Examples of Programme Amount in a sentence
Further issuesUp to the Programme Amount and prior to the Programme Maturity Date, the Issuer may issue Series of Notes without the prior consent of the holders of any outstanding Notes but subject to certain conditions as set out in the Programme Intercreditor Agreement.
Programme Amount:As at the date of this Applicable Pricing Supplement, the Issuer confirms that the authorised Programme Amount of ZAR80,000,000,000 has not been exceeded.Material Change:As at the date of this Applicable Pricing Supplement, and after due and careful enquiry, there has been no material change in the financial or trading position of the Issuer since the date of publication of the Issuer’s latest interim financial statements.
Under the Programme, the Issuer may issue different Series of Notes to finance the purchase of each Portfolio of Receivables from IBL Banca pursuant to the Programme Receivables Purchase Agreement and the relevant Transfer Agreement, up to the Programme Amount.