Common use of Maximum Aggregate Amount Clause in Contracts

Maximum Aggregate Amount. it will ensure that as of (i) each date on which AP makes an Application and (ii) each date on which the Application Amount is paid in respect of Commodity Securities, the aggregate number of Commodity Securities outstanding will not exceed the Programme Limit (after giving effect to the issuance of such Commodity Securities and of any other Commodity Securities to be issued, and to the redemption of Micro or Commodity Securities to be redeemed on or prior to such date)

Maximum Aggregate Amount. it will ensure that as of (i) each date on which AP makes an Application and (ii) each date on which the Application Amount is paid in respect of Commodity Metal Securities, the aggregate number of Commodity Metal Securities outstanding will not exceed the Programme Limit (after giving effect to the issuance of such Commodity Metal Securities and of any other Commodity Metal Securities to be issued, and to the redemption of Micro or Commodity Metal Securities to be redeemed on or prior to such date)