Credit values Clause Samples

The 'Credit values' clause defines the specific numerical or monetary worth assigned to credits within an agreement or system. In practice, this clause outlines how credits are calculated, what each credit represents in terms of value, and the conditions under which credits may be earned, used, or redeemed. By clearly establishing the value of credits, this clause ensures transparency and consistency in transactions involving credits, preventing disputes and misunderstandings about their worth.
Credit values. 31.5.1 One (1) semester unit of college or university study has a value of one (1) unit. 31.5.2 One (1) semester unit of community college study has a value of one (1) unit. 31.5.3 Fifteen (15) hours of adult school study has a value of one (1) unit. 31.5.4 Fifteen (15) hours of workshops, institutes, seminars, or conferences has a value of one (1) unit. 31.5.5 Twenty-five (25) hours of project, research, or independent study (a written report must be submitted upon completion of study to the Professional Growth Committee) has a value of one (1) unit.
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Credit values. The credit for each IP Spare to be issued by Embraer will be: **Material Redacted** an amount equal to **Material Redacted**.
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Credit values. Many LASER qualifications are assigned a credit value. Credit values are based on Total Qualification Time (TQT – see section 11 above) for the qualification, divided by 10. For example, a qualification with a TQT of 70 will have a credit value of 7 (70 divided by 10).
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Credit values. The credit for each spare part to be issued by Embraer will be: (i) an amount equal to [*] or (ii) an amount equal to [*], whichever is less.
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Credit values. The credit for each IP Spare to be issued by Embraer will be: (i) an amount equal to [*] or (ii) an amount equal to [*] whichever is less.
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Related to Credit values

  • Interest Rates and Letter of Credit Fee Rates Payments and Calculations (a) Interest Rates. Except as provided in Section 2.13(c) and Section 2.15(a), all Obligations (except for the undrawn portion of the face amount of Letters of Credit) that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal to the lesser of (i) the LIBOR Rate plus the Applicable Margin, or (ii) the maximum rate of interest allowed by applicable laws; provided, that following notice to Borrower in accordance with Section 2.15(a) hereof, all Obligations that have been charged to the Loan Account pursuant to the terms hereof shall bear interest at a per annum rate equal, during the duration of the circumstances described in Section 2.15(a), to the lesser of (A) the Base Rate plus the Applicable Margin as calculated pursuant to Section 2.15(a) or (B) the maximum rate of interest allowable by applicable laws.

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the “Facility No. 1 Commitment”) is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a revolving line of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 1

  • Revolving Committed Amount If at any time after the Closing Date, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus outstanding LOC Obligations shall exceed the Revolving Committed Amount, the Borrower shall immediately prepay the Revolving Loans and Swingline Loans and (after all Revolving Loans and Swingline Loans have been repaid) Cash Collateralize the LOC Obligations in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (vii) below).

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation, or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.

  • Unused Revolving Line Facility Fee A fee (the “Unused Revolving Line Facility Fee”), payable quarterly, in arrears, on a calendar year basis, in an amount equal to one quarter of one percent (0.25%) per annum of the average unused portion of the Revolving Line, as determined by Bank. Borrower shall not be entitled to any credit, rebate or repayment of any Unused Revolving Line Facility Fee previously earned by Bank pursuant to this Section notwithstanding any termination of the Agreement or the suspension or termination of Bank’s obligation to make loans and advances hereunder; and