Company Credit Limit definition

Company Credit Limit means the maximum limit established by Us for a negative balance of funds on Your Master Wallet.
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Company Credit Limit means the overall credit card limit assigned by Bank to Customer based on a separate credit application submitted by Customer to Bank for initial approval and periodic renewal.
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Company Credit Limit means the maximum limit established by Us for a negative balance of funds on Customer’s Company Wallet.
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Examples of Company Credit Limit in a sentence

  • If Customer has enrolled in the Card Administration Package and has requested access to establish and maintain individual Card limits, Customer shall not establish Card limits such that the sum total limits for all Cards controlled by Customer exceed Customer’s Company Credit Limit, even if the Commercial Card Manager Service enables Customer to do so.

  • Customer acknowledges that the Service is simply a self-service tool extended by Bank for Customer’s convenience, and the establishment and maintenance of Customer’s Company Credit Limit is governed solely by a separately executed credit application.

  • Company Credit Limit requests greater than $10,000 for an Applicant that was formed/has been in business less than two (2) years ago will require copies of the two (2) most recent year-end Federal Tax returns from each person who owns 20% or more of the business.

  • Company Credit Limit requests greater than $20,000 and applications from non-profit entities and retailers require the two (2) most recent year-end balance sheet and income statements or Federal Tax returns for the entity.

  • We do not offer a revolving payment option when your Company Credit Limit is greater than $25,000.2. If your business is approved for a Company Credit Limit greater than $50,000, you will be required to provide annual financial reports (income statement and balance sheet) each year after approval.3. The turnaround time for businesses requiring a Company Credit Limit less than or equal to $50,000 generally runs up to 10 business days from the receipt of a completed Application.

  • The assigned Company Credit Limit can be increased or decreased based on SABB policy.

  • Company Credit Limit: The maximum available dollar amount of credit authorized by the Bank to the Company.

  • A fee will be charged to the Commercial Card Account by the Bank if the Company or any Cardholder exceeds the assigned Card Limit or the Company Credit Limit (as appropriate), at a rate as specified in the Commercial Card Tariff Guide as amended from time to time.

  • The review of applications requesting a Company Credit Limit greater than $50,000 may take up to 20 business days.4. Contact Bankcardcredit.commercial@umb.com to check the status of your Application.UMB VISA® SIGNATURE BUSINESS REWARDS CREDIT CARDPlease keep this page for your records.

  • If the Company or the Cardholder exceeds the Card Limit or Company Credit Limit without the Bank’s written prior agreement, the Bank may at its discretion cancel one or any number of the Commercial Cards which are issued to the Cardholders at the request of the Company, immediately, without notice to the Company and all outstanding amounts will thereupon become immediately due and payable.

Related to Company Credit Limit

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.