Maximum Credit Limit. We will from time to time notify you of the maximum amount of credit which we will extend you under this Agreement. A portion of your credit limit, called the cash advance limit, will be available for cash advances. We may increase or decrease the credit limit or cash advance limit at anytime. The cash advance limit will be shown on your monthly statement. We will not be responsible for failing to extend credit to you under this Agreement. You agree not to allow the balance on your account to go over the maximum credit limit. We will not extend credit if: • The extension of credit would cause the balance of your account to exceed your credit limit or if the balance of your account already exceeds your credit limit, or • Anything has happened that allows us to declare your account in default and therefore immediately due, or • Your Card has been canceled or suspended, or • Your Card has expired. If we do extend credit under any of the conditions above, it will be covered by the terms and provisions of this Agreement. We may delay extending credit if you have previously sent us a payment check or other negotiable instrument which has been returned as unpaid for any reason.
Maximum Credit Limit. Your Maximum Credit Limit will appear on the folder in which you receive your Card and on your monthly statement. The credit limit is based on your creditworthiness and our underwriting standards. At our discretion, we may change your credit limit at any time, and may provide separate limits for purchases and for cash advances. We will notify you if we do, either by mail or through your monthly billing statement. You may request a change to your credit limit by contacting the Credit Union by telephone or mail. Your continued use of the card will show your agreement to any such increase. If you object to an increase in your credit limit, you must notify the Credit Union in writing. Upon receipt of such notice, your credit limit will be reduced to its prior limit; however, you will be responsible to pay any amounts by which you have exceeded the reduced limit. You agree to pay any amounts you owe that exceed your maximum credit balance upon demand. You agree we are not obligated to extend to you credit for any amount that would cause your outstanding balance to exceed your Maximum Credit Limit, or for any amount if your outstanding balance already exceeds your Maximum Credit Limit. Any increase in your Maximum Credit Limit requested by you will require you to make a new application for our approval. In assessing your credit limit under the provisions in this Section (either at our discretion or upon request): (a) we may and you authorize us to review your credit history, including consumer credit reports; (b) you authorize us to have this review made by third parties to determine whether you meet the criteria we have set for such an increase; and (c) this process shall not be pre- screening under the Fair Credit Reporting Act or other applicable laws or regulations based on our existing relationship and this Agreement. ATM and Over-the-Counter Cash Advance Limits. Advances at authorized ATM's are limited to a total of $500.00 during any 24-hour period. Over-the Counter cash advances are limited to three per day and based on your credit limit.
Maximum Credit Limit. The term “Maximum Credit Limit” has the meaning provided in Section 2.1 below.
Maximum Credit Limit. This Account is designed to give you a specific Maxi- mum Credit Limit, which is reflected on the Card carrier accompanying your Card, and also on your monthly statements. You agree that we may change this limit at any time, and we will notify you of any such change. You agree not to permit your unpaid balance to exceed the Maximum Credit Limit.
Maximum Credit Limit. The Maximum Credit Limit is hereby: (i) $215,000,000 for the period commencing the date of this Third Amendment through July 31, 2003; (ii) $193,500,000 for the period commencing August 1, 2003 through July 31, 2004 and (iii) $172,000,000 for the period commencing August 1, 2004 through the last day of the Current Term.
Maximum Credit Limit. Until the second day following the Closing Date, the aggregate amount advanced, less repayments, shall not exceed at any one time outstanding (the “Maximum Credit Limit”) the lesser of: (i) Three Million Dollars ($3,000,000.00); or (ii) the sum of (a) eighty (80%) percent of the Borrower’s “Qualified Accounts Receivable” (as hereinafter defined) and (b) fifty (50%) percent of Borrower’s “Qualified Inventory” (as hereinafter defined). On the third day following the Closing Date, the Maximum Credit Limit shall be reduced to the lesser of: (i) Two Million Five Hundred Thousand Dollars ($2,500,000.00); or (ii) the sum of (a) eighty (80%) percent of the Borrower’s Qualified Accounts Receivable and (b) fifty (50%) percent of Borrower’s Qualified Inventory. “Qualified Accounts Receivable” shall mean accounts receivable earned by Borrower in the ordinary course of business for services rendered and goods sold to customers for which no claims of offset or defense have been asserted (excluding such accounts only to the extent of such claim or offset has been asserted), and which, in
Maximum Credit Limit. My Maximum Credit Limit is indicated above. I agree never to allow the Outstanding Balance due on my Account to exceed the Maximum Credit Limit. I also agree that you are not obligated to pay any Advance or other charge against my Account that would make my Account Outstanding Balance exceed my Maximum Credit Limit. I agree to immediately repay, upon demand, any Outstanding Balance that exceeds the Maximum Credit Limit established hereunder. Any increases in my Maximum Credit Limit I request will require that a new application be approved in accordance with your then applicable underwriting standards and I must sign any additional agreements that in your opinion are necessary to secure your interest.
Maximum Credit Limit. Your Maximum Credit Limit will appear on the folder in which you receive your Card and on your monthly statement. At our discretion, we may change your credit limit at any time, and may provide separate limits for purchases and for cash advances. We will notify you if we do, either by mail or through your monthly billing statement. You may request a change to your credit limit by contacting the Credit Union by telephone or mail. Your continued use of the card will show your agreement to any such increase. If you object to an increase in your credit limit, you must notify Credit Union in writing. Upon receipt of such notice, your credit limit will be reduced to its prior limit; however, you will be responsible to pay any amounts by which you have exceeded the reduced limit. You agree to pay any amounts you owe that exceed your maximum credit balance upon demand. You agree we are not obligated to extend to you credit for any amount that would cause your outstanding balance to exceed your Maximum Credit Limit, or for any amount if your outstanding balance already exceeds your Maximum Credit Limit. Any increase in your Maximum Credit Limit requested by you will require you to make a written application for our approval. In assessing any increase to your credit limit under the provisions in this Section: (a) we may and you authorize us to review your credit history, including consumer credit reports;
Maximum Credit Limit. You will provide me with notice of my maximum credit limit, and I agree you may change my limit at any time. You may limit the amount of Cash that I may obtain from my Account to a portion of my maximum credit limit. I agree never to use my Card when the use will exceed my maximum credit limit. I also agree that you are not obligated to extend to me credit for an amount that would make my outstanding balance exceed my maximum credit limit or for any amount if my outstanding balance is already over the maximum credit limit. Any increases in my maximum credit limit I request will require that I make a written application for your approval. I will pay any amounts which exceed my maximum credit limit upon demand. You may re-evaluate my financial condition if I request a higher credit limit, or at any other time, and this may include obtaining a current credit bureau report, and/or asking me for current financial information. Based on such a review, you may immediately increase or reduce my credit limit or even revoke my Account without prior written notice.
