Overall Limits definition
Examples of Overall Limits in a sentence
Overall Limits Automatic coverage of any risk for Life Insurance with or without Waiver of Premium Disability benefits shall be granted under this Agreement only if, according to the Ceding Company's papers, the overall sum in force and applied for on the same life with all insurance companies does not exceed $10,000,000 of Life Insurance with or without Waiver of Premium Disability benefits.
It is agreed between the parties that the facilities disbursed in such multiple loan accounts may have a varied rate of interest as may be agreed mutually between the parties at the time of each disbursement and as stipulated in the in the sanction letters subsequently issued for various Facility Products to be granted within the Overall Limits.
Provided, however, the aggregate amounts of all the Limits shall not at any point of time exceed the amount of the Overall Limits.
All outstanding amounts of interest, commission, discount, exchange, service charges and other costs, charges and monies in respect of the respective Facilities, whether debited to the cash credit account or not, shall also be included in determining the availability of the Overall Limits.
The Facilities shall be interchangeable at the sole discretion of the Lender within the Overall Limits.
It is agreed between the parties that the facilities disbursed in such multiple loan accounts may have a varied rate of interest and different repayment date or repayment schedule as may be agreed mutually between the parties at the time of each disbursement and as stipulated in the in the sanction letters subsequently issued for various facilities to be granted within the Overall Limits.
After the date upon which the Overall Limits are reached, (i) [***] to [***] and [***] after such date, and (ii) [***] on [***] pursuant to [***], until the earlier of the occurrence of [***] or the [***] to [***].
Overall Limits Automatic coverage of any risk for Life Insurance with or without Waiver of Premium Disability benefits shall be granted under this Agreement only if, according to the Ceding Company's papers, the overall sum in force and applied for on the same life with all insurance companies does not exceed 1,500.000 of Life Insurance with or without Waiver of Premium Disability benefits.