Credit Adjustment definition

Credit Adjustment shall have the meaning specified in Section 3.02.

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Credit Adjustment shall have the meaning specified in subsection ----------------- ---------- 4.2(d)(i). ---------

Credit Adjustment has the meaning specified in subsection 4.03(d).

Examples of Credit Adjustment in a sentence

• Notwithstanding the foregoing, a breach of any representation or warranty which relates solely to the eligibility or characteristics of any Receivable shall not constitute a Termination Event hereunder if a Purchase Price Credit Adjustment (and any related payment by Originator) is duly and timely made in accordance with Section 1.3 hereof.

• If this is not possible a Credit Adjustment will be given for the Core Hours lost.

• Any amount deposited into the Excess Funding Account in connection with a Credit Adjustment shall be applied in accordance with Article IV and the terms of each Supplement.

• If such Foreign Tax Credit Adjustment is a positive amount, Halliburton shall pay such amount to the KBR Group.

• The Purchase Price shall be reduced on each Purchase Price Payment Date (a “Purchase Price Adjustment”) with respect to any Receivable conveyed to Chase Card Funding by Chase USA with respect to which during the preceding Monthly Period (a) Chase USA was obligated to accept reassignment pursuant to Section 2.06 or Section 2.07 and (b) any Credit Adjustment was made pursuant to subsection 3.06 of the Transfer and Servicing Agreement.

More Definitions of Credit Adjustment

Credit Adjustment is defined in the Section 3.02 of the Receivables Purchase Agreement.

Credit Adjustment shall have the meaning specified in Section 5.07(a);

Credit Adjustment is defined in Section 8.4(e) of the Indenture. ----------------- --------------

Credit Adjustment is defined in Section 2.4.4.

Credit Adjustment means, with respect to one or more Receivables previously conveyed by the Seller to the Purchaser, an amount equal to the aggregate of (i) the reduction in the principal balance of the related Receivables described in Section 3.02 multiplied by the quotient (expressed as a percentage) of (ii) the Purchase Price for Principal Receivables payable on the related Distribution Date divided by the aggregate of the Principal Receivables transferred to the Purchaser on such Addition Date.

Credit Adjustment means that amount of the Outstanding Face Amount of any Principal Receivable (i) which was created in respect of any merchandise refused or returned by the Obligor or as to which the Obligor has asserted any defence, dispute, set-off or counterclaim (including a Transferor Section 75 Liability or Additional Transferor Section 75 Liability) or (ii) which is reduced by the Transferor, any Additional Transferor or the Servicer or any Co-Servicer by any rebate, refund, charge-back or adjustment (including Servicer or Co-Servicer errors) or (iii) which was created as a result of a fraudulent or counterfeit charge;

Credit Adjustment shall have the meaning specified in subsection 4.03(c). “Credit Card Agreement” shall mean, for any VISA®, MasterCard®, or American Express® credit card account, the agreement (including any related statement under the Truth in Lending Act) between the applicable Account Owner and the related Obligor governing that account.