Spending Limit means (subject to Clause 4.1) any daily restriction on the amount that the Cardholder can spend when making a Transaction. The Spending Limit on a Deposit Card will be set at zero;
Spending Limit means the amount set by Shell and expressed in Euro, up to which limit Shell provides the opportunity to use the Card with the option of deferred payment, and which amount is based on the assessment of commercial solvency performed by Shell or a third party based on data provided by the User and on publicly accessible data, or, if Shell has also requested security from the User, based on the security provided by the User. Shell monitors the amount of the Spending Limit such that it includes the consideration payable for purchases which have already been invoiced as well as purchases not yet invoiced but registered in the system. The Spending Limit is for information purposes only with regard to the value of services intended to be purchased by the User and does not mean that the User's cards will automatically be barred if the amount is exceeded. Shell may amend or cancel the Spending Limit at its discretion upon notice to the User. The User agrees that, if requested by Shell or Agent, it shall transfer to Shell or Agent all financial and company information (e.g. balance sheet, etc.) required for the Spending Limit or the (repeated) performance of the assessment, within 10 business days at the latest. Failure to provide such information shall be considered a breach of contract.
Examples of Spending Limit in a sentence
The Bank may, at any time in its absolute discretion and without assigning any reason, refuse to approve any proposed Card Transaction notwithstanding that the total debit balance on the Card Account at such time would not have exceeded the Daily Spending Limit, Transaction Limit, Credit Limit and/or Department Limit, if any, and which would not have infringed the Merchant Category Code Check, then applicable to the Card Account if the amount of such Card Transaction was debited thereto.
More Definitions of Spending Limit
Spending Limit means the maximum daily limit prescribed by us in respect of your Debit Card Transactions; and
Spending Limit means, subject to the available balance in Your Account, any daily restriction on the amount that the Cardholder can spend when making a Transaction.
Spending Limit means the amount of available funds in an Account or the authorized overdraft limit assigned to an Account.
Spending Limit means the maximum permissible limit prescribed by us in respect of total Card transactions effected in a day.
Spending Limit means the maximum permissible limit prescribed by us in respect of all Debit Transactions effected in a day or otherwise (including the use of the Card to effect a Transaction via the terminals operated by Network for Electronic Transfers Pte Ltd and/or Electronic Services) and all Credit Transactions;
Spending Limit. – means the maximum permissible limit prescribed by BOC in respect of total Card Transactions effected in a day (including the use of the Debit Card to effect a transaction via the terminals operated by BOC or MasterCard or China Union Pay Network).
Spending Limit means the maximum permissible limit prescribed by us or agreed between us in respect of total Card transactions effected in a day;