15% Limit definition
15% Limit means the maximum limit (as may increased or decreased from time to time in accordance with the applicable laws and regulations) of the aggregate amount of Top-Up Assets included in the Cover Pool, which may not be from time to time in excess of 15% of the aggregate outstanding principal amount of the Eligible Assets included in the Cover Pool.
15% Limit means the limit of 15% (of the aggregate outstanding principal amount of the Cover Pool) of Substitution Assets that may be included in the Cover Pool or any other limit set out in accordance with any relevant law, regulation or interpretation of any authority (including, for the avoidance of doubt, the Bank of Italy or the Minister of Economy and Finance) which may be enacted with respect to Law 130, the Bank of Italy Regulation and the Decree No. 310.
Examples of 15% Limit in a sentence
Those terms are contained in sections 1, 3, 4, 5, and 6 of this IPA, and sections 3 (Confidentiality), 7 (No Publicity; Trademarks), 9 (Software and SAAS License and Additional Terms), 10 (Ownership and License to Pre-Existing Work), 14 (Indemnity), 15 (Limit of Liability), and 21 (Miscellaneous) of the MPA, which shall survive termination of this IPA for any reason whatsoever.