Individual Credit Limit definition

Individual Credit Limit means the maximum debit balance that we will allow on an individ- ual Card, which we will notify, to you and the relevant Cardholder from time to time;
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Individual Credit Limit means the maximum amount which a Cardholder may use for Transactions at any one time.
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Individual Credit Limit means the maximum principal amount of any Approved Credit, and shall be set forth in the Delegated Authority Approval.
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Examples of Individual Credit Limit in a sentence

  • If Company has selected the option for Cash Advances, Bank may designate that only a portion of any Individual Credit Limit is available for Cash Advances.

  • Bank does not have to honor any Purchase or Cash Advance that would cause the outstanding balance on the Central Account or Subaccount (including interest and fees) to exceed the applicable Company or Individual Credit Limit.

  • Company understands that once an applicable Individual Credit Limit or an activity limit is reached with respect to that Subaccount, Bank has no obligation to honor further uses of the Card associated with that Subaccount until Bank has received sufficient payment on the Subaccount, the applicable time period has expired, or Company has notified Bank of a change to the Subaccount restrictions and Bank has had a reasonable opportunity to act on that notice.

  • If Bank makes this designation, any reference in this Agreement to the Individual Credit Limit shall be considered a reference to both the total Individual Credit Limit and any limits on Cash Advances, unless otherwise specified.

  • If Company has selected the option for Cash Advances, Bank may designate that only a portion of the Company Credit Limit and any Individual Credit Limit is available for Cash Advances.

  • Company agrees to advise each Cardholder and Authorized User of the Individual Credit Limit and any activity limits applicable to that Subaccount, including but not limited to restrictions relating to the maximum number of transactions or maximum total dollar amounts permitted during a specified period of time.

  • If the total Cash Advances charged to a Subaccount exceed the designated limit on Cash Advances, the Subaccount will be considered to have exceeded the Individual Credit Limit for all purposes of this Agreement.


More Definitions of Individual Credit Limit

Individual Credit Limit means the maximum debit balance that we will allow on an individual
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Related to Individual 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.

  • Total Credit Exposure means, as to any Lender at any time, the unused Commitments and Revolving Credit Exposure of such Lender at such time.

  • 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.

  • Commitment Percentage is set forth in Schedule 1.1, as amended from time to time.

  • Outstanding Credit Exposure means, as to any Bank at any time, the sum of (i) the aggregate principal amount of its Loans outstanding at such time, plus (ii) an amount equal to its Pro Rata Share of the LC Obligations at such time.

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

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Revolving Commitment Percentage means, for each Lender, a fraction (expressed as a decimal) the numerator of which is the Revolving Commitment of such Lender at such time and the denominator of which is the Aggregate Revolving Committed Amount at such time. The initial Revolving Commitment Percentages are set out on Schedule 2.1(a).