Overlimit Charge Sample Clauses
An Overlimit Charge clause defines a fee that is imposed when a customer exceeds a predetermined credit or usage limit on an account or service. Typically, this clause specifies the circumstances under which the charge applies, such as when a credit card balance surpasses the assigned credit limit, and outlines the amount or method of calculating the fee. Its core practical function is to discourage customers from exceeding agreed-upon limits and to compensate the provider for the additional risk or administrative burden associated with over-limit activity.
Overlimit Charge. Borrower’s Credit Line Account may be charged $27.00 if Borrower causes Borrower’s Credit Line Account to go over Borrower’s Credit Limit.
Overlimit Charge. Each time your New Balance exceeds your maximum authorized credit we will impose an Overlimit Charge of $"Overlimit Charge".
Overlimit Charge. This account is not subject to over limit fees..
Overlimit Charge. Cardholder shall not use the Card or permit the use of Related Cards to obtain Credit Purchase or Loans, which will increase Cardholder’s Visa indebtedness to Issuer to an amount in excess of the limit established by Issuer. Member will only be allowed to go over limit 2% of Credit limit.
Overlimit Charge. For all Cards except VISA Signature Cards and VISA Signature Preferred Banking Credit Cards there is an overlimit charge of $39.00 if you exceed your Available Credit Limit during any billing cycle.
Overlimit Charge. If Company’s Account balance exceeds Company’s pre-established credit limit by 10% or more, Company will be charged an Overlimit Charge of $15. This fee will be charged only once per month, regardless of the number of times the Account balance exceeds Company’s credit limit in any given billing cycle. Return Check/ACH Fee: If any payment Company sends us is returned unpaid for any reason, Company agrees to pay a Returned Check Fee as set forth in our Fee Schedule. Annual Fee: An Annual Fee of $35 will be charged to the Account each year in the anniversary month of the Account. The Annual Fee will be charged as long as the Account is open, whether or not Company has active charging privileges. SECURITY: COMPANY AND THE AUTHORIZED OFFICER SPECIFICALLY GRANT US A CONSENSUAL SECURITY INTEREST IN ALL ACCOUNTS COMPANY AND THE AUTHORIZED OFFICER HAVE WITH US NOW AND IN THE FUTURE TO SECURE REPAYMENT OF CREDIT EXTENSIONS MADE UNDER THIS AGREEMENT. THE GRANTING OF THIS SECURITY INTEREST IS A CONDITION FOR THE ISSUANCE OF ANY CARD WHICH COMPANY MAY USE, DIRECTLY OR INDIRECTLY, TO OBTAIN EXTENSIONS OF CREDIT UNDER THIS AGREEMENT. ADDITIONAL SECURITY: If Company or the Authorized Officer has other loans with us, now or in the future, collateral securing those loans may also secure Company’s obligations under this Agreement.
Overlimit Charge. If as at any point of time during a statement cycle the outstanding balance exceeds the credit limit, a charge is payable and shall be posted to the Statement the Company issues for that relevant statement cycle.
Overlimit Charge. If the outstanding debit balance under the Card Account exceeds the credit limit assigned to it at any point of time during a statement cycle, a charge is payable and shall be posted to the Statement the Bank issues for that relevant statement cycle.
Overlimit Charge. There is an overlimit charge of $35.00 if you exceed your Available Credit Limit during any billing cycle.