EXCEEDING SPENDING LIMIT Sample Clauses
The "Exceeding Spending Limit" clause sets a maximum amount that can be spent under a contract or agreement, and outlines the consequences or procedures if that limit is surpassed. Typically, this clause requires prior written approval before any additional expenditures are incurred, or it may specify that the party exceeding the limit is responsible for the excess costs. Its core function is to control financial risk and ensure that spending remains within agreed-upon boundaries, thereby preventing unauthorized or unexpected expenses.
EXCEEDING SPENDING LIMIT. Notwithstanding any other provisions of this Agreement, we may in our discretion and without giving prior notice approve, authorise or allow any Card Transaction to be effected during any period even though such Card Transaction would result in your Card Account being overdrawn and/or your Spending Limit being exceeded as a consequence. Our determination on whether your Spending Limit has been exceeded shall be conclusive and binding on you.
EXCEEDING SPENDING LIMIT. We may in our discretion and without giving prior notice approve, authorize or allow any Card Transaction to be effected during any period even though such Card Transaction would result in your Debit Card Account being overdrawn and/or Credit Limit being exceeded as a consequence. On any occasion where the Credit Limit relating to your Credit Card Account has been exceeded, you shall immediately pay us the amount in excess of your Credit Limit. We may also refuse to authorise any Card Transaction that you wish to effect even though such Card Transaction would not cause the Credit Limit to be exceeded. Our determination on whether your Spending Limit has been exceeded shall be conclusive and binding on you.