BoundNDArray(array,​lb,ub)

This function bounds an array of any dimension (N-D) between minimum and maximum values without using for loops.
In optimization for example, bounding arrays can be common bottlenecks so a fast approach (no for loops) is advantageous.
It achieves the same result as http://au.mathworks.com/matlabcentral/fileexchange/43251-bound-values-of-an-array but without for loops and error checking which makes it faster.