Approved Limit definition
Approved Limit means the Approved Prexy Limit, the Approved Mt. Storm Limit, the Approved Meadow Brook Limit, the Approved Virginia Limit or the Approved Jointly Owned Segment Limit, as applicable.
Approved Limit means, for each Approved Foreign Jurisdiction on any date of determination, an amount equal to the product of the applicable Allowable Percentage multiplied by the total Outstanding Balance of all Receivables at such time.
Approved Limit means a limit of amount for the transaction of AGRONetBIZ set by the Corporate Administrator.
Examples of Approved Limit in a sentence
If at any time the Borrower has not obtained Siting Approval for any Segment for which there is an Allocated Loan Amount, then the Borrower shall not apply Loan proceeds with respect to such Segment, or request that any Letters of Credit be issued in connection with such Segment, such that the aggregate amount of Loan proceeds applied with respect to such Segment together with the L/C Exposure of any such Letters of Credit issued in connection with such Segment exceeds the Approved Limit for such Segment.
Any reduction to the Approved Limit in the number of Registrable Securities included in the registration shall be made pro rata among the requesting holders on the basis of the number of Registrable Securities owned by each holder.