Upper Limit definition

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;
Upper Limit means that number calculated by formula P + e (where e is the error determined from tables 4-53) and designated as U.
Upper Limit has the same meaning as stipulated in Article 3.2 of this Agreement.

Examples of Upper 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.

  • Upper Limit cost limitations specified in this Chapter will not apply when a prescriber certifies that a specific brand of medication is medically necessary for a particular patient.

  • 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.

  • The DESIGN SECTION ENGINEER further understands and agrees that all the services required to properly complete the services will be at or below the total estimated fee (Upper Limit of Compensation) established for this contract, and that only upon receipt of correspondence modifying the established scope of services for this contract from the Chief Engineering Officer, will any portion of the “Additional Services” provision of the said proposal Exhibit B be utilized.


More Definitions of Upper Limit

Upper 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 above the settlement price at the close of the previous Trading Day for the Contract; and
Upper Limit means the percentage or number specified as such in the relevant Final Terms;
Upper Limit means, in respect of any relevant Range Accrual Day, the limit specified in the applicable Final Terms.
Upper Limit means the percentage specified as such in the Final Terms.
Upper Limit means the percentage specified as such in the applicable Final Terms; and
Upper Limit means the product of (A) USD 600 million and (B) the Applicable Percentage, subject to reduction by an amount equal to the product of (x) any proceeds payable to Counterparty in respect of any Company Shares (as such term is defined in the Underwriting Agreement) pursuant to the Underwriting Agreement and (y) the Applicable Percentage.
Upper Limit means, with respect to an Interest Accrual Period, the percentage or number specified as such in the relevant Final Terms;