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
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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

  • The credit limit for each Discretionary Obligor shall be the Discretionary Limit unless the list of Discretionary Obligors specifies a lower credit limit in respect of such Discretionary Obligor in which case such credit limit shall apply to such Discretionary Obligor.

  • We may also agree to give you Discretionary Limit Approval on the terms of which you may yourself establish Credit Limits in respect of specific Debtors up to the Discretionary Limit.

  • You may apply for a CAP Limit on any Buyer on which you have an existing Permitted Limit, excluding cover qualified per the Discretionary Limit Endorsement or EZ Cover Endorsement and temporary Permitted Limits.

  • Credit Limit: in respect of any Debtor whose Debts you wish to become Credit Protected Debts, such credit limit as may be established by us by a Credit Decision Advice given to you or, if you have been given Discretionary Limit Approval, the Discretionary Limit.

  • A CAP Limit is a Permitted Limit issued to you for a Buyer on which you have an existing Permitted Limit, excluding cover qualified per the Discretionary Limit Endorsement or EZ Cover Endorsement, and temporary Permitted Limits.


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.
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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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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 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).

  • 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.

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

  • 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.

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