Program Size definition
Examples of Program Size in a sentence
Manager will use its best efforts to maintain an Average Program Size of thirteen billion dollars ($13,000,000,000) or such other amount reasonably specified by the Company from time to time for the combined portfolios of the Company and Trinity Funding Company, LLC.
The Company hereby agrees to pay to the Manager a fee (the “Management Fee”) at an annual rate of sixteen and one-half (16.5) basis points (0.165%) of the Maximum Permitted Program Size of the Company as of the date hereof, payable quarterly in arrears; provided, however, that the Management Fee shall be pro rated to the date of termination in the event the Agreement is terminated pursuant to Article IV.
The Institutional Responsibility for Residency Program Closure or Reduction in Program Size Policy is under the tab entitled “Policies and Procedures” on Clinic’s Residency and Fellows Intranet website.
The Issuer shall pay the Collateral Agent such fee for its services as shall be agreed upon in writing by the Issuer and the Collateral Agent; provided, however, that the annual fees (which shall not include extraordinary fees) payable to the Collateral Agent shall not exceed 0.01% per annum on the weighted average of the Program Size.
This Agreement will automatically terminate with respect to new business once the Maximum Program Size is reached.
The Parties hereby acknowledge and agree that this Maximum Program Size is to be considered as one global Maximum Program Size for the Seller under this Agreement and for Taminco Inc.
The parties may change the Maximum Program Size or the Cut-Off Amount by agreement at any time.
The aggregate amount of Policy Liabilities that GELAAC may cede, and that Reinsurer will assume, under this Agreement shall not exceed $2 billion (hereunder the “Maximum Program Size”); provided, however, that the Reinsurer may increase the Maximum Program Size to $3 billion by providing 30 days prior written notice to GELAAC.
The aggregate liability of the Series 1997-1 Liquidity Lenders hereunder for any claim shall be limited to a percentage of the indemnity owing equal to the percentage that the Aggregate Liquidity Commitment is of the Program Size, and the liability of the GM Series 1997-1 Support Provider or any Series 1997-1 Support Letter of Credit Provider shall be limited to a percentage of the indemnity owing equal to the percentage that its Credit Enhancer Commitment is of the Program Size.
Program Size: The sum of the Series Program Sizes, as such limit may be increased or decreased in accordance with the Program Documents.