Common use of Minimum and Maximum Amounts Clause in Contracts

Minimum and Maximum Amounts. The premium charges payable to the reserve fund by the borrower and the participating fi- nancial institution shall be prescribed by the participating financial institution, within minimum and maximum limits set forth in the participation agreement. The participa- tion agreement shall establish minimum and maximum limits whereby the sum of the pre- mium charges paid in connection with a loan by the borrower and the participating xxxxx- cial institution is not less than 3 percent nor more than 7 percent of the amount of the loan covered under the Program.