Certain Credits Clause Samples

The 'Certain Credits' clause defines how specific credits, such as financial credits, tax credits, or other forms of value, are to be recognized, allocated, or applied under the agreement. In practice, this clause may specify which party is entitled to claim or benefit from these credits, outline the process for applying them to payments or obligations, and clarify any limitations or conditions on their use. Its core function is to ensure clarity and prevent disputes by explicitly stating how such credits are handled between the parties.
Certain Credits. Neither Administrative Agent nor any Lender is obligated at any time to credit Borrower for any amounts due from any purchase of any Mortgage Collateral contemplated under Us agreement until Administrative Agent has actually received immediately available funds for that Mortgage Collateral in the amount required under Us agreement. Neither Administrative Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any purchaser in respect of any such purchase.
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Certain Credits. Neither Agent nor any Lender is obligated at any time to credit Borrower for any amounts due from any purchase of any Mortgage Collateral contemplated under this agreement until Agent has actually received immediately available funds for that Mortgage Collateral in the amount required under this agreement. Neither Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any purchaser in respect of any such purchase.
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Certain Credits. Buyer shall receive a credit against the Cash Payment at the Close of Escrow in the amount of (i) Twenty-Five Thousand Dollars ($25,000.00) to compensate Buyer for the cost of updating the closure/post-closure plan for the Landfill; and (ii) One Hundred Thousand Dollars ($100,000.00) to compensate Buyer for the cost of certain environmental mitigation improvements required at the Transfer Station Property, which will not be the responsibility of Seller after the Close of Escrow.
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Certain Credits. No Lender is obligated at any time to credit Associates for any amounts due from any investor for the purchase of any Mortgage Collateral contemplated under this agreement until Agent has actually received immediately available funds for that Mortgage Collateral in the amount required under this agreement, and neither Agent nor any Lender is obligated at any time to collect any amounts or otherwise enforce any obligations due from any investor in respect of any such purchase.
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Certain Credits. Mindscape shall be entitled to a credit against royalties otherwise becoming due hereunder in excess of the Threshold Amount for a Fiscal Year up to a maximum of $[ ] per Fiscal Year commencing in the [ ] year of the term hereof, up to an aggregate maximum of $[ ]. The "Threshold Amount" for a Fiscal Year is the aggregate minimum payments required by Section 3.3.2 and Exhibit C for that Fiscal Year for each Listed Product other than the Listed Product in the [ ] and [ ] categories (as such categories are described on Exhibit A); provided that if there is an Approved Product in either or both of such categories then the Threshold Amount shall also include the minimum payments required by Section 3.3.2 and Exhibit C for that Fiscal Year for either or both such categories.
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Certain Credits. Buyer shall receive a credit against the Cash Payment at the Close of Escrow in the amount of (i) Twenty-Five Thousand Dollars ($25,000.00) to compensate Buyer for the cost of updating the closure/post-closure plan for the Landfill; and (ii) One Hundred Thousand Dollars ($100,000.00) to compensate Buyer for the cost of certain environmental mitigation improvements required at the Transfer Station Property, which will not be the responsibility of Seller after the Close of Escrow.
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Related to Certain Credits

  • Certain Compensation Other than in connection with a Conversion of an Affected Loan, Borrower shall pay to Administrative Agent for the account of the applicable Bank, upon the request of such Bank through Administrative Agent which request includes a calculation of the amount(s) due, such amount or amounts as shall be sufficient (in the reasonable opinion of such Bank) to compensate it for any loss, cost or expense which such Bank reasonably determines is attributable to: (1) any payment or prepayment of a LIBOR Loan or Bid Rate Loan made by such Bank, or any Conversion of a LIBOR Loan (or conversion of the rate of interest on a Bid Rate Loan) made by such Bank, in any such case on a date other than the last day of an applicable Interest Period, whether by reason of acceleration or otherwise; (2) any failure by Borrower for any reason to Convert a LIBOR Loan or a Base Rate Loan or to Continue a LIBOR Loan, as the case may be, to be Converted or Continued by such Bank on the date specified therefor in the relevant notice under Section 2.14; (3) any failure by Borrower to borrow (or to qualify for a borrowing of) a LIBOR Loan or Bid Rate Loan which would otherwise be made hereunder on the date specified in the relevant Election notice under Section 2.14 or Bid Rate Quote acceptance under Section 2.02(e) given or submitted by Borrower; or (4) any failure by Borrower to prepay a LIBOR Loan or Bid Rate Loan on the date specified in a notice of prepayment. Without limiting the foregoing, such compensation shall include an amount equal to the present value (using as the discount rate an interest rate equal to the rate determined under (2) below) of the excess, if any, of (1) the amount of interest (less the Applicable Margin) which otherwise would have accrued on the principal amount so paid, prepaid, Converted or Continued (or not Converted, Continued or borrowed) for the period from the date of such payment, prepayment, Conversion or Continuation (or failure to Convert, Continue or borrow) to the last day of the then current applicable Interest Period (or, in the case of a failure to Convert, Continue or borrow, to the last day of the applicable Interest Period which would have commenced on the date specified therefor in the relevant notice) at the applicable rate of interest for the LIBOR Loan or Bid Rate Loan provided for herein, over (2) the amount of interest (as reasonably determined by such Bank) based upon the interest rate which such Bank would have bid in the London interbank market for Dollar deposits, for amounts comparable to such principal amount and maturities comparable to such period. A determination of any Bank as to the amounts payable pursuant to this Section shall be conclusive absent manifest error. The obligations of Borrower under this Section shall survive the repayment of all amounts due under or in connection with any of the Loan Documents and the termination of the Loan Commitments in respect of the period prior to such termination.

  • The Credits 2.1...... Commitments..................................................................................................................... 15

  • Change in Credit and Collection Policy At least thirty (30) days prior to the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice (A) indicating such change or amendment, and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables, requesting the Agent's consent thereto.

  • Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan). However, only the terminal paychecks (including unused vacation) of those employees who have reached the age of fifty-five (55) shall be placed into the Plan. These terminal paychecks shall be placed into the Plan on a pre-tax basis in accordance with the Plan, all applicable laws and all rules and regulations applicable to the Plan.

  • Discretionary Nature of Plan The Plan is discretionary and may be amended, cancelled or terminated by the Company at any time, in its discretion. The grant of the Option in this Agreement does not create any contractual right or other right to receive any Options or other Awards in the future. Future Awards, if any, will be at the sole discretion of the Company. Any amendment, modification, or termination of the Plan shall not constitute a change or impairment of the terms and conditions of the Participant’s employment with the Company.