Maximum Amount Decrease Option Sample Clauses

Maximum Amount Decrease Option. From and after September 30, 2022 but prior to the Funding Expiration Date, Seller may, on one or more occasions but not more frequently than two (2) times during any calendar year, elect to decrease the Maximum Amount (the exercise of any such decrease option, a “Decrease Option”), in each case, by giving written notice thereof to Buyer; provided, that no Decrease Option shall be effective unless each of the following conditions are satisfied both before and after giving effect to such decrease: (i) Seller shall have delivered written notice of such decrease to Buyer at least three (3) Business Days’ prior to the proposed effective date therefor, which notice shall be signed by a Responsible Officer of Seller and shall specify the requested decrease amount; (ii) any such requested decrease shall be in minimum increments of $50,000,000, and (iii) after giving effect to such decrease, the Maximum Amount will not be an amount less than the greater of (x) $150,000,000 and (y) the then-current Aggregate Amount Outstanding.
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Related to Maximum Amount Decrease Option

  • Price Increase/Decreases No price increases will be permitted during the first period of the Contract. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

  • Price Increase/Decrease No price increases will be permitted during the first period of the price agreement. The County requires documented proof of cost increases on Contracts prior to any price adjustment. A minimum of 30-days advance notice in writing is required to secure such adjustment. No retroactive price adjustments will be considered. All price decreases will automatically be extended to the County of Orange. The County may enforce, negotiate, or cancel escalating price Contracts or take any other action it deems appropriate, as it sees fit. The net dollar amount of profit will remain firm during the period of the Contract. Adjustments increasing the Contractor’s profit will not be allowed.

  • Maximum Amount In consideration of the services to be performed by Contractor, the State agrees to pay Contractor, in accordance with the payment provisions specified in Attachment B, a sum not to exceed $250,000.00.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

  • Increase of Commitment Increase the amount of the Revolving Credit Commitment of any Lender hereunder without the consent of such Lender;