No Credit Sample Clauses
The "No Credit" clause establishes that no credit, refund, or offset will be provided under specified circumstances. Typically, this clause applies when a party does not use or benefit from a service, product, or right, such as unused subscription time or unexercised options, and clarifies that the paying party is not entitled to any reimbursement. Its core function is to prevent disputes over compensation for unused portions of an agreement, ensuring financial certainty and limiting the provider's liability.
POPULAR SAMPLE Copied 3 times
No Credit. The Charter School acknowledges that it is without authority to extend the faith and credit of the School Board to any third party. The Charter School shall clearly indicate to vendors and other entities and individuals outside LCPS that the obligations of the Charter School are solely the responsibility of the Charter School and are not the responsibility of the School Board.
No Credit. If in a Tax Comparison Year the Taxes are less than the Base Tax, and/or if in an Expense Comparison Year, the Operating Expenses are less than the Base Operating Expenses, the Tenant shall not be entitled to receive a credit, by way of a reduction in fixed rent, a refund of all or a portion of prior (or a credit against future) Tax Payments or Expense Payments, or otherwise.
No Credit. Notwithstanding anything contained herein to the contrary, a Participant shall not be entitled to credit in calculating a Year of Vesting Service for years preceding a Permanent Break in Service.
No Credit. If in a Tax Comparison Year the Taxes are less than the Base Tax, the Tenant shall not be entitled to receive a credit, by way of a reduction in Fixed Annual Rent, a refund of all or a portion of prior (or a credit against future) Tax Payments or otherwise.
No Credit. No additional credit will be allowed for years on leave for salary purposes upon return to the District.
No Credit. Tenant shall not be entitled to any rebate or credit in the event either Taxes or Operating Expenses for any Calendar Year is lower than the Taxes or Operating Expenses for the Base Year.
No Credit. The Parties agree and understand that the Upfront Fee, both License Fees and all Milestone Payments and Evotec Payments due hereunder are in addition to, and shall not be creditable against, any royalty payments due hereunder.
No Credit. Trustor shall not claim, demand or be entitled to receive any credit or credits towards the satisfaction of this Deed of Trust or on any interest payable thereon for any taxes assessed against the Trust Property or any part thereof, and shall not claim any deduction from the taxable value of the Trust Property by reason of this Deed of Trust.
No Credit. The Club does not offer credit terms in relation to the purchase of drinks or other items at the Ground.
No Credit. Any grant of credit to any customer or distributor on terms or in amounts more favorable than those which have been extended to such customer or distributor in the past, any other change in the terms of any credit heretofore extended, or any other change of Seller's policies or practices with respect tothe granting of credit;