the Credit Limit definition

the Credit Limit means the limit assigned and/or granted by BSN from time to time to the Cardholder which limit may be varied by BSN from time to time by giving the Cardholder adequate prior notice before the effective date of variation.
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the Credit Limit means a dollar amount set by us which may be amended by us from time to time and which reflects the credit we have agreed to extend to you at a particular point in time; and
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Examples of the Credit Limit in a sentence

  • We may, at our option, extend credit under the Account which exceeds the Credit Limit or the Cash Advance Limit.

  • You agree that we may obtain consumer credit reports from one or more credit reporting agencies or others in connection with opening or maintaining the Account, increasing the Credit Limit under the Account, or making any extension of credit to you under the Account.

  • We may reduce the Credit Limit or terminate your ability to receive further credit under this Agreement at any time without notice.

  • Bids shall not be rejected automatically if the maximum payment obligation attributed to registered Bids exceeds the Credit Limit at Bid submission but only after the process described in paragraph 2 of this Article.

  • The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction.

  • You agree we may change your Credit Limit (which will automatically also change your Cash Advance Limit) or cancel the Account if you exceed the Credit Limit or the Cash Advance Limit.

  • You agree not to use or permit others to use the Card, information from the Card, or a Credit Device if such use would cause either (i) the balance of the Account to exceed the Credit Limit we set from time to time or (ii) the balance of the outstanding Cash Advances to exceed the Cash Advance Limit applicable to such Credit Limit.

  • A decrease of the collaterals of a Registered Participant shall only be allowed if the Credit Limit after applying the requested decrease of the collaterals would be greater than or equal to zero.

  • If the maximum payment obligation connected with such registered Bids exceed the Credit Limit, the Allocation Platform shall issue automatically via the Auction Tool a warning to the Registered Participant to modify the Credit Limit.

  • If at any time or for any reason the total of all outstanding Loans and all other Obligations exceeds the Credit Limit (an "Overadvance"), Borrower shall immediately pay the amount of the excess to Silicon, without notice or demand.