Approval Limit definition

Approval Limit has the meaning ascribed to such term in Clause 6.3.
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Approval Limit any limit established by us in discussion with you and notified to you from time to time in relation to the maximum value of Invoices owing by some or all of your Customers expressed either as a fixed monetary amount or a percentage of all your Invoices outstanding from time to time; “Approved Invoice” all or part of any Notified Invoice not classified by us as Disapproved and “Approved” shall be construed accordingly;
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Approval Limit means the amount up to which the Credit Insurer has given its Approval in relation to the Approved Receivables.
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Examples of Approval Limit in a sentence

  • For security reasons, we will establish an Approval Limit on the dollar amount of purchases or cash withdrawals you may make.

  • Credit Suisse First Boston (EURO)36,580,000 First Union National Bank $15,000,000 provided that, in the case of First Union National Bank, such Swing Line -------- Approval Limit shall not be increased without the approval of First Union National Bank.

  • We may unilaterally vary the Advance Rate, Approval Limit, Review Limit, proportion of your Export Invoices in respect of which we will make Advances or any Reserve in accordance with this Agreement.

  • The "Replacement, Extension and Improvements Cost Approval Limit" is defined as $1,000,000, and may be increased or decreased from time to time by mutual agreement of the parties.

  • Notwithstanding anything herein, all expenditures of cost and capital exceeding *** will require the approval of the Veolia General Manager and may require additional approvals as defined below in the Approval Limit Table.