Maximum Program Amount Clause Samples
The Maximum Program Amount clause sets a cap on the total funds or resources that can be allocated or disbursed under a specific program or agreement. In practice, this means that regardless of the number or size of individual transactions or requests, the cumulative total cannot exceed the specified maximum amount. This clause is essential for controlling financial exposure and ensuring that the parties involved do not exceed agreed-upon budgetary limits, thereby managing risk and maintaining fiscal discipline.
Maximum Program Amount. The Company will promptly notify the Sales Agent and the Alternative Sales Agents when the Maximum Program Amount has been sold pursuant to the Sales Agency Agreements.
Maximum Program Amount. The Company will promptly notify BNYMCM and the Alternative Sales Agent when the Maximum Program Amount has been sold pursuant to the Sales Agency Agreements.
Maximum Program Amount. Notwithstanding anything in this Agreement to the contrary, the Sales Agent shall have no further obligations with respect to any Issuance Notice if and to the extent the number of Issuance Shares sold pursuant thereto, together with the aggregate number of Common Shares previously sold under this Agreement and the Alternative Sales Agreements, shall equal or exceed the Maximum Program Amount.
Maximum Program Amount. EQR will promptly notify ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ and the Alternative Sales Agents when the Maximum Program Amount has been sold pursuant to the Sales Agency Agreements; and
Maximum Program Amount. The Company will promptly notify KBCM, the Forward Seller and the Alternative Sales Agents when the Maximum Program Amount has been sold pursuant to the Sales Agency Agreements.
Maximum Program Amount. The Company will promptly notify the Sales Agents, the Forward Sellers and the Forward Purchasers in writing when the Maximum Program Amount has been sold pursuant to this Agreement. Prior to receipt of such written notice, the Sales Agents, the Forward Sellers and the Forward Purchasers shall be entitled to assume for all purposes under the Agreement that the Maximum Program Amount has not been sold pursuant to this Agreement. Monitoring the status of the Maximum Program Amount shall be the Company’s sole responsibility.
Maximum Program Amount. EQR will promptly notify JPMorgan and the Alternative Sales Agents when the Maximum Program Amount has been sold pursuant to the Sales Agency Agreements; and
Maximum Program Amount. The Company will promptly notify SCUSA, the Forward Seller and the Alternative Sales Agents when the Maximum Program Amount has been sold pursuant to the Sales Agency Agreements.
Maximum Program Amount. The Company shall have responsibility for maintaining records with respect to the aggregate number and the aggregate Sales Price of Common Shares sold and for otherwise monitoring the availability of Common Shares for sale under the Registration Statement and for insuring that the aggregate number and aggregate Sales Price of Common Shares offered and sold does not exceed, and the price at which any Shares are offered or sold is not lower than, the aggregate number and aggregate Sales Price of Common Shares, i.e., the Maximum Program Amount, and the Floor Price authorized from time to time by the Board of Directors of the Company.
Maximum Program Amount. The Company will promptly notify Deutsche Bank and the Alternative Sales Agents when the Maximum Program Amount has been sold pursuant to the Sales Agency Agreements; and