Unsecured Credit Limit Sample Clauses

Unsecured Credit Limit. The Unsecured Credit Limit is provided in the table below: Credit Ratings (Seller Guarantor) Unsecured Credit Limits ($ in Millions) S&P and/or Fitch Rating Xxxxx’x Rating Fixed Amount AA- or higher Aa3 or higher $15.0 A+, A A1, A2 $12.5 A- A3 $10.0 BBB+ Baa1 $7.5 BBB Baa2 $5.0 BBB- Baa3 $2.5 Below BBB- / Unrated Below Baa3 / Unrated $0
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Unsecured Credit Limit. The Unsecured Credit Limit is provided in the table below: Credit Rating (Supplier or Guarantor) Unsecured Credit Limit (the lesser of) S&P Xxxxx’x Fitch % Tangible Net Worth Guarantee Amount Fixed Amount AA- or higher Aa3 or higher AA- or higher 12% TNW Per § 7.1 $30 million A+, A A1, A2 A+, A 10% TNW Per § 7.1 $25 million A- A3 A- 8% TNW Per § 7.1 $20 million BBB+ Baa1 BBB+ 6% TNW Per § 7.1 $15 million BBB Baa2 BBB 4% TNW Per § 7.1 $10 million BBB- Baa3 BBB- 2% TNW Per § 7.1 $5 million Below BBB- or unrated Below Baa3 or unrated Below BBB- or unrated 0% TNW Per § 7.1 $0
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Unsecured Credit Limit. As of the Effective Date and at any time following the Effective Date and from time to time during the Term of Agreement, notwithstanding an Event of Default under Section 7.1.6, if Buyer’s Exposure exceeds Seller’s Unsecured Credit Limit pursuant to Section 9.6, Buyer may demand that Seller provide Performance Assurance in an amount equal to the amount by which the Unsecured Credit Limit is exceeded rounded up to the nearest $250,000.00. If Seller fails to provide such Performance Assurance to Buyer within two (2) Business Days of receipt of notice, then an Event of Default under Section 7.1.6 shall be deemed to have occurred and Buyer will be entitled to the remedies set forth in Section 7.2 of this Agreement. If Seller disputes the amount of Performance Assurance requested by Buyer and such dispute relates to the amount of Market Exposure claimed by Buyer, then Seller shall (i) provide the full amount of Performance Assurance demanded by Buyer and (ii) notify Buyer of the existence and nature of the dispute not later than one (1) Business Day following the date that the demand for Performance Assurance is made. The Parties thereafter shall promptly consult with each other in order to reconcile the two conflicting amounts. If the Parties have not been able to resolve their dispute on or before the second Business Day following the date that the notification is made by Seller, then Market Exposure shall be recalculated by Buyer using the arithmetic average of one quotation from a recognized market-maker provided by Seller and one quotation from a recognized market-maker provided by Buyer. Performance Assurance shall be posted or returned in accordance with such recalculation. When the Amount of Performance Assurance held by Buyer is greater than the amount by which Buyer’s Exposure exceeds Seller’s Unsecured Credit Limit, then upon request of Seller, Buyer shall return the excess Performance Assurance, rounded down to the nearest $250,000.00 to Seller within two (2) Business Days of receipt of such request. If Buyer disputes the amount of Performance Assurance requested by Seller to be returned, then Buyer shall notify the Seller of the existence and nature of the dispute not later than one (1) Business Day following the date that the request for the return of Performance Assurance is made. The Parties thereafter shall promptly consult with each other in order to reconcile the two conflicting amounts. If the Parties have not been able to resolve their dis...
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Related to Unsecured Credit Limit

  • Credit Limit 1. The Allocation Platform shall calculate and continuously update the Credit Limit of each Registered Participant in respect of each subsequent Auction. The Credit Limit shall be equal to the amount of the collaterals in place minus any outstanding payment obligations. In case of a Bank Guarantee such Bank Guarantee shall be only considered if the requirements in Article 20 related to its validity for the respective Auction are fulfilled. The Allocation Platform shall make this information available to each Registered Participant individually through the Auction Tool.

  • COMBINED CREDIT LIMIT 3.1 Must not exceed combined credit limit Subject to clause 12.2, you must not use the card such that the total outstanding balance exceeds your combined credit limit.

  • Credit Limits 18.1 The Client understands that:

  • Credit Line If your application is approved by us, this agreement will constitute a revolving line of credit for an amount which will be the credit line under your Account. We will advise you of the amount of your credit line. That amount will be the maximum amount you may have outstanding at any time. You agree not to attempt to obtain more credit than the amount of your credit line. However, if you temporarily exceed your credit line, you agree to repay the excess immediately, even if we have not yet billed you. Obtaining such credit does not increase your credit line and if you exceed your Credit Limit repeatedly, we may suspend your credit privilege under this Agreement. We retain the right to increase or decrease your credit line at any time for any reason. Any increase of reduction on the limit of your credit line will be shown on your monthly statement or by separate notice together with any changes in the applicable minimum monthly payments. Your eligibility for this credit line is determined by our loan policy and may be terminated at our sole discretion, without demand or notice. You may close your credit line at any time by notifying us in writing and returning all Cards cut in half. If you terminate this Agreement or if we terminate or suspend your credit privileges, the provisions of this Agreement and your liability hereunder shall otherwise remain in full force and effect until you have paid us all sums due under this Agreement and returned all Cards.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Total Credit Award GO-Biz, upon approval by the Committee and conditioned upon the requirements set forth in this Agreement, will award Taxpayer a California Competes Tax Credit ("CCTC") in the amount of one hundred thousand dollars ($100,000.00) (“Credit”). Specifically, Taxpayer is receiving a CCTC against the “net tax” as defined in RTC section 17039, or the “tax” as defined in RTC section 23036, as applicable, pursuant to RTC section 17059.2 or 23689, as applicable.

  • Applicable credit limit Each supplementary cardmember must not carry out card transactions such that the outstanding balance incurred by such supplementary cardmember exceeds the lower of the credit limit assigned to such supplementary cardmember or the account credit limit. The basic cardmember and all supplementary cardmembers must not carry out card transactions such that the total outstanding balance respectively incurred by them exceeds the combined credit limit.

  • Commitment Charge; Credit; Maturity Premium (a) The Borrower shall pay a commitment charge on the unwithdrawn amount of the Loan at the rate and on the terms specified in the Loan Agreement.

  • Loan Amount 5. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

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