Lower Limit means that number calculated by the formula P - e (where e is the error determined from tables 4-53) and designated as L.

Lower Limit means, in respect of any relevant Range Accrual Day, the limit specified in the applicable Final Terms.

Lower Limit for any Contract means a price of ten per cent (10%) or such other percentage as the Exchange may prescribe from time to time below the settlement price at the close of the previous Trading Day for the Contract.

Examples of Lower Limit in a sentence

Where an Upper Limit Price or Lower Limit Price is reached on a market day and is followed by another Upper Limit Price or Lower Limit Price, as the case may be on the next market day, the Exchange may maintain the trading price at the Last Done Price of the previous market day (“the said Last Done Price”) for such period as specified by the Exchange.
Seller shall make a payment to Buyer (the “SDD Administrative Charge”) for each Settlement Interval in a month if Metered Energy (i) exceeds the Performance Tolerance Band Upper Limit or (ii) is less than the Performance Tolerance Band Lower Limit, in any Settlement Interval.
An Adjustment will be calculated for each Settlement Interval in a month if the Metered Energy is either (a) less than the Performance Tolerance Band Lower Limit in any Settlement Interval or (b) greater than the Performance Tolerance Band Upper Limit in any Settlement Interval.
Substitute the correct Lower Limit and Upper Limit in the table above to determine deductibility in any particular year.
An Offer shall include an Hourly Neutral Zone Lower Limit, expressed in percentage of Hourly Maximum Energy Storage Level.

More Definitions of Lower Limit

Lower Limit means the percentage or number specified as such in the relevant Final Terms;

Lower Limit means the percentage specified as such in the applicable Final Terms;

Lower Limit means the percentage or number specified as such in the applicable Final Terms;

Lower Limit means NEGATIVE $65,100,000.

Lower Limit means, in respect of each Interest Determination Date and the related Observation Date, the figure specified in the table under the definition of "Barrier" above, in the column entitled "Barrier (k)" in the row corresponding to the date on which the related Observation Date is scheduled to fall.

Lower Limit means an amount equal to Target Working Capital minus $1,500,000.