Available Limit definition

Available Limit means the value that results from deducting the current value of the Spending Balance from the Limit. Business Day means Monday to Friday, 9am to 5pm CET, excluding bank, national and public holidays in Malta. Card means each physical or virtual credit card, as set out in the Schedule, issued to You by Us pursuant to licence by the Card Scheme, linked to a Credit Card Processing Account, and permitted to be used in the Denominated Currency. References to a Card include all Card details, Security Details and PINs. Virtual credit cards shall not be accompanied by PINs. Card Scheme has the meaning defined in the Schedule. Card Services means any services provided by Us, Program Manager or any third-party service providers in connection with a Card.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Available Limit means the loan amount available for drawdown at any point of time by the Borrower from his overdraft facility.

Available Limit means the available limit of indebtedness, which the Borrower shall have the right to utilize.

Examples of Available Limit in a sentence

If the value of the Transaction plus any applicable fees exceeds the Available Limit, the Transaction will be declined, and applicable fees shall be charged to the Card in accordance with the provisions of the Schedule.
The Paying Client has the right to create an unlimited number of Applications for Guaranteed Payment within the amount of the Available Limit of Guaranteed Payments as of the moment of creation of each Application for Guaranteed Payment.
The Bank may (at its absolute discretion) revise and increase the Available Limit up to the Facility Amount and allow you to draw on such increased amount (such increased amount referred to as the “Relevant Increased Amount”) provided that the following conditions are satisfied (to the absolute satisfaction of the Bank): A.
Subject to the availability of funds to the Bank, the Facility will be available for drawdown by you from time to time on a revolving basis in multiple advances provided always that at any one time the aggregate principal sum of all advances made under the Facility and remaining unpaid shall not exceed the Available Limit applicable at that time.
Notwithstanding your request, OCBC has the absolute discretion to decide from time to time what the revised Available Limit will be and upon the conditions above being satisfied to the absolute satisfaction of OCBC, OCBC may allow you to draw up to the revised Available Limit as approved by OCBC in its absolute discretion.

More Definitions of Available Limit

Available Limit means the principal amount which may be advanced by the Bank under the Facility to the Customer from time to time being the lesser of:

Available Limit means, (i) in relation to a Tranche Facility, the limit amount under such Tranche Facility or the limit amount remaining after repayment, cancellation or revocation in accordance with this Agreement; (ii) in relation to this Credit Facility, the Total Credit Limit or the total limit amount under this Credit Facility remaining after repayment, cancellation or revocation in accordance with this Agreement.

Available Limit means the value that results from deducting the current value of the Spending Balance from the Limit. Business Day means Monday to Friday, 9am to 5pm CET, excluding bank, national and public holidays in Malta. Candis means ▇▇▇▇▇▇ GmbH trading as ‘CANDIS’, incorporated in Berlin, with registration number HRB 168078 and registered office address at ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇. Card means each physical or virtual credit card, as set out in the Schedule, issued to You by Us pursuant to licence by the Card Scheme, linked to a Credit Card Processing Account, and permitted to be used in the Denominated Currency. References to a Card include all Card details, Security Details and PINs. Virtual credit cards shall not be accompanied by PINs. Card Scheme has the meaning defined in the Schedule. Card Services means any services provided by Us, Program Manager or any third-party service providers in connection with a Card.

Available Limit means the available amount of Credit limit which Cardholder is allowed to spend.

Available Limit means the available balance placed by the Cardholder in the Card Account for the purpose of Cash withdrawal or Purchases Transactions using the Card within such a limit.

Available Limit means the amount Available to Spend on Big Things or Available to Spend on Little Things, as applicable. Available to Spend on Big Things means the Big Things Limit less sum of the Big Things Balance Owing and any amount for a Big Things purchase that has not yet happened but which we have preapproved. This is the amount you have "available to spend" on Big Things as specified in the humm Portal. Available to Spend on Little Things means the Little Things Limit less the Little Things Balance Owing. This is the amount you have "available to spend" on Little Things as specified in the humm Portal. Balance Owing means, at any time, the difference between all amounts credited and all amounts debited to your RCA at that time. When this amount is to be calculated at the end of a day, it includes all debits and credits assigned to that day. Big Thing means any Goods, Installation or Services identified in a Credit Schedule that we indicate is a "Big Thing" in relation to a purchase. Big Things Balance Owing means such part of the Balance Owing as relates to purchases of Big Things or as otherwise specified in the humm Portal.

Available Limit means the available balance value of the funds loaded onto a Card by the Parent and available for the Child to use for ATM cash withdrawal or for the purchase of goods and/ or services using the Card.