Warranty Credit. If there is a Confirmed Outage of a Buyer's Transponder: on PAS-3 [************] of the Delivery Date of PAS-3; on PAS-6 [************************] of the Delivery Date of PAS-6 (but only [************************] of PAS-6 if Buyer exercises its termination [***] under Section 7.9 hereof); or within [******************] of Delivery Date of PAS-6B (for each Satellite, the "Warranty Period"), PanAmSat shall credit to Buyer's next Installment payment a "Warranty Credit" that shall be determined by the following formula: Warranty Credit [***] [************] [***] [******************************************************************************* *****************************************] [*********************************] [******************************************************************************* **********************************] Buyer shall not be entitled to any Warranty Credit for any Transponder failure that does not constitute a Confirmed Outage. For purposes of determining Warranty Credits, each failure that is confirmed by PanAmSat shall be measured as commencing from the later to occur of (i) Buyer's cessation of use of the affected Buyer's Transponder and (ii) notice from Buyer to PanAmSat of such failure (provided that the [***] Filed separately with the Commission pursuant to a request for confidential treatment. affected Buyer's Transponder is, in fact, not meeting the Performance Specifications). Any such failure shall be deemed to have ended upon the earlier to occur of (i) Buyer's resumption of use of the affected Buyer's Transponder and (ii) notice to Buyer from PanAmSat that the affected Buyer's Transponder has been restored to the Performance Specifications (provided that the affected Buyer's Transponder is, in fact, meeting the Performance Specifications). No Warranty Credit shall be provided for any failure of a Buyer's Transponder that occurs after the [******] such Transponders at such point being available, if at all, on an "as is" basis; nor shall a Warranty Credit be provided during the [******] for any Transponder that is not one of the Transponders being [***] for as part of the [******].

Warranty Credit. In the event that Buyer's expenses for repair and replacement warranty work under the terms and conditions of Seller's warranties from the period from the Closing Date until six (6) months after the Closing Date exceeds the amount Buyer deems to be appropriate in the ordinary course of business by more than $100,000, Buyer shall be entitled to a credit against the Purchase Price (the "WARRANTY CREDIT") equal to the amount of such excess.

Warranty Credit. Reimbursement of an accepted warranty claim will be by credit note, which will be issued when the completed claim form is returned to the OEM or distributor/dealer. PRM Newage Ltd reserve the right to supply Free of Charge replacement parts. Receipt of the credit note completes the performance of any warranty claim, and any parts held may then be disposed of in accordance with factory instructions.

Warranty Credit. In order that Manufacturer may make accurate warranty representations and in order to promote the goodwill of Manufacturer, Distributor shall credit its customer's account for the amount of Distributor's xxxx up, in addition to Distributor's costs whenever Manufacturer credits Distributor's account in fulfillment of a warranty obligation or in the case of a Product recall by Manufacturer or advisory by Manufacturer.

Warranty Credit. 7 3.4 VAT................................................................ 7

Warranty Credit. In the event that Buyer's expenses for repair and replacement warranty work under the terms and conditions of Sellers' warranties in the Assumed Contracts exceeds the amount Buyer deems to be appropriate in the ordinary course of business by more than an aggregate of Fifty Thousand Dollars (USD $50,000) during the period beginning on the Closing Date and ending at 5:00 p.m. (United States Pacific Standard Time) on the first anniversary of the Closing Date, Buyer shall be entitled to a credit against the Purchase Price (the "WARRANTY CREDIT") equal to the amount of such excess.

Related to Warranty Credit

Lender Party Credit Decision Each Lender Party acknowledges that it has, independently and without reliance upon any Agent or any other Lender Party 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 Party also acknowledges that it will, independently and without reliance upon any Agent or any other Lender Party 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.
Service Level Credits If Verint does not meet the Uptime Percentage levels specified below, Customer will be entitled, upon written request, to a service level credit (“Service Level Credit”) to be calculated, with respect to the applicable Hosted Environment, as follows: • If Uptime Percentage is at least 99.95% of the month’s minutes, no Service Level Credits are provided; or • If Uptime Percentage is 99.75% to 99.94% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is 99.50% to 99.74% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 7.5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is less than 99.50% of the month’s minutes, Customer will be eligible for a credit of 10.0% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint. Customer shall only be eligible to request Service Level Credits if Customer notifies Verint in writing within thirty (30) days from the end of the month for which Service Level Credits are due. All claims will be verified against Verint’s system records. In the event after such notification Verint determines that Service Level Credits are not due, or that different Service Level Credits are due, Verint shall notify Customer in writing on that finding. With respect to any Services Level credits due under Orders placed directly by Customer on Verint, Service Level Credits will be applied to the next invoice following Customer’s request and Verint’s confirmation of available credits; with respect to any Service Level Credits due for SaaS Services under Orders placed on Verint by a Verint authorized reseller on Customer’s behalf, Service Level Credits will be issued by such reseller following Customer’s request and Verint’s confirmation of available credits and such Services Level Credits may only be used by Customer with respect to subsequent purchases of Verint offerings through that reseller. Service Level Credits shall be Customer’s sole and exclusive remedy in the event of any failure to meet the Service Levels. Verint will only provide records of system availability in response to Customer’s good faith claims.
Letter of Credit Accommodations (a) Subject to and upon the terms and conditions contained herein, at the request of Borrower, Lender agrees to provide or arrange for Letter of Credit Accommodations for the account of Borrower containing terms and conditions acceptable to Lender and the issuer thereof. Any payments made by Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations shall constitute additional Revolving Loans to Borrower pursuant to this Section 2.
Service Credit With respect to benefits accruing during the CBA Term, Buyer shall recognize and apply each Transferred Employee’s prior service with Seller toward any eligibility and vesting under the Employee Benefits Plans and other compensation arrangements of Buyer and, in the case of Represented Transferred Employees, any other plans established to provide benefits described in the Generation CBA and in the case of Non- Represented Transferred Employees in Seller’s policies or plans, if any, that may become applicable to Non-Represented Transferred Employees. Buyer shall vest each Transferred Employee under the Employee Benefits Plans of Buyer to the extent such employee is vested under the Employee Benefits Plans of Seller (or its applicable Affiliates) immediately prior to the Closing, provided that all vacation, personal and sick days accrued by each Transferred Employee under the plans, policies, programs and arrangements of Seller (or its applicable Affiliates) immediately prior to the Closing shall not be a cost to Buyer, but shall be paid as provided in Section 5.8(f). Buyer shall waive all limitations with respect to preexisting conditions, exclusions based on health status and waiting periods with respect to participation and coverage requirements under Buyer’s health and welfare plans. Except as provided in this Section 5.8(d), Seller shall be solely responsible for all Liabilities including any applicable termination pay, severance pay, accrued wages or salary, accrued bonus and/or incentive pay (whether or not such bonus or incentive compensation is subject to any continued service requirement), accrued vacation and sick time, as well as any other benefits, created or owing as a consequence of the employment on or before the Closing Date of any Transferred Employee, or the cessation of any Scheduled Employee’s employment on or before the Closing Date, including
Credit Investigation In conjunction with your application for credit and, if approved, maintenance of your Account, you agree that we have the right to investigate your credit and employment history, to verify your credit references, to request and use credit reports, and to report the way you pay your Account to credit bureaus and other interested parties.
Letter of Credit Amounts Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.
Letter of Credit Procedures 13 2.3.1 L/C Applications ...........................................13 2.3.2 Participations in Letters of Credit ........................13 2.3.3 Reimbursement Obligations ..................................13 2.3.4 Limitation on Obligations of Issuing Lender ................14 2.3.5 Funding by Lenders to Issuing Lender .......................14 2.4 Commitments Several .................................................15 2.5 Certain Conditions ..................................................15
Failure to Make Letter of Credit Advances The failure of any Lender to make the Letter of Credit Advance to be made by it on the date specified in Section 2.03(c) shall not relieve any other Lender of its obligation hereunder to make its Letter of Credit Advance on such date, but no Lender shall be responsible for the failure of any other Lender to make the Letter of Credit Advance to be made by such other Lender on such date.
Letter of Credit Reports Each Issuing Bank shall furnish (A) to the Agent on the first Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued by such Issuing Bank during the preceding month and drawings during such month under all such Letters of Credit and (B) to the Agent on the first Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by such Issuing Bank.
Letter of Credit Requests 15 2.03 Letter of Credit Participations......................... 15 2.04 Agreement to Repay Letter of Credit Payments............ 17 2.05

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