Programme Amount Clause Samples
The 'Programme Amount' clause defines the maximum total value of securities or financial instruments that can be issued under a specific programme. In practice, this clause sets a cap on the aggregate principal amount of all notes or bonds that may be outstanding at any one time, ensuring that issuances do not exceed a predetermined limit. Its core function is to provide clear boundaries for both issuers and investors, managing risk and ensuring transparency regarding the scale of the programme.
Programme Amount subject to Clause 12, the aggregate principal amount of the Notes to be issued, when added to the aggregate principal amount of all Notes outstanding on the proposed Issue Date (excluding for this purpose Notes due to be redeemed on such Issue Date) not exceeding the Programme Amount or its equivalent in other currencies as determined pursuant to Clause 3.5;
Programme Amount as of the Issue Date for the sale of such Notes, after giving effect to the issuance of such Notes and of any other Notes to be issued by the Issuer, and to the redemption of Notes to be redeemed by the Issuer, on or prior to such Issue Date, the aggregate principal amount of Notes issued by the Issuer outstanding will not exceed the Programme Amount;