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 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 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
Features of Overdraft facility: Approved credit limit: Every overdraft facility has an approved credit limit Repayable on demand at any time: An overdraft facility is not subject to any repayment as long as the amount used is within the overdraft limit.
Approved credit limit will be applied for all Supplementary Cardholders.Attach a second sheet if there are more than one Supplementary Card applicant.pREFERRED CREDIT lIMIT: S$ 0 0By signing below, I/we1.
More Definitions of Approved credit limit
Approved credit limit means the maximum advance that a financer is requiredmay provide to pay a recipient or on the recipient’s behalf 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 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 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 has the meaning given in Section 4 of this Cardholder Agreement.
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