Discretionary Limit definition

Discretionary Limit means the amount of credit in respect of a Buyer for which we may be liable to you under the Policy where you have justified that amount in line with the terms and conditions of the
Sample 1Sample 2
Discretionary Limit means a Primary Limit granted under your Primary Policy without the need to refer to the insurer of your Primary Policy, provided that the conditions mentioned in your Primary Policy are fulfilled.
Sample 1Sample 2
Discretionary Limit means the amount shown in the Schedule as the discretionary limit which specifies the limit up to which the Insured is not required to obtain prior acceptance or approval from the Corporation but is required to notify the limit for availing insurance under this cover, on advances granted under post shipment export credit limits sanctioned by the Insured to any of the exporters classified as 'new' and yet to be classified under the extant asset classification norms of the Reserve Bank of India.
Sample 1

Examples of Discretionary Limit in a sentence

  • The credit limit may be either an Approved Limit issued by us in accordance with Section 2.02 (Limit request), or a Discretionary Limit set by you in accordance with Section 2.03 (Discretionary cover).

  • Discretionary coverIf we have not issued an Approved Limit, you may set a Discretionary Limit in accordance with the conditions for setting Discretionary Limits in the Special Terms.

  • The Discretionary Limit you set is subject always to the maximum Discretionary Limit applicable to the country of the Buyer.You may not set a Discretionary Limit for any Buyer excluded under Section 1.02 (What you are not covered for).

  • Accounts which are classified as new and accounts taken over from other banks are covered to the extent of the Discretionary Limit fixed for the Bank (Rs.100.00 lacs in case of our Bank) and advised in the cover document.

  • If the financial statement shows a positive tangible net worth (net worth minus total intangible assets) and positive operating, ordinary, and net results, you may set a Discretionary Limit up to the lesser of [25]% of the tangible net worth or the maximum Discretionary Limit applicable to the country of the Buyer specified in the Special Terms.

  • You may set a Discretionary Limit for a Buyer, up to the maximum Discretionary Limit for the Buyer’s country specified in the Country Limits Endorsement.

  • Limit requestWhere a Discretionary Limit is insufficient for the level of credit you intend to grant a Buyer, or if you intend to grant credit on terms more favourable to the Buyer than the Maximum Terms of Payment in the Special Terms, you must submit a limit request to us or the Risk Service Provider if specified in the Special Terms.

  • The maximum aggregate liability of the Company for LOSS relative to a BUYER shall be the amount shown for the BUYER on the applicable endorsement or the amount of coverage afforded within their Discretionary Limit, if applicable, less the deductible or coinsurance.

  • Alternatively, you may justify a Discretionary Credit Limit yourself using, credit reports or trading Credit Limits experience as set out below, but the amount justified must not exceed the Maximum Discretionary Limit specified in Policy Schedule.

  • Discretionary LimitMeans the maximum amount of coverage as set forth in the Special Terms for a Buyer for which you do not have an Approved Limit but where you have qualified that amount, in writing, per the terms and conditions set forth in a Discretionary Limit Endorsement.


More Definitions of Discretionary Limit

Discretionary Limit means the amount of credit in respect of a Buyer for which we may be liable to you under the Policy where you have justified that amount in line with the terms and conditions of the Policy and the criteria set out in this endorsement, and.
Sample 1
Discretionary Limit means CAD100,000 in respect of Receivables denominated in Canadian Dollars and USD100,000 in respect of Receivables denominated in United States Dollars.
Sample 1

Related to Discretionary Limit

  • discretionary use means the use of land or a building provided for in this Bylaw for which a development permit may be issued upon an application having been made;

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Compensation Limit means the compensation limit of Section 401(a)(17) of the Code, as adjusted under Section 401(a)(17)(B) of the Code for increases in the cost of living.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Discretionary Assets means (i) securities that, if distributed, would be required to be registered under the Securities Act of 1933, as amended; (ii) securities issued by entities in countries that (A) restrict or prohibit the holding of securities by non-nationals other than through qualified investment vehicles, or (B) permit transfers of ownership of securities to be effected only by transactions conducted on a local stock exchange; and (iii) any assets that, although they may be liquid and marketable, must be traded through the marketplace or with the counterparty to the transaction in order to effect a change in beneficial ownership."

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • Plan Limit means the maximum aggregate number of Shares that may be issued for all purposes under the Plan as set forth in Section 5(a) of the Plan.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Discretionary Sale The meaning specified in Section 2.14(c).

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Actual Deferral Percentage means, for a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in the group) of (1) the amount of Employer contributions actually paid over to the Trust on behalf of the Participant for the Plan Year to (2) the Participant's Earnings for the Plan Year (or, provided that the Employer applies this method to all Employees for a Plan Year, the Participant's Earnings for that portion of the Plan Year during which he was eligible to participate in the Plan). Employer contributions on behalf of any Participant shall include: (i) his Elective Deferrals, including Excess Elective Deferrals of Highly Compensated Employees, but excluding (A) Excess Elective Deferrals of Non-Highly Compensated Employees that arise solely from Elective Deferrals made under the Plan or another plan maintained by an Affiliated Employer, and (B) Elective Deferrals that are taken into account in the Average Contribution Percentage test described in Section 5.10 (provided the ADP test is satisfied both with and without exclusion of these Elective Deferrals), and excluding Elective Deferrals returned to a Participant to reduce an Excess Amount as defined in Section 6.5(f); and (ii) if the Employer has elected to make Qualified Nonelective Contributions, such amount of Qualified Nonelective Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test; and (iii) if the Employer has elected to make Qualified Matching Contributions, such amount of Qualified Matching Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for his failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Highly Compensated Participant means any Highly Compensated Employee who is eligible to participate in the Plan.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Percentage means the percentage (which, unless the Administrator, in his or her sole discretion, determines otherwise, shall be in whole percentage increments and not more than 90%) specified by the Participant to be the percentage of each payment of Compensation he or she wishes to defer under the Plan.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Nonelective Contribution means an amount contributed by a participating

  • Eligible Participants means persons who, at a particular time, are employees, officers, consultants, or directors of the Company or its subsidiaries;

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.