Maximum Funding Amount Clause Samples

Maximum Funding Amount. It is acknowledged that immediately prior to the signing of this Agreement, the remaining obligation of the Vendor to contribute to the Required Funds amounted to $1,310,050.00, as to $275,787.00 in the form of cash and $1,034,263.00 in the form of Lender loan (collectively, “Outstanding Contribution”). The Purchaser and the General Partner hereby confirms that with effect from the signing of this Agreement, the amount of $467,875.00 (as to $98,495.36 in the form of cash and $369,379.64 in the form of Lender loan) out of the Outstanding Contribution shall be contributed by the Purchaser in place of the Vendor.
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Maximum Funding Amount. The Parties agree that (i) the amounts of the Transferred Receivables which may be financed for the Company on any day cannot exceed the Maximum Funding Amount less the aggregate Financed Amounts as at such day and (ii) that, for the avoidance of doubt, the total amount of the Financed Amounts shall never exceed the Maximum Funding Amount.
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Maximum Funding Amount. CASIS’s obligation to make payments to Grantee is limited to at most the Total Maximum Funding Amount set forth in Section 4(a), unless this amount is modified by the parties in accordance with Section 5(a)(vii). Grantee acknowledges CASIS has made no representation to provide Grantee with any funding above the Maximum Funding Amount. Grantee further acknowledges that all activities under or pursuant to this Agreement are subject to the availability of funds, which is contingent upon CASIS receiving funding through its Cooperative Agreement from NASA. CASIS shall notify Grantee promptly if ▇▇▇▇▇ believes it will not be able to provide any portion of the Maximum Funding Amount under this Agreement, for any reason.
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Maximum Funding Amount. Recipient’s Deposit Account: Banking Authorization Form and void cheque attached
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Related to Maximum Funding Amount

  • Funding Amount “Funding Amount” means an amount not to exceed One Million Four Hundred Thousand Dollars ($1,400,000.00) of tax increment finance revenues to be used for paying the costs associated with the construction, equipping, inspection, and delivery of the Local Public Improvements.

  • Maximum Drawing Amount The maximum aggregate amount that the beneficiaries may at any time draw under outstanding Letters of Credit, as such aggregate amount may be reduced from time to time pursuant to the terms of the Letters of Credit.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.3 to the Trustees of the OECTA ELHT by the last day of each month from and after the Board’s Participation Date.

  • Maximum Interest Rate In no event shall any interest rate provided for hereunder exceed the maximum rate legally chargeable under applicable law with respect to loans of the Type provided for hereunder (the “Maximum Rate”). If, in any month, any interest rate, absent such limitation, would have exceeded the Maximum Rate, then the interest rate for that month shall be the Maximum Rate, and, if in future months, that interest rate would otherwise be less than the Maximum Rate, then that interest rate shall remain at the Maximum Rate until such time as the amount of interest paid hereunder equals the amount of interest which would have been paid if the same had not been limited by the Maximum Rate. In the event that, upon payment in full of the Obligations, the total amount of interest paid or accrued under the terms of this Agreement is less than the total amount of interest which would, but for this Section 3.3, have been paid or accrued if the interest rate otherwise set forth in this Agreement had at all times been in effect, then the Borrower shall, to the extent permitted by applicable law, pay the Agent, for the account of the applicable Lenders, an amount equal to the excess of (a) the lesser of (i) the amount of interest which would have been charged if the Maximum Rate had, at all times, been in effect or (ii) the amount of interest which would have accrued had the interest rate otherwise set forth in this Agreement, at all times, been in effect over (b) the amount of interest actually paid or accrued under this Agreement. If a court of competent jurisdiction determines that the Agent and/or any Lender has received interest and other charges hereunder in excess of the Maximum Rate, such excess shall be deemed received on account of, and shall automatically be applied to reduce, the Obligations other than interest, and if there are no Obligations outstanding, the Agent and/or such Lender shall refund to the Borrower such excess.