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.
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.
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.
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.
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.
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.