Individual Credit Limit definition

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 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 debit balance which is allowed in respect of the individual Card issued and which forms part of the Business Credit Limit, as agreed between the Bank and the Business;
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Examples of Individual Credit Limit in a sentence

  • As soon as a Cardholder receives a Card, they may use the Card for the duration of the agreement to make Purchases and to carry out Cash Transactions up to their Individual Credit Limit or the Cash Limit,as applicable.If we tell the Accountholder, the Account can also be used for Special Transactions, such as Balance Transfers.

  • The application referred to in section 1 may concern the setting of an Individual Credit Limit for a new Coun- terparty or a change in the parameters or terms of the existing Individual Credit Limit.

  • Definitions‌ Limit Decision – decision of kuke s.a. concerning the setting, increase, decrease, maintenance, cancellation or refusal to set an Individual Credit Limit and an additional Protection+ Credit Limit, communicated to the Policyholder.

  • 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.

  • 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.

  • 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.

  • The Individual Credit Limit shall be valid from the date indicated in the Limit Decision.

  • Credit Limit – (Individual Credit Limit, Protection+ Credit Limit , Automatic Credit Limit) – maximum amount of Receivables due to the Policyholder from the Coun- terparty covered by insurance protection by kuke s.a., provided that the conditions set forth in the Insurance Agreement have been fulfilled.Individual Credit Limit – limit for a given Counterparty set at the request of the Policyholder by kuke s.a. in the Limit Decision.

  • Individual Credit Limit – the Credit Limit for the relevant Counterparty, at the request of the Policyholder, set by kuke s.a. in the Limit Decision.

  • 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.


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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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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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, Revolving Credit Exposure and outstanding Term Loans of such Lender 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 Loans and its LC Exposure at such time.