Default Limit definition
Default Limit means the daily limit set for usage on the Card, for Cash Withdrawal or purchase of goods and services, subject to availability of funds in the Customer’s Account. The set default limit on the Card may be changed at any time by the Bank.
Default Limit is initially (Pounds)4,000,000 outstanding any one time and will be adjusted in accordance with Schedule 2 of the Transmission Agreement. The Agent may rely on a certificate of the Borrower as to the prevailing default limit.
Default Limit has the meaning given in clause 7.4
Examples of Default Limit in a sentence
The standard Limit Order is a Good ‘til cancelled Limit Order, and will therefore remain on the Spot Order Book until you cancel it ("Default Limit Order").
The Sections titled Client Information and Contacts, Fees and Reimbursement Amounts, Software, Client Online Account, Client Default, Limit of Liability, Indemnification, Client Confidential Information, Third-Party Services, Governing Law and Arbitration, Notices, Telephone Consumer Protection Act (TCPA) Consent, Entire Agreement, Severability, and No Third-Party Beneficiaries, will survive the termination of this Agreement.
More Definitions of Default Limit
Default Limit means the daily limit set for usage on the Card, for Cash Withdrawal or purchase of goods and services, subject to availability of funds in the Customer’s Account.
Default Limit means the daily limit set for usage on the Card, for Cash Withdrawal or