Monthly Limit definition

Monthly Limit means the monthly limit on the total amount payable in cash by the REIT in respect of Units tendered for redemption in a calendar month as described under “Trust Units and Declaration of Trust -Redemption Right”.
Monthly Limit means the maximum dollar amount of credit available per month, per NPD Card, as specified by the Account Holder (provided it does not cause the Monthly Limit for the relevant Account to be exceeded) and agreed to by NPD or, if the Account Holder does not specify, $2,000 per month or any such lower amount as NPD may determine in its sole discretion at any time.
Monthly Limit means the monthly limit set by the Bank. The monthly limit is applicable for Cash Withdrawal and/or Retail Purchases made via MyDebit payment network and Cirrus withdrawals. The ATM withdrawal and Retail Purchases limit for MyDebit payment network are shared.

Examples of Monthly Limit in a sentence

  • Notwithstanding anything else herein, the Lender shall have no obligation to fulfil a request for an Advance if doing so would result in cumulative Advances to the Borrower in any calendar month exceeding the Monthly Limit.

  • For greater certainty, cumulative Advances in a calendar month that are less than the Monthly Limit shall not rollover to any subsequent month so as to increase the Monthly Limit for that month.


More Definitions of Monthly Limit

Monthly Limit means, in respect of redemptions of Units by Unitholders, the maximum amount payable by the Trust in any calendar month, being $50,000.
Monthly Limit means the range within or equal to plus (+) or minus (-) five percent (5%) of Customer’s Contract Demand at the Point of Receipt, net of Unaccounted for Gas, during the Month;
Monthly Limit means the monthly limit of $50,000 in lawful money of Canada for cash redemption of Units tendered for redemption by Unitholders;
Monthly Limit means the credit balance that is allowed to be incurred without requiring repayment prior to the statement cut-off date.
Monthly Limit. Limits the total combined value of all items deposited in a month and the number of total items deposited. The deposit limits vary depending on many factors, including your deposit history and the length of your relationship with us. Deposit limits are subject to change as we continually evaluate these factors. Your current deposit limits will be displayed within the mobile app at the time of deposit.
Monthly Limit means the sum of Three Hundred Thousand Dollars ($300,000.00) per calendar month less the amount of cash invested by other parties (the amount of cash invested attributed to the Monthly Limit to be mutually agreed by the Lender and the Borrower);
Monthly Limit means Subscriber is only permitted to initiate a certain number of downloads in a one-month period. The number permitted is identified on the Order Confirmation. During a Subscription Term, the first one-month period is from the first day of the Subscription Term to the same date of the next month – where Subscriber is paying monthly, this is the payment date. For example, if Subscriber’s payment date is the 15th, the Monthly Limit applies to all downloads between June 15 and July 15, and on July 16, Subscriber has another 20 downloads available through August 15.