Limits Notice definition

Limits Notice means the most recent effective notice in, or substantially in the form, of Exhibit 2 hereto; provided that, for the avoidance of doubt, any revision of the limits, parameters and/or requirements set out in a Limits Notice or termination of a Limits Notice shall not be construed as an amendment or modification of the FIA-ISDA Cleared Derivatives Execution Agreement for the purposes of Paragraph 14 thereof.

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Limits Notice. The total dollar amount of contributions for pre-tax, after-tax or a combination of the two in 2025 cannot exceed $23,500 or, if you are age 50 or older this year, $31,000 or, if you are age 60-63 this year, $34,750.

Examples of Limits Notice in a sentence

• Each Limits Notice shall supplement, be governed by, and form a part of this Agreement.

• Party A may enter into certain Derivatives Transactions and Party A’s Clearing Member hereby agrees that it will accept, and act as Party A’s Clearing Member in respect of, those Derivatives Transactions that fall within the conforming derivatives transactions types, position/credit limits, and other additional provisions set out in the Limits Notice (“Conforming Derivatives Transactions”).

• For the purposes hereof, and in respect of a Derivatives Transaction, a “Limits Notice” means the most recent effective notice in, or substantially in the form, of Exhibit 2 hereto; provided that, for the avoidance of doubt, any revision of the limits, parameters and/or requirements set out in a Limits Notice or termination of a Limits Notice shall not be construed as an amendment or modification of the FIA-ISDA Cleared Derivatives Execution Agreement for the purposes of Paragraph 14 thereof.