Purchase Limit definition

Purchase Limit means $900,000,000, as such amount may be reduced from time to time pursuant to Section 1.1(b) or increased from time to time pursuant to Section 1.1(d). References to the unused portion of the Purchase Limit shall mean, at any time, an amount equal to (x) the Purchase Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

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Purchase Limit means $100,000,000, as such amount may be reduced pursuant to Section 2.01(b). References to the unused portion of the Purchase Limit shall mean, at any time, the Purchase Limit, as then reduced pursuant to Section 2.01(b), minus the then outstanding Capital of Receivable Interests under this Agreement.

Purchase Limit means $525,000,000, as such amount may be modified in accordance with the terms of Section 4.6(b).

Examples of Purchase Limit in a sentence

The parties hereto desire to increase the Purchase Limit and the Accordion Purchase Limit in the Agreement.
Capitalized terms used in this Purchase Limit Increase Request and not otherwise defined herein shall have the meanings assigned thereto in the Receivables Purchase Agreement.
If at any time the Aggregate Invested Amount exceeds the Purchase Limit, Seller shall pay to each Purchaser Agent for the benefit of the related Purchasers immediately an amount to be applied to reduce the Aggregate Invested Amount (ratably, according to each Purchaser’s aggregate Invested Amount), such that after giving effect to such payment the Aggregate Invested Amount is less than or equal to the Purchase Limit.
This letter constitutes a Purchase Limit Decrease Notice pursuant to Section 1.1(b) of the Receivables Purchase Agreement.
Capitalized terms used in this Purchase Limit Decrease Notice and not otherwise defined herein shall have the meanings assigned thereto in the Receivables Purchase Agreement.

More Definitions of Purchase Limit

Purchase Limit means the maximum percentage of allowances that may be purchased by an entity of a group of affiliated entities at an allowance auction.

Purchase Limit means $50,000,000, as such amount may be reduced pursuant to Section 1.1(b) of the Agreement. References to the unused portion of the Purchase Limit shall mean, at any time, the Purchase Limit minus the then outstanding Capital.

Purchase Limit means $200,000,000.

Purchase Limit has the meaning set forth in Section 1.01.

Purchase Limit means $295,000,000, which represents the sum of the Commitments of all Purchasers, as such amount may be reduced pursuant to Sections 1.1(b) or (c) of the Agreement. References to the unused portion of the Purchase Limit shall mean, at any time, the Purchase Limit minus the then outstanding Aggregate Investment.

Purchase Limit means $50,000,000.

Purchase Limit means $100,000,000.

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