Consumer Financing Sample Clauses

Consumer Financing. Washington Gas offers financing for consumers to purchase natural gas appliances and other energy-related equipment. This Management’s Discussion and Analysis of Financial Condition and Results of Operations describes the company’s financial condition, results of operations and cash flows with specific information on liquidity and capital resources. It also includes management’s interpretation of the company’s past financial results, potential factors that may affect future results, potential risks in the years ahead and approaches used to address these potential risks. RESULTS OF OPERATIONS Net income applicable to common stock was $83.3 million, $67.4 million and $67.3 million for the fiscal years ended September 30, 2000, 1999 and 1998, respectively. The company earned 11.9 percent, 10.4 percent and 11.2 percent, respectively, on average common equity during these three fiscal years. Basic and diluted earnings per average common share were $1.79, $1.47 and $1.54 for fiscal years 2000, 1999 and 1998, respectively. A November 1998 public sale of common stock increased the number of shares outstanding, which reduced the earnings per average common share by $0.02 and $0.07 in fiscal years 2000 and 1999, respectively, from the prior years’ results. Other factors that affected the company’s earnings included: Winter Weather. During each of the last three fiscal years, winter weather that was approximately five percent warmer than normal suppressed the company’s earnings. If normal weather conditions had occurred, Washington Gas estimates that its earnings per average common share during fiscal year 2000 would have been approximately $0.20 higher.
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Consumer Financing. The overwhelming majority of Washington Gas' consolidated assets were devoted to, and revenues were derived from, the regulated utility and the retail energy marketing segments. Going forward, WGL Holdings expects this to continue. However, it does plan to increase the significance of the other segments. Each segment is described below:
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Consumer Financing. This business segment offers financing for residential and small commercial customers to purchase gas appliances and other energy-related equipment. The consumer financing segment sells, with recourse, receivables that result from these financing arrangements to financial institutions. Revenues from the consumer financing segment decreased 21.6 percent in fiscal year 2000 and net income from this segment dropped from $1.7 million in fiscal year 1999 to $0.8 million in fiscal year 2000. These decreases were attributable to a lower volume of contracts sold by the company to banks, in addition to an increase in interest rates charged by those banks compared to last year. A strengthening of the company’s credit criteria, fewer programs offering interest deferrals, as well as a warmer-than-normal winter and a cooler-than-normal summer (which reduced demand for HVAC products financed by the company) lowered the volume of contracts sold. Revenues from this segment rose 17.9 percent in fiscal year 1999 and net income increased from $1.3 million in fiscal year 1998 to
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Consumer Financing. Washington Gas has offered financing for customers to purchase natural gas appliances and other energy- related equipment. During the fiscal years ending September 30, 2000, 1999 and 1998, the consumer financing segment produced operating revenues of $3 million, $4 million and $3 million, respectively, or less than 1 percent of the Company's total operating revenues during each of these three years. Additional financial information about these reported industry segments for fiscal years 2000, 1999 and 1998, is reported in Note 15- Operating Segment Reporting in the Notes to the Consolidated Financial Statements of the Company's 2000 Annual Report to Shareholders, which is incorporated by reference into this report.
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Consumer Financing. This business segment offers financing for residential and small commercial customers to purchase gas appliances and other energy-related equipment. The consumer financing segment sells, with recourse, receivables that result from these financing arrangements to financial institutions. Revenues from the consumer financing segment decreased 21.6 percent in fiscal year 2000 and net income from this segment dropped from $1.7 million in fiscal year 1999 to $0.8 million in fiscal year 2000. These decreases were attributable to a lower volume of contracts sold by the company to banks, in addition to an increase in interest rates charged by those banks compared to last year. A strengthening of the company’s credit criteria, fewer programs offering interest deferrals, as well as a warmer-than-normal winter and a cooler-than-normal summer (which reduced demand for HVAC products financed by the company) lowered the volume of contracts sold. Revenues from this segment rose 17.9 percent in fiscal year 1999 and net income increased from $1.3 million in fiscal year 1998 to $1.7 million in fiscal year 1999, primarily because of an increase in the volume of contracts sold during fiscal year 1999. Interest Expense Total interest expense increased by $6.8 million or 18.3 percent in fiscal year 2000 and decreased by $0.7 million or 2.0 percent in fiscal year 1999. The following table shows the components of the changes in interest expense between years. COMPOSITION OF INTEREST EXPENSE CHANGES Increase/(Decrease) from Prior Year (Millions) 2000 1999 Long-Term Debt $ 1.4 $ 0.9 Short-Term Debt 4.8 (0.8) Other 0.6 (0.8) Total $ 6.8 $ (0.7)
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Consumer Financing 
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Related to Consumer Financing

  • Consumer Leases No Receivable constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667.

  • Consumer Rights Care has been taken to use plain language and to give clear explanations in these terms and conditions. If any words alone or in combination infringe consumer rights laws or any other provision of law, they shall be treated as severable and shall be replaced with words which give as near the original meaning as may be fair. Nothing in these terms and conditions affects the Parents' statutory rights.

  • MERCURY ADDED CONSUMER PRODUCTS Contractor agrees that it will not sell or distribute fever thermometers containing mercury or any products containing elemental mercury for any purpose under this Contract.

  • CONSUMER PROTECTION ACT 40.1 The parties confirm that this sale did not come about as a result of direct marketing by the Seller and/or its agent/s but has been concluded as a result of consultative negotiations between the parties.

  • Consumer Liability Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check or draft. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card and/or code without your permission. If you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, including those made by card, code or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

  • Seller Financing Seller agrees to provide financing to the Buyer under the following terms and conditions:

  • Consumer protection 1. The Parties recognize the importance of maintaining and adopting transparent and effective measures to protect consumers from fraudulent and deceptive commercial practices in electronic commerce. 2. To this end, the Parties shall exchange information on their experiences in protecting consumers engaged in electronic commerce.

  • Telephone Consumer Protection Act Consent Each Member expressly consents to receiving calls and messages, including auto-dialed and pre-recorded message calls, and SMS messages (including text messages) from the Administrator, its affiliates, agents and others calling at their request or on their behalf, at any telephone numbers that the Member has provided to the Company or Masterworks (including any cellular telephone numbers). Member’s cellular or mobile telephone provider will charge Member according to the type of plan Member carries. Any Member may unsubscribe from receiving text messages or promotional calls at any time by (i) replying STOP, STOPALL, UNSUBSCRIBE, CANCEL, END or QUIT to any text message such Member receives from the Company or Masterworks or (ii) email to sxxxxxx@Xxxxxxxxxxx.xx with one of the forgoing words in the subject line. Each Member acknowledges and consents that following such a request to unsubscribe, such Member may receive one final text message from Masterworks confirming such request.

  • PayPal’s Buyer Protection Program When you buy something from a seller who accepts PayPal, you may be eligible for a refund under PayPal’s Buyer Protection program. When applicable, PayPal’s Buyer Protection program entitles you to reimbursement for the full purchase price of the item plus the original shipping costs you paid, if any. PayPal determines, in its sole discretion, whether your claim is eligible for PayPal’s Buyer Protection program. PayPal’s original determination is considered final, but you may be able to file an appeal of the decision with PayPal if you have new or compelling information not available at the time of the original determination or you believe there was an error in the decision-making process. The program terms and conditions are set out in PayPal’s Buyer Protection program page and form part of this user agreement.

  • Securities Transactions The Subadviser and any affiliated person of the Subadviser will not purchase securities or other instruments from or sell securities or other instruments to the Fund; provided, however, the Subadviser or any affiliated person of the Subadviser may purchase securities or other instruments from or sell securities or other instruments to the Fund if such transaction is permissible under applicable laws and regulations, including, without limitation, the 1940 Act and the Advisers Act and the rules and regulations promulgated thereunder. The Subadviser, on its own behalf and with respect to its Access Persons (as defined in subsection (e) of Rule 17j-1 under the 1940 Act), agrees to observe and comply with Rule 17j-1 and its Code of Ethics (which shall comply in all material respects with Rule 17j-1), as the same may be amended from time to time. On at least an annual basis, the Subadviser will comply with the reporting requirements of Rule 17j-1, which may include either (i) certifying to the Adviser that the Subadviser and its Access Persons have complied with the Subadviser’s Code of Ethics with respect to the Subadviser Assets or (ii) identifying any violations which have occurred with respect to the Subadviser Assets. The Subadviser will have also submitted its Code of Ethics for its initial approval by the Board of Trustees no later than the date of execution of this agreement and subsequently within six months of any material change thereto.

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