Common use of Daily/Weekly Put Limit Clause in Contracts

Daily/Weekly Put Limit. Notwithstanding anything contained herein to the contrary, the Department shall not be required to purchase Loans hereunder for an aggregate Put Price (not including the Put Price related to Loans purchased hereunder with respect to which a Delinquency Put Event has occurred) in excess of (i) $500,000,000 per week during any Calendar Week prior to July 20, 2009 or (ii) $10,000,000,000 on any Put Date on or after July 20, 2009 (the “Daily Put Limit”). In addition, the Department will not be required to purchase Putable Loans on any Blackout Date.

Daily/Weekly Put Limit. Notwithstanding anything contained herein to the contrary, the Department shall not be required to purchase Loans hereunder for an aggregate Put Price (not including the Put Price related to Loans purchased hereunder with respect to which a Delinquency Put Event has occurred) in excess of (i) $500,000,000 per week during any Calendar calendar weekCalendar Week prior to July 20, 2009 or (ii) $10,000,000,000 on any Put Date on or after July 20, 2009 (the “Daily Put Limit”). In addition, the Department will not be required to purchase Putable Loans on any Blackout Date.