Common use of Limitation on Advances by Participant Clause in Contracts

Limitation on Advances by Participant. Notwithstanding anything herein to the contrary or any adjustment to any Participant’s Percentage pursuant to subparagraph 4(A), the total of all payments required of any Participant to BNPPLC by this subparagraph 3(B) (excluding interest on past due payments required by subparagraph 3(B)(2)) because of Anticipated Advances (in contrast to Protective Advances) will not exceed the amount that would cause such Participant’s Participation Amount to exceed the Participation Amount specified for such Participant in Schedule 1.

Appears in 4 contracts

Samples: Participation Agreement (Lam Research Corp), Participation Agreement (Network Appliance Inc), Participation Agreement (Network Appliance Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.