Program Limit definition

Program Limit means $50,000,000, or such lesser amount as may from time be specified by not less than ten (10) Business Days’ prior written notice by Servicer to the Program Agent and Seller from time to time. Any reduction of the Program Limit shall be irrevocable upon such notice being given and shall not be subject to reinstatement and each partial reduction of the Program Limit shall be in an amount equal to $1,000,000 or an integral multiple thereof.

Program Limit means the Committed Facility Amount plus the Incremental Amount.

Program Limit means $100 million or such greater amount as the Seller and the Trust may agree upon in writing;

Examples of Program Limit in a sentence

• You should also consult your investment representative or regularly check in the Program Summary page for changes to your Program Bank List.If a Bank is unable to accept your funds on a day you have funds to deposit, your funds will be depositedin the next available Bank on the Program Bank List up to the Program Limit.

• No Purchase or Increase may be made hereunder if, after giving effect thereto, the Investment would exceed the Program Limit.

• You should also regularly check www.commonwealth.com for changes to your Program Bank List.If a Bank is unable to accept your funds on a day you have funds to deposit, your funds will be deposited in the next available Bank on the Program Bank List up to the Program Limit.

• The Seller may, upon at least 30 days written notice to the Trust, reduce in part the unused portion of the Program Limit; provided that each partial reduction shall be in the amount of at least $1,000,000 or an integral multiple thereof and shall be effective on a Remittance Date.

• The designated Excess Banks will be utilized for funds which exceed the Bank Program Limit and if you have directed that these funds not be invested into the Edward Jones Money Market Fund.

More Definitions of Program Limit

Program Limit means a dollar amount, determined for each

Program Limit means $125 million or such greater amount as the Seller and the Trust may agree upon in writing;

Program Limit means $200,000,000, as such amount may be reduced pursuant to Section 2.01(b). References to the unused portion of the Program Limit shall mean, at any time, the Program Limit (as then reduced pursuant to Section 2.01(b)), minus the aggregate outstanding Capital of all Receivable Interests under this Agreement.

Program Limit means $300,000,000, as such amount may be reduced pursuant to Section 1.3(f). References to the unused portion of the Program Limit shall mean, at any time, the Program Limit at such time minus the Aggregate Loan Amount at such time.

Program Limit means, on any date of determination prior to the Termination Date, the amount of the Commitment of the Purchaser hereunder plus, (i) $75,000,000 during the period commencing on January 1 and ending on May 31 of each calendar year, or (ii) $25,000,000 during any other period, as such amount may be reduced pursuant to Section 2.01(b). References to the unused portion of the Program Limit shall mean, at any time, the Program Limit (as then reduced pursuant to Section 2.01(b)), minus the aggregate outstanding Capital of all Receivable Interests under this Agreement.

Program Limit means, at any time, the sum of the CP Conduit Funding Limits then in effect; provided, that the Program Limit may not at any time exceed 98.04 % of the Aggregate Commitment at any time in effect; provided, further, that from and after the Termination Date, the Program Limit shall at all times equal the Net Investment.

Program Limit means $30,000,000.