Common use of Maximum Credit Amount Clause in Contracts

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.

Appears in 2 contracts

Sources: Variable Credit Agreement, Variable Credit Agreement

Maximum Credit Amount. The authorized representative may not exceed the credit limit, limit the amount of which is indicated in U.S. dollars on the monthly account statementstatement of account. This limit may be increased, at the Federation’s discretion, upon should the card program manager make and authorize a request from the Holderto that effect. The Federation reserves the right to cancel or amend the credit limit of an authorized representative, representative at its entire discretion and at any time without notice to the Holder or the authorized representativeholder, in accordance with the Federation’s applicable credit policies and standardsstandards of the Federation. Any cash advance advance, cheque or regular purchase which results in the applicable credit limit granted to the authorized representative being exceeded may be regarded as a request to increase the credit limit to the maximum max- imum amount that can then be granted to the Holdercompany, taking into consideration the Federation’s applicable credit granting standardsstandards of the Federation.

Appears in 2 contracts

Sources: Variable Credit Agreement, Variable Credit Agreement

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 statementstatement of account. This limit may be increased, at the Federation’s discretion, upon request from the Holderholder. The Federation reserves the right to cancel or amend the credit limit of an authorized representative, representative at its entire discretion and at any time without notice to the Holder holder or the authorized representative, in accordance with the Federation’s applicable credit policies and standardsstandards of the Federation. Any cash advance advance, cheque 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 Holderholder, taking into consideration the Federation’s applicable credit granting standardsstandards of the Federation.

Appears in 1 contract

Sources: Variable Credit Agreement

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 statementstatement of account. This limit may be increased, at the Federation’s discretion, upon request from the Holderholder. The Federation reserves the right to cancel or amend the credit limit of an authorized representative, representative at its entire discretion and at any time without notice to the Holder holder or the authorized representative, in accordance with the Federation’s applicable credit policies and standardsstandards of the Federation. 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 Holderholder, taking into consideration the Federation’s applicable credit granting standardsstandards of the Federation.

Appears in 1 contract

Sources: Variable Credit Agreement