Core Credit definition

Core Credit is defined as the Sellers value of the defective unit(s). "Advance Exchange Price" is calculated as "Buyer Price" less "Core Credit". Seller agrees to provide a weekly Outstanding Core Report, of cores not returned within fourteen (14) days of the Advance Exchange Purchase Order Date, to the Buyer. Buyer shall return the core(s) within thirty (30) calendar days of the respective Advance Exchange Purchase Order Date. If Buyer fails to return the core(s) within the thirty (30) calendar days, then Seller shall invoice Buyer for one hundred percent (100%) of the respective core(s) previously credited. Seller must notify Buyer of core(s) received after thirty (30) calendar days, enabling Buyer to Debit the respective Advance Exchange Purchase Order by twenty five percent (25%) of the original Core Credit. Failure by Seller to notify Buyer of non-returned defective within sixty (60) days will result in core charge forfeiture. Seller shall ship to Buyer, the most current revision level/part number available to Seller. If Buyer returns a core which is not the most current revision level/part number as part of this "Advance Exchange" process, then Seller shall determine the appropriate core value credit per Sellers Material Review Board process. Seller agrees to maintain an "Advance Exchange" file concurrent with the first material receipt/shipment and continues through all subsequent activity.
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Core Credit. Seller agrees to provide a weekly Outstanding Core Report, of cores not returned within fourteen (14) days of the Advance Exchange Purchase Order Date, to the MLMC Buyer. Buyer shall return the core(s) within thirty (30) calendar days of the respective Advance Exchange Purchase Order Date. If Buyer fails to return the core(s) within the thirty (30) calendar days, then Seller shall invoice Buyer for one hundred (100%) of the respective core(s) previously credited. Seller must notify Buyer of core(s) received after thirty (30) calendar days, enabling Buyer to Debit the respective Advance Exchange Purchase Order by ten (10%) of the original Core Credit. Failure by Seller to notify Buyer of non-returned defectives within sixty (60) days will result in core charge forfeiture. Seller shall ship to Buyer, the most current revision level/part number available to Seller. If Buyer returns a core which is not the most current revision level/part number as part of this "Advance Exchange" process, then Seller shall determine the appropriate core value credit per Seller's Material Review Board process. Seller agrees to maintain an "Advance Exchange" file concurrent with the first material receipt/shipment and continues through all subsequent activity.
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Examples of Core Credit in a sentence

  • SchoolsPLP brings together multiple providers to a single platform creating the best learning experience for our students and allows us to provide Core, Credit Recovery, Intervention, Honors, AP, Elective, and CTE courses.

  • First Distribution Date: January 17, 2020 Aggregate Initial Certificate Balance of the Class HRR Certificates: $[__] Rated Final Distribution Date: December 2041 CUSIP: [__] Initial Certificate Balance of this Certificate: $[______][QIB] ISIN: [__] Common Code: [_] No.: HRR-[1] This certifies that Core Credit Partners A is the registered owner of the Percentage Interest evidenced by this Certificate in the distributions to be made from a Trust Fund with respect to the Class HRR Certificates.

  • The Core Credit Percentage applied to the Core Credit Account for Years of Credited Service is: 6-10 2.5% 11-15 3.0% 16-20 4.0% 21-25 5.0% 26 and above 6.0% All employees hired after August 31, 2019 will only be eligible to participate in the Hospital’s 401(k) Plan which shall provide for a matching contribution of 100% of the first 6% of eligible compensation, as more fully described in the Plan document.

Related to Core Credit

  • Service Credit means the periods of time for which the required contributions have been

  • Service credit month means a full service credit month or an

  • Alternate Credit Facility means any irrevocable direct pay letter of credit, insurance policy or similar credit enhancement or support facility for the benefit of the Trustee, the terms of which Alternate Credit Facility shall in all respects material to the registered owners of the Bonds be the same (except for the term set forth in such Alternate Credit Facility) as those of the Letter of Credit.

  • Original Applicable Credit Support Percentage With respect to each of the following Classes of Subordinate Certificates, the corresponding percentage described below, as of the Closing Date: Class M-1 ______% Class B-1 ______% Class B-2 ______%]

  • Applicable Credit Support Percentage As defined in Section 4.02(e).