Program Limit definition

Program Limit means $50,000,000, or such lesser amount as may from time be specified by not less than ten (10) Business Days’ prior written notice by Servicer to the Program Agent and Seller from time to time. Any reduction of the Program Limit shall be irrevocable upon such notice being given and shall not be subject to reinstatement and each partial reduction of the Program Limit shall be in an amount equal to $1,000,000 or an integral multiple thereof.

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Program Limit means $100 million or such greater amount as the Seller and the Trust may agree upon in writing;

Examples of Program Limit in a sentence

No Purchase or Increase may be made hereunder if, after giving effect thereto, the Investment would exceed the Program Limit.
The Seller may, upon at least 30 days written notice to the Trust, reduce in part the unused portion of the Program Limit; provided that each partial reduction shall be in the amount of at least $1,000,000 or an integral multiple thereof and shall be effective on a Remittance Date.
In accordance with the terms and conditions set forth herein, Investors may or shall, as provided herein, instruct the related Managing Agent to purchase on its behalf through the Program Agent, Investor Interests from Seller from time to time in an aggregate amount not to exceed the Program Limit, and for each Investor Group in an aggregate amount not to exceed the Group Purchase Limit for such Investor Group, during the period from the date hereof to but not including the Amortization Date.
Subject to the terms and conditions of this Note and Agreement, to the extent funds are available within the Approved Kansas Work Program Limit, Payee shall make the advance and enter the amount on its books and records, which entry when made will be presumed correct, the date and amount of each advance, as well as the date and amount of each payment made by such Maker.
Each reduction in the Program Limit shall be applied to each Lender Group based upon the respective Pro Rata Shares of each Lender Group.

Program Limit means a dollar amount, determined for each

Program Limit means (i) for the period from (and including) October 15, 2003 to (but excluding) the earlier of (A) November 21, 2003 or (B) such date requested by the Issuer and agreed to in writing by the Agent, an amount equal to $1,200,000,000 and (ii) otherwise, $500,000,000."

Program Limit means $500,000,000.

Program Limit means $125 million or such greater amount as the Seller and the Trust may agree upon in writing;

Program Limit means $90,000,000, as such amount may be increased or decreased in accordance with Section 2.3 or Article XIII.

Program Limit means $30,000,000.

Program Limit means, at any time, the sum of the CP Conduit Funding Limits then in effect; provided, that the Program Limit may not at any time exceed 98.04 % of the Aggregate Commitment at any time in effect; provided, further, that from and after the Termination Date, the Program Limit shall at all times equal the Net Investment.