Approved Credit definition

Approved Credit means to establish credit with the R-Board for the purpose of payment for refuse disposal at the landfill, the following is required:
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Approved Credit means the provision of sufficient credit support to the Supplier in an amount calculated by the Supplier which represents the Supplier’s excess credit exposure under GTMA trades for the duration of the payment obligations as described in Clause Error: Reference source not found.
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Approved Credit shall have the meaning set forth in Section 1.1 of the Delegated Authority Lender Agreement.
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Examples of Approved Credit in a sentence

  • The Company at its discretion may deem appropriate, from time to time, other forms of security other than a Performance Bond with an Approved Credit Rating.

  • If you attempt to make a deposit that would cause the balance of your Collateral Account to exceed your Approved Credit Limit, we may reject that deposit.

  • You may, subject to applicable Law and the Operating Regulations: (i) impose a surcharge, under certain conditions and with proper notification to a Cardholder who elects to use an Approved Credit Card (but not an Approved Debit Card) in lieu of payment by cash, check or other mode of payment; or, (ii) You may offer a discount or incentive to Your customers making payment by a preferred method.

  • Approved Credit Referencing Agency means Xxxxx’x Investors Service or Standard and Poor’s Ratings Group or such replacement agency as may be notified by the Authority from time to time for the purposes of this Schedule.

  • You must fund your Collateral Account (make a deposit to it) within sixty (60) days after we notify you of your Approved Credit Limit or we will not finalize the approval of your application and you would need to reapply for the Credit Account if you still want the Credit Account.

  • You may make deposits to your Collateral Account at any time, up to your Approved Credit Limit, subject to the limits at participating retailers stated below.

  • Subject to Clauses 4.3 and 4.4, the Service Provider shall give at least ten Business Days’ noticeprocure the execution and delivery by a bond provider with an Approved Credit Rating to the Company of its intention to carry out planned maintenance.

  • In no event shall the liability of Ex-Im Bank hereunder with respect to any Approved Credit established for any Transaction exceed the sum of the Comprehensive Guaranteed Amount and the Political Risk Guaranteed Amount for such Approved Credit.

  • For the avoidance of any doubt, the Lender and Ex- Im Bank each acknowledges and agrees that pursuant to Section 9.07, the Lender shall indemnify Ex-Im Bank for all actual damages and costs suffered by Ex-Im Bank as a result of any failure by the Lender to comply with any of its obligations under this Section 2.08 but any such failure shall in no way affect the binding nature of any Guarantee issued with respect to the relevant Approved Credit.

  • Each of the conditions precedent to first Utilization set forth in the Delegated Authority Notice with respect to such Approved Credit, if any, shall be fully satisfied or waived by both the Person bound by such condition and the Person benefiting from such condition.


More Definitions of Approved Credit

Approved Credit means an Eligible Credit for which the Lender has submitted to Ex-Im Bank a Delegated Authority Notice in accordance with Section 5.1.
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Approved Credit means to establish credit with the R-Board for the purpose of payment for refuse disposal at the landfill, the following is required:a. Deposit means guaranteeing payment in an amount equivalent to the estimated charges to be incurred in any consecutive 60-day period which must be approved by the R-Board. Minimum deposit shall be $500.
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Approved Credit. Status” means:
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Approved Credit has the meaning given such term in Schedule J.
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Related to Approved Credit

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

  • Specified Credit Party means any Credit Party that is not an “eligible contract participant” under the Commodity Exchange Act.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • Approved Lender is defined in Section 12.1.

  • Eligible Letter of Credit means, as of any date of determination thereof, a Letter of Credit which supports the purchase of Inventory, (i) which Inventory does not constitute Eligible In-Transit Inventory and for which no documents of title have then been issued, (ii) which Inventory, when completed, otherwise would constitute Eligible Inventory, (iii) which Letter of Credit has an expiry within thirty (30) days of the date of initial issuance of such Letter of Credit, and (iv) which Letter of Credit provides that it may be drawn only after the Inventory is completed and after documents of title have been issued for such Inventory reflecting the Borrower, a Subsidiary Guarantor or the Administrative Agent as consignee of such Inventory.

  • Letter of Credit Guaranty means one or more guaranties by the Administrative Agent in favor of the L/C Issuer guaranteeing or relating to the obligations of the Borrower to the L/C Issuer under a reimbursement agreement, Letter of Credit Application or other like document in respect of any Letter of Credit.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Facility Letter of Credit means a Letter of Credit issued by the Issuer pursuant to Section 2.2.

  • Acceptable Letter of Credit means a clean, unconditional, irrevocable letter of credit issued by a Wisconsin bank or any other financial institution acceptable to the commissioner which renews on an annual basis for a 3–year term unless written notice of non- renewal is given to the commissioner and the limited service health organization at least 60 days prior to the renewal date.

  • 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.

  • Administrative Borrower has the meaning set forth in Section 17.9.

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

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

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

  • 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.

  • Canadian Letter of Credit means a Letter of Credit that is issued pursuant to this Agreement for the account of the Canadian Borrower.

  • New Lender as defined in Section 2.1(c).

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Additional Credit Party means each Person that becomes a Guarantor by execution of a Joinder Agreement in accordance with Section 5.10.

  • U.S. Credit Agreement means that certain credit agreement dated as of even date herewith by and among the U.S. Borrower, as borrower, the lenders party thereto, as lenders, and the U.S. Administrative Agent, as administrative agent.

  • New Credit Agreement means the Credit Agreement, dated as of the Issue Date, by and among Level 3 Parent, LLC, Level 3 Financing, Inc., Wilmington Trust, National Association, as administrative agent, the New Credit Agreement Agent and each lender party thereto from time to time, as may be amended, restated, supplemented or otherwise modified from time to time.

  • Letter of Credit Agreement has the meaning specified in Section 2.03(a).

  • Domestic Credit Party means any Credit Party which is incorporated or organized under the laws of any State of the United States or the District of Columbia.

  • Letter of Credit Accommodations means the letters of credit, merchandise purchase or other guaranties which are from time to time either (a) issued or opened by Lender for the account of Borrower or any Obligor or (b) with respect to which Lender has agreed to indemnify the issuer or guaranteed to the issuer the performance by Borrower of its obligations to such issuer.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.