Commercial credit definition

Commercial credit means any credit facilities provided by an AI to and for the use of a commercial enterprise, except those types of facilities excluded from the coverage of the CCRA as specified in the Relevant Guidelines.
Commercial credit means any credit facilities provided by an AI to and for the use of a commercial enterprise, except those types of
Commercial credit means credit extended to a person in which the money, property, or service which is the subject of the transaction is primarily for business purposes.

Examples of Commercial credit in a sentence

  • Commercial credit risk also arises with those organisations that pay monies over to the Fund (debtors) as part of the administration function, principally contributions from employers and transfers in from other registered pension schemes.

  • Commercial credit reports will be or- dered for profit corporations and part- nerships, and organizations with a sub- stantial interest in the applicant enti- ty in accordance with subpart C of part 1910 of this chapter.

  • Commercial credit reports ob- tained by the lender on the borrower and any parent, affiliate, and sub- sidiary firms.

  • Commercial credit reports for the borrower(s) and any parent, affiliate, and subsidiary companies.

  • Commercial credit reports on the Borrower and any parent, Affiliate, and subsidiary firms.

  • Commercial credit reports obtained by the lender on the borrower and any parent, affiliate, and subsidiary firms.

  • Without limiting the foregoing, certain provisions of the Uniform Commercial Code, Article 4A (UCC, Article 4A), may apply to Commercial credit transactions (Non-Consumer).

  • Commercial credit is very scarce in the Democratic Republic of the Congo; banks serve chiefly as financial agents for the government (EIU 2006b).

  • Commercial credit risk also arises with those organisations that pay monies over to the Fund (debtors) as part of the administration function, principally contributions from employers and transfers in from other registered pension schemes.The Fund monitors the monthly receipt of contributions from employers.

  • Commercial credit: 63% of corporate farm managers and 34% of peasant farmers report actually borrowing, although only 15% of rural households report doing so [suggesting that credit use is highly correlated with urban infrastructure].


More Definitions of Commercial credit

Commercial credit means credit provided or to be provided by Ace Finance Aust Pty Ltd to be applied wholly or predominantly for business or investment purposes (or for both purposes);
Commercial credit means credit extended to a person in which the money, property, or service which is
Commercial credit meanscredit (other than consumer credit) that is applied for by, or provided to, a person.
Commercial credit has the meaning given in section 6 of the Privacy Act;
Commercial credit has the meaning given in section 6 of the Privacy Xxx 0000 (Cth).
Commercial credit means credit provided or to be provided by The lender to be applied wholly or predominantly for business or investment purposes (or for both purposes);

Related to Commercial credit

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • Dual credit means the system under which an eligible high school student enrolls in college course(s) and receives credit for the course(s) from both the college and high school.

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • Commercial Letter of Credit means any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by the Borrower or any of its Subsidiaries.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Commercial LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding commercial Letters of Credit plus (b) the aggregate amount of all LC Disbursements relating to commercial Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers. The Commercial LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the aggregate Commercial LC Exposure at such time.

  • Federal Credit means the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.

  • Credit means the right granted by a creditor to a debtor to defer payment of debt or to incur debt and defer its payment.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Supporting Letter of Credit has the meaning specified in Section 1.3(g).

  • Company Credit Facility means the Credit Agreement, dated as of March 24, 2016, as amended and restated as of December 14, 2017, as further amended and restated as of May 7, 2019, as further amended and restated as of September 11, 2019, and as further amended and restated as of November 12, 2019, by and among Centene, the various financial institutions named therein, as lenders, and Wells Fargo Bank, National Association, as Administrative Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same lenders or agent.

  • Commercial Facility means the Commercial Facility made available under this Agreement as described in Clause 2.1 (Facility).

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).

  • Financial Letter of Credit means any Letter of Credit other than a Performance Letter of Credit.

  • operational creditor means a person to whom an operational debt is owed and includes any person to whom such debt has been legally assigned or transferred;

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Scheduled Commercial Bank means any bank included in the second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934).

  • New Credit Facility is defined in Section 9.8.