Adjusting Limits Sample Clauses

The "Adjusting Limits" clause defines the process and conditions under which the limits of liability, coverage, or other contractual caps may be modified during the term of an agreement. Typically, this clause outlines scenarios such as changes in regulatory requirements, project scope, or risk assessments that could trigger an adjustment, and it may specify the procedures for notifying parties and implementing new limits. Its core practical function is to provide flexibility and ensure that contractual limits remain appropriate and fair in response to changing circumstances, thereby managing risk and maintaining balance between the parties.
Adjusting Limits. DEGIRO may from time to time adjust the Limits, the Security Value and the Risk and the manner in which these are calculated when DEGIRO deems such necessary for the protection of Client or of DEGIRO and its clients or for example when ▇▇▇▇▇▇ is forced to do so due to external circumstances. ▇▇▇▇▇▇ will strive to inform Client about this as timely as possible by email or in the Personal Page.
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Adjusting Limits. At any time that the Client Agreement is in effect, DEGIRO may adjust the Limits, the Security Value and the Risk, including the manner in which these are calculated. DEGIRO will make such adjustments where it deems it to be necessary for the protection of the Client, the protection of DEGIRO and/or the protection of ▇▇▇▇▇▇’s other clients. These adjustments are made for a number of reasons, for example when ▇▇▇▇▇▇ is forced to do so due to external (market) circumstances or when acting upon instruction from a relevant third party such as a prime broker. ▇▇▇▇▇▇ will strive to inform the Client about any such adjustment, in principle by email and through the Trading Platform but if reasonably possible and necessary by phone, with as much advance notice as possible. When an adjustment requires the Client to reduce or close an open position, as a general rule DEGIRO strives to provide the Client with at least three months’ notice. However, the Client should be aware that the reasons and circumstances necessitating the adjustment may be so immediate that we cannot reasonably inform the Client three (or more) months in advance. Depending on the circumstances of the case, an adjustment may therefore be notified to the Client with as little as one day’s notice. An adjustment to the Client’s Limits has immediate consequences for the amount that is available to trade for the Client (which may increase or decrease, depending on whether the Limit is adjusted downward or upward). If Limits are adjusted downward, this may cause the Client to breach the relevant Limit – or to breach such Limit sooner than would have been the case under the previously applicable Limit – in which case the “breach of Limits” procedure set out below will apply.
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Adjusting Limits. ‌ 5.4.1 Each of the Wholesale Leasing Facility Borrowers may exceed its Assigned Wholesale Leasing Facility Limit set forth in Schedule E annexed hereto from time to time by an amount not in excess of 50% of such limit, subject to such restrictions as may be imposed from time to time by the Agent, acting reasonably (each such excess being an “Adjusted Wholesale Leasing Facility Limit”), provided however that:‌ (a) the aggregate of all Advances outstanding to the Wholesale Leasing Facility Borrowers under the Wholesale Leasing Facility may at no time exceed the Wholesale Leasing Facility Limit; and‌ (b) the aggregate of all Advances outstanding to the Wholesale Leasing Facility Borrowers under the Wholesale Leasing Facility in respect of Used Leased Units may at no time exceed the Wholesale Leasing Facility Used Leased Sublimit.‌
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Adjusting Limits. ‌ 4.4.1 Any portion of the Unallocated Flooring Carveout may be reallocated from time to time among the existing Wholesale Flooring Facility Borrowers upon request from the Representative Borrower to the Agent, and the Wholesale Flooring Facility Limit will be increased accordingly. Any such request shall include a requested allocation by the Representative Borrower of a specified amount of the Unallocated Flooring Carveout to be added to the Assigned Flooring Limit of one or more specified Wholesale Flooring Facility Borrower(s). Notwithstanding the foregoing, (a) the aggregate of all Assigned Flooring Limits of the Wholesale Flooring Facility Borrowers (other than the Limited Borrowers) shall not exceed at any time the Wholesale Flooring Facility Limit minus the Limited Borrower Flooring Carve-out, and (b) the aggregate of all Assigned Flooring Limits of the Limited Borrowers shall not exceed at any time the Limited Borrower Flooring Carve-out. 4.4.2 Each of the Wholesale Flooring Facility Borrowers (other than a Limited Borrower) may exceed its Assigned Flooring Limit set forth in Schedule E annexed hereto from time to time, subject to such restrictions as may be imposed from time to time by the Agent, acting reasonably, on written notice to the Borrowers (each such excess being an “Adjusted Limit”), provided however that:‌ (a) the aggregate of all Advances outstanding to the Wholesale Flooring Facility Borrowers under the Wholesale Flooring Facility may at no time exceed the Wholesale Flooring Facility Limit net of the Wholesale Flooring Facility Bulk Prepayment; and‌ (b) the aggregate of all Advances outstanding to the Wholesale Flooring Facility Borrowers under the Wholesale Flooring Facility in respect of Used Motor Vehicles may at no time exceed the Used Vehicle Carveout Limit.‌ 4.4.3 The Wholesale Flooring Facility Borrowers acknowledge and agree that each Adjusted Limit made to one or more of the Wholesale Flooring Facility Borrowers which is permitted under Section 4.4.2, may require a reduction in the limit of one or more of the other Wholesale Flooring Facility Borrowers to ensure that the aggregate amount of Advances outstanding under the Wholesale Flooring Facility does not exceed the limits set forth in clauses (a) and (b) of Section 4.4.2. The Wholesale Flooring Facility Borrowers hereby authorize the Agent, in consultation with the Representative Borrower, to reduce such limits in such circumstances in order to permit the Adjusted Limit of a...
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Related to Adjusting Limits

  • Minimum Limits The minimum limits to be maintained by the School (inclusive of any amounts provided by an umbrella or excess policy) shall be $1 million per occurrence/$3 million annual aggregate.

  • Billing Limitations a. DSHS shall pay the Contractor only for authorized services provided in accordance with this Contract. b. DSHS shall not pay any claims for payment for services submitted more than twelve (12) months after the calendar month in which the services were performed. c. The Contractor shall not bill and DSHS shall not pay for services performed under this Contract, if the Contractor has charged or will charge another agency of the state of Washington or any other party for the same services.

  • Dollar Limits Per Service Agreement Cost to diagnose, repair and/or replace - Per covered appliance $3,000

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • Minimum Amounts; Limitation on Number of Borrowings At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of 8 Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.