Xxxxxx Limit Sample Clauses

Xxxxxx Limit. Cardholder shall not use the Card or permit the use of Related Cards to obtain Credit Purchase or Loans which will increase Cardholder's VISA indebtedness to Issuer to an amount in excess of 2% of the limit established by Issuer.
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Xxxxxx Limit. 6.1 The Bank will, at its sole discretion, determine your Credit Limit and notify you of the same from time to time. You may, however, request for a lower limit for the Card Account and for the Additional Card member. The Credit Limit assigned to an Additional Card member shall be restored to the assigned limit after every billing cycle. Your Credit Limit will also be shown on your monthly statement together with the available credit amount at the statement closing date. The Bank may at its sole discretion and/or on your request, revise the Credit Limit from time to time. 6.2 Use of the Card at Merchant Establishment will be limited by the credit limit assigned to each card Account by the Bank. In case of Additional Cards issued by the Bank, the extent of use of these Cards so issued will be limited by the Card Account's Credit Limit. The outstanding on the Card Account must not exceed the Credit Limit at any time. In the event of breach of this provision, you will be charged a fee at the prevailing rate irrespective of the amount by which you exceed the Credit Xxxxx.Xxx must repay the excess amount immediately. The above mentioned fee is subject to change at the sole discretion of the Bank. 6.3 Your Credit Limit and Card Account will be terminated if your Card is cancelled. If you fail to settle the Minimum Amount Due on or before the Payment Due Date, the Bank reserves the absolute right to withhold the facility on the Card till such time the Card Account is regularised. 6.4 In the event you make payment over and above the amount due as per the monthly statement, you shall not be entitled to interest on the said credit balance amount and the same shall be adjusted against the amount due in the subsequent monthly statement. 6.5 In the event of a customer holding an Axis Bank Credit Card and an LIC Credit Card account the credit limit extended to the customer would be capped at a customer level.
Sample 1
Xxxxxx Limit. At or near the time the Card Account is opened, we will advise you of the maximum aggregate amount of Debt that may remain outstanding at any time in the Card Account. This amount will be the Business Credit Limit for the Card Account. The Business Credit Limit is shared amount all Cards issued on the Card Account. We may, in our sole discretion, change the Business Credit Limit from time to time by providing notice to you. You may request ATB to change the Business Credit Limit at any time, however, we are not required to do so. At or near the time the Card Account is opened, you may request the Card Account to be set up either on a restricted or unrestricted basis. You may request that we change the account type after it is opened, however, we are not required to do so. We may, in our sole discretion, change the account type from time to time by providing notice to you. If the Card Account is set up on an unrestricted basis (Unrestricted Basis), each Cardholder will have access to the entire authorized Business Credit Limit. However, Cards must not be used in a manner which would cause the unpaid balance of the Card Account to exceed, at any time, the authorized Business Credit Limit of the Card Account in effect at such time unless we or our authorized agent approve the particular transaction. Although we are not required to, if we have permitted you to exceed the authorized Business Credit Limit of the Card Account, you must pay upon demand by us the amount that exceeds the Business Credit Limit and any over limit fee we may charge. The Business and each Owner remain jointly and severally (and in Quebec solidarily) liable and responsible for all Debt whether or not it exceeds the Business Credit Limit. If the Card Account is set up on a restricted basis (Restricted Basis), you may request a credit limit for each Cardholder. This is the Card Limit for each Cardholder Account. The aggregate total of all Card Limits for all Cardholders Accounts must not at any time exceed the Business Credit Limit for the Card Account. Even if you have requested the Card Account be set up on an Unrestricted Basis, we have the right to set a Card Limit for each Cardholder and we may change the Card Limit for any Cardholder from time to time. We will advise each Cardholder what their initial Card Limit is on the Card Carrier sent to them with their Card. If the account is set up on a Restricted Basis, each Cardholder will have access only to their Card Limit and once the ap...
Sample 1
Xxxxxx Limit. 5.1 The welcome letter enclosing the Credit Card will show the initial Credit Limit applicable to Cardmember's Card Account. The Credit Limit applicable on Cardmember's Card Account is inclusive of all the Add-On Cards. Cardmember's Credit Limit will also be shown on his/her Credit Card monthly statement together with the amount of available credit at the statement generation date. On card cancellation, Credit Limit on the Card Account gets cancelled. 5.2 If Credit Card's total outstanding exceeds the Credit Limit, Cardmember must make immediate payment of any excess amount above the Credit Limit. A Charge as applicable from time to time will be levied to Cardmember's Card Account if he/she exceeds his/her Credit Limit irrespective of the amount by which he/she exceeds Credit Limit. 5.3 Depending on the nature of the purchase and profile of Cardmember, the Cardmember will be permitted purchases up to or above the 'available Credit Limit' or up to or above the 'available Cash Limit' as YES BANK may determine in its absolute discretion. 5.4 The Cardmember shall not be entitled to claim any interest on credit balances on Credit Card Account. 5.5 YES BANK will review Credit Limit on the Card Account periodically and will reserve the right to decrease or unconditionally cancel the Credit Limit without any prior notice to the Cardmember. In such instance, Bank will immediately inform Cardmember about the limit reduction by SMS, followed by written letter. 5.6 Any r equest t o increase t he Credit Limit by Cardmember post the approval of the application will be reviewed by the Bank only after the Bank receives a request from the Cardmember and relevant documents that may be asked for. The Bank basis an internal review reserves the right to accept or decline the request without providing any reason whatsoever.
Sample 1

Related to Xxxxxx Limit

  • Xxxxxx Limitation The Service reserves the right to refuse to pay any Xxxxxx to whom you may direct a payment. As required by applicable law, the Service will notify you promptly if it decides to refuse to pay a Xxxxxx designated by you. as set forth in Section 13 of the General Terms (Prohibited Payments) or an Exception Payment under this Agreement.

  • Xxxxxx X Xxxxxxxx ----------------------------- Xxxxxx X. Xxxxxxxx

  • Xxxxxx, Esq Anyone to whom a notice may be given under this Agreement may designate a new address by notice to that effect given to the other party in accordance with this subsection (b). Each such notice shall be deemed given upon the receipt thereof when delivered in person and on the second business day after the mailing when sent by mail as aforesaid. (c) You understand that, upon exercise of this Option, you may recognize income for tax purposes in an amount equal to the excess of the then fair market value of the Shares purchased over the Option Price for such Shares. Your employer may withhold tax from your current compensation with respect to such income or any other income which it deems you to have received in connection therewith; to the extent that your then current compensation is insufficient to satisfy the withholding tax liability, you will be required to make a cash payment to cover such liability as a condition of exercise of this Option. (d) If this Option shall be mutilated, lost, stolen or destroyed, the Company shall issue in exchange and substitution for and upon cancellation of the mutilated Option, or in lieu of and in substitution for the Option lost, stolen or destroyed, a new Option of like tenor and denomination, but only upon receipt of evidence satisfactory to the Company of such loss, theft or destruction of such Option and such indemnity and, if requested by the Company, such bond, as shall in each case be satisfactory to the Company. You must also comply with such other reasonable requirements and pay such other reasonable charges as the Company may prescribe in connection with such issuance. (e) This Option shall be governed and construed in accordance with the substantive laws of the State of New York applicable to contracts executed, delivered and to be fully performed in the State of New York, without giving effect to contrary provisions regarding conflict of laws. (f) This Agreement shall inure to the benefit of and shall be binding upon your heirs, executors, administrators and legal representatives, and shall inure to the benefit of and be binding upon the Company and its successors and assigns. You may not assign, transfer, pledge, encumber, hypothecate or otherwise dispose of this Agreement, or any of your rights hereunder except if and to the extent expressly permitted by Section 8 of this Agreement, and any such attempted prohibited delegation or disposition shall be null and void and without effect. (g) This Agreement constitutes the complete understanding between the parties with respect to the subject matter hereof, and no statement, representation, warranty or covenant has been made by either party with respect thereto except as expressly set forth herein. This Agreement shall not be altered, modified, amended or terminated except by written instrument signed by each of the parties hereto. (h) This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. (i) The section headings contained herein are for the purposes of convenience only, are not intended to define or limit the contents of said sections and are not part of this Agreement. (j) By signing below, you hereby accept this Option subject to all of the terms and provisions hereof and acknowledge all of the representations, warranties and agreements set forth above. This Option shall not be effective until you have signed this Option and delivered it to the Company.

  • Xxxxxx Xxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxx Xxxxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxxx X Xxxxxxxx

  • Xxxxxx Xxxxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxxx Xxxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxx Xxxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxx Xxxxx Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.

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