Approved credit limit definition
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 toa recipient or on the recipient’s behalf under a commercial open-ended credit plan agreement or asset-based lending transaction agreement., not including anyprevious distributions advanced to a recipient or on a recipient’s behalf, 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 advances secured by inventory, accounts receivable, or others), and advances
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).
More Definitions of Approved credit limit
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 amount corresponding to the applicable Approved Foreign Account Debtor set forth in the table below: 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 total credit limit as approved by MariBank from time to time in respect of a MBL.
Approved credit limit has the meaning given in Section 4 of this Cardholder Agreement.
Approved credit limit means the total credit limit as approved by MariBank from time to time in respect of a Mari Business Loan.