Purchase Limit definition

Purchase Limit means $900,000,000, as such amount may be reduced from time to time pursuant to Section 1.1(b) or increased from time to time pursuant to Section 1.1(d). References to the unused portion of the Purchase Limit shall mean, at any time, an amount equal to (x) the Purchase Limit at such time, minus (y) the sum of the Aggregate Capital plus the LC Participation Amount.

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Purchase Limit means $100,000,000, as such amount may be reduced pursuant to Section 2.01(b). References to the unused portion of the Purchase Limit shall mean, at any time, the Purchase Limit, as then reduced pursuant to Section 2.01(b), minus the then outstanding Capital of Receivable Interests under this Agreement.

Purchase Limit means $ 120,000,000 130,000,000, as such amount may be reduced pursuant to Section 1.1(b) of the Agreement. References to the unused portion of the Purchase Limit shall mean, at any time, the Purchase Limit minus the then outstanding Capital.

Examples of Purchase Limit in a sentence

• The U.S. SPE may, with the written consent of the Administrator and each Purchaser Agent, add additional Persons as Purchasers (either to an existing Purchaser Group or by creating new Purchaser Groups) or cause an existing Purchaser to increase its Commitment in connection with a corresponding increase in the Purchase Limit; provided, however, that the Commitment of any Purchaser may only be increased with the prior written consent of such Purchaser.

• At the time of sending such notice with respect to the Committed Purchasers, the U.S. SPE (in consultation with the Administrator) shall specify (i) the aggregate amount of such increase (such amount, the “Requested Purchase Limit Increase”) and (ii) the time period within which the Committed Purchasers are requested to respond to the U.S. SPE’s request (which shall in no event be less than thirty (30) days from the date of delivery of such notice to the Administrator).

More Definitions of Purchase Limit

Purchase Limit set forth in Exhibit I to the Receivables Purchase Agreement is hereby amended by deleting the amount “$110,000,000” where it appears therein and substituting “$115,000,000” therefor.

Purchase Limit means the maximum percentage of allowances that may be purchased by an entity of a group of affiliated entities at an allowance auction.

Purchase Limit means $525,000,000, as such amount may be modified in accordance with the terms of Section 4.6(b).

Purchase Limit means $200,000,000.

Purchase Limit has the meaning set forth in Section 1.01.

Purchase Limit means $160,000,000, as such amount may be reduced pursuant to Section 1.1 (b) of the Agreement or otherwise in connection with any Exiting Purchaser, or increased pursuant to Section 1.1(f) of this Agreement. References to the unused portion of the Purchase Limit shall mean, at any time, the Purchase Limit minus the sum of the then Aggregate Capital plus the LC Participation Amount.

Purchase Limit means $50,000,000.