Commercial Credit Card definition

Commercial Credit Card means a Credit Card that is issued pursuant to a business card or commercial card application; not including a Debit Card.
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Commercial Credit Card means a Credit card that is intended for use by SMEs for business purposes.
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Examples of Commercial Credit Card in a sentence

  • X Yes No If the client has a Commercial Credit Card account, there must be at least one Program Administrator identified below.

  • In no way limiting the Issuer’s termination rights provided below, the undersigned acknowledges that the Issuer may suspend or terminate your Commercial Credit Card for any of the following reasons: (a) the Holder materially breach the terms of this Agreement and fails to cure the breach within 10 business days after the Issuer notified you in written form; (b) if we suspect misconduct or you use the service in a way that may cause legal liability.

  • A summary of facilities (the “Facilities”) is as follows: NZ$ New Facilities Flexible Credit Facility Term Facility Existing Facilities Commercial Credit Card Facility BBIR Overdraft Facility Total Limits $500,000.00 $34,500,000.00 $30,000.00 $200,000.00 $35,230,000.00 2.

  • The Commercial Credit Card Facility is not subject to any provisions of this Facility Agreement, other than as provided in the separate documentation mentioned above.

  • You will be in default if you make any false or misleading statements within the Commercial Credit Card Application or any required credit updates.

  • Revenue Share payout is only applicable if the Commercial Credit Card Program is still active and in good standing at time of calculation.

  • The Commercial Credit Card Account shall have an initial active period of four (4) years from the date of issuance and shall automatically renew at the end of the four (4) year period, unless terminated at the sole discretion of the Bank.

  • You agree to adhere to the Commercial Credit Card Rebate Agreement.

  • The renewal of the Commercial Credit Card Account will be conditioned on the renewal of the Loan Documents, including the Promissory Note.

  • In order to elect virtual card payments as part of the Integrated Payables Service, you must have executed an Application and Rebate Agreement, accepted the Commercial Credit Card Terms and Conditions, and the Bank must have underwritten and approved you for a Commercial Line of Credit.

Related to Commercial Credit Card

  • Credit card means any card, plate, coupon book, or other credit device ex- isting for the purpose of obtaining money, property, labor, or services on credit.

  • Private label credit card means any charge card, credit card, or other instrument serving a similar purpose that carries, refers to, or is branded with the name or logo of a vendor and that can only be used for purchases from the vendor.

  • Credit/Debit Card means a thin plastic card that contains identification information, with the help of which the cardholder can pay for purchases and services, as well as withdraw cash from the account.

  • Universal Credit means any payment of Universal Credit payable under the Welfare Reform Act 2012, the Universal Credit Regulations 2013, The Universal Credit (Consequential, Supplementary, Incidental and Miscellaneous Provisions) Regulations 2013, Universal Credit (Miscellaneous Amendments) Regulations 2013 and the Universal Credit (Transitional Provisions) Regulations 2014;

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Commercial Letters of Credit means those letters of credit subject to the UCP payable in Dollars and issued or caused to be issued by Lender on behalf of Borrower under a Loan Facility for the benefit of a supplier(s) of Borrower in connection with Borrower's purchase of goods or services from the supplier in support of the export of the Items.

  • Federal Credit means the Georgia Housing Tax Credit established by the federal government for the purpose of encouraging the development of affordable housing and governed by the Code.

  • Seller credit card means either of the following:

  • Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Borrower’s or Guarantor’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

  • financial creditor means any person to whom a financial debt is owed and includes a person to whom such debt has been legally assigned or transferred to;

  • Credit Card Advance Rate means 90%.

  • Credit Card Issuer means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Xxxxx Xxxxxxx and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. or Discover Financial Services, Inc.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Federal credit union means a credit union chartered under the Federal Credit Union Act.

  • Commercial Letter of Credit means any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by the Borrower or any of its Subsidiaries.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Original Credit Agreement shall have the meaning assigned to such term in the recitals hereto.

  • National Credit Act means the National Credit Act, 2005 (Act No. 34 of 2005);

  • Commercial LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding commercial Letters of Credit plus (b) the aggregate amount of all LC Disbursements relating to commercial Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers. The Commercial LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the aggregate Commercial LC Exposure at such time.

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

  • Card Account means the account maintained with the Bank in respect of the Card;

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

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).