Credit Provider Sample Clauses

The 'Credit Provider' clause defines the party or entity responsible for extending credit under an agreement. It typically specifies who the lender is, outlines their rights and obligations, and may detail the circumstances under which they provide funds or credit facilities to the borrower. By clearly identifying the credit provider, this clause ensures all parties understand who is responsible for funding and managing the credit arrangement, thereby reducing confusion and potential disputes regarding the source and administration of credit.
Credit Provider. Pretorium Trust (Cooperative) Limited of 00 Xxxxxxxx Xxxx, Xxxxxxxx Xxxx, Pretoria.
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Credit Provider. If the Credit Code applies to an Insured Loan in respect of which the insured is the Second Insured and the Second Insured is not the credit provider for the purposes of the Credit Code then: (a) at all times the Second Insured must be entitled to require the credit provider to do such acts or things or not to do such acts or things as may be required under this Policy which may only be done or not done by the credit provider; and (b) it shall require the credit provider to do or not do those acts or things as may be required to be done or not done by the Second Insured under this Policy if it was the credit provider or failing that, take whatever steps are necessary to become the credit provider under the Insured Loan.
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Credit Provider. Credit Provider is the Institution stated in the Fury Bodyline Protect Schedule, who supplied goods or services under a discount transaction, incidental credit agreement, instalment agreement, or the lessor under a lease.
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Credit Provider. All provisions hereof regarding consents, approvals, directions, appointments or requests by the Credit Provider shall be deemed not to require or permit such consents, approvals, directions, appointments or requests by the Credit Provider during any time in which such Credit Provider has failed to honor a draft presented to it in strict conformance with the applicable provisions of the Credit Facility, or after the Credit Facility shall at any time for any reason cease to be valid and binding on the Credit Provider, or while such Credit Provider is denying further liability or
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Credit Provider. All provisions hereof regarding consents, approvals, directions, appointments or requests by the Credit Provider, if any, shall be deemed not to require or permit such consents, approvals, directions, appointments or requests by such Credit Provider, during any time in which no Credit Facility has been delivered, or the Credit Provider, has failed to honor a draft presented to it in strict conformance with the applicable provisions of the Credit Facility, or after the Credit Facility shall at any time for any reason cease to be valid and binding on the Credit Provider, if any, or while such Credit Provider, is denying further liability or obligation under the Credit Facility (unless such Credit Facility has been fully drawn or to the extent that the conditions to making a demand for payment thereunder have not been strictly satisfied) or after the Credit Provider, has rescinded, repudiated or terminated the Credit Facility. All provisions herein relating to the Credit Provider, if any, shall be of no force and effect with respect to the Credit Provider if the Credit Facility and Credit Agreement are not in effect, there are no related Credit Provider Bonds and all amounts owing to such Credit Provider under the Credit Agreement have been paid.
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Credit Provider. (i) The School is a credit provider under the Privacy Act 1988 (Cwth) and its amendments (“the Act”); (ii) This enrolment agreement constitutes a credit application and credit agreement requiring notice and agreement in accordance with the Act. Under Section 18E(8)(c) of the Act, the School is allowed to give a credit reporting agency personal information about your credit application should your account be in default. The information which may be given to an agency is covered by Section 18E(1) of the Act and includes: ▪ identity particulars (as permitted by the Privacy Commissioner’s determination issued under Section 18E(3); ▪ the fact that you have applied for credit and the amount; ▪ the fact that the School is a current credit provider to you; ▪ payments which become overdue for more than 60 days and for which collection action has commenced; ▪ advice that payments are no longer overdue; ▪ cheques drawn by you which have been dishonoured more than once; ▪ in specified circumstances, that in the opinion of the School you have committed a serious credit infringement; ▪ that credit provided to you by the School has been paid or otherwise discharged. To assess their application for personal credit “The Parents” agree, as required by Section 18L(4) of the Act, to the School obtaining a report about their commercial activities or commercial credit worthiness from a business which provides information about the commercial credit worthiness of persons. The Parents agree, as required by Section 18N(1)(b) of the Act, for the School to seek from and give to any previous School , and credit providers named in a credit report issued by a credit reporting agency, information about their arrangements. Parent/Guardian Signature Parent/Guardian Signature The Parents understand that this information may include any information about their credit worthiness, credit standing, credit history or credit capacity which credit providers are allowed to give or receive from each other under the Act. “The Parents” understand the information may be used for the following purposes: ▪ to assess the application by them for credit; ▪ to notify other credit providers of a default by them; ▪ to exchange information with other credit providers as to the status of this loan/credit application; ▪ where “The Parents” are in default with other credit providers; ▪ to assess their credit worthiness. At least two terms’ notice in writing is required to be given before the Student is removed fr...
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Credit Provider. Refresh Card Solutions Inc., who has agreed to provide you with the Credit Facility that you will access via your Card as Funds Available. Credit Provider Agreements: the agreements between you and the Credit Provider that govern the extension of the Credit Facility by the Credit Provider that you may access through the Card. These agreements include the “Refresh Secured Credit Agreement”, the “Refresh Security Agreement”, any disclosure documents, and any amendments, replacements or updates the Credit Provider may provide from time to time. Customer Service Representative: a friendly customer service representative, available to you through the Customer Service number listed on the first page of the Agreement.
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Related to Credit Provider

  • Replacement Provider In the event the Agreement (or any portion thereof) is terminated in accordance with this Article II, the Sellers shall be responsible for engaging one or more qualified replacement providers of the Services of the Serviced Appointments that are subject to such termination (each, a “Replacement Provider”), which may be any Seller, any other member of the Seller Group or any third party acceptable to the Sellers. Upon request by the Sellers, the Purchasers shall provide the Sellers with reasonable assistance in marketing the Services subject to such termination to potential third party Replacement Providers, including by providing any information reasonably requested by the Sellers; provided, that any potential third party Replacement Provider shall have executed a customary confidentiality agreement before any confidential information of the Purchasers is disclosed by the Sellers to such potential third party Replacement Provider.

  • Letter of Credit Procedures 20 2.3.1 L/C Applications..................................20 2.3.2 Participations in Letters of Credit...............20 2.3.3 Reimbursement Obligations.........................20 2.3.4 Limitation on Obligations of Issuing Bank......

  • Credit Enhancement 55 SECTION 12.

  • Bank The Buyer (a) is a national bank or banking institution organized under the laws of any State, territory or the District of Columbia, the business of which is substantially confined to banking and is supervised by the State or territorial banking commission or similar official or is a foreign bank or equivalent institution, and (b) has an audited net worth of at least $25,000,000 as demonstrated in its latest annual financial statements, a copy of which is attached hereto.

  • Letter of Credit Facility (a) Subject to and upon the terms and conditions herein set forth, each L/C Account Party, or Interface on behalf of any L/C Account Party, may request, in accordance with the provisions of this Article IIA, that, on and after the Restatement Date, the Domestic L/C Issuer issue one or more Domestic Letters of Credit for the account of such L/C Account Party; provided, however, that any Letter of Credit to be so issued shall conform to the following conditions and requirements: (i) The Letter of Credit shall be in a form customarily used by the L/C Issuer or in any other form requested by the L/C Account Party and approved by the L/C Issuer; (ii) No Letter of Credit shall have an expiration date later than one year from the date of issuance thereof, and no Letter of Credit shall have an expiration date later than the fifth (5th) Business Day prior to the Maturity Date, regardless of its date of issuance; (iii) [Intentionally omitted]; (iv) No Letter of Credit shall be requested or issued having a stated amount less than $250,000; (v) No Letter of Credit shall be requested or issued if, after giving effect to such issuance, the aggregate outstanding principal amount of all Extensions of Credit would exceed the aggregate amount of all Lenders’ Domestic Syndicated Loan Commitments; (vi) No Domestic Letter of Credit shall be requested or issued if, after giving effect to such issuance the Aggregate Domestic L/C Outstandings would exceed the lesser of (A) the Domestic Borrowing Limit, minus the amount of all outstanding Domestic Revolving Loans and (B) the aggregate Domestic L/C Subcommitments; (vii) [Intentionally Omitted]; (viii) [Intentionally Omitted]; and (ix) Any such Letter of Credit shall be subject to the Uniform Customs and/or ISP98 (or any other customary set of rules, regulations, or standards adopted and employed by the L/C Issuer in its customary practices), as set forth in the application for such Letter of Credit or other applicable law as determined by the L/C Issuer. Upon expiration or termination of the Domestic Syndicated Loan Commitments, the foregoing Domestic Letter of Credit facility shall automatically expire or terminate, as the case may be, without further action or notice hereunder. (b) Each Letter of Credit may provide that the L/C Issuer may (but shall not be required to), upon the occurrence of an Event of Default and the acceleration of the maturity of the Loans, or the exercise of any remedies set forth in Article IX, pay the beneficiary thereof or, if payment is not then due to the beneficiary, provide for the deposit of funds in an account to secure payment to the beneficiary and that any funds so deposited shall be paid to the beneficiary of the Letter of Credit if conditions to such payment are satisfied, or returned to the L/C Issuer for distribution to the Domestic Agent (or, if all Obligations shall have been indefeasibly paid in full, to the applicable L/C Account Party) if no payment to the beneficiary has been made and the final date available for drawings under the Letter of Credit has passed. Each payment or deposit of funds as provided in this Section 2A.01(b) shall be treated for all purposes of this Agreement as a drawing duly honored by the L/C Issuer under the related Letter of Credit.