Customer Account Credit Limit definition

Customer Account Credit Limit means the maximum amount of Debt that can remain outstanding and unpaid on a Customer Account.

Examples of Customer Account Credit Limit in a sentence

  • Royal Bank may also, at any time, refuse to permit the Debt owing on a Customer Account to exceed the Customer Account Credit Limit and require the Customer to pay any balances which exceed the Customer Account Credit Limit immediately.

  • However, Royal Bank may, from time to time (but is not required to), permit the Debt to exceed the Customer Account Credit Limit.

  • For each Commercial Card Product selected by the Customer, Royal Bank will set a Customer Account Credit Limit.

  • Royal Bank may increase or decrease any Customer Account Credit Limit at any time, without prior notice to the Customer.

  • The Customer Account Credit Limit represents the maximum credit available for all Cardholder Accounts under each Customer Account.

  • The Customer must observe the Customer Account Credit Limit, such that amounts owing on all Cardholder Accounts under each Customer Account must not exceed the Customer Account Credit Limit.

  • For a Finance Office Account, if applicable, the Program Administrator can set the Finance Office Account Credit Limit, through RBC NextLogic, up to the Customer Account Credit Limit.

  • Any increase to one or more Cardholder Account Credit Limits must remain less than, or equal to, the Customer Account Credit Limit.

  • Any increase to one or more Finance Office Account Credit Limits must remain less than, or equal to, the Customer Account Credit Limit.

  • Any increase to one or more Finance Office Account Credit Limit(s) must remain less than, or equal to, the Customer Account Credit Limit.

Related to Customer Account Credit Limit

  • FTR Credit Limit means the amount of credit established with PJMSettlement that an FTR Participant has specifically designated to be used for FTR activity in a specific customer account. Any such credit so set aside shall not be considered available to satisfy any other credit requirement the FTR Participant may have with PJMSettlement.

  • Credit Limit means the total dollar amount of the Account which we approved and which you may borrow against according to the terms of this Agreement.

  • Customer Account means an account carried by a Participant on behalf of a Customer.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Credit Line as defined in Section 2.1.

  • Customer Credit Liabilities means, at any time, the aggregate remaining balance reflected on the books and records of the Loan Parties at such time of (a) outstanding gift certificates and gift cards of the Loan Parties entitling the holder thereof to use all or a portion of the gift certificate or gift card to pay all or a portion of the purchase price for any Inventory, and (b) outstanding merchandise credits and customer deposits of the Loan Parties.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Credit Account is modified to read “Grant Account”.

  • Credit hour means 50 minutes of classroom instruction in

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Customer Account Information means personally identifiable information including Personal Data and Consumption Data. Customer Account Information also includes information received by the Company from the customer for purposes of participating in regulated utility programs, including, but not limited to bill pay assistance, shutoff protection, renewable energy, demand-side management, load management, or energy efficiency.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Reserve Account Withdrawal Amount means, with respect to any Distribution Date, the lesser of (x) any shortfall in the amount of Available Funds available to pay the amounts specified in clauses (i) through (xvii) of Section 5.7(a) (taking into account application of Available Funds to the priority of payments specified in Section 5.7(a) and ignoring any provision hereof which otherwise limits the amounts described in such clauses to the amount of funds available) and (y) the amount on deposit in the Reserve Account on such Distribution Date prior to application of amounts on deposit therein pursuant to Section 5.8.

  • Deactivation Avoidable Cost Credit means the credit paid to Generation Owners pursuant to Tariff, Part V, section 114. Deactivation Avoidable Cost Rate:

  • Facility Account means the account of Seller at Bank One, Account ---------------- No. 10-36987.

  • Client Account means the unique personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Card Account means the account maintained with the Bank in respect of the Card;

  • Cardholder Account is the account of a Cardholder as represented by a Card.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Service credit month means a full service credit month or an

  • Credit Card Advance Rate means 90%.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Designated Disbursement Account means the account of the Borrower maintained with the Administrative Agent or its Affiliate and designated in writing to the Administrative Agent as the Borrower’s Designated Disbursement Account (or such other account as the Borrower and the Administrative Agent may otherwise agree).

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Borrower Account has the meaning specified in Section 2.11(a)(ii).

  • credit meter means a meter where an account is issued subsequent to the consumption of electricity;