Maximum Credit Limit definition

Maximum Credit Limit means, in relation to a Revolving Credit Loan, the maximum credit limit set out in the Specific Terms, as reduced in accordance with this Agreement;

Maximum Credit Limit means, with respect to any Revolving Facility Borrower, an amount that the aggregate outstanding principal amount (or the Dollar Equivalent thereof if not denominated in Dollars) of its Revolving Facility Loans and Swingline Loans (if any) plus the maximum stated amount (or the Dollar Equivalent thereof if not denominated in Dollars) of outstanding RF Letters of Credit issued for its account may not exceed.

Maximum Credit Limit means the maximum amount of the Line of Credit set forth in the Application, as the same may be increased from time to time by Lender by written notice to You.

Examples of Maximum Credit Limit in a sentence

• You agree we are not obligated to extend to you credit for any amount that would cause your outstanding balance to exceed your Maximum Credit Limit, or for any amount if your outstanding balance already exceeds your Maximum Credit Limit.

• Any increase in your Maximum Credit Limit requested by you will require you to make a written application for our approval.

• You agree that the Maximum Credit Limit will at no time exceed the agreed upon amount, and that any credit balance will not be available or increase the Maximum Credit Limit available for new purchases or cash advances during any billing cycle.

• Maximum Credit Limit – The lesser of the applicable percentage of TNW or the applicable credit limit cap as specified in Section 6.4 of this Agreement.

• If the Loan is a Revolving Credit Loan, the Borrower may throughout the Term, provided no Event of Default has occurred, borrow an amount equal to the Maximum Credit Limit less any amounts borrowed at that time.

More Definitions of Maximum Credit Limit

Maximum Credit Limit means the extent to which a co-operative society may receive deposits and loans from member and non- members;

Maximum Credit Limit has the meaning set forth in the Schedule.

Maximum Credit Limit means an amount, from time to time, equal to the Revolving Loan Commitment, not to exceed at any time Seven Million and No/100 Dollars ($7,000,000.00) in the aggregate.”

Maximum Credit Limit means $2,000,000.

Maximum Credit Limit means the aggregate Bank established maximum Account Balance that may be outstanding with respect to an Account or any Cardholder Account.

Maximum Credit Limit means the total dollar amount Bank approves against which the Cardholder may make Purchases through the use of Cards; (f) “Cash Advance Limit” means that portion of the Maximum Credit Limit against which the Cardholder may get Cash Advances through any of the methods specified in this Agreement; (g) “Merchant” means a business displaying the MasterCard and/ or Visa signs; (h) “Overdraft Protection” means a service for qualified checking account clients of Bank’s affiliated financial institutions, which protects your designated checking accounts from overdrafts and rejected items by making automatic Cash Advances from your Cardholder Account.

Maximum Credit Limit. , in relation to a cardholder, means an amount not exceeding -