Authorised Amount Sample Clauses
The 'Authorised Amount' clause defines the maximum sum of money that a party is permitted to use, spend, or draw under a contract or agreement. Typically, this clause specifies a set monetary limit, which may apply to transactions such as loan disbursements, purchase orders, or expense reimbursements. By clearly establishing a financial ceiling, the clause helps prevent overspending and ensures that all parties are aware of the financial boundaries, thereby reducing the risk of disputes over unauthorized expenditures.
Authorised Amount the Issuer not issuing Notes under the Programme which will cause the outstanding amount of Notes to exceed the Authorised Amount, as may be amended from time to time;
Authorised Amount it may not waive the condition contained in Clause 3.2.3 (Accuracy of representations and warranties) so far as it relates to the representation and warranty contained in Clause 4.1.13 (Authorised Amount);
Authorised Amount it may not waive the condition contained in Clause 11.2(l) (Authorised Amount) or the condition contained in Clause 11.2(n);
Authorised Amount as of the Issue Date of any Tranche (after giving effect to the issue of such Notes and of any other Notes to be issued, and to the redemption of any Notes to be redeemed, on or prior to such Issue Date), the aggregate principal amount outstanding (as defined in the Agency Agreement) (expressed in Euro) of Notes issued under the Programme will not exceed the Authorised Amount and for this purpose:
(i) the principal amount of Notes denominated in a currency other than Euro shall be converted into Euro using the spot rate of exchange for the purchase of the relevant currency against payment of Euro being quoted by the Fiscal Agent on the date on which the Relevant Agreement in respect of the relevant Tranche was made or such other rate as the Issuer and the Mandated Dealer may agree;
(ii) any Notes which provide for an amount less than the principal amount thereof to be due and payable upon redemption following an Event of Default in respect of such Notes shall have a principal amount equal to their nominal amount;
(iii) any zero coupon Notes (and any other Notes issued at a discount or premium) shall have a principal amount equal to their nominal amount; and
(iv) the currency in which any Notes are payable, if different from the currency of their denomination, shall be disregarded;
Authorised Amount the Trustee shall not be concerned, and need not enquire, as to whether or not any Notes are issued in breach of the Authorised Amount;
Authorised Amount it may not waive the condition contained in Clause 3.2.14 (Authorised Amount);
Authorised Amount as of the Issue Date of any Tranche (after giving effect to the issue of such Notes and of any other Notes to be issued, and to the redemption of any Notes to be redeemed, on or prior to such Issue Date), the aggregate principal amount outstanding (as defined in the Agency Agreement) (expressed in U.S. Dollars) of Notes issued under the Programme will not exceed the Authorised Amount and for this purpose:
(i) the principal amount of Notes denominated in a currency other than U.S. Dollars shall be converted into U.S. Dollars using the spot rate of exchange for the purchase of the relevant currency against payment of U.S. Dollars being quoted by the Fiscal Agent on the date on which the Relevant Agreement in respect of the relevant Tranche was made or such other rate as the Relevant Issuer and the Mandated Dealer may agree;
(ii) any Notes which provide for an amount less than the principal amount thereof to be due and payable upon redemption following an Event of Default in respect of such Notes shall have a principal amount equal to their nominal amount;
(iii) any zero coupon Notes (and any other Notes issued at a discount or premium) shall have a principal amount equal to their nominal amount; and
(iv) the currency in which any Notes are payable, if different from the currency of their denomination, shall be disregarded;