Permitted Limit definition

Permitted Limit means the frequency of trips and/or the numbers of clients the Concessionaire is permitted in carrying out the Concession Activity specified in Clause 1 of Schedule 3. It also includes the new limit set below.

Permitted Limit has the meaning set out in Clause 7.5.

Permitted Limit means the maximum amount of credit and the specific conditions for which a Buyer is covered either as specified in the Permitted Limit Endorsement issued by us (or the Risk Service Provider named in the Risk Information Services Endorsement) or qualified per the Discretionary Limit Endorsement, if added to the Policy . The Permitted Limit may also be referred to as an Approved Limit in our communications with you.

Examples of Permitted Limit in a sentence

• In calculating the Permitted Limit as of any date, shares of the Company’s common stock that are not treated as outstanding for U.S. federal income purposes as of such date shall be disregarded.

• Accordingly, any increase in the Permitted Limit under this paragraph shall be limited solely to the minimum amount necessary to avoid a violation of the Permitted Limit.

• In the case of repurchases by the Company, the Permitted Limit shall be deemed automatically increased temporarily and only to the extent necessary so that the Otto Family’s increased Beneficial Ownership percentage resulting from any repurchase does not exceed the revised and temporary Permitted Limit.

• The Otto Family’s Beneficial Ownership of Company common stock may temporarily exceed the Permitted Limit solely as a result of redemptions by the Company of shares of the Company’s common stock and/or similar Company transactions that reduce (or have the effect of reducing) the outstanding shares of Company common stock (collectively referred to as “repurchases”).

• Any such temporary increase in the Permitted Limit above 22.0% shall automatically terminate to the extent that subsequent share issuances or other similar transactions increase (or have the effect of increasing) the outstanding shares of Company common stock as needed to restore the Permitted Limit to 22.0% or lower, as the case may be.

More Definitions of Permitted Limit

Permitted Limit means the maximum permitted level of aggregate amounts outstanding under all Notified Invoices of the Client and the Client Group Companies, from time to time, and specified under the Client Agreement;

Permitted Limit means the maximum amount of credit and the specific conditions for which a Buyer is covered as specified in the Permitted Limit endorsement issued by us or the Risk Service Provider named in the Risk In- formation Services endorsement. The Permitted Limit may also be referred to as an Approved Limit in our commu- nications with you.

Permitted Limit means, with respect to cases where the Credit Cover Percentage is not zero, a limit notified by the Bank to the Seller from time to - 7 - time for the purpose of determining, in respect of any Customer, whether a Debt is an Approved Debt or an Unapproved Debt;

Permitted Limit means a limit fixed by the Bank at its discretion and notified to the Client from time to time for the purpose of determining, in respect of any Customer, whether a Debt is an Approved Debt or an Unapproved Debt;

Permitted Limit means maximum residue limit, maximum level or other maximum tolerance for substances.

Permitted Limit means, in relation to assets of a relevant description—

Permitted Limit means Securities representing not more than 10% (ten percent) of the Share Capital of the Company (on a Fully Diluted Basis) on the Existing Investor I Completion Date.