Common use of Legal Maximum Limit Clause in Contracts

Legal Maximum Limit. The maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is 50% of his or her vested Account balance, not to exceed $50,000. However, the $50,000 maximum is reduced by the Participant's highest outstanding loan balance during the 12 month period ending on the day before the Sweep Date as of which the loan is made. For purposes of this paragraph, the qualified plans of all Related Companies shall be treated as though they are part of this Plan to the extent it would decrease the maximum loan amount.

Legal Maximum Limit. The maximum a Participant may borrow, including the aggregate outstanding balance balances of existing Plan loans, is 50% of his or her vested Account balance, not to exceed $50,000. However, the $50,000 maximum is reduced by the Participant's highest aggregate outstanding Plan loan balance during the 12 12-month period ending on the day before the Sweep Date as of which the loan is made. For purposes of this paragraph, the qualified plans of all Related Companies shall be treated as though they are part of this the Plan to the extent it would decrease the maximum loan amount.

Legal Maximum Limit. The maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is 50% based upon the value of his or her vested Account balanceinterest in this Plan and all other qualified plans maintained by a Commonly Controlled Entity (the “Vested Interest”). The maximum amount is equal to fifty percent (50%) of his or her Vested Interest, not to exceed $50,000. However, the $50,000 maximum amount is reduced by the Participant's ’s highest outstanding loan balance of all loans from any Commonly Controlled Entity’s qualified plans during the 12 12-month period ending on the day before the Sweep Trade Date as of on which the loan is made. For purposes of this paragraph, the qualified plans of all Related Companies shall be treated as though they are part of this Plan to the extent it would decrease the maximum loan amount.

Legal Maximum Limit. The maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is 50% of his or her vested Account balance, not to exceed $50,000. However, the $50,000 maximum is reduced by the Participant's highest outstanding loan balance during the 12 month period ending on the day before the Sweep Date as of which the loan is made. For purposes of this paragraph, the qualified plans of all Related Companies shall be treated as though they are part of this the Plan to the extent it would decrease the maximum loan amount.

Legal Maximum Limit. The maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is 50% of his or her vested Account balance, not to exceed $50,000. However, the $50,000 maximum is reduced by the Participant's highest outstanding loan 26 balance of loans under the Plan during the 12 month period ending on the day before the Sweep Date as on which the loan is made over the outstanding balance of such loans on the date on which the loan is made. For purposes of this paragraph, the loans of all the qualified plans of all the Related Companies shall be treated as though they are part of loans under this Plan to the extent it would decrease the maximum loan amountPlan.

Legal Maximum Limit. The maximum a Participant may borrow, including the aggregate outstanding balance balances of existing Plan loans, is 50% of his or on her vested Account balance, not to exceed $50,000. However, the $50,000 maximum is reduced by the Participant's highest aggregate outstanding Plan loan balance during the 12 12- month period ending on the day before the Sweep Date as of which the loan is made. For purposes of this paragraph, the qualified plans of all Related Companies shall be treated as though they are part pant of this the Plan to the extent it would decrease the maximum loan amount.

Legal Maximum Limit. The maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is 50% of his or her vested Account balance, not to exceed $50,000. However, the $50,000 maximum is reduced by the Participant's highest outstanding loan balance of loans under the Plan during the 12 month period ending on the day before the Sweep Date as of which the loan is made over the outstanding balance of such loans on the date on which the loan is made. For purposes of this paragraph, the loans of all the qualified plans of all the Related Companies shall be treated as though they are part of loans under this Plan to the extent it would decrease the maximum loan amountPlan.