Discretionary Credit Limit definition

Discretionary Credit Limit means the amount specified as such in the Schedule of Particulars , being a credit limit available to the Insured on every overseas Debtor save and except those debtors that are excluded, either specifically or generally, under the provisions of this Agreement. Such Discretionary Credit Limit shall not be available to Debtors who are Associate Companies of the Client;
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Discretionary Credit Limit means Five Thousand Dollars ($5,000.00)
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Discretionary Credit Limit means the maximum Credit Limit that the Insured may establish, without contacting the Insurers, by using one of the methods for establishing such a Credit Limit set out in this Credit Management Schedule.
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Examples of Discretionary Credit Limit in a sentence

  • Policy carries no Discretionary Credit Limit (DCL)Amount requested exceeds DCLCountry Limitation Schedule restricts DCL in this marketOther Renewal/Increase/Amendment of existing SBCL-Existing Final Shipment Date Do you have any ownership interest in or familial ties with the buyer?☐ Yes ☐ No(If yes, comment below) Comment: Note: If there is direct or indirect ownership, coverage is typically limited to political only.

  • The maximum Discretionary Credit Limit allowed will be listed in the Schedule, if applicable.Endorsed Credit Limit (ECL) is an endorsement issued by the Insurer and specifies the approved Allowable Credit Limit in respect of the named Insured Buyer or specifies that the Allowable Credit Limit is “Nil” or “0” reflecting that no cover is available.

  • Above the amount of the Discretionary Credit Limit, you must obtain a Credit Limit from us using the Approach portal.

  • Maximum Total Discretionary Credit Limit for all Buyers: $ Item 9.

  • Furthermore, the credit limit amount established under the Discretionary Credit Limit provisions of the Primary Policy shall not be deemed to constitute aPrimary Credit Limit.

  • Any Credit Limit issued by us will override any Discretionary Credit Limit you set yourself on the same buyer.

  • The score is then used towards consideration of granting nominal delegated credit authority (Discretionary Credit Limit) to the exporter for making smaller foreign buyer credit decisions, effectively reducing a large administrative burden on TCID staff (approximately 15,000 buyer approvals annually).

  • Huge files section with 100’s of Search Warrant, Case Summaries, Transcripts, etc….

  • Using your own trading experience with the buyer you may justify a Discretionary Credit Limit of 50% more than the highest amount (excluding any amount payable on cash in advance or secured terms) which has at any time been owed to you by the buyer on credit terms.

  • Application TypeMaximum Standard Turnaround TimeENB, ENV, ESC, ESP, MBSR, ENB Express (New &Amendments)10 calendar daysRenewal, any type of multi-buyerRenewed before policy expiration DISCRETIONARY CREDIT LIMIT AUTHORITY FOR MULTI-BUYER POLICYHOLDERS‌As explained above, the Discretionary Credit Limit (DCL) authority is a per-buyer maximum credit limit(s) issued to qualified exporters that authorizes them to commit insurance coverage without prior EXIM approval.


More Definitions of Discretionary Credit Limit

Discretionary Credit Limit means the amount specified in Item 7.A. of the Declarations, which is the maximum Buyer Limit that the Insured may establish for a Buyer without obtaining prior writ- ten consent from the Insurer.
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Discretionary Credit Limit means the amount specified in Item H. of the Declarations, which is the Buyer Limit the Insured may establish for a Buyer in accordance with the Credit Management Procedures not exceeding the amount specified in Item H. of the Declarations without obtaining prior written consent of the Insurer.
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Discretionary Credit Limit means the amount specified in Item VI. of the Policy Declarations, which is the maximum BUYER LIMIT the INSURED may establish for a BUYER without obtaining approval from the Company.
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Discretionary Credit Limit means the amount specified in the Policy schedule, which is the maximum Credit Limit the Insured may establish for a Buyer without obtaining approval from the Company.
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Related to Discretionary Credit Limit

  • FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

  • Primary Credit Facility mean the credit facility described in the Line of Credit section of this Agreement.

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Letter of Credit Limit means $5,000,000.

  • Revolving Credit Limit has the meaning set forth in the Schedule.

  • Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Availability Credit means the remedy IBM will provide for a validated Claim. The Availability Credit will be applied in the form of a credit or discount against a future invoice of subscription charges for the Service.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • 364-Day Credit Agreement means the 364-Day Credit Agreement, dated as of the date hereof, among the Borrowers, the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, as administrative agent, and the other agents party thereto.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).