Discretionary Limit definition

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.
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.
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.

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.

  • 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.

  • 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.

  • 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.

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

  • 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.

  • One additional squirt of mayonnaise on a grilled chicken sandwich will have the same effect.


More Definitions of Discretionary Limit

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.
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.

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 any Participating Employer Contributions to this Plan on behalf of Eligible Employees, provided that amounts attributable to such contributions are not distributable merely on account of the Employee’s hardship and are immediately vested.

  • 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 an Employee Contribution made by such Participant, or on account of a Participant's Elective Deferral, under a plan maintained by the Employer.

  • 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 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, with respect to a Plan Year, the ratio (expressed as a percentage) of the amount of Tax Deferred Contributions made pursuant to Section 4.01(a) and Qualified Nonelective Non-ESOP Contributions made on behalf of the Participant for the Plan Year to the Participant’s Testing Compensation for the Plan Year.

  • 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;

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.