Maximum Credit Amount Sample Clauses
The Maximum Credit Amount clause sets a clear upper limit on the total amount of credit or funds that can be drawn or borrowed under an agreement. In practice, this means that regardless of the number of drawdowns or requests made by the borrower, the lender is not obligated to provide more than the specified maximum amount. This clause is essential for managing financial risk, as it protects the lender from overexposure and ensures both parties are aware of the absolute financial boundaries of the arrangement.
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Maximum Credit Amount. Any use of credit established in Section 2 is subject to a credit limit the amount of which is indicated on the statement of account. This limit may be increased at the Federation’s discretion, if the cardholder makes a request to that effect, or revised downward if the Federation deems it appropriate after having analyzed the cardholder’s file. Any purchase which results in the applicable credit limit being exceeded shall be regarded as a request to increase the credit limit to the maximum amount that can then be granted to the cardholder, taking into consideration the applicable credit granting standards.
Maximum Credit Amount. The least of the following: (i) the maximum amount of Outstanding Obligations without causing a violation of §9.1; (ii) the maximum amount of Outstanding Obligations without causing a violation of §9.2; and (iii) the Total Commitment. Maximum Rate. See §29.
Maximum Credit Amount. The term MAXIMUM CREDIT AMOUNT means the lesser of the BORROWING BASE or the DOLLAR CAP.
Maximum Credit Amount. Any use of credit established in Section 2 is subject to a credit limit, which is indicated on every account statement. Either limit may be increased, at the Federation’s discretion, upon request from the cardholder, or decreased if the Federation deems it appropriate after analyzing the cardholder’s file. Any cash advance, cheque or purchase which results in the applicable credit limit being exceeded shall be regarded as a request to increase the credit limit to the maximum amount that can then be granted to the cardholder, taking into consideration the applicable credit granting standards. The Federation has no obligation to allow the cardholder to exceed his credit limit, even if it has done so in the past. The cardholder understands that the Federation may decide not to authorize any transaction that will result in the cardholder’s credit limit being exceeded or that takes place after the credit limit has been exceeded. The cardholder is liable for the entire balance, whether or not it exceeds the credit limit. The cardholder agrees to repay forthwith on demand any amount that exceeds the credit limit.
Maximum Credit Amount. Any use of credit established in Section 2 is subject to a credit limit, which is indicated on the document to which your card is attached at the time of receipt and on your account statement. Either limit may be increased, at the discretion of Desjardins, upon request from the cardholder, or decreased if Desjardins deems it appropriate after analyzing the cardholder’s file. Any cash advance, cheque or purchase which results in the applicable credit limit being exceeded shall in no way be regarded as a request to increase the credit limit. Any cash advance, cheque or regular purchase that results in your credit limit being exceeded may be temporarily authorized by Desjardins, without any obligation on its part, and cannot, in any case, be regarded as a request to increase your credit limit, nor can it result in such an increase of your credit limit. The cardholder is liable for the entire balance, whether or not it exceeds the credit limit. The cardholder agrees to repay forthwith on demand any amount that exceeds the credit limit. An annual fee of $30 shall be payable when a cardholder benefits from the Low Interest Rate option5 and/or the 1% accumulation BONUSDOLLARS Rewards Program option.5 Any amount payable as an annual fee is deemed to be a regular purchase for the purposes of Section 9 and will be charged to the cardholder’s account when one or more cards are issued and at each subsequent anniversary of the date of issuance. In the event that the card is cancelled within 60 days after the annual fee related to the cancelled card is charged, the fee will be fully reimbursed to the cardholder.
Maximum Credit Amount. Any use of credit established in Section 2 is subject to a credit limit, which is determined by Desjardins and indicated on the document to which your card is attached at the time of receipt and on your account statement. Either limit may be increased, at Desjardins’ discretion. In compliance with the regulations in effect, any cash advance, cheque or regular purchase that results in your credit limit being exceeded may be temporarily authorized by Desjardins, without any obligation on its part, and cannot, in any case, be regarded as a request to increase your credit limit, nor can it result in such an increase of your credit limit. upon request from the cardholder, or decreased if Desjardins deems it appropriate after analyzing the cardholder’s file. Any cash advance, cheque or purchase which results in the applicable credit limit being exceeded shall in no way be regarded as a request to increase the credit limit. In compliance with the regulations in effect, any cash advance, cheque or regular purchase that results in your credit limit being exceeded may be temporarily authorized by Desjardins, without any obligation on its part, and cannot, in any case, be regarded as a request to increase your credit limit, nor can it result in such an increase of your credit limit..
Maximum Credit Amount. The Maximum Credit Amount is the amount of tax credits the Company may earn during the Taxable Years between the First Eligible Taxable Year and the Eligibility Deadline.
Maximum Credit Amount. Any use of credit established in Section 2 is subject to a credit limit, which is determined by Desjardins and indicated on the document to which your card is attached at the time of receipt and on your account statement. Either limit may be increased, at the discretion of Desjardins, upon request from the cardholder, or decreased if Desjardins deems it appropriate after analyzing the cardholder’s file. Any cash advance, cheque or purchase which results in the applicable credit limit being exceeded shall in no way be regarded as a request to increase the credit limit. In compliance with the regulations in effect, any cash advance, cheque or regular purchase that results in your credit limit being exceeded may be temporarily authorized by Desjardins, without any obligation on its part, and cannot, in any case, be regarded as a request to increase your credit limit, nor can it result in such an increase of your credit limit.
Maximum Credit Amount. Any use of credit established in Section 2 is subject to a credit limit, which is indicated on the document to which your card is attached at the time of receipt and on your account statement. Either limit may be increased, at the discretion of Desjardins, upon request from the cardholder, or decreased if Desjardins deems it appropriate after analyzing the cardholder’s file. Any cash advance, cheque or purchase which results in the applicable credit limit being exceeded shall in no way be regarded as a request to increase the credit limit. Any cash advance, cheque or regular purchase that results in your credit limit being exceeded may be temporarily authorized by Desjardins, without any obligation on its part, and cannot, in any case, be regarded as a request to increase your credit limit, nor can it result in such an increase of your credit limit. The cardholder is liable for the entire balance, whether or not it exceeds the credit limit. The cardholder agrees to repay forthwith on demand any amount that exceeds the credit limit.
Maximum Credit Amount. The authorized representative may not exceed the credit limit, the amount of which is indicated in U.S. dollars on the monthly account statement. This limit may be increased, at the Federation’s discretion, upon request from the Holder. The Federation reserves the right to cancel or amend the credit limit of an authorized representative, at its entire discretion and at any time without notice to the Holder or the authorized representative, in accordance with the Federation’s applicable credit policies and standards. Any cash advance or regular purchase which results in the credit limit granted to the authorized representative being exceeded may be regarded as a request to increase the credit limit to the maximum amount that can then be granted to the Holder, taking into consideration the Federation’s applicable credit granting standards.