Spend Power Sample Clauses

Spend Power. Available Spend Power is the specific amount of funds available to you for use in Debit Card or Extra Rewards Program transactions at any given time, and is limited to the lesser of your Max Spend Power, as defined below, or eighty (80%) percent of your Partner Account balance as of the last time we checked it, although it may be lower, and is subject to the limitations set forth in these Terms, as well as the Debit Card Cardholder Agreement (“Available Spend Power” is referred to in the Debit Card Cardholder Agreement as “Available Funding Source Balance”). Max Spend Power is the highest amount you are able to access regardless of your Available Spend Power and Partner Account balance and is assigned based on Extra’s proprietary risk model determination. Your Max Spend Power cannot exceed $1,500. In using Extra Services, including the EDPS, you acknowledge and agree that the total spending availability accessible to you at any given time for use in Debit Card or Extra Rewards Program transactions is limited to your Available Spend Power, as determined by Extra and displayed in the Extra App. We provide the Issuing Bank an authorization to approve transactions made using your Debit Card only if (i) you have sufficient Available Spend Power at the time of each transaction (ii) you have not exceeded other Transaction Limits under these Terms or the Debit Card Cardholder Agreement, and (iii) you are not otherwise in violation of these Terms or of the Debit Card Cardholder Agreement. We reserve the right to only authorize Extra Rewards Program purchases if (i) you have sufficient Available Spend Power at the time of each transaction (ii) you have not exceeded other Transaction Limits under these Terms or the Debit Card Cardholder Agreement, and (iii) you are not otherwise in violation of these Terms or of the Debit Card Cardholder Agreement. We will automatically evaluate your Available Spend Power when you:
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Spend Power. Available Spend Power is the specific amount of funds available to you for use in Debit Card or Extra Rewards Program transactions at any given time, and is limited to the lesser of your Max Spend Power, as defined below, or eighty (80%) percent of your Partner Account balance as of the last time we checked it, although it may be lower, and is subject to the limitations set forth in these Terms, as well as the Debit Card Cardholder Agreement (“Available Spend Power” is referred to in the Debit Card Cardholder Agreement as “Available Funding Source Balance” and in the OLOC Agreement, if applicable, as “Credit Limit”). Your Available Spend Power may also be reduced by transactions you make that are not yet repaid. Max Spend Power is the highest amount you could access prior to Available Spend Power calculations and is assigned based on Extra’s proprietary risk model determination. Your Max Spend Power cannot exceed $1,500. In using Extra Services, including the EDPS, you acknowledge and agree that the total spending availability accessible to you at any given time for use in Debit Card or Extra Rewards Program transactions is limited to your Available Spend Power, as determined by Extra and displayed in the Extra App. We provide the Issuing Bank an authorization to approve
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Related to Spend Power

  • Organization and Power The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

  • Organization, Good Standing and Power The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has the requisite corporate power and authority to own, lease and operate its properties and assets and to conduct its business as it is now being conducted. The Company and each Subsidiary is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification necessary, except for any jurisdiction in which the failure to be so qualified would not have a Material Adverse Effect.

  • Authorization and Power Such Subscriber has the requisite power and authority to enter into and perform this Agreement and the other Transaction Documents (as defined herein) and to purchase the Note and Warrants being sold to it hereunder. The execution, delivery and performance of this Agreement and the other Transaction Documents by such Subscriber and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary corporate action, and no further consent or authorization of Subscriber or its board of directors or stockholders, if applicable, is required. This Agreement and the other Transaction Documents have been duly authorized, executed and delivered by such Subscriber and constitutes, or shall constitute, when executed and delivered, a valid and binding obligation of such Subscriber, enforceable against Subscriber in accordance with the terms thereof.

  • Organization, Standing and Power Each of the Company and each of the Company’s Subsidiaries (the “Company Subsidiaries”) is duly organized, validly existing and in good standing under the Laws of the jurisdiction in which it is organized (in the case of good standing, to the extent such jurisdiction recognizes such concept), except, in the case of the Company Subsidiaries, where the failure to be so organized, existing or in good standing, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect. Each of the Company and the Company Subsidiaries has all requisite corporate or similar power and authority and possesses all Permits necessary to enable it to own, lease, operate or otherwise hold its properties and assets and to conduct its businesses as presently conducted (the “Company Permits”), except where the failure to have such power or authority or to possess the Company Permits, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect. Each of the Company and the Company Subsidiaries is duly qualified or licensed to do business in each jurisdiction where the nature of its business or the ownership, operation or leasing of its properties and assets makes such qualification necessary, other than in such jurisdictions where the failure to be so qualified or licensed, individually or in the aggregate, has not had and would not reasonably be expected to have a Company Material Adverse Effect. The Company has made available to Parent, prior to execution of this Agreement, true and complete copies of the Amended and Restated Articles of Incorporation of the Company in effect as of the date of this Agreement, together with all amendments thereto in effect as of the date of this Agreement (the “Company Articles”), and the Amended and Restated Regulations of the Company in effect as of the date of this Agreement, together with all amendments thereto in effect as of the date of this Agreement (the “Company Regulations”). Each of the Company Articles and the Company Regulations were duly adopted and is in full force and effect as of the date of this Agreement. Neither the Company nor any Company Subsidiary is in violation in any material respect of any provision of such documents.

  • Organization, Good Standing, Corporate Power and Qualification The Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a Material Adverse Effect.