, the Administrative Agent, and the Bank Lenders and other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.