Current Limit definition

Current Limit means the portion of the Credit Limit made available to you by the Credit Provider on a Card Account to utilise for the purchase of goods and/or services from any Participating Branches by means of the Card. The Current Limit is as specified in the Pre-Agreement Statement and Quotation or as amended by the Credit Provider from time to time;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Current Limit means the currently applicable dollar limit under section 415(b)(1)(A) of the Code.

Current Limit means the portion of the Credit Limit made available to you by the Credit Provider on a Card Account to utilise for the purchase of goods and/or services from any Participating Branches by means of the Card. The Current Limit is as specified in the Pre- Agreement Statement and Quotation or as amended by the Credit Provider from time to time;

Examples of Current Limit in a sentence

• You will be liable for payment of the full amount by which the Current Limit and/or Credit Limit is exceeded.

• FUNDS WITH FISCAL YEAR END OF DECEMBER 31 AIM Funds Group Contractual/ Expense Effective Date of Expiration Fund Voluntary Limitation Current Limit Date ---- ------------ ---------- ----------------- ----------------- AIM Basic Balanced Fund Class A Shares...............

• Contractual 1.75% April 30, 2004 October 31, 2006 AIM Investment Funds Contractual/ Expense Effective Date of Expiration Fund Voluntary Limitation Current Limit Date ---- ------------ ---------- ----------------- ------------- AIM China Fund Class A Shares...............

• FUNDS WITH FISCAL YEAR END OF AUGUST 31 AIM Counselor Series Trust Contractual/ Expense Effective Date of Expiration Fund Voluntary Limitation Current Limit Date ---- ------------ ---------- ----------------- --------------- AIM Floating Rate Fund Class A Shares...............

• The Borrower shall pay to the Facility Agent, for the account of the Lenders, on the Business Day following the date of the notice an amount equivalent to the sum of (i) the excess of the USD Amount over the Current Limit determined as per the date of the Facility Agent’s notice and (ii) the amount specified by the Facility Agent as the Break Costs and the other costs reasonably incurred, and losses suffered, by the Finance Parties as a result of the conversion.

• From the amounts so paid to the Cash Reserve Account, the Borrower shall be entitled to withdraw amounts by which the USD Amount is lower than the Current Limit, from the Business Day following receipt of notification by the Facility Agent.

• Upon receipt by the Facility Agent of such payment, or if the relevant USD Amount is equal to or lower than the relevant Current Limit on the day of the Facility Agent’s notice, the Cash Account Pledge shall be released by the Security Agent and the Lenders.

• Contractual/ Expense Effective Date of Expiration Fund Voluntary Limitation Current Limit Date ---- ------------ ---------- ------------------ -------------- Series II Shares.....................

• Contractual/ Expense Effective Date of Expiration Fund Voluntary Limitation Current Limit Date ---- ------------ ---------- ------------------ ------------- AIM Developing Markets Fund Class A Shares.......................

• The reduction of the Current Limit and/or Credit Limit will be effective upon delivery of the written notice.