Refund Credit definition

Refund Credit means any of the (a) Change Order Credit and (b) Removed Project Credit.
Refund Credit. The insured will receive a refund credit of the finance charge if the account is voluntarily prepaid in full prior to the last installment due date. The refund shall be computed according to the Rule of 78s. However, for Texas insureds if prepayment in full occurs before the first installment due date, Afco may only keep a finance charge computed according to the following formula: Number of days from inception of the policy to prepayment in full multiplied by one month's interest computed according to the Rule of 78s divided by 30. If the refund credit is less than $1 no refund shall be made. Louisiana insureds are subject to a nonrefundable charge of $10.

Examples of Refund Credit in a sentence

  • Refund /Credit, if any obtained shall be passed on to the buyer which shall be certified by the auditor of the supplier (at the time of billing).

  • The resulting Refund Credit shall be subtracted from the Purchased Gas Adjustment (if such adjustment produces an increase) or added to such adjustment (if such adjustment produces as decrease) or added to such after receipt of such Suppliers’ Refund.

  • The Refund Credit shall be equitably apportioned between firm gas sales and optional gas sales as directed by the Georgia Public Service Commission and shall be calculated to the nearest 1/100 per CCF.

  • Refund /Credit, if any obtained shall be passed on to the buyer which shall be certified by the auditor of the supplier at the time of billing.The legally applicable rate of Excise Duty should be clearly mentioned in the Techno- Commercial bid (Cover-I).

  • Certificate from the auditor of the supplier certifying that excise duty has been paid as per prevailing excise rule, and Refund/ Credit, if any obtained shall be passed on to the buyer (wherever excise duty is applicable).

  • If the total of such Refund Credits thus applied to customers’ bills differs from the amount of the Supplier’s Refund, the difference shall be subtracted from or added to the refund amounts set forth above (according to whether such total exceeds or is less than the Suppliers’ Refund) when the next ensuing Refund Credit is computed under this Rider.

  • Refund/ Credit, if any, obtained shall be passed on to the buyer which shall be certified by the auditor of the supplier.In case of imported stores other than direct import by CCL, the firm shall give a confirmation along with their offer that a certificate from their auditor certifying that they have paid customs duty as per prevailing customs rates and refund if any shall be passed on to buyer, shall be submitted along with supplies/ bills.

  • Refund/ Credit, if any, obtained shall be passed on to the buyer which shall be certified by the auditor of the supplier.

  • It is therefore recommended that re-procurement of these services is done in two stages to ensure officers are able to run successful tender process knowing the L1 is financially viable.

  • DAOBLRCROTOT o $ Day-Ahead Obligation with Refund Credit Owner Total per CRR Owner—The total payment to CRR Owner o for its PTP Obligations with Refund settled in the DAM, for the hour.

Related to Refund Credit

  • Tax Credit means a credit against, relief or remission for, or repayment of any Tax.

  • Open-end credit means credit extended by a creditor under an agreement in which:

  • Input Tax Credit means the credit of input tax;

  • Closed-end credit means a credit transaction that does not meet the definition of open-end credit.

  • Renewable Energy Credit has the meaning set forth in California Public Utilities Code Section 399.12(h) and CPUC Decision 00-00-000, as may be amended from time to time or as further defined or supplemented by Law.

  • Unallocated annuity contract means any annuity contract or group annuity certificate which is not issued to and owned by an individual, except to the extent of any annuity benefits guaranteed to an individual by an insurer under such contract or certificate.

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

  • Liquidity Facility Provider means a Person that is a party to a Liquidity Facility with the Authority with respect to specified Bonds and whose credit rating by each nationally recognized Rating Agency then rating the Class I Bonds is sufficiently high to maintain the then current rating on such Bonds by such Rating Agency or the equivalent of such rating by virtue of guarantees or insurance arrangements.

  • child tax credit means a child tax credit under section 8 of the Tax Credits Act 2002;

  • Development Credit Agreement means the agreement of even date herewith between the Borrower and the Association for the Project, as such agreement may be amended from time to time; and such term includes all schedules and agreements supplemental to the Development Credit Agreement.

  • QFC Credit Support has the meaning specified in Section 11.21.

  • Renewable Energy Credits means a certificate, credit, allowance, green tag, or other transferable indicia, howsoever entitled, allocated, assigned or otherwise awarded or certified by any Governmental Authority, program administrator, certification board or similar entity in connection with the production or generation of each MWh of energy from the Project. For the avoidance of doubt, “Renewable Energy Credits” shall not include any ITC, State Renewable Energy Incentives or other tax benefits, credits, or incentives.

  • Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a contract in which the contractor met or exceeded his or her goals for the utilization of BEPDs in the performance of the contract.

  • Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).

  • Credit Facility Provider means the issuer of or obligor under a Credit Facility.

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Credit Enhancement Agreement means the Agreement among the Sellers, the Master Servicer, the Trustee and the Credit Enhancement Provider with respect to the Credit Enhancement.

  • Production Tax Credit or “PTC” means the tax credit for electricity produced from certain renewable generation resources described in Section 45 of the Internal Revenue Code of 1986, as it may be amended or supplemented from time to time.

  • Loan repayment means the cancellation and repayment of loans

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Five-Year Credit Agreement means the Five-Year Revolving Credit Agreement dated as of July 13, 2001 among the Borrower, the lenders party thereto and JPMorgan Chase Bank, as "Administrative Agent" under and as defined in the Five-Year Credit Agreement.

  • Company Credit Agreement means that certain Credit Agreement, dated as of March 8, 2019, among the Company, as borrower, the guarantors from time to time party thereto, the lenders and issuing banks from time to time party thereto and Bank of America, N.A., as administrative agent.

  • Tax Credits means the low-income housing tax credits found in Section 42 of the Code, and all rules, regulations, rulings, notices and other promulgations thereunder.

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Shopping credit means an amount deducted from the bill of an