Technical Credit definition

Technical Credit means (a) a good faith decision by Licensee to credit a Subscriber or refund a payment to a Subscriber in connection with an authorized Subscriber Transaction where the applicable Included Program was not properly viewable by the Subscriber as the result of a substantiated technical failure of a part of the Licensed Service, weather or some other cause outside of the such Subscriber’s control or (b) an authorized Subscriber Transaction for which Licensee does not bill the Subscriber within twenty-four (24) months of the occurrence of such Subscriber Transaction solely due to causes outside of Licensee’s control (e.g., Subscriber terminated his subscription to the Licensed Service or disconnected his Target Device from the Licensed Service immediately after completing the Subscriber Transaction and before such Subscriber Transaction was processed for billing). For clarity, documentation with respect to Technical Credits shall be subject to audit by Licensor as part of its audit of rights hereunder.
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Examples of Technical Credit in a sentence

  • Amazon shall not issue Technical Credits in any circumstances where Digital Locker Functionality used in compliance with this Agreement would enable the applicable customer to re-download the applicable Included Program without the need to issue a Technical Credit.

Related to Technical Credit

  • 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;

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;

  • Dual credit means the system under which an eligible high school student enrolls in college course(s) and receives credit for the course(s) from both the college and high school.

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

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Security Credentials means the personalised security features we require you to use now or in future to

  • account information service means an online service to provide consolidated information on one or more payment accounts held by the payment service user with either another payment service provider or with more than one payment service provider;

  • Access Credentials means any username, identification number, password, license or security key, security token, PIN or other security code, method, technology or device used, alone or in combination, to verify an individual’s identity and authorization to access and use Hosted Services.

  • Commercial Letter of Credit means any Letter of Credit issued for the purpose of providing the primary payment mechanism in connection with the purchase of any materials, goods or services by a Loan Party in the ordinary course of business of such Loan Party.

  • Account Information Service Provider means a payment service provider pursuing business activities as referred to in point (8) of Annex I;

  • Supporting Letter of Credit has the meaning specified in Section 2.3(g).

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • Login Credentials means any passwords, authentication keys, or security credentials that enable Customer’s access, management to the Service Offering, or both.

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.