Maximum Funded Amounts Clause Samples
The "Maximum Funded Amounts" clause sets a cap on the total amount of funds that a party, typically a lender or investor, is obligated to provide under an agreement. In practice, this means that even if additional costs or needs arise during the course of a project or transaction, the funding party is not required to contribute more than the specified maximum amount. This clause is essential for limiting financial exposure and providing certainty to both parties about the upper limit of funding commitments.
Maximum Funded Amounts. (a) The initial Class A Maximum Funded Amount of each Class A Certificate is as set forth on the related Class A Certificate. The Class A Maximum Funded Amount of each Class A Certificate may be reduced or increased from time to time as provided in the Class A Certificate Purchase Agreement. Increases and decreases in the overall Class A Maximum Funded Amount are not required to be made ratably among the various Class A Certificates. Any decrease in the Class A Maximum Funded Amount of any Class A Certificate shall be permanent, unless a subsequent increase in the Class A Maximum Funded Amount is made in accordance with the Class A Certificate Purchase Agreement.
(b) The initial Class M Maximum Funded Amount of each Class M Certificate is as set forth on the related Class M Certificate. The Class M Maximum Funded Amount of each Class M Certificate may be reduced or increased from time to time with the written consent of the related Class M Holder and as provided in the Class M Certificate Purchase Agreement. Any decrease in the Class M Maximum Funded Amount of any Class M Certificate shall be permanent, unless a subsequent increase in the Class M Maximum Funded Amount is made in accordance with the Class M Certificate Purchase Agreement.
(c) The initial Class B Maximum Funded Amount of each Class B Certificate is as set forth on the related Class B Certificate. The Class B Maximum Funded Amount of each Class B Certificate may be reduced or increased from time to time with the written consent of the related Class B Holder and as provided in the Class B Certificate Purchase Agreement. Any decrease in the Class B Maximum Funded Amount of any Class B Certificate shall be permanent, unless a subsequent increase in the Class B Maximum Funded Amount is made in accordance with the Class B Certificate Purchase Agreement.
(d) The initial Class C Maximum Funded Amount of each Class C Certificate is as set forth on the related Class C Certificate. The Class C Maximum Funded Amount of each Class C Certificate may be reduced or increased from time to time with the written consent of the related Class C Holder and as provided in the Class C Certificate Purchase Agreement. Any decrease in the Class C Maximum Funded Amount of any Class C Certificate shall be permanent, unless a subsequent increase in the Class C Maximum Funded Amount is made in accordance with the Class C Certificate Purchase Agreement.
Maximum Funded Amounts. The initial Maximum Class A Funded Amount of each Class A Certificate is as set forth on the related Class A Certificate. The Maximum Class A Funded Amount of each Class A Certificate may be reduced or increased from time to time as provided in the Certificate Purchase Agreement. Increases and decreases in the overall Maximum Class A Funded Amount shall be made ratably among the various Class A Certificates. The Maximum Class B Funded Amount may be reduced or increased from time to time (with notice to the Administrator) as provided in the Certificate Purchase Agreement.
Maximum Funded Amounts. 20 SECTION 7. Delivery and Payment for the Series 2004-VFC Certificates......21 SECTION 8. Article IV of Agreement........................................21 SECTION 9. Article V of the Agreement.....................................34