Business Limit definition

Business Limit the credit limit given to the Business and specified by us in writing, being the maximum amount of credit we will give to the Business under the Business Account.
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Business Limit the credit limit given to the Business and specified by us in writing, being the maximum amount of credit we will give to the Business under the Business Account. Business Representative: the representative nominated by the Business from time to time on the forms provided by us for this purpose and who is the main point of contact for Cardholders and for us and to whom the Cards and PINs and other information concerning the Bank of Scotland Business Credit Card will be delivered from time to time in accordance with this Agreement. Card: any credit card issued under this Agreement (including renewal, replacement and additional Cards).
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Examples of Business Limit in a sentence

  • The total of the Cardholder Limits must never exceed the Business Limit.

  • Provided that such change does not take the aggregate of the Cardholder Limits over the Business Limit, we will confirm and put into effect within 10 Business Days of receipt of such notification.

  • If the Business Limit is reduced, individual Cardholder Limits may also be reduced.

  • Generally we will tell you in advance if we intend to do this but there may be instances where such a reduction in the Business Limit is made by us without notifying you in advance.

  • You may request a lower Business Limit and tell us if you do not want the Business Limit to be increased by us.

  • The Permitted Non-Core Business Limit is exceeded on two consecutive Calculation Dates.

  • A Cardholder Limit cannot be increased by the Business such that the total of all Cardholder Limits exceeds the Business Limit.

  • Changes in the Business Limit will be agreed between us in writing, unless otherwise stated in this Agreement.

  • The total amount of the Cardholder Limits must never exceed the Business Limit.

  • If the Business Limit, or any part of it, has been unused for a period of six months we may agree with you to reduce the Business Limit, taking into account your Business Credit Card spending profile in the six months prior to that period.