Common use of Customer Account Credit Limit Clause in Contracts

Customer Account Credit Limit. For each Commercial Card Product selected by the Customer, Royal Bank will set a Customer Account Credit Limit. The Customer Account Credit Limit represents the maximum credit available for all Cardholder Accounts under each Customer Account. The Customer must observe the Customer Account Credit Limit, such that amounts owing on all Cardholder Accounts under each Customer Account must not exceed the Customer Account Credit Limit. However, Royal Bank may, from time to time (but is not required to), permit the Debt to exceed the Customer Account Credit Limit. Royal Bank may also, at any time, refuse to permit the Debt owing on a Customer Account to exceed the Customer Account Credit Limit and require the Customer to pay any balances which exceed the Customer Account Credit Limit immediately. The Customer may request an increase to one or more Customer Account Credit Limits by contacting Royal Bank, as long as the sum of all Customer Account Credit Limits and Business Card Product account credit limits remains less than, or equal to, the Card Facility Credit Limit, or the Total Credit Limit when applicable. Royal Bank may increase or decrease any Customer Account Credit Limit at any time, without prior notice to the Customer.

Customer Account Credit Limit. For each Commercial Card Product selected by the Customer, Royal Bank will set a Customer Account Credit Limit. The Customer Account Credit Limit represents the maximum credit available for all Cardholder Accounts and VPA Accounts under each Customer Account. The Customer must observe the Customer Account Credit Limit, such that amounts owing on all Cardholder Accounts and VPA Accounts under each Customer Account must not exceed the Customer Account Credit Limit. However, Royal Bank may, from time to time (but is not required to), permit the Debt to exceed the Customer Account Credit Limit. Royal Bank may also, at any time, refuse to permit the Debt owing on a Customer Account to exceed the Customer Account Credit Limit and require the Customer to pay any balances which exceed the Customer Account Credit Limit immediately. The Customer may request an Royal Bank to increase or decrease one or more Customer Account Credit Limit(s) at any time by contacting Royal Bank. Any increase to one or more Customer Account Credit Limits by contacting Royal Bank, Limit(s) is possible as long as the sum of all Customer Account Credit Limits and Business Card Product account account(s) credit limits remains less than, or equal to, the Card Facility Credit Limit, or the Total Credit Limit when applicable. Royal Bank may increase or decrease any Customer Account Credit Limit at any time, without prior notice to the Customer.

Customer Account Credit Limit. For each Commercial Card Product selected by the Customer, Royal Bank will set a Customer Account Credit Limit. The Customer Account Credit Limit represents the maximum credit available for all Cardholder Accounts under each Customer Account. The Customer must observe the Customer Account Credit Limit, such that amounts owing on all Cardholder Accounts under each Customer Account must not exceed the Customer Account Credit Limit. However, Royal Bank may, from time to time (but is not required to), permit the Debt to exceed the Customer Account Credit Limit. Royal Bank may also, at any time, refuse to permit the Debt owing on a Customer Account to exceed the Customer Account Credit Limit and require the Customer to pay any balances which exceed the Customer Account Credit Limit immediately. The Customer may request an Royal Bank to increase or decrease one or more Customer Account Credit Limit(s) at any time by contacting Royal Bank. Any increase to one or more Customer Account Credit Limits by contacting Royal Bank, Limit(s) is possible as long as the sum of all Customer Account Credit Limits and Business Card Product account account(s) credit limits remains less than, or equal to, the Card Facility Credit Limit, or the Total Credit Limit when applicable. Royal Bank may increase or decrease any Customer Account Credit Limit at any time, without prior notice to the Customer.

Customer Account Credit Limit. For each Commercial Card Product selected by the Customer, Royal Bank will set a Customer Account Credit Limit. The Customer Account Credit Limit represents the maximum credit available for all Cardholder Accounts under each Customer Account. The Customer must observe the Customer Account Credit Limit, such that amounts owing on all Cardholder Accounts under each Customer Account must not exceed the Customer Account Credit Limit. However, Royal Bank may, from time to time (but is not required to), permit the Debt to exceed the Customer Account Credit Limit. Royal Bank may also, at any time, refuse to permit the Debt owing on a Customer Account to exceed the Customer Account Credit Limit and require the Customer to pay any balances which exceed the Customer Account Credit Limit immediately. The Customer may request an increase to one or more Customer Account Credit Limits by contacting Royal Bank, as long as the sum of all Customer Account Credit Limits and Business Card Product account credit limits remains less than, or equal to, the Card Facility Credit Limit, or the Total Credit Limit when applicable. Royal Bank may increase or decrease any Customer Account Credit Limit at any time, without prior notice to the Customer.