Participation Limit definition

Participation Limit means a limit on the ability of a Shareholder to participate in the DRP, imposed by the Directors in accordance with clause 13;
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Participation Limit provisions. For the avoidance of doubt, the Underwriting Year Participation may be different for each Underwriting Year selected pursuant to the "Selection Option" provisions.
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Participation Limit has the meaning given to it in Section 8.
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Examples of Participation Limit in a sentence

  • The Government’s costs of audits shall not be included in construction costs, but shall be included in calculating the Federal Participation Limit.

  • Notwithstanding any other provision of this Agreement, the Non-Federal Sponsor shall be responsible for all costs in excess of the Federal Participation Limit.

  • The Government’s costs for participation on the Project Coordination Team shall not be included in construction costs that are cost shared but shall be included in calculating the Federal Participation Limit.

  • The obligations under the warrant participation agreement continue even after the Citibank Credit Facility is terminated until the Maximum Participation Limit has been reached.

  • We will continue to pay Citigroup under the warrant participation agreement until the Maximum Participation Limit is reached or the warrants expire.

  • The Government’s costs for participation on the Project Coordination Team shall not be included in the design and construction costs that are cost shared but shall be included in calculation the Federal Participation Limit.

  • The Government’s costs of audits shall not be included in total project costs, but shall be included in calculation the Federal Participation Limit.

  • Participation Limit - the amount specified in the Life Benefits Schedule used as a condition for ceding Automatic Reinsurance.

  • Within five (5) Business Days of the Maximum Limit Date, the Participant shall cause to be transferred to Hercules any unexercised Warrants, unexercised 10% Warrants held by the Participant and any unsold securities or cash held by the Participant in excess of the Maximum Participation Limit, and thereupon, this Agreement shall be terminated (the “Termination Date”).

  • The aggregate Guaranteed Amount of all Guaranteed Instruments Outstanding at any time, adjusted if necessary in accordance with Section 4.2, may not exceed the Participation Limit at such time determined in accordance with this Article 3.


More Definitions of Participation Limit

Participation Limit has the meaning given to it in Section 3.4.
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Participation Limit. The Reinsurer's aggregate participation across all Underwriting Years selected pursuant to the "Selection Option" provisions shall be limited to an amount sufficient to reduce the Risk-to-Capital Ratio to, but not less than, 23-to-1. If the Reinsurer's aggregate participation across all Underwriting Years exceeds such limit, the Underwriting Year Participation for each Underwriting Year selected pursuant to the "Selection Option" provisions shall be reduced in accordance with the instructions of the Reinsurer so that the Reinsurer's aggregate participation across all Underwriting Years does not reduce the Risk-to-Capital ratio to less than 23-to-1.
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