WAIVER CREDIT Sample Clauses

WAIVER CREDIT. In consideration of Customer executing more than a thirty-nine (39) month Agreement with MPS (i.e., a thirty-nine (39) month term, plus the Waiver Period, as defined below, for Addenda BV, CU, FS, FU, NA and TU executed by Customer and MPS) and continuing to process with MPS for all the Services in each executed Addenda for at least such thirty-nine (39) month term plus the Waiver Period, the net amount of MPS fees (but not third party fees) assessed by MPS on an MPS Services Invoice in connection with some or all of the following list of individual services shall be applied by MPS against a one-time waiver credit amount equal to the lesser of: (i) the actual costs paid by Customer to convert from EDS' system or (ii) $15,000.00 ("Waiver Credit") until such Waiver Credit is reduced to zero; provided that Customer provides MPS written documentation evidencing the total cost actually paid by Customer to EDS for Customer's conversion from EDS' system with such documentation sent to the MPS General Counsel at 00 Xxxxxxxx Xxxxxx Xxxxx, Xxxxxxxxxx, Xxxx 00000, with a copy to the Billing Manager at the same address. ADDENDUM FS ----------- - Section C.3.a), Electronic authorization - Section C.3.c), Remote item posting fee - Section C.4.a), Plastic debit or credit card - Section C.4.b), Account file residency - Section C.4.c), Credit account statement-to-date - Section C.5, Credit account monthly maintenance ADDENDUM NA ----------- - Section C.1), ATM Access Fees - Section C.3.a), All Transactions - Section C.3.b), Positive Balance Authorization Surcharge - Section C.3.c), Stand-in Processing Surcharge - Section C.4.a), Plastic debit or credit card file - Section C.4.b), Cluster File Extension Support - Section C.4.c), Account File Residency (Option Z) - Section C.4.d), CRT File Updates - Section C.4.e), Cluster PIN Validation transaction fee surcharge - Section C.6.a), Stand-in Processing File residency - Section C.6.b), Stand-in Processing File residency extension - Section C.6.c), Stand-in Processing CRT file updates - Section D, Network Access Services, Monthly Access Fee - Section E.1.a), Online Adjustment System File Residency - Section E.1.b), Online Adjustment System CRT file updates - Section E.2.b), Online Deposit System CRT file updates The Waiver Credit shall be reduced monthly by MPS fees incurred and payable by Customer on the MPS Services Invoice in the given month for some or all of the services above until such Waiver Credit is reduced to zero. Th...
Sample 1
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WAIVER CREDIT. If offered by the Board, eligible employees may request a waiver of health insurance protection. If a waiver of health insurance protection is granted by the Board, payment in lieu of health insurance protection will be made to the employee as follows: Tentative Okay: Health Care Insurance $1,250 Dental Insurance $250 Prescription Plan $500 Waiver of health insurance protection will require proof of health insurance protection elsewhere. Employees who waive health insurance protection for a partial year will be paid in lieu on a pro- rata basis. Payments of the waived amounts will be made with the final paycheck of the school year. Said waiver payments shall be calculated and treated as taxable income.
Sample 1

Related to WAIVER CREDIT

  • Other Credit Documents (i) Any Credit Party shall default in the due performance or observance of any term, covenant or agreement in any of the other Credit Documents and such default shall continue unremedied for a period of at least 30 days after the earlier of a Borrower becoming aware of such default or notice thereof given by the Administrative Agent or (ii) any Credit Document (or any provision of any Credit Document) shall fail to be in full force and effect or any Borrower or any of its Subsidiaries shall so assert or any Credit Document shall fail to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers and privileges purported to be created thereby.

  • Lender Credit Decision Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements referred to in Section 4.01 and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.

  • Lender Credit Decision, Etc Each of the Lenders and the Issuing Bank expressly acknowledges and agrees that neither the Administrative Agent nor any of its Related Parties has made any representations or warranties to the Issuing Bank or such Lender and that no act by the Administrative Agent hereafter taken, including any review of the affairs of the Borrower, any other Loan Party or any other Subsidiary or Affiliate, shall be deemed to constitute any such representation or warranty by the Administrative Agent to the Issuing Bank or any Lender. Each of the Lenders and the Issuing Bank acknowledges that it has made its own credit and legal analysis and decision to enter into this Agreement and the transactions contemplated hereby, independently and without reliance upon the Administrative Agent, any other Lender or counsel to the Administrative Agent, or any of their respective Related Parties, and based on the financial statements of the Borrower, the other Loan Parties, the other Subsidiaries and other Affiliates, and inquiries of such Persons, its independent due diligence of the business and affairs of the Borrower, the other Loan Parties, the other Subsidiaries and other Persons, its review of the Loan Documents, the legal opinions required to be delivered to it hereunder, the advice of its own counsel and such other documents and information as it has deemed appropriate. Each of the Lenders and the Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent, any other Lender or counsel to the Administrative Agent or any of their respective Related Parties, and based on such review, advice, documents and information as it shall deem appropriate at the time, continue to make its own decisions in taking or not taking action under the Loan Documents. The Administrative Agent shall not be required to keep itself informed as to the performance or observance by the Borrower or any other Loan Party of the Loan Documents or any other document referred to or provided for therein or to inspect the properties or books of, or make any other investigation of, the Borrower, any other Loan Party or any other Subsidiary. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders and the Issuing Bank by the Administrative Agent under this Agreement or any of the other Loan Documents, the Administrative Agent shall have no duty or responsibility to provide any Lender or the Issuing Bank with any credit or other information concerning the business, operations, property, financial and other condition or creditworthiness of the Borrower, any other Loan Party or any other Affiliate thereof which may come into possession of the Administrative Agent or any of its Related Parties. Each of the Lenders and the Issuing Bank acknowledges that the Administrative Agent’s legal counsel in connection with the transactions contemplated by this Agreement is only acting as counsel to the Administrative Agent and is not acting as counsel to any Lender or the Issuing Bank.

  • Other Creditors The Credit Parties shall provide to the Administrative Agent promptly after the giving or receipt thereof, copies of any material default notices given or received by the Borrower or by any of its Subsidiaries pursuant to the terms of any indenture, loan agreement, credit agreement, or similar agreement evidencing Debt in an amount in excess of $2,000,000.

  • Other Defaults Under Credit Documents Any Credit Party shall default in the performance of or compliance with any term contained herein or any of the other Credit Documents, other than any such term referred to in any other Section of this Section 8.1, and such default shall not have been remedied or waived within thirty days after the earlier of (i) an officer of such Credit Party becoming aware of such default or (ii) receipt by Borrower of notice from Administrative Agent or any Lender of such default; or

  • Amendment to Credit Agreement The Credit Agreement is hereby amended as follows:

  • Continuing Security Interest: Assignments under Credit Agreement (a) This Agreement shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until the Obligations have been paid in full in accordance with the provisions of the Credit Agreement and the Commitments have expired or have been terminated, (ii) be binding upon each Grantor, and their respective successors and assigns, and (iii) inure to the benefit of, and be enforceable by, Agent, and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), any Lender may, in accordance with the provisions of the Credit Agreement, assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise. Upon payment in full of the Secured Obligations in accordance with the provisions of the Credit Agreement and the expiration or termination of the Commitments, the Guaranty made and the Security Interest granted hereby shall terminate and all rights to the Collateral shall revert to Grantors or any other Person entitled thereto. At such time, upon Borrowers’ request, Agent will authorize the filing of appropriate termination statements to terminate such Security Interest. No transfer or renewal, extension, assignment, or termination of this Agreement or of the Credit Agreement, any other Loan Document, or any other instrument or document executed and delivered by any Grantor to Agent nor any additional Revolving Loans or other loans made by any Lender to any Borrower, nor the taking of further security, nor the retaking or re-delivery of the Collateral to Grantors, or any of them, by Agent, nor any other act of the Lender Group or the Bank Product Providers, or any of them, shall release any Grantor from any obligation, except a release or discharge executed in writing by Agent in accordance with the provisions of the Credit Agreement. Agent shall not by any act, delay, omission or otherwise, be deemed to have waived any of its rights or remedies hereunder, unless such waiver is in writing and signed by Agent and then only to the extent therein set forth. A waiver by Agent of any right or remedy on any occasion shall not be construed as a bar to the exercise of any such right or remedy which Agent would otherwise have had on any other occasion.

  • Credit Agreement Governs Except as set forth in this Agreement, the New Term Loans shall otherwise be subject to the provisions of the Credit Agreement and the other Credit Documents.

  • Loan Document Pursuant to Credit Agreement This Amendment is a Loan Document executed pursuant to the Credit Agreement and shall be construed, administered and applied in accordance with all of the terms and provisions of the Credit Agreement.

  • Amendments to Credit Agreement The Credit Agreement is hereby amended as follows:

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