Amount Limitation definition

Amount Limitation. The amount of insurance (apart from any Accidental Death Benefits) in effect on the life of any Person Proposed for Insurance under all Temporary Insurance Agreements issued by us, our parent, The Equitable Life Assurance Society of the United States, or its other subsidiaries or affiliates, shall not exceed $500,000 in total. When Temporary Insurance Ends: Insurance under this Agreement will end upon the earliest of the following:
View Source
Amount Limitation. Covenant Reduction Date"
View Source
Amount Limitation has the meaning set forth in Section 5.1.
View Source

Examples of Amount Limitation in a sentence

  • The Company may cancel any payment of all or part of interest pursuant to the foregoing, even if no cancellation of interest is required or the amount so cancelled exceeds the amount the Company is required to cancel due to the Interest Payable Amount Limitation, as described below under Section 3.11.

  • The Temporary insurance will be in the amount applied for (subject to the Amount Limitation below) and in accordance with the terms of the policy we would issue.

  • Each of (a), (b), (c) and (d) is a "Loan Amount Limitation." Borrower's obligation to repay the Line Advances shall be evidenced by the Revolving note.

  • In no event shall the aggregate Amount Limitation Restorations for a Restricted Investment exceed the original amount of such Restricted Investment.

  • The Company acknowledges that the final number of Common Shares to be issued and sold pursuant to an Advance Notice and the Purchase Price will not be known at the time an Advance Notice is delivered but shall be determined on each Closing based on the daily prices of the Common Shares that are the inputs to the determination of the Purchase Price, the Volume Threshold and the Volume Amount Limitation.

  • NOW, THEREFORE, the Company and the Investor agree as follows: Amendment to $2,500,000 Purchase Amount Limitation.

  • Neither the Threshold Limitation nor the Amount Limitation shall apply to the indemnification provided under Sections 6.1(ii), (iii) and (iv).

  • Section 3.01(a) of the Credit --------------------------- Agreement is hereby amended by adding to the end of Section 3.01(a) the following: Additionally, no Issuing Bank shall have any obligation to issue a Letter of Credit if the stated amount thereof, when added to the Outstanding Revolving Credit, would exceed the Amount Limitation.

  • The Company hereby notifies The Depositary Trust Company (“DTC”), the Trustee, the Agents and the Holders and beneficial owners of the Notes that, due to the Interest Payable Amount Limitation, it is prohibited from paying and has cancelled [all of/a part of] the payment of interest scheduled to be made on the Notes on [·], 20[·] (the “Interest Payment Date”) pursuant to [Section 3.11] of the Indenture.

  • Further, thereafter, if at any time the Minimum Loan Amount Limitation shall not be in effect, Administrative Agent shall have the right to apply any amounts in such account toward payment of the Obligations.


More Definitions of Amount Limitation

Amount Limitation shall have the meaning set forth in Section 4.1.
View Source
Amount Limitation means (a) $300,000,000 until the Performance Release Date (as defined below in the definition) and (b) the Total Revolving Loan Commitment after the Performance Release Date. For purposes of this definition, the "Performance Release Date" means the earliest of (i) the date when no Default or Event of Default has occurred and is continuing, that both the ratio of Funded Debt to pro forma EBITDA is 4.25 to 1.00 or less for the remaining term of the Loans as required by Section 7.11 of this Agreement and the ratio of Senior Debt to pro forma EBITDA is 2.50 to 1.00 or less for the remaining term of the Loans as required by Section 7.12 of this Agreement, (ii) the date (which must occur after the fiscal period for which the Company has delivered a certificate pursuant to Section 6.01(d) that reflects that the above mentioned ratios have been met by the Company for such fiscal period and that no Default or Event of Default has occurred and is continuing) that the Company notifies the Administrative Agent in writing that the referenced covenants have been voluntarily reduced by the Company to the levels specified in clause (i) above for the remaining term of the Loans or (iii) the date that Banks holding 51% of Revolving Loan Commitments consent in writing that the Performance Release Date has occurred.
View Source
Amount Limitation has the meaning given that term in Section 2.8.(b)(ii).
View Source
Amount Limitation shall have the meaning set forth in Section 8.1.
View Source

Related to Amount Limitation

  • Tax Limitation Amount means the maximum amount which may be placed as the Appraised Value on the Applicant’s Qualified Property for maintenance and operations tax assessment in each Tax Year of the Tax Limitation Period of this Agreement pursuant to Section 313.054 of the TEXAS TAX CODE.

  • Deduction Limitation means the following described limitation on a benefit that may otherwise be distributable pursuant to the provisions of this Plan. Except as otherwise provided, this limitation shall be applied to all distributions that are "subject to the Deduction Limitation" under this Plan. If an Employer determines in good faith prior to a Change in Control that there is a reasonable likelihood that any compensation paid to a Participant for a taxable year of the Employer would not be deductible by the Employer solely by reason of the limitation under Code Section 162(m), then to the extent deemed necessary by the Employer to ensure that the entire amount of any distribution to the Participant pursuant to this Plan prior to the Change in Control is deductible, the Employer may defer all or any portion of a distribution under this Plan. Any amounts deferred pursuant to this limitation shall continue to be credited/debited with additional amounts in accordance with Section 3.6 below, even if such amount is being paid out in installments. The amounts so deferred and amounts credited thereon shall be distributed to the Participant or his or her Beneficiary (in the event of the Participant's death) at the earliest possible date, as determined by the Employer in good faith, on which the deductibility of compensation paid or payable to the Participant for the taxable year of the Employer during which the distribution is made will not be limited by Section 162(m), or if earlier, the effective date of a Change in Control. Notwithstanding anything to the contrary in this Plan, the Deduction Limitation shall not apply to any distributions made after a Change in Control.

  • Advance Amount means, with respect to any Asset for which any Liquidation Proceeds are received, the product of (i) the Maximum Advance Rate and (ii) the Collateral Balance of such Asset immediately prior to the sale or payment that gave rise to such Liquidation Proceeds.

  • Maximum Contribution Amount shall equal the excess of (i) the aggregate proceeds received by such Holder pursuant to the sale of such Registrable Notes or Exchange Notes over (ii) the aggregate amount of damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the respective principal amount of the Registrable Securities held by each Holder hereunder and not joint. The Company’s and Subsidiary Guarantors’ obligations to contribute pursuant to this Section 8(d) are joint and several. The indemnity and contribution agreements contained in this Section 8 are in addition to any liability that the Indemnifying Parties may have to the Indemnified Parties.

  • Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.