Budget Limit definition
Examples of Budget Limit in a sentence
MFGT cannot be obliged to provide any Express Service if the Budget Limit currently available to the System User fails to cover the fee of the requested quantity.
The Budget Limit specified in Section I.1.a) shall be available to the System User to use Express Services.
MFGT shall send a statement to the System User on the Express Services used in the relevant month, on the sum of services purchased against it and on the current balance of the Budget Limit, each month, for the last day of the calendar month as the reporting date.
System User can use the Budget Limit pursuant to the conditions herein – depending on the available capacities – at its own discretion.
System User can use the Budget Limit pursuant to the conditions herein – depending on the avalaiable capacities – at its own discretion.
The Budget Limit fee specified in I.1.a) – that is the Service Fee payable for using Express Services – shall be: HUF + VAT.
Following the storage year 2021/2022, MFGT shall inform the System User using a balance statement format with regard to the extent of the unspent Budget Limit for the reporting date of 31.03.2022.
HUF + VAT Budget Limit shall be available to the System User to use Express Services.
In the event that System User does not spend 50% of the Budget Limit during the storage year 2021/2022, the difference between 50% of the Budget Limit and the Budget spent cannot be used after storage year 2021/2022, will not be refunded by MFGT, and therefore shall be settled as “Take or Pay” TOP obligation.
Throughout the term of this contract, the Budget Limit may be raised twice with the proviso that it may be increased in each case by maximum 50%, hence the increased budget limit maximum can be the double of the budget limit specified in subsection 1).