FLOOR LIMIT Sample Clauses

FLOOR LIMIT. 7.1 Where the Merchant has been provided with a EDC Terminal, the Floor Limit of the Merchant shall effectively be zero (0) in the absence of any specific authorisation and/or written authorisation from the RHB Bank to the Merchant. In the event of any equipment/line failure, the Merchant shall on each occasion request and obtain from the RHB Bank by telephone, the RHB Bank's specific authorisation and/or written authorisation.
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FLOOR LIMIT. The Floor Limit(s) shall be advised by the Bank from time to time.
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FLOOR LIMIT. The Floor Limit is $0. Bank may change the Floor Limit upon notice to Company.
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FLOOR LIMIT. Merchant may incur of any amount but not exceeding to the floor limit of .................... However, for the amount beyond the floor limit, the Merchant must obtain prior approval of HBL. In the absence of such approval, HBL shall not responsible for any such charges or any part thereof and all such charges will be accepted on a collection basis. Splitting of charges into two or more will not be accepted to HBL. HBL reserve the rights to refuse the payment if an authorization is refused. Prior authorization in respect of charges exceeding the Floor Limit may be obtained by contacting HBL by telephone or Telex/Fax stating the correct name and the number of the Valid Card, its expiry date, Merchant name, number and the amount for which the approval is required. If authorization is granted, the authorization number must be indicated on the charge slip. HBL may refuse authorization in its sole discretion and may further, in such an event, also direct the Merchant to take immediate preventive action.
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FLOOR LIMIT. (a ) By prior written notice we will designate a Floor Limit in respect of each service outlet or department of a service outlet operated by the Merchant and maysimilarly vary any such Floor Limit by giving a written notice in accordance withclause 10.6. In the absence of such notice the Floor Limit shall be non existing.
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FLOOR LIMIT. 4.1 The floor limit is stipulated in the Service Establishment Agreement.
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FLOOR LIMIT. All transactions are subject to a zero dollar ($0.00) floor limit, unless otherwise stated.
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FLOOR LIMIT. 4.1 The Floor limit(s) shall initially be set at Card Association rules for all Card transactions but may be amended downwards by Capitec from time to time upon notice to the Merchant in writing.
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FLOOR LIMIT. The Floor Limit is $0. Bank may change the Floor Limit upon thirty (30) days prior written notice to Company. Notwithstanding the foregoing, in the event Company is unable to obtain an electronic Authorization due to (i) Bank’s inability to provide electronic Authorizations or (ii) Company’s electronic capability to obtain an Authorization not being operational, the Floor Limit shall be one hundred dollars ($100.00) (“Increased Floor Limit”), provided that each time an Increased Floor Limit is necessitated, Company agrees to conform to the following procedures: Company shall establish a six digit numeric code (“Code”) for each Card Sale that is equal to or under one hundred dollars ($100.00) (“Qualified Card Sale”). The Code shall be mutually agreed upon by Bank and Company. This Code will appear on the Sales Slip, thereby identifying the Card Sale as one that was made when electronic Authorizations could not be provided or obtained. If the Code does not appear on the Sales Slip for a Qualified Card Sale, Bank may process a Chargeback for such Qualified Card Sale pursuant to Section 3.10 below. For all Card Sales greater than one hundred dollars ($100.00), Company shall obtain a non-electronic Authorization, in accordance with Section 3.6(c)(ii), below. Bank may audit Company’s records from time to time in order to verify that (i) the Increased Floor Limit and the Code are used only for Qualified Card Sales when electronic Authorizations could not be provided by Bank or obtained by Company and (ii) only Qualified Card Sales are eligible for the Increased Floor Limit. In the event that Bank determines that the Increased Floor Limit and the Code were used when electronic Authorizations could be provided by Bank or obtained by Company, the Increased Floor Limit was applied to Card Sales other than Qualified Card Sales, or Company did not conform to the procedures set forth above, Bank may (i) process a Chargeback for such Qualified Card Sale or Card Sale pursuant to Section 3.10 below or (ii) decrease the Increased Floor Limit to $0.
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Related to FLOOR LIMIT

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Xxxxxx Limitation The Service reserves the right to refuse to pay any Xxxxxx to whom you may direct a payment. As required by applicable law, the Service will notify you promptly if it decides to refuse to pay a Xxxxxx designated by you. as set forth in Section 13 of the General Terms (Prohibited Payments) or an Exception Payment under this Agreement.

  • Wage Increases The wage rates in this Agreement will only be increased in accordance with any increases which may be awarded by the Australian Fair Pay Commission through wage reviews. The level of any increases will be such that the percentage wage increase as set out in Clause 15 of this agreement will be maintained. No additional increases in wage rates will apply to the rate of pay in Clause 15 of this Agreement while it is in operation.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

  • Increase in Limits If either Lessor or Lessee at any time deems the limits of the personal injury or property damage under the comprehensive public liability insurance then carried to be either excessive or insufficient, Lessor and Lessee shall endeavor in good faith to agree on the proper and reasonable limits for such insurance to be carried and such insurance shall thereafter be carried with the limits thus agreed on until further change pursuant to the provisions of this Article 13.

  • Minimum Amounts; Limitation on Number of Borrowings At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of 8 Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

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