Credit Programs Sample Clauses

The Credit Programs clause establishes the terms under which a party may extend credit or financing options to another party within the context of the agreement. Typically, it outlines eligibility requirements, credit limits, repayment schedules, and any applicable interest or fees associated with the credit provided. By clearly defining these parameters, the clause helps manage financial risk and ensures both parties understand their obligations regarding credit, thereby facilitating smoother transactions and reducing the likelihood of disputes over payment terms.
Credit Programs. Subject to Lowe’s standard credit approval process and agreements with credit providers, Lowe’s will offer all of its credit programs to NRI customers in the markets in which NRI operates On-Site Rental Stores.
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Credit Programs. (a) As of the Effective Date, Bank shall continue to offer Private Label Credit Cards to qualified customers in accordance with this Agreement and the applicable Credit Card Agreement. (b) The parties agree that terms specific to the Co-Brand Program are set forth on Schedule 2.2(b), including with respect to the launch thereof.
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Credit Programs. (Detailed information about the programs are in Exhibit A) Check the Program you will be participating in. 2.1  Bronze Program: $299 includes CPN; 2.2  Silver Program: $499 includes CPN and Primary Tradelines;
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Credit Programs. Commercial Cards/AP Cards/Private Network Accounts, (each a Credit Program, and collectively "Credit Programs") Section B – Pre-Funded Programs: AP Cards/Private Network Accounts/Payment Hub (ACH, Check, Wire)/PreferPay/AP Invoice Automation, (each a Pre-Funded Program, and collectively "Pre-Funded Programs")/Merchant Bankcard Services/General Banking Services
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Credit Programs. ResMed Entity Provider Description of Obligation Product Leasing Programs Name of Guarantor Beneficiary Description of Obligation Letters of Credit Issuing Lender Account Party Beneficiary Amount Available and Currency Expiration Bank Loans Issuing Lender Account Party Account Balance Expiration Bank Overdraft Facilities Issuing Lender Account Party Amount Available and Currency Expiration Swap Agreement Liabilities Issuing Lender Account Party Liabilities Valuation at 30 Sep 2013 Expiration RESMED INC. ADMINISTRATIVE AGENT: L/C ISSUER: SWING LINE LENDER: HSBC Bank USA, National Association: WESTPAC BANKING CORPORATION DNB CAPITAL LLC ▇▇▇▇▇ FARGO BANK, N.A.:
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Credit Programs. Company will provide one or more credit programs to Dealer that establish additional terms and conditions for the purchase of Contracts under the credit program (“Credit Programs”). These terms and conditions will include without limitation, the amount or method of computing the purchase price for the Contract (“Purchase Price) and the amount or method of computing any compensation to be paid to Dealer by the Company in addition to such Purchase Price for the Company’s purchase of Contracts under the Credit Program (“Dealer Compensation”). The terms and conditions associated with each Credit Program shall be detailed in separate Credit Program guidelines, or other similarly designated documents, communicated to Dealer as specified in Section 36. Company may amend or discontinue any Credit Program, in its sole discretion, by communicating such amendment or discontinuation to Dealer as specified in Section 36. Dealer’s sale of a Contract to Company under the Credit Program on or after the effective date of an amendment will constitute acceptance of that amendment.
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Related to Credit Programs

  • Letter of Credit Procedures 16 2.3.1 Issuance Procedures......................................16 2.3.2 Participations in Letters of Credit......................17 2.3.3 Reimbursement Obligations................................17 2.3.4 Limitation on Obligations of Issuing Banks...............17 2.3.5 Funding by Banks to Issuing Banks........................18 2.3.6 Repayment of Participations..............................18 2.4

  • Benefit Programs The Executive shall be eligible to participate in any plans, programs or forms of compensation or benefits that the Company or the Company’s subsidiaries provide to the class of employees that includes the Executive, on a basis not less favorable than that provided to such class of employees, including, without limitation, group medical, disability and life insurance, paid time-off, and retirement plan, subject to the terms and conditions of such plans, programs or forms of compensation or benefits.

  • Pilot Programs The Employer may develop voluntary pilot programs to test the acceptability of various risk management programs. Incentives for participation in such programs may include limited short-term improvements to the benefits outlined in this Article. Implementation of such pilot programs is subject to the review and approval of the Joint Labor-Management Committee on Health Plans.

  • Agreement to Repay Letter of Credit Drawings (a) The Borrower agrees to reimburse each Issuing Lender, by making payment to the Administrative Agent in immediately available funds at the Payment Office, for any payment or disbursement made by such Issuing Lender under any Letter of Credit issued by it (each such amount, so paid until reimbursed by the Borrower, an “Unpaid Drawing”), by making payment in Dollars (in the case of all Dollar Denominated Letters of Credit), Euros (in the case of Euro Denominated Letters of Credit) or Sterling (in the case of Sterling Denominated Letters of Credit) not later than one Business Day following receipt by the Borrower of notice of such payment or disbursement (provided that no such notice shall be required to be given if a Default or an Event of Default under Section 11.05 shall have occurred and be continuing, in which case the Unpaid Drawing shall be due and payable immediately without presentment, demand, protest or notice of any kind (all of which are hereby waived by the Borrower)), with interest on the amount so paid or disbursed by such Issuing Lender, to the extent not reimbursed prior to 1:00 P.M. (New York City time) on the date of such payment or disbursement, from and including the date paid or disbursed to but excluding the date such Issuing Lender was reimbursed by the Borrower therefor at a rate per annum equal to the Base Rate as in effect from time to time plus the Applicable Margin as in effect from time to time for Revolving Loans that are maintained as Base Rate Loans; provided, however, to the extent such amounts are not reimbursed prior to 1:00 P.M. (New York time) on the third Business Day following notice to the Borrower by the Administrative Agent or the respective Issuing Lender of such payment or disbursement, interest shall thereafter accrue on the amounts so paid or disbursed by such Issuing Lender (and until reimbursed by the respective Account Party) at a rate per annum which shall be (x) in the case of Dollar Denominated Letters of Credit, Sterling Denominated Letters of Credit, the Base Rate in effect from time to time plus the Applicable Margin for Revolving Loans in each case maintained as Base Rate Loans, as in effect from time to time plus 2% and (y) in the case of Euro Denominated Letters of Credit, the Overnight Euro Rate in effect from time to time plus the Applicable Margin for Euro Denominated Loans as in effect from time to time plus any Mandatory Costs plus 2%, in each such case, with interest to be payable on demand, provided further, that it is understood and agreed, however, that the notices referred to above in this clause (a) and in the immediately preceding proviso shall not be required to be given if a Default or an Event of Default under Section 11.05 shall have occurred and be continuing (in which case the Unpaid Drawings shall be due and payable immediately without presentment, demand, protest or notice of any kind (all of which are hereby waived by each Credit Party) and shall bear interest at the rate provided in the foregoing proviso on and after the third Business Day following the respective Drawing). The respective Issuing Lender shall give the Borrower prompt notice of each Drawing under any Letter of Credit, provided that the failure to give, or any delay in giving, any such notice shall in no way affect, impair or diminish the Borrower’s obligations under this Agreement. (b) The obligations of the Borrower under this Section 3.05 to reimburse each Issuing Lender with respect to drafts, demands and other presentations for payment under Letters of Credit issued by it (each, a “Drawing”) (including, in each case, interest thereon) shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment which the Borrower or any Subsidiary of the Borrower may have or have had against any Lender (including in its capacity as an Issuing Lender or as a Participant), including, without limitation, any defense based upon the failure of any drawing under a Letter of Credit to conform to the terms of the Letter of Credit or any nonapplication or misapplication by the beneficiary of the proceeds of such Drawing; provided, however, that the Borrower shall not be obligated to reimburse any Issuing Lender for any wrongful payment made by such Issuing Lender under a Letter of Credit issued by it as a result of acts or omissions constituting willful misconduct or gross negligence on the part of such Issuing Lender (as determined by a court of competent jurisdiction in a final and non-appealable decision).

  • Credit and Collection Policies Comply in all material respects with the Credit and Collection Policy in regard to each Pool Receivable and the related Contract.