Obligor Limit Clause Samples

Obligor Limit. The definition of “Obligor Limit” is hereby amended to add the following proviso at the end of the first sentence therein: “, and provided, further, that notwithstanding the foregoing, with respect to Accenture Ltd., so long as Accenture Ltd. has (i) an unsecured long-term debt rating (or equivalent shadow rating) of “A+” or better from S&P and (ii) either no unsecured long-term rating from M▇▇▇▇’▇ or an unsecured long-term rating of “A1” or better from M▇▇▇▇’▇, Accenture Ltd. shall have an Obligor Limit of 6% of the Aggregate Receivable Balance.”
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Obligor Limit. The definition of “Obligor Limit” is deleted in its entirety and the following is substituted therefor:
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Obligor Limit. Obligor Short-Term Rating (S&P / ▇▇▇▇▇'▇) Obligor Long-Term Rating (S&P / ▇▇▇▇▇'▇) Obligor Limit
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Related to Obligor Limit

  • Transaction Limits You understand and acknowledge that your use of the Services is subject to a limit on volume (in fiat currency terms) that you may transact in a given time period. Such limits may vary, at our sole discretion, depending on a variety of factors, and we may apply higher limits to certain Account holders at our discretion.

  • Financial Limit 3.1 Payments under this Call-down Contract shall not exceed £ 2,560,000 GBP Two Million five hundred and sixty thousand pounds only (“the Financial Limit”) and is exclusive of any government tax, if applicable as detailed in Annex B.

  • Transaction Limitations Once Your Account is established, You may not make additional deposits prior to the Maturity Date. Maturity Date. Your Account will mature after the term indicated on the accompanying Account Disclosure Rate Supplement.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Minimum Amounts and Maximum Number of Tranches All borrowings, prepayments, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising each Eurodollar Tranche shall be equal to $10,000,000 or a whole multiple of $1,000,000 in excess thereof. In no event shall there be more than five Eurodollar Tranches outstanding at any time.