Maximum Credit Limit definition

Maximum Credit Limit means, in relation to a Revolving Credit Loan, the maximum credit limit set out in the Specific Terms, as reduced in accordance with this Agreement;

Maximum Credit Limit means, with respect to any Revolving Facility Borrower that is a Subsidiary of the Company (other than CALLC), an amount that the aggregate outstanding principal amount (or the Dollar Equivalent thereof if not denominated in Dollars) of its Revolving Facility Loans and Swingline Loans (if any) plus the maximum stated amount (or the Dollar Equivalent thereof if not denominated in Dollars) of outstanding RF Letters of Credit issued for its account may not exceed, as specified under Section 2.20.

Maximum Credit Limit means the maximum amount of the Line of Credit set forth in the Application, as the same may be increased from time to time by Lender by written notice to You.

Examples of Maximum Credit Limit in a sentence

• Default Interest will be calculated at the Default Rate on a daily basis from (and including) the date the relevant Event of Default occurs or the date on which the Maximum Amount or Maximum Credit Limit is exceeded (as applicable).

• If the Loan is a Revolving Credit Loan, the Borrower may throughout the Term, provided no Event of Default has occurred, borrow an amount equal to the Maximum Credit Limit less any amounts borrowed at that time.

• If an Event of Default occurs under clause 11.2(a) of this Agreement or if, at any time, the Maximum Amount or Maximum Credit Limit is exceeded, Interest shall be calculated on the unpaid amount or excess, as the case may be, at the Default Rate from the date on which such event occurs until the event is remedied.

More Definitions of Maximum Credit Limit

Maximum Credit Limit means the extent to which a co-operative society may receive deposits and loans from member and non- members;

Maximum Credit Limit has the meaning set forth in the Schedule.

Maximum Credit Limit means the aggregate Bank established maximum Account Balance that may be outstanding with respect to an Account or any Cardholder Account.

Maximum Credit Limit means $2,000,000.

Maximum Credit Limit means the total amount of credit committed to Borrower as detailed in the Loan Term Sheet.

Maximum Credit Limit means the total dollar amount Bank approves against which the Cardholder may make Purchases through the use of Cards; (f) “Cash Advance Limit” means that portion of the Maximum Credit Limit against which the Cardholder may get Cash Advances through any of the methods specified in this Agreement; (g) “Merchant” means a business displaying the MasterCard and/ or Visa signs; (h) “Overdraft Protection” means a service for qualified checking account clients of Bank’s affiliated financial institutions, which protects your designated checking accounts from overdrafts and rejected items by making automatic Cash Advances from your Cardholder Account.

Maximum Credit Limit means Twenty-Five Million Dollars ($25,000,000).