One time limit definition
One time limit means that the borrower can apply for the use limit one time or multiple times to obtain the loan according to the contract, but the total amount of the loan withdrawn shall not exceed the agreed limit. “Loan balance” refers to the sum of the principal amount of the loan obtained and outstanding by the borrower under this contract. “Line balance” refers to the amount of the line after deducting the loan balance (under the revolving line) or the total loan (under the one-time line).
One time limit refers to the limit that the borrower may apply to use once or multiple times to obtain loans in accordance with the provisions of this Contract, provided that the cumulative amount of loans withdrawn does not exceed the agreed limit.
Examples of One time limit in a sentence
The appeal must be filed within ten (10) work days of receipt of the written decision or within ten (10) work days of the expiration of the Level One time limit if no decision has been rendered.
If the grievance is not resolved at Level One, or if the immediate supervisor has not rendered a decision within the three (3) work day time limit, the grievant may appeal the decision in writing to the Director of Human Resources within three (3) work days of receipt of the written decision or within three (3) work days of the expiration of the Level One time limit if no decision has been rendered.
If the Level One time limit is exceeded by the grievant, the grievance will have been waived.