Approved credit limit means the maximum advance that a financer is required to pay a recipient under a commercial open-ended credit plan agreement or asset-based lending transaction agreement. Where the commercial open-ended credit plan agreement or asset-based lending transaction agreement requires the financer to pay different maximum advances for different categories of advance (such as advances secured by inventory, accounts receivable, or others), and advances with respect to one category of advance do not reduce the maximum advance for another category of advance, the approved credit limit means the sum of the different maximum advances for different types of legally enforceable claims.
Approved credit limit means the maximum advance that a financer may provide to a recipient or on the recipient’s behalf under athe commercial open-ended credit plan agreement or asset-based lending transaction agreement, not including any previous distributions advanced to a recipient or on a recipient’s behalf under the agreement, to the extent those distributions have been repaid . Where the commercial open-ended credit plan agreement or asset-based lending transaction agreement requires the financer to pay different maximum advances for different categories of advance (such as
Approved credit limit means the Australian dollar amount specified by the Company in its acceptance of the Customer’s credit application (as amended by notice to the Customer in writing from time to time).
Examples of Approved credit limit in a sentence
If you attempt to make a deposit that would cause the balance of your Collateral Account to exceed your Approved Credit Limit, we may reject that deposit.
You must fund your Collateral Account (make a deposit to it) within sixty (60) days after we notify you of your Approved Credit Limit or we will not finalize the approval of your application and you would need to reapply for the Credit Account if you still want the Credit Account.
You may make deposits to your Collateral Account at any time, up to your Approved Credit Limit, subject to the limits at participating retailers stated below.
If we approve your application, the Approved Credit Limit for your Credit Account will be disclosed to you both at the time of approval and when we send you your Card.
Your initial total Credit Limit will be equal to the lesser of your Approved Credit Limit or the amount you deposit to your Collateral Account, subject to a minimum deposit requirement of $200.
More Definitions of Approved credit limit
Approved credit limit means the maximum advance that a financer may provide to a recipient or on the recipient’s behalf under the open-end commercial financing agreement, a lease financing agreement, or asset‐ based lending transaction agreement, not including any previous distributions advanced to a recipient or on a recipient’s behalf under the agreement, to the extent those distributions have been repaid. Where the commercial open‐ended financing agreement or asset‐based lending transaction agreement requires the financer to pay different maximum advances for different categories of advance (such as advances secured by inventory, accounts receivable, or others), approved credit limit means the total maximum advance that a financer may provide to a recipient for all categories of advance, not including any previous distributions advanced to a recipient or on the recipient’s behalf under the agreement, to the extent those distributions have been repaid.
Approved credit limit means the maximum advance a recipient can receive under a commercial open-ended credit plan or asset-based lending transaction.
Approved credit limit means the total credit limit as approved by MariBank from time to time in respect of a Mari Business Loan.
Approved credit limit has the meaning given in Section 4 of this Cardholder Agreement.
Approved credit limit means the amount corresponding to the applicable Approved Foreign Account Debtor set forth in the table below: Approved Foreign Account Debtor Approved Credit Limit Sonatrach Division Production - Algeria $3,000,000 C. petrobas $500,000 ONGC $300,000 E.N.S.P. - Algeria $1,250,000 Total E & P - Congo $1,000,000
Approved credit limit means the maximum advance that a financer may provide to a recipient or on the recipient’s behalf under a commercial open-ended credit plan agreement or asset-based lending transaction agreement., not including any previous
Approved credit limit means the maximum advance that a financer may provide to a recipient or on the recipient’s behalf under an open-end commercial financing agreement, a lease financing agreement, or asset‐ based lending transaction agreement. Where the commercial open‐ended financing agreement or asset‐based lending transaction agreement requires the financer to pay different maximum advances for different categories of advance (such as advances secured by inventory, accounts receivable, or others), and advances with respect to one category of advance do not reduce the maximum advance for another category of advance, the approved credit limit means the sum of the different maximum advances for different types categories of advance.