Credit Program Clause Samples
The Credit Program clause establishes the terms under which a party may receive credits, such as financial incentives or allowances, typically in relation to purchases, usage, or performance under the agreement. It outlines the criteria for earning credits, the process for applying them, and any limitations or expiration conditions that may apply. This clause serves to incentivize certain behaviors or transactions and provides a clear framework for how credits are managed, thereby reducing disputes and ensuring both parties understand the benefits and obligations associated with the credit program.
Credit Program. (a) Beginning as of the Closing Date, Bank shall originate new Private Label Accounts and issue new Private Label Credit Cards to Applicants that qualify for approval under the Risk Management Policies, and shall extend credit to such new Cardholders subject to the Risk Management Policies and otherwise in accordance with this Agreement. Bank shall not originate new Co-Branded Accounts, except as mutually agreed upon by the parties.
(b) Subject to the Risk Management Policies, Bank shall continue to extend credit to existing Cardholders (and shall continue to offer existing credit lines at a minimum, subject to the Risk Management Policies), through the same type of Credit Card held by the existing Cardholder on the Closing Date (i.e., Co-Branded Credit Card Cardholders will continue to have a Co-Branded Credit Card and Private Label Credit Card Cardholders will continue to have a Private Label Credit Card). Bank shall not convert Private Label Credit Cards to Co-Branded Credit Cards or Co-Branded Credit Cards to Private Label Credit Cards, except as mutually agreed upon by the parties.
(c) In accordance with the Risk Management Policies, Bank shall have the right, power and privilege to review periodically the creditworthiness of Cardholders to determine the credit limits to be made available to individual Cardholders and whether or not to suspend or terminate credit privileges of any Cardholder.
Credit Program. All unit members employed during intersession in the credit program shall be paid at ninety-five percent (95%) of their salary on the credit salary schedule, prorated as determined by workload assignment. Unit members shall not exceed step 20 for intersession placement.
Credit Program. Beginning as of the Effective Date, Bank shall offer Private Label Credit Cards to qualified customers in accordance with this Agreement and the Credit Card Agreement.
Credit Program. (a) Beginning as of the Effective Date, Bank shall offer and issue the FDS Credit Cards (other than the Employee Accounts, which shall be offered and issued by FDS Bank and administered in accordance with this Agreement), and shall issue (or arrange to be issued by an Affiliate or another third party acceptable to FDS or currently offering such products on Bank’s behalf) the Approved Ancillary Products. Bank shall promptly open a new Account and issue a new Private Label Credit Card or Co-Branded Credit Card with respect to each Credit Card Application approved in accordance with the Risk Management Policies.
(b) The credit program with respect to all Employee Accounts is set forth in Schedule 2.1(b).
(c) To the extent approved in accordance with the terms of this Agreement, in addition to the FDS Credit Cards and Approved Ancillary Products, the Program shall include such other Ancillary Products and other payment products as shall be incorporated in the Program in the future.
Credit Program. (a) Beginning as of the Closing Date, Bank shall originate new Private Label Accounts and issue new Private Label Credit Cards to Applicants that qualify for approval under the Risk Management Policies, and shall extend credit to such new Cardholders subject to the Risk Management Policies and otherwise in accordance with this Agreement. Bank shall not originate new Co-Branded Accounts, except as mutually agreed upon by the parties.
(b) Subject to the Risk Management Policies, Bank shall continue to extend credit to existing Cardholders (and shall continue to offer existing credit lines at a minimum, subject to the Risk Management Policies), through the same type of Credit Card held by the existing Cardholder on the Closing Date (i.e., Co-Branded Credit Card Cardholders will continue to have a Co-Branded Credit Card and Private Label Credit Card Cardholders will continue to have a Private Label Credit Card). [*]
(c) In accordance with the Risk Management Policies, Bank shall have the right, power and privilege to review periodically the creditworthiness of Cardholders to determine the credit limits to be made available to individual Cardholders and whether or not to suspend or terminate credit privileges of any Cardholder.
Credit Program. Resident acknowledges Resident shall be enrolled in Landlord’s credit reporting program, RentPlus a credit reporting and financial tool provided by Simplified Business Group, LLC, doing business as Rent Dynamics, (“RentPlus”) to report Resident’s Monthly Installments due under the Contract to one or more consumer reporting agencies (e.g., Equifax, TransUnion, and/or Experian) (the “Credit Program”). By participating in the Credit Program, the timeliness and completeness of Resident’s payments under the Contract shall be reported by RentPlus to one or more credit reporting agencies. Enrollment in the Credit Program is subject to the terms and conditions set forth in this Addendum and the RentPlus Terms of Use that can be found at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇-▇▇-▇▇▇.. The Credit Program services and fees may be altered, changed, terminated or otherwise modified by RentPlus with thirty (30) days’ advance notice to Resident. Resident hereby acknowledges and agrees that Transunion may provide individual credit reports to RentPlus solely for the purpose of tracking changes to Resident’s credit score over periods of time in order to measure the effectiveness of the Credit Program, and such credit score information will be available to Resident in the RentPlus resident portal for so long as Resident is enrolled in the Credit Program. For more information about the Credit Program, Resident shall refer to the FAQs located at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇/.
Credit Program. 17 2.2 Exclusivity.................................................................................... 17 2.3
Credit Program. Beginning as of the Effective Date, Bank shall offer and issue the FDS Credit Cards, and shall issue (or arrange to be issued by an Affiliate or another third party acceptable to FDS or currently offering such products on Bank’s behalf) the Approved Ancillary Products. Bank shall promptly open a new Account and issue a new Private Label Credit Card or Co-Branded Credit Card with respect to each Credit Card Application approved in accordance with the Risk Management Policies. In addition, in the case of any employee of FDS or any of its Subsidiaries who applies for an FDS Credit Card but is not approved for a Private Label Account in accordance with the Risk Management Policies, Bank shall arrange for an Affiliate to offer, or cause to be offered, and Bank shall issue, or arrange for the issuance by an Affiliate of, a Prepaid Employee Account. To the extent approved in accordance with the terms of this Agreement, in addition to the FDS Credit Cards and Approved Ancillary Products, the Program shall include such other Ancillary Products and other payment products as shall be incorporated in the Program in the future.
Credit Program. During the period commencing [*] after delivery of the first Aircraft under the Purchase Agreement of which this is an Attachment and ending [*] after such delivery, Embraer will, [*] offer a credit for new and unused IP Spares manufactured by Embraer (i) which have been supplied by Embraer as IP Spares for the Aircraft subject of this Agreement and (ii) which are surplus to Buyer´s needs. Such credit may be used toward the purchase of Spares manufactured by Embraer, Technical Publications or Services (excluding training) offered by Embraer.
a.1 Exceptions: Embraer will not issue credits for IP Spares which were purchased by Buyer in excess to or differently from the IP Spares recommended in writing by Embraer to Buyer by the IPL as initial provisioning for the Aircraft and for IP Spares which have become obsolete or have been superseded by another part as a result of (i) Buyer’s modification of an Aircraft for which the IP Spares were purchased; (ii) Embraer design improvements (except for IP Spares which have become obsolete because of a defect in design); (iii) IP Spares which are shelf-life limited; (iv) damaged IP Spares; or (v) IP Spares that were not properly stored.
Credit Program. (a) Beginning as of the Effective Date, Bank shall offer Private Label Credit Cards to qualified customers in accordance with this Agreement and the Cardholder Agreement.
(b) Beginning as of the Effective Date, or such later date as shall be agreed by the Marketing Committee, the terms and conditions for new Accounts shall be those specified in Schedule 2.2 hereto.