Turnover Limit definition

Turnover Limit means the quotient obtained by dividing (x) the total number of AOLB/Itaú Subscribers who register pursuant to the in-branch subscription efforts of this Section 2 during the last Contract Month of the Prior Quarter and who remain AOLB/Itaú Subscribers as of the last day of such Contract Month, by (y) the result of (A) one minus (B) the product obtained by multiplying [**] and Average Turnover for the Prior Quarter.
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Turnover Limit means £41,000,000 or such other limit as may be advised to the Lender in accordance with Clause 21 from time to time by the Secretary of State;
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Examples of Turnover Limit in a sentence

  • Turnover Limit Code The system displays the turnover limit code applicable to the account.

  • I/We hereby understand that the subscription amount is non-refundable and on completion of the validity of the plan/ utilization of complementary Turnover Limit (CTL), existing or standard brokerage plan will be applied as per client category.

  • Examples of supplies subject to Reverse Charge are- Services provided by way of Sponsorship to any Body Corporate or Partnership Firm,Services supplied by a Director of a Company or Body Corporate to the said company or Body Corporate.(ii)Central Tax, State Tax, Union territory Tax, Integrated Tax and Cess Some Issues which need Departmental Clarifications (A)Applicability of Turnover Limit for the period 01.07.2017 to 31.03.2018GST has been implemented with effect from 01.07.2017.

  • Turnover Limit for Audit of AccountsThe present turnover limit for audit of accounts, u/s 61 of MVAT Act, needs to be amended suitably.

  • Maximum value Rs. 10 lakhs Turnover Limit : Rs. 50 lacs (In the light of long history of high volume of trading on a terminal, higher turnover limit may be set at the discretion of the Management) Funds pay-in from clients: The client can meet up the obligation by three ways.

  • In the course of the subprime crisis, the model assump- tions of the ANL model were constantly monitored and, when needed, were adjusted to the reduced market liquid- ity of the assets or to expected behavioral changes.

Related to Turnover Limit

  • aggregate turnover means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;

  • Upper Limit means a specified maximum amount of costs which may be claimed under a Unit of Work, but which may be extended on application. An Upper Limit operates in the same way as a Costs Limitation;

  • Turnover Plan means the written plan developed by Contractor, approved by HHSC, and to be employed when the Work described in the Contract transfers to HHSC, or its designee, from the Contractor.

  • Order limits means the limits shown on the works plans within which the authorised project may be carried out;

  • Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.

  • Turnover means the aggregate value of the realisation of amount made from the sale, supply or distribution of goods or on account of services rendered, or both, by the company during a financial year;

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Maximum Limit means that number of issued Shares representing 10% of the total number of issued Shares as at the date of the passing of this Resolution (excluding any Shares which are held as treasury shares as at that date); and

  • Maximum Daily Limit means the maximum allowable "Daily Concentration" (defined above) when expressed as a concentration (e.g. mg/l), otherwise, it means the maximum allowable "Daily Quantity" as defined above, unless it is expressed as a flow quantity. If expressed as a flow quantity it means "Maximum Daily Flow" as defined in Section 22a-430-3(a) of the RCSA.

  • Aggregate Reserves means, on any date of determination, the sum of the Loss Reserve, the Dilution Reserve and the Servicing and Yield Reserve.

  • Sub-Limit Defined in the Fee and Pricing Letter, which definition is incorporated herein by reference.

  • Maximum Program Amount means Common Shares with an aggregate Sales Price of the lesser of (a) the number or dollar amount of Common Shares registered under the effective Registration Statement (defined below) pursuant to which the offering is being made, (b) the number of authorized but unissued Common Shares (less Common Shares issuable upon exercise, conversion or exchange of any outstanding securities of the Company or otherwise reserved from the Company’s authorized capital stock), (c) the number or dollar amount of Common Shares permitted to be sold under Form S-3 (including General Instruction I.B.6 thereof, if applicable), or (d) the number or dollar amount of Common Shares for which the Company has filed a Prospectus (defined below).

  • Turnover Date means the earliest of the following dates:

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Turnover Rate means the period of time (usually in hours) required to circulate a volume of water equal to the pool or spa capacity.

  • Maximum allowable cost list means a list of drugs for

  • Expense Limit means the percentage of a Fund’s average annual net assets (on an annualized basis) set forth below.

  • Maximum Contract Value means the amount specified in the "Limitation of Expenditure" clause set out in the Contract; and

  • Alteration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Normal Maximum Generation means the highest output level of a generating resource under normal operating conditions.

  • Bag limit means the maximum number of game animals, game

  • Adjusted Covered Debt Balance means, on any date, the aggregate Covered Debt Amount on such date minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors (provided that Cash Collateral for outstanding Letters of Credit shall not be treated as a portion of the Portfolio Investments).

  • Maximum Yield Supplement Amount means with respect to any Collection Period and the related Deposit Date, after giving effect to the Yield Supplement Amount, the maximum amount required to be on deposit in the Yield Supplement Account on the immediately succeeding Payment Date, which is equal to the present value (using an interest rate of: 0.25%) of the sum of all Yield Supplement Amounts for all future Payment Dates, assuming that future Scheduled Payments on the Discount Receivables are made on the date on which they are scheduled as being due.

  • Restoration Threshold means an amount equal to 5% of the outstanding principal amount of the Loan.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.