Over Limit Sample Clauses
The "Over Limit" clause sets a maximum threshold for certain obligations, such as financial liabilities or usage amounts, under a contract. If a party exceeds this predefined limit—such as spending more than an agreed budget or surpassing a usage cap—specific consequences or remedies are triggered, which may include additional charges, suspension of services, or renegotiation of terms. This clause serves to protect parties from unexpected or excessive exposure by clearly defining boundaries and the actions to be taken if those boundaries are crossed.
Over Limit. In the event you incur charges in amounts which cause the Account balance to exceed the authorized credit limit, you shall immediately pay Issuer the amount by which the total balance exceeds such maximum authorized credit limit.
Over Limit. The Cardholder and/or supplementary member(s) shall keep track of his/her/their total obligations so as not to exceed the approved credit limit at any given time.
Over Limit. Transactions that are [redacted] are identified in the BASE algorithm and [redacted]. Additional over-limit tests are completed on each transaction. [redacted]. Accounts in current standing will be permitted to [redacted]. In such cases an approval indicator will be returned from the tables and prioritized with other indicators assigned (e.g., if the account met any conditions in the BASE Algorithm). Accounts in current standing will be permitted to [redacted] based on decision key values. [redacted] If any of the decision key values change, the percentage of the line that the account is permitted to use may change. [redacted] Accounts that are past due [redacted] days or more will be flagged by BASE with a decline indicator, regardless of the status of the decision keys, except for accounts [redacted]. Similar to the rules defined in the current account section above, delinquent accounts [redacted] will be permitted to shop against a portion [redacted] dependent on the values of the decision keys. [redacted]. [redacted] Accounts can meet the criteria for multiple indicators. [redacted], the indicator returned with the highest priority will take precedence. If the highest priority indicator returned has an “Approval” action code, then an approval code will be passed to POS or the point-of-purchase and the transaction will be posted to the account. If the highest priority indicator returned has a “Decline” action code, notification will be transmitted to POS or the point-of-purchase and the transaction will be declined. If the highest priority indicator returned has a “Referral” action code, the transaction will be [redacted] has the ability to approve, decline, or refer the transaction to a higher authority (supervisor or manager) depending on Credit Granting procedures and policies. [redacted] strategies are also employed to determine eligibility [redacted]. The process is automated, and although it occurs at time of authorization, any increase has no bearing on the decision to authorize the transaction other than changing the line of credit. When an account holder requests to open a sub account or deferred interest account type, automated tables evaluate program eligibility (e.g., minimum purchase criteria, time period.) [redacted] employs risk criteria [redacted] to determine account type eligibility. If criteria and purchase amount can be met, the new account type is added to the revolving account.
Over Limit. We may charge an Over Limit fee if the Debt exceeds the Company's Credit Limit by $100.00 or more during any Billing Cycle. The amount of the Over Limit fee will be the "Over Limit Fee" amount shown in the Commercial Card Terms. We may add an additional Over Limit fee to your Account for each Billing Cycle that the Debt exceeds the Company's Credit Limit. We will not charge the Over Limit fee in any Billing Cycle in which we reduce your Credit Limit.
Over Limit. It refers to the act of accessing an amount of money greater than the available line of credit or borrowing limit. A fee is generally charged whenever the balance of a borrower goes over the credit limit, which is known as 'over limit fee' or 'over the limit fee'. Overdraft: Overdraft means that withdrawals from the bank account have exceeded the available credit balance.
Over Limit. If the Balance owing on the Account at any time exceeds the Credit Limit, we may refuse to extend further credit until you have made a payment to bring your outstanding Balance below your Credit Limit. We may choose, from time to time and without notice to you, to allow the Balance that is outstanding on the Account to exceed the Credit Limit, but we are not required to do so even if we have done so before. If we allow you to exceed the Credit Limit, the Cardholder is responsible for and must pay the amount that exceeds the Credit Limit as part of the Minimum Payment. In all provinces other than Quebec, a fee will be charged for the over limit as shown in the Information Box and Additional Disclosure attached to this Agreement. The Cardholder remains liable for the entire Balance owing on the Account whether or not it exceeds the Credit Limit.