Only Dedicated Server and VPS accounts can send and receive unlimited emails per hour, and do not have the restrictions stated above.
There is a 100 hourly outgoing e-mail limit per domain on all shared servers. This means each addon/subdomain gets its own separate 100 outgoing emails per hour limit. This limit is also applied towards mailing lists. If you send over this amount in any hour, the e-mails will fail and may bounce back with an 'undelivered error'.
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