Credit Pool definition

Credit Pool. As defined in Section 2.04(b).
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Credit Pool means the credit pool made available by Digi containing the Credit Limit redeemed by the Partner in advance after which the Partner shall pay Digi for the utilised credit amount.
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Examples of Credit Pool in a sentence

  • This Credit Pool will be available to offset any order cancellation charges which Customer incurs during the Term after the 11th Amendment Agreement.

  • Unless otherwise directed by the Administrator and approved by the Agent Plan Administrative Committee in any Plan Year and communicated to Participants, Bonus Credits forfeited under Article V do not become a part of the Forfeiture Credit Pool.

  • The rules, regulations, guidelines and restrictions for the Points Credit Pool are set forth in the Directory.

  • In the 2nd month following the 11th Amendment Effective Date, Company will establish a Credit Pool equal to $10,000.

  • Forfeited Matching Credits and/or certain Bonus Credits and/or Dividend Credits shall be accumulated into a Forfeiture Credit Pool to be allocated and posted pursuant to Section 4.4.

  • Founder's Credits shall be subject to the same terms and conditions as Matching Credits, PROVIDED, HOWEVER, that Founder's Credits forfeited under Article V shall not become a part of the Forfeiture Credit Pool.

  • For the supply of each Commercial OLED Chemical, UDC shall pay PPG at the rate of [The confidential material contained herein has been omitted and has been separately filed with the Commission.] PPG's Commercial OLED Material Cost, subject to adjustment based on the Credit Pool described in Section 6.5 below.

  • Effective on the date of this Amendment, HSD shall create a credit account in the amount of $4,000,000 for the benefit of SMS (the "Flexible Credit Pool").

  • Credits may be taken against the Flexible Credit Pool as determined by SMS, including without limitation the support of the Parties' efforts to address the European Payor Organization market.

  • For each month the ongoing Service Levels are in effect, a Service Level Credit Pool (“Credit Pool”) provides an incentive for Benefitfocus to meet or exceed the Service Levels.

Related to Credit Pool

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.