Overall Credit Limit definition

Overall Credit Limit means the maximum amount that you are allowed to have outstanding on your Account at any time as detailed on your monthly statement or eStatement;

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Overall Credit Limit. Notwithstanding any provisions herein to the contrary, in no event shall the total Obligations (including without limitation the Revolving Loans, and Obligations relating to Ancillary Services) at any time outstanding exceed $76,010,000 (the ‘Overall Credit Limit’).”

Examples of Overall Credit Limit in a sentence

If we allow this, you must agree with us to reduce the Individual Credit Card Limit for other Cards to ensure the Account does not go over the Overall Credit Limit.
Giving pre authorisation will reduce the available credit of the Individual Credit Card Limit and your Overall Credit Limit.
If the Card is used for a transaction which would bring the outstanding debit balance in excess of the Overall Credit Limit or the Individual Credit Card Limit, we reserve the right to authorise or decline such transactions.
We may at any time reduce or cancel the Overall Credit Limit, the Individual Credit Card Limit or any undrawn part of either or both limits without cancelling the Agreement or card or if (a) you or the Cardholder breach any of these terms and conditions (b) we give you two months in writing.
If this Agreement includes foreign currency Credits, then currency changes may affect whether either the Credit Limit of any Credit or the Overall Credit Limit has been exceeded.
We may choose to approve certain Card Transactions that would result in the Overall Credit Limit being exceeded.
We may also refuse to authorise any Card Transaction that you wish to effect even though such Card Transaction would not cause the Overall Credit Limit to be exceeded.
If you have exceeded the Overall Credit Limit in any given month, you shall (where you choose to make payment of only the minimum payment specified in the Card Account Statement) also pay the amount by which the Overall Credit Limit has been exceeded.
On any occasion where the Overall Credit Limit has been exceeded, you shall immediately pay us the amount in excess of your Overall Credit Limit.
If, on the other hand, the Credit Limit is stated as "US$200,000", the Credit Limit is not exceeded, and a drop in the value of the dollar the next day will not change that (although the Overall Credit Limit may be affected).

More Definitions of Overall Credit Limit

Overall Credit Limit means the maximum amount that you are allowed to have outstanding on your Account at any time as detailed on your monthly statement or eStatement; “Payee” means a person who receives a payment; “Payer” means a person who makes a payment; “Payment Date” means the date each month, that the customer has chosen to pay the amounts owing to us on each Card;

Overall Credit Limit. , in relation to a borrower, means 2 months’ income (if his annual income is less than $30,000) or 4 months’ income (if his annual income is at least $30,000) of the borrower;

Overall Credit Limit. Notwithstanding any provisions herein to the contrary, in no event shall the total Obligations (including without limitation the Revolving Loans and Obligations relating to Ancillary Services) at any time outstanding exceed (a) [***] (the “Overall Credit Limit”) or (b) upon a Successful Syndication, [***].

Overall Credit Limit. Subject to Section 9.11 of the Agreement, in no event may the sum of the Revolving Credit Loans and Floorplan Loans (including outstanding approvals) exceed the Total Facility. and no Revolving Credit Loan or Floorplan Loan shall be made if, after giving effect to such Revolving Credit Loan or Floorplan Loan, the provisions of this sentence would be violated. If notwithstanding the forgoing at any time the sum of the aggregate outstanding principal amount of all Revolving Credit Loans and Floorplan Loans does exceed the Total Facility, such excess (which shall be an Obligation secured by the Collateral) shall be treated as an Overloan subject to all the provisions of Section 2.3 of this Agreement and any other provisions of this Agreement dealing Overloans.