Credit Rights definition

Credit Rights means the credit rights owned by the Assignor which result from the right of the Assignor established under ERSE’s decision formalised in the document that sets out the tariffs for 2018 “Tarifas e Preços para a Energia Elétrica e outros Serviços em 2018 e Parâmetros para o Período de Regulação 2018-2020””, published on 15 December 2017 and available at www.erse.pt, and pursuant to article 73-A of Decree-Law 29/2006 and, more generically, pursuant to article 85 of the Commercial Relations Regulation (Regulamento de Relações Comerciais) currently in force as approved by ERSE, to receive, through the electricity tariffs, the Over Costs.
Sample 1Sample 2Sample 3
Credit Rights means the entitlement to fully receive the Extraordinary Deviations and its accrued interest from the National Electricity System in Portugal to be included in the electricity tariffs between January 1, 2010 and December 31, 2024 and recovered by their owner in constant monthly instalments, between February 25, 2010 and January 25, 2025, as established per Decree-Law no. 165/2008, of 21 August, Ministerial Order no. 27677/2008, of 19 September, and Ministerial Order no. 5579-A/2009, of 16 February.
Sample 1

Examples of Credit Rights in a sentence

  • The Customer agrees to assign absolutely to ANZ all the present and future rights, title, interests and benefits of the Customer in and to the receivables and proceeds payable to the Customer under or in connection with each Export Credit (Rights).

  • The lump sum is limited to 25% of what would have been the cash equivalent of the fund which would have provided the Pension Credit Rights for the Ex-Spouse.

  • Where the Ex-Spouse Participant is also entitled to benefits under the Scheme arising from Service as an employee, full commutation of the Pension Credit Rights on the grounds of triviality will only be permitted where benefits arising from Service as an employee are simultaneously commuted.

  • Quoted investments are stated at the lower of cost and market value determined on an aggregate portfolio basis by each category of investments, except that where diminution in value of a particular investment is not regarded as temporary, specific allowance is made against the value of that investment.

  • The lump sum is limited to 25% of what would have been the cash equivalent of the Pension Credit Rights at the Ex-Spouse Participant’s date of death.

  • The Trustee must confirm to the receiving scheme or arrangement that the transfer value consists wholly or partly of Pension Credit Rights for the benefit of an Ex-Spouse Participant.

  • In 2017, the Company created the Credit Rights Investment Fund ("FIDC"), which is a vehicle with the purpose of acquiring credit rights originated from the sales made by Suzano to facilitate credit to certain customers.

  • The Ex-Spouse Participant may request that the Trustee arranges a transfer of his Pension Credit Rights to another scheme approved under Chapter I Part XIV of the 1988 Act if he is already a member of that scheme or an ex- spouse participant in that scheme or to a scheme approved under Chapter IV Part XIV of the 1988 Act.

  • The Ex-Spouse Participant may request that the Trustee arranges a transfer of his Pension Credit Rights to any other scheme if the Inland Revenue’s requirements are satisfied in relation to a transfer to that scheme.

  • Full commutation of the Pension Credit Rights on the grounds of triviality or exceptional circumstances of serious ill-health is permitted when the pension first becomes payable.


More Definitions of Credit Rights

Credit Rights means the credit and real estate rights derived from any Loan Agreement, including, but not limited to, all principal and secondary rights of the Originator of such Loan Agreement in its capacity as creditor thereunder, the rights of such Originator in its capacity as mortgagee of the real estate properties in respect of which a security interest has been granted under such Loan Agreement, any rights of such Originator as beneficiary of any Insurance Policies and any other related rights and the Promissory Notes under such Loan Agreement assigned by such Originator to the Issuer; provided that no obligations of any Originator under any Loan Agreement will be included in this definition.
Sample 1
Credit Rights means the credit rights owned by the Assignor which result from the right of the Assignor established under ERSE’s decision formalised in the document that sets out the tariffs for 2019 “Tarifas e Preços para a Energia Elétrica e outros Serviços em 2019” published in December 2018 and available at www.erse.pt and in Directive no. 5/2019, of 17 December 2018, published in the Portuguese official gazette (“Diário da República”) on 18 January 2019, and pursuant to article 73-A of Decree-Law 29/2006 of 15 February, as amended and complemented from time to time and republished by Decree-Law no. 215-A/2012, of 8 October and subsequently amended by Decree-Law no. 178/2015 and by Law no. 42/2016, of 28 December and, more generically, pursuant to article 85 of the Commercial Relations Regulation approved by Regulation no. 561/2014, of 10 December published in the Portuguese official gazette on 22 December 2014, as amended by Regulation no. 632/2017, of 23 November, published in the Portuguese official gazette on 21 December 2017 (Regulamento de Relações Comerciais), to receive, through the electricity tariffs, the Over Costs;
Sample 1Sample 2
Credit Rights means the entitlement to fully receive the Extraordinary Deviations and its accrued interest from the National Electricity System in Portugal to be included in the tariffs between January 1, 2010 and December 31, 2024 and recovered by their owners in constant monthly instalments, between February 25, 2010 and January 25, 2025, as established per Decree-Law no. 165/2008, dated August 21, Ministerial Order no. 27677/2008, dated September 19, 2008 and Ministerial Order no. 5579-A/2009, dated February 18, 2009.
Sample 1
Credit Rights means the credit rights owned by the Assignor which result from the right of the Assignor established under Decree-law no. 32/2014, of 28 February to receive, through the electricity tariffs for 2017 and 2018, the portion of the CMEC annual adjustment in respect of 2012 that has not yet been reflected in the electricity tariffs, with current principal amount outstanding of € 240,869,418.00, identified in table “4-38 – Amortização e juros da dívida tarifária”, page 99 of the document “Proveitos Permitidos das Empresas reguladas do Sector Eléctrico em 2015” and in table “0-15 - Amortização e juros da dívida tarifária”, page 21 of the document “Tarifas e Preços para a Energia Eléctrica e Outros Serviços em 2015”), and as results, pursuant to article 2 of Decree-law no. 32/2014, of 28 February, from the difference between the total amount of the CMEC annual adjustment in respect of 2012 approved by Order of the Secretary of State for Energy dated of 30 December 2013 of €489,703 thousand and the amount of the CMEC annual adjustment in respect of 2012 recovered through the electricity tariffs in 2013 in the amount of €248,833 thousand (as described in paragraph “0.3.3.3 Custos Para a Manutenção do Equilíbrio Contratual”, page 16 of the document “Tarifas e Preços para a Energia Eléctrica e Outros Serviços em 2013” and detailed in paragraph “Custo Total com os CMEC”, page 70 and table “5-9 – Proveitos permitidos de Compra e Venda do Acesso à Rede de Transporte”, page 71of the document “Proveitos Permitidos das Empresas reguladas do Sector Eléctrico em 2013”) together with its accrued interest calculated pursuant to the formulae contained in Ministerial Order no. 500/2014, of 16 June, published in the Official Gazette on 26 June 2014 and the parameters of such formulae as determined by Order no. 9480/2014, of 11 July, published in the Official Gazette on 22 July 2014, as confirmed by the Energy Services Regulator’s (Entidade Reguladora dos Serviços Energéticos or the “ERSE”) to the Assignor through a letter dated 10 December 2014. The portion of Credit Rights sold and assigned by the Assignor to the Issuer on or about the Closing Date, which exclude the amounts of interest on the Credit Rights due in respect of 2014, which will only be paid in 2015 and have not been assigned to the Issuer, is herein referred to as “Receivables”. The Receivables assigned to the Issuer amount to€ 228,825,936.00, which corresponds to 95% of the total amount of the Credit Rights.The Re...
Sample 1
Credit Rights means (a) the Purchased Receivables transferred by AGCO Iberia and, thus, owned by the Company, according to the provisions of the Spanish Receivables Transfer Agreement and (b) any rights arising in favour of the Company vis-à-vis AGCO Iberia under the Spanish Receivables Transfer Agreement and any other documents executed as a result of the provisions contained in the Spanish Receivables Transfer Agreement; and
Sample 1

Related to Credit Rights

  • Letter-of-Credit Rights means "letter-of-credit rights" as such term is defined in the UCC, now owned or hereafter acquired by any Person, including rights to payment or performance under a letter of credit, whether or not such Person, as beneficiary, has demanded or is entitled to demand payment or performance.

  • Letter-of-Credit Right means a right to payment or performance under a letter of credit, whether or not the beneficiary has demanded or is at the time entitled to demand payment or performance. The term does not include the right of a beneficiary to demand payment or performance under a letter of credit.

  • Credit Risk means the risk of loss or of adverse change in the financial situation, resulting from fluctuations in the credit standing of issuers of securities, counterparties and any debtors to which insurance and reinsurance undertakings are exposed, in the form of counterparty default risk, or spread risk, or market risk concentrations;

  • Payment Intangibles “Proceeds”; “ Records”; “Securities Account”; “Securities Intermediary”; “Security Entitlement”; “Supporting Obligations”; and “Tangible Chattel Paper.”

  • Investment Property the collective reference to (i) all “investment property” as such term is defined in Section 9-102(a)(49) of the New York UCC (other than any Foreign Subsidiary Voting Stock excluded from the definition of “Pledged Stock”) and (ii) whether or not constituting “investment property” as so defined, all Pledged Notes and all Pledged Stock.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Payment intangible means a general intangible under which the account debtor's principal obligation is a monetary obligation.

  • Contract Rights means all rights of any Assignor under each Contract, including, without limitation, (i) any and all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all Contracts and (iii) any and all other rights, interests and claims now existing or in the future arising in connection with any or all Contracts.

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • Chattel Paper shall have the meaning set forth in Article 9 of the UCC.

  • General Intangibles is all “general intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all Intellectual Property, claims, income and other tax refunds, security and other deposits, payment intangibles, contract rights, options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind.

  • Supporting Obligations means supporting obligations (as such term is defined in the Code), and includes letters of credit and guaranties issued in support of Accounts, Chattel Paper, documents, General Intangibles, instruments or Investment Property.

  • Securities Accounts (i) shall mean all “securities accounts” as defined in Article 8 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4(A) under the heading “Securities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Deposit Accounts means all “deposit accounts” as such term is defined in the UCC, now or hereafter held in the name of a Debtor.

  • Tangible chattel paper means chattel paper evidenced by a record or records consisting of information that is inscribed on a tangible medium.

  • financial assets means (i) cash, (ii) securities, or (iii) a contract of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation;

  • Farm products means goods, other than standing timber, with respect to which the debtor is engaged in a farming operation and which are:

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Direct Rights means the rights referred to in Clause 2.1 (Direct Rights - Creation);

  • Credit Risk Obligation Any Collateral Obligation that, in the judgment of the Collateral Manager (which may not be called into question due to subsequent events or investment determinations made by the Collateral Manager for its other clients or investment vehicles managed by the Collateral Manager), has a material risk of declining in credit quality or price; provided that during a Restricted Trading Period, a Collateral Obligation will qualify as a Credit Risk Obligation for purposes of sales of Collateral Obligations only if (i) such Collateral Obligation has been downgraded by S&P at least one rating sub-category (which rating may include a credit estimate) or has been placed and remains on a credit watch with negative implication by S&P since it was acquired by the Issuer, (ii) the Credit Risk Criteria are satisfied with respect to such Collateral Obligation or (iii) a Majority of the Controlling Class consents to treat such Collateral Obligation as a Credit Risk Obligation.

  • General Intangible means any personal property, including things in action, other than accounts, chattel paper, commercial tort claims, deposit accounts, documents, goods, instruments, investment property, letter-of-credit rights, letters of credit, money, and oil, gas, or other minerals before extraction. The term includes payment intangibles and software.

  • Commodities Accounts (i) shall mean all “commodity accounts” as defined in Article 9 of the UCC and (ii) shall include, without limitation, all of the accounts listed on Schedule 4.4 under the heading “Commodities Accounts” (as such schedule may be amended or supplemented from time to time).

  • Securities Account is any “securities account” as defined in the Code with such additions to such term as may hereafter be made.

  • Credit Risk Manager The Murrayhill Company, a Colorado corporation.

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.