Discretionary Limit definition

Discretionary Limit means the amount of credit in respect of a Buyer for which we may be liable to you under the Policy where you have justified that amount in line with the terms and conditions of the Policy and the criteria set out in this Endorsement.
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Discretionary Limit means the amount shown in the Schedule as the discretionary limit which specifies the limit up to which the Insured is not required to obtain prior acceptance or approval from the CORPORATION for availing indemnity under this cover, on advances granted under export packing credit limits sanctioned by the Insured to any of the exporters classified as ‘new’ and is yet to be classified under the extant asset classification norms of the Reserve bank of India.
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Discretionary Limit means a Primary Limit granted under your Primary Policy without the need to refer to the insurer of your Primary Policy, provided that the conditions mentioned in your Primary Policy are fulfilled.
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Examples of Discretionary Limit in a sentence

  • If the financial statement shows a positive tangible net worth (net worth minus total intangible assets) and positive operating, ordinary, and net results, you may set a Discretionary Limit up to the lesser of [25]% of the tangible net worth or the maximum Discretionary Limit applicable to the country of the Buyer specified in the Special Terms.

  • Credit Limit Means the maximum amount covered for a Buyer under this Policy as set forth in an Approved Limit or qualified as a Discretionary Limit per the terms and conditions of a Discretionary Limit Endorsement.

  • The Maximum Liability for the Policy and the Discretionary Limit Maximum Liability are not cumulative.

  • Description of the Proposed Rule ChangeIEX proposes to establish a new order type, called a Discretionary Limit order (‘‘D-Limit’’), which the Exchange explains ‘‘is designed to protect liquidity providers, institutional 22 17 CFR 200.30–3(a)(12).

  • The amount we have paid to you as Claim Payments under the Discretionary Limit Maximum Liability will also be counted towards any other applicable Maximum Liability for that Policy Period.

  • At any time, your Discretionary Limit on a Buyer cannot exceed the lesser of: - [125]% of the highest credit balance paid in full included in your positive payment experience used for justification of your Discretionary Limit; or- The maximum Discretionary Limit applicable to the country of the Buyer specified in the Special Terms.

  • You may set a Discretionary Limit on a Buyer up to the lesser of: - [125]% of the highest credit balance less VAT (Value Added Taxes) or similar sales taxes included in the positive payment experience used for justification of your Discretionary Limit, or- The maximum Discretionary Limit applicable to the country of theBuyer specified in the Special Terms.

  • You may set a Discretionary Limit to a Buyer up to [XXXXXUSD] without any justification.

  • Credit LimitMeans the maximum amount covered for a Buyer under this Policy as set forth in an Approved Limit or qualified as a Discretionary Limit per the terms and conditions of a Discretionary Limit Endorsement.

  • Pursuant to the provisions of section 19(b)(1) under the Act,3 and Rule 19b– 4 thereunder,4 the Exchange is filing with the Commission a proposed rule change to provide Members 5 the option of having Discretionary Limit orders automatically cancel or re-price in certain circumstances.The text of the proposed rule change is available at the Exchange’s website at www.iextrading.com, at the principal office of the Exchange, and at the Commission’s Public Reference Room.


More Definitions of Discretionary Limit

Discretionary Limit means the amount of credit in respect of a Buyer for which we may be liable to you under the Policy where you have justified that amount in line with the terms and conditions of the Policy and the criteria set out in this endorsement, and.
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Discretionary Limit means CAD100,000 in respect of Receivables denominated in Canadian Dollars and USD100,000 in respect of Receivables denominated in United States Dollars.
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Related to Discretionary Limit

  • discretionary use means the use of land or a building provided for in this Bylaw for which a development permit may be issued upon an application having been made;

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Discretionary Assets means (i) securities that, if distributed, would be required to be registered under the Securities Act of 1933, as amended; (ii) securities issued by entities in countries that (A) restrict or prohibit the holding of securities by non-nationals other than through qualified investment vehicles, or (B) permit transfers of ownership of securities to be effected only by transactions conducted on a local stock exchange; and (iii) any assets that, although they may be liquid and marketable, must be traded through the marketplace or with the counterparty to the transaction in order to effect a change in beneficial ownership."

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • Plan Limit means the maximum aggregate number of Shares that may be issued for all purposes under the Plan as set forth in Section 5(a) of the Plan.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Discretionary Sale The meaning specified in Section 2.14(c).

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Elective Deferrals mean Compensation and Elective Deferrals for: . [Note: The Employer must complete the blank line with the applicable time period for computing the Basic Match, such as "each payroll period," "each calendar month," "each Plan Year quarter" or "the Plan Year."]

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Actual Deferral Percentage means, for a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in the group) of (1) the amount of Employer contributions actually paid over to the Trust on behalf of the Participant for the Plan Year to (2) the Participant's Earnings for the Plan Year (or, provided that the Employer applies this method to all Employees for a Plan Year, the Participant's Earnings for that portion of the Plan Year during which he was eligible to participate in the Plan). Employer contributions on behalf of any Participant shall include: (i) his Elective Deferrals, including Excess Elective Deferrals of Highly Compensated Employees, but excluding (A) Excess Elective Deferrals of Non-Highly Compensated Employees that arise solely from Elective Deferrals made under the Plan or another plan maintained by an Affiliated Employer, and (B) Elective Deferrals that are taken into account in the Average Contribution Percentage test described in Section 5.10 (provided the ADP test is satisfied both with and without exclusion of these Elective Deferrals), and excluding Elective Deferrals returned to a Participant to reduce an Excess Amount as defined in Section 6.5(f); and (ii) if the Employer has elected to make Qualified Nonelective Contributions, such amount of Qualified Nonelective Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test; and (iii) if the Employer has elected to make Qualified Matching Contributions, such amount of Qualified Matching Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for his failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Highly Compensated Participant means any Highly Compensated Employee who is eligible to participate in the Plan.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Percentage means the percentage (which, unless the Administrator, in his or her sole discretion, determines otherwise, shall be in whole percentage increments and not more than 90%) specified by the Participant to be the percentage of each payment of Compensation he or she wishes to defer under the Plan.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Nonelective Contribution means an amount contributed by a participating

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;