Common use of Over Limit Clause in Contracts

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. Transactions on Co-Branded Accounts that are [redacted] are identified in the BASE algorithm Algorithm and [redacted]. Additional over-limit tests are completed on each transaction. [redacted]. Accounts in current standing will be permitted to use [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 status of the decision key valueskeys. [redacted] ]. If any of the decision key values changea transaction amount cannot be accommodated [redacted], the percentage of transaction is assigned a decline indicator and a decline response is sent back to the line that the account is permitted to use may changePOS/merchant. [redacted] Accounts that are past due by more than [redacted] days or more will be flagged by BASE with a decline indicator, regardless of the status of the decision keys, except for accounts other risk criteria. [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], the transaction will be assigned a decline indicator and a decline response is sent back to the POS/merchant. [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 POS/merchant 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 POS/merchant and the transaction will be declined. [redacted]. [redacted] All current accounts in good standing (no past due payments or authorization blocks) are permitted to [redacted] and will receive approval for authorization requests when the open-to-buy (OTB) amount is greater than the amount of the purchase authorization request. Current accounts in good standing may be permitted to [redacted]. If the highest priority indicator returned has a “Referral” action codetransaction amount cannot be accommodated [redacted], the transaction will be [redacted] has assigned either a referral or decline indicator and the ability response is sent to approvethe POS terminal. Similar to the rules defined for the current accounts, 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 delinquent accounts [redacted]. The process is automated, and although it occurs at time of authorization, any increase has no bearing Separate cash credit lines are maintained for each account. Accounts with cash/quasi cash activity will be evaluated relative to both the exposure on the decision to authorize cash limit (a nested credit line) and overall credit limit for the transaction account. Cash advance and quasi-cash risk strategies will be built similarly in the new systems environment and these strategies may be tested against other than changing the line of credit“cash” risk strategies using random digit assignment and controls. 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].