Credit Limit, Authorization of Transactions and Transaction Limits Sample Clauses

The 'Credit Limit, Authorization of Transactions and Transaction Limits' clause defines the maximum amount of credit available to the account holder and sets rules for how transactions are approved and limited. It typically specifies the total credit line, outlines procedures for authorizing purchases or cash advances, and may impose daily or per-transaction caps. This clause ensures responsible use of credit, helps prevent overspending, and protects both the lender and borrower by clearly establishing financial boundaries and approval processes.
Credit Limit, Authorization of Transactions and Transaction Limits. We assign a credit limit to your Account. Part of this credit limit may be available for Cash Advances, and there may be a limit on the amount of Cash Advances you can take in a given period. You agree to manage your Account so that your Account balance (including interest and fees) is not more than your credit limit. We may honor transactions above your credit limit but doing so will not increase your credit limit and you will still be liable for any amounts, including interest and fees, incurred by any transaction in excess of your credit limit. If we ask you to promptly pay the amount of your Account balance above your credit limit, you agree to do so. We are not obligated to honor every transaction and may deny a transaction for any reason, unless prohibited by applicable law. We may deny a transaction even if the transaction would not cause the Account to exceed your credit limit. We are not liable for any losses resulting from a denied transaction. Except as otherwise provided in this Agreement, you are not permitted to stop the payment of any transaction once it is made; however, you have the right to dispute transactions as described in the Billing Rights Notice section of this Agreement. We are not responsible for any losses resulting from the refusal of any person to honor your Card, Convenience Check, or Account, or the failure of an ATM or other machine to accept your Card, disperse cash, or otherwise perform a transaction. We are also not liable for any losses resulting from when our services are unavailable due to reasons beyond our control. We may place limits on the Account that may impact your ability to use the Account, such as limits on the types, amount of, or number of transactions you may make with the Account. You may not exceed the limits that we place on the Account. We may tell you about some of these limits, such as your credit limit; however, for security and other reasons, we may not tell you about all of the limits we may place on the Account. To the extent permitted by applicable law, we may increase, reduce, cancel, or suspend any of the limits or add new limits for any reason and at any time without notice.
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Related to Credit Limit, Authorization of Transactions and Transaction Limits

  • Authorization of Transactions The Company is a corporation duly authorized and in good standing in the State of Florida and has the requisite power and capacity to execute and deliver the Transaction Documents to which it is a party and to perform its obligations hereunder and thereunder. The execution, delivery and performance by the Company of the applicable Transaction Documents and the consummation of the Transactions have been duly and validly authorized by all requisite action on the part of the Company. The Transaction Documents to which the Company is a party have been duly and validly executed and delivered by The Company. Each Transaction Document to which the Company is a party constitutes the valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms and conditions, except to the extent enforcement thereof may be limited by applicable bankruptcy, insolvency or other Laws affecting the enforcement of creditors’ rights or by the principles governing the availability of equitable remedies.

  • Authorization of Transaction The Buyer has full power and authority (including full corporate power and authority) to execute and deliver this Agreement and to perform its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of the Buyer, enforceable in accordance with its terms and conditions.

  • Limitation of Transactions Subordination 16 SECTION 6.1

  • Consummation of Transactions Each party shall use all commercially reasonable efforts to take, or cause to be taken, all actions, and to do, or cause to be done, all things necessary, proper or advisable and consistent with applicable law to carry out all of their respective obligations under this Agreement and to consummate the Transactions (which efforts shall not include any obligation of the Company or its Affiliates to bid more than the Company deems appropriate, in its sole discretion, to acquire PCS Licenses in the Auction), which efforts shall include, without limitation, the following: (a) The parties shall use all commercially reasonable efforts to cause the Closing to occur and the Transactions to be consummated in accordance with the terms hereof, and, without limiting the generality of the foregoing, to obtain all necessary Consents including the approval of this Agreement and the Transactions under the HSR Act and by all Governmental Authorities, and to make all filings with and to give all notices to third parties which may be necessary or reasonably required in order for the parties to consummate the Transactions. Each party shall pay any filing or comparable fees required to be paid by such party under the HSR Act. (b) Each party shall furnish to the other party all information concerning such party and its Affiliates reasonably required for inclusion in any application or filing to be made by such party or any other party in connection with the Transactions. (c) Upon the request of any other party, each party shall forthwith execute and deliver, or cause to be executed and delivered, such further instruments of assignment, transfer, conveyance, endorsement, direction or authorization and other documents as may reasonably be requested by such party in order to effectuate the purposes of this Agreement. (d) Nothing in this Agreement shall be construed to require Purchaser to consummate the Transactions if any Consent by the FCC, FTC or DOJ expressly would require that it or any of its Affiliates (i) divest or hold separate any of its assets existing as of the date hereof or (ii) otherwise take or commit to take any action that limits its freedom of action in any material respect with respect to any of its businesses, product lines or assets existing as of the date hereof; provided, however, that this Section 5.1(d) shall not apply to any FCC, FTC or DOJ requirement to Consent for the Transactions arising from or relating to any actions taken by Purchaser or its Affiliates after the date hereof. (e) Each party shall promptly notify the other party in writing when and if its board of directors has approved this Agreement and the Transaction Documents.

  • Consummation of Transaction Each of the parties hereto hereby agrees to use its best efforts to cause all conditions precedent to his or its obligations (and to the obligations of the other parties hereto to consummate the transactions contemplated hereby) to be satisfied, including, but not limited to, using all reasonable efforts to obtain all required (if so required by this Agreement) consents, waivers, amendments, modifications, approvals, authorizations, novations and licenses; provided, however, that nothing herein contained shall be deemed to modify any of the absolute obligations imposed upon any of the parties hereto under this Agreement or any agreement executed and delivered pursuant hereto.