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

• Guest Agrees that damages not covered by the Damage Waiver Program or in excess of the Damage Waiver Program limit of $1,475.00 shall be paid by guest immediately.

• Guest Agrees that damages not covered by the Damage Waiver Program or in excess of the Damage Waiver Program limit of $725.00 shall be paid by guest immediately.

• Guest Agrees that damages not covered by the Damage Waiver Program or in excess of the Damage Waiver Program limit of $1,975.00 shall be paid by guest immediately.

• In the aggregate, the maximum amount of Swept Deposits eligible for FDIC deposit insurance coverage shall not exceed the SMDIA per legal category of account ownership multiplied by the number of participating Program Banks in the Program that you have not excluded from receiving your deposits, less any funds that you may hold on deposit in the Program Banks outside of the Program in the same legal category of account ownership but not in excess of the Program limit.

• Guest Agrees that damages not covered by the Damage Waiver Program or in excess of the Damage Waiver Program limit of $2,500.00 shall be paid by guest immediately.

More Definitions of Program Limit

Program Limit means a dollar amount, determined for each

Program Limit means $500,000,000, as such amount may be reduced from time to time pursuant to Section 1.03(c) or increased from time to time pursuant to Section 1.05.

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

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 $30,000,000.

Program Limit means $90,000,000, as such amount may be increased or decreased in accordance with Section 2.3 or Article XIII.

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.