Program Limit Sample Clauses
Program Limit. The Seller may, upon at least 30 days written notice to the Trust, reduce in part the unused portion of the Program Limit; provided that each partial reduction shall be in the amount of at least $1,000,000 or an integral multiple thereof and shall be effective on a Remittance Date.
Program Limit. The aggregate Capital (as defined below) of the Purchasers shall not exceed $145,000,000 (the “Program Limit”). The Program Limit may at the option of the Seller be increased through the addition of new Purchasers or increases in the commitments of existing Purchasers. The total amount of any such increase in the Program Limit may not exceed $55,000,000. The aggregate amount of Capital shall not at any time exceed the lesser of: (i) the Program Limit; and (ii) the Net Receivables Pool Balance (as defined below) minus the Applicable Reserve (as defined below).
Program Limit. The Program Limit is Five Billion Dollars ($5,000,000,000) which may be increased subject to the approval of XLCA's credit committee.