Factoring Limit definition

Factoring Limit means $1,000,000.00.
Sample 1

Examples of Factoring Limit in a sentence

  • Loan repayable on demand- from Bank-- from Bank - Over Draft 18,89,47,127 19,91,66,273- ECB LOAN A/C - Buyers Credit90,99,360 2,26,98,447- M/S Canbank Factors Ltd., - Factoring Limit with Recourse1,67,35,128 2,31,22,456Total21,47,81,615 24,49,87,176Asset backed drop down Overdraft Limits Sanctioned by State Bank of India, are secured against the hypothecation of Book Debts (to the extent not factored with M/s.

  • The Bank may at any time unilaterally revoke or change the Global Factoring Limit, Factoring Limit, Guarantee Limit, currency of the assigned receivables, Maximum Invoice Maturity Period, Advance Payment Limit, Consideration, Interest Rate or Fees.

  • Factoring Limit: The maximum amount of the Accounts Receivable that the Company could transfer to China Aluminum Business is based on the 2021 Factoring Agreement.

  • If the payments under the Agreement are made in other currency than the currency of the Factoring Limit the Factor is entitled to exchange the received amounts into the currency of the Factoring Limit at the non-cash currency exchange rate specified by the Bank on the date when the funds are received into the account specified by the Factor.

  • Ltd clearly states about the Type of factoring Facility, which clearly shows 'Sale Bill Factoring Limit — With Recourse'.

  • The Factor may also unilaterally reduce the Factoring Limit, the Buyer’s Limit or exclude the Buyer from the List of Buyers.

  • Payments specified in the Agreement must be made in the currency of the Factoring Limit.

  • Technical and operational conditions necessary for the avoidance of harm- ful interference and for the limitation of exposure of the general public to elec- tromagnetic fields, where such conditions are different from those included in the general authorisation.

  • The Client may submit documents for financing to the Factor not later than the Factoring Limit Term.

  • The Client shall have the access to the information about the Factoring Limit, Buyers’ Limits, submitted Invoices, payments made by the Buyers, as well as other information related to its Factoring transactions on the Factoring Portal.

Related to Factoring Limit

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • 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.

  • Availability Block means $15,000,000.

  • Concentration Limit means at any time for any Obligor, the product of (i) such Obligor’s Specified Concentration Percentage, times (ii) the aggregate Unpaid Balance of the Eligible Receivables included in the Receivables Pool at the time of determination.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Obligor Concentration Limit At any time, in relation to the aggregate Unpaid Balance of Receivables owed by any single Obligor and its Affiliated obligors (if any):

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Consolidated First Lien Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated First Lien Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters of the Borrower most recently ended.

  • Encumbered Amount means, for the Class C( - ) Notes, an amount equal to

  • Available Equity Amount means a cumulative amount equal to (without duplication):

  • First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (i) Consolidated Total Indebtedness secured on a first lien basis, net of Unrestricted Cash, as of the last day of such Test Period, to (ii) Consolidated EBITDA for such Test Period.

  • Total Funded Debt means all Funded Debt of the Borrower and its Consolidated Subsidiaries, on a consolidated basis, as determined in accordance with GAAP.

  • Consolidated First Lien Net Debt means Consolidated Total Net Debt minus the sum of (i) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is not secured by any Lien on the Collateral and (ii) the portion of Indebtedness of the Borrower or any Restricted Subsidiary included in Consolidated Total Net Debt that is secured by Liens on the Collateral, which Liens are expressly subordinated or junior to the Liens securing the Obligations.

  • Facility Limit means $100,000,000 as reduced or increased from time to time pursuant to Section 2.02(e) or 2.02(h), as applicable. References to the unused portion of the Facility Limit shall mean, at any time of determination, an amount equal to (x) the Facility Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

  • Total Funded Indebtedness means, at any date, the aggregate principal amount of all Funded Indebtedness of Holdings and its Restricted Subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

  • 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.

  • Maximum Amount means the Maximum Amount as specified in § 1 of the Product and Underlying Data.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Senior Leverage Ratio means, for any date of determination (i) Consolidated Funded Indebtedness on such date of determination (excluding the Unsecured Note Indebtedness) to (ii) Consolidated Adjusted EBITDA for the applicable period of four consecutive fiscal quarters.

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of all Eligible Collateral Obligations included in the Collateral is less than or equal to 5.50 years.

  • 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.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.