Upper Limit definition

Upper Limit means a specified maximum amount of costs which may be claimed under a Unit of Work, but which may be extended on application. An Upper Limit operates in the same way as a Costs Limitation;

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Upper Limit means that number calculated by formula P + e (where e is the error determined from tables 4-53) and designated as U.

Upper Limit means, in respect of any relevant Range Accrual Day, the limit specified in the applicable Final Terms.

Examples of Upper Limit in a sentence

Seller shall make a payment to Buyer (the “SDD Administrative Charge”) for each Settlement Interval in a month if Metered Energy (i) exceeds the Performance Tolerance Band Upper Limit or (ii) is less than the Performance Tolerance Band Lower Limit, in any Settlement Interval.
An Adjustment will be calculated for each Settlement Interval in a month if the Metered Energy is either (a) less than the Performance Tolerance Band Lower Limit in any Settlement Interval or (b) greater than the Performance Tolerance Band Upper Limit in any Settlement Interval.
The DESIGN SECTION ENGINEER further understands and agrees that all the services required to properly complete the services will be at or below the total estimated fee (Upper Limit of Compensation) established for this contract, and that only upon receipt of correspondence modifying the established scope of services for this contract from the Chief Engineering Officer, will any portion of the “Additional Services” provision of the said proposal Exhibit B be utilized.
Substitute the correct Lower Limit and Upper Limit in the table above to determine deductibility in any particular year.
Under the latter situation, WFOE is entitled to exercise the Stock Option in installments in accordance with the gradual relaxation of the Upper Limit allowed by PRC Laws and Regulations until all the Stock Option has been exercised.

Upper Limit has the same meaning as stipulated in Article 3.2 of this Agreement.

Upper Limit for any Contract means a price of ten per cent (10%) or such other percentage as the Exchange may prescribe from time to time above the settlement price at the close of the previous Trading Day for the Contract; and

Upper Limit means the percentage or number specified as such in the relevant Final Terms;

Upper Limit means, with respect to an Interest Accrual Period, the percentage or number specified as such in the relevant Final Terms;

Upper Limit means the product of (A) USD 600 million and (B) the Applicable Percentage, subject to reduction by an amount equal to the product of (x) any proceeds payable to Counterparty in respect of any Company Shares (as such term is defined in the Underwriting Agreement) pursuant to the Underwriting Agreement and (y) the Applicable Percentage.

Upper Limit means the percentage specified as such in the applicable Final Terms; and

Upper Limit means the percentage specified as such in the Final Terms.