Buyer Limit definition

Buyer Limit has the meaning set forth in Section 8.3(b).
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Buyer Limit means the maximum amount of credit that an Insured may extend to a specific Buyer for Loss payable under this Policy, which amount shall not exceed the Insurer-Approved Buyer Limit or, where no such amount has been approved, the Discretionary Credit Limit per Buyer specified in Item 8.A. of the Declarations.
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Buyer Limit means the maximum amount of credit approved by the Insurer for a Buyer named in any endorsement issued to form part of this Policy or approved in accordance with the Credit Management Procedures not exceeding the Discretionary Credit Limit, or any higher amount specified in any endorsement issued to form part of this Policy.
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Examples of Buyer Limit in a sentence

  • In the event of a settlement with the Buyer involving a discount of a Contract of Sale or the sale of a Contract of Sale to a third party, all funds paid in the settlement or proceeds from the sale shall reduce the Buyer Limit irre- spective of the existence of coverage for the settled or sold Contract of Sale.

  • Buyers with Insurer-Approved Buyer Limit scheduled by Endorsement 90%Item 13.

  • Following receipt of a Wire Transfer Request, subject to the Buyer Limit (as defined below) the Buyer may wire any amount up to the Requested Amount to the specified Supplier, on the Company’s behalf, pursuant to the instructions provided by the Company, and any such amounts shall be considered as an Advance of Offering Proceeds by the Buyer to the Company.

  • After payment of a Loss under this Policy, the Insurer shall be subrogated to all the Insured’s rights of recovery against any organization or person, and the Insured shall execute and deliver all instruments and papers and do whatever else is necessary to perfect and secure such rights, in- cluding rights regarding amounts that have been applied to the Deductible or are in excess of the applicable Policy Aggregate Limit of Liability, Country Limit of Liability or Buyer Limit.

  • The Insured must retain for its own account, without recourse to any other party, the amount of the per Buyer Deductible and the amount of any payment or indebtedness owing to the Insured by any Buyer that exceeds the applicable Buyer Limit.

  • After payment of a Loss under this Policy, the Insurer shall be subrogated to all the Insured’s rights of recovery against any organization or person, and the Insured shall execute and deliver all instruments and papers and do whatever else is necessary to perfect and secure such rights, in- cluding rights regarding amounts that have been applied to the Deductible or are in excess of the applicable Policy Aggregate Limit of Liability or Buyer Limit.

  • In the event of a settlement with the Buyer involving a discount of a Contract of Sale or the sale of a Contract of Sale to a third party, all funds paid in the settle- ment or proceeds from the sale shall reduce the Buyer Limit irrespective of the existence of cov- erage for the settled or sold Contract of Sale.

  • To retain for its own account without recourse to any party the amount of the Deductible, and the amount of any payment owing to the Insured by any Buyer that exceeds the applicable Buyer Limit, unless otherwise agreed in writing by the Insurer.


More Definitions of Buyer Limit

Buyer Limit means the limit specified in writing by the Company for that BUYER or, where no such limit has been specified by the Company, then an amount not exceeding the DISCRETIONARY CREDIT LIMIT, as specified in Item VI. of the Policy Declarations, provided such amount has been approved in writing by the INSURED for that BUYER at the time of or prior to shipment.
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Related to Buyer Limit

  • Upper Limit means a specified maximum amount of costs which may be claimed under a Unit of Work, but which may be extended on application. An Upper Limit operates in the same way as a Costs Limitation;

  • Sub-Limit Defined in the Fee and Pricing Letter, which definition is incorporated herein by reference.

  • Buyer Losses shall have the meaning set forth in Section 11.1 hereof;

  • Bag limit means the maximum number of game animals, game

  • Defined Contribution Dollar Limitation means, for any Limitation Year, $46,000, as adjusted for increases in the cost-of-living under Code section 415(d). If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentence multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.

  • Retained limit means the greater of:

  • Maximum Potential Additional Dividend Liability, as of any Valuation Date, means the aggregate amount of Additional Dividends that would be due if the Corporation were to make Retroactive Taxable Allocations, with respect to any fiscal year, estimated based upon dividends paid and the amount of undistributed realized net capital gains and other taxable income earned by the Corporation, as of the end of the calendar month immediately preceding such Valuation Date and assuming such Additional Dividends are fully taxable.

  • Order limits means the limits shown on the works plans within which the authorised project may be carried out;

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Indemnity Cap has the meaning set forth in Section 9.2(b).

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Seller Losses has the meaning set forth in Section 10.2(a).

  • Overall Share Limit means the sum of (i) 4,289,936 Shares; (ii) any Shares that are subject to Prior Plan Awards that become available for issuance under the Plan pursuant to Article V; and (iii) an annual increase on the first day of each year beginning in 2019 and ending in 2028, equal to the lesser of (A) 5% of the Shares outstanding (on an as-converted basis) on the last day of the immediately preceding fiscal year and (B) such smaller number of Shares as determined by the Board.

  • Applicable Share Limit means a number of Shares equal to (A) the minimum number of Shares that could give rise to reporting or registration obligations or other requirements (including obtaining prior approval from any person or entity) of a Dealer Person, or could result in an adverse effect on a Dealer Person, under any Applicable Restriction, as determined by Dealer in its reasonable discretion, minus (B) 1% of the number of Shares outstanding.

  • Excepted Holder Limit means, provided that the affected Excepted Holder agrees to comply with the requirements established by the Board pursuant to Section 5.9(ii)(g), and subject to adjustment pursuant to Section 5.9(ii)(h), the percentage limit established by the Board pursuant to Section 5.9(ii)(g).

  • 280G Cap means an amount equal to 2.99 times Executive's "Base Period Income." This is the maximum amount which Executive may receive without becoming subject to the excise tax imposed by Section 4999 of the Code or which Company may pay without loss of deduction under Section 280G of the Code.

  • Aggregate Share Ownership Limit means not more than 9.8% in value of the aggregate of the outstanding Shares and not more than 9.8% (in value or in number of shares, whichever is more restrictive) of any class or series of Shares.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Seller Damages shall have the meaning given to such term in Section 14.3.

  • Maximum Permissible Amount The lesser of (i) $30,000 (or, if greater, one-fourth of the defined benefit dollar limitation under Code Section 415(b)(1)(A)), or (ii) 25% of the Participant's Compensation for the Limitation Year. If there is a short Limitation Year because of a change in Limitation Year, the Advisory Committee will multiply the $30,000 (or adjusted) limitation by the following fraction: Number of months in the short Limitation Year --------------------------------------------- 12

  • Title Defect Amount means, with respect to a Title Defect Property, the amount by which such Title Defect Property is impaired as a result of the existence of one or more Title Defects, which amount shall be determined as follows:

  • Aggregate Stock Ownership Limit means not more than 9.8% in value of the aggregate of the outstanding shares of Equity Stock. The value of the outstanding shares of Equity Stock shall be determined by the Board of Directors in good faith, which determination shall be conclusive for all purposes hereof.

  • Indemnity Amount means the amount of any indemnification obligation payable under the Basic Documents.

  • Plantwide applicability limitation (PAL means an emission limitation expressed in tons per year, for a pollutant at a major stationary source, that is enforceable as a practical matter and established source-wide in accordance with Chapter 19, section 011.

  • Positive beam limitation means the automatic or semi-automatic adjustment of an x-ray beam to the size of the selected image receptor, whereby exposures cannot be made without such adjustment.

  • Buyer Indemnitees has the meaning set forth in Section 8.02.