Examples of Applicable Maximum Amount in a sentence
After a period of discussion, Commissioner McIntyre moved to approve Punchy’s Diner as the caterer for the Nutrition Program as requested for a term of two (2) years.
All Revolving Advances and Letters of Credit otherwise available to Borrower pursuant to the lending formula(s) or sublimits, and subject to the Applicable Maximum Amount and other applicable limits hereunder shall be subject to the Agent's continuing right to establish and revise Availability Reserves.
We have reviewed the contract from the independent supplier and calculated the unit price according to the minimum purchase volume of oxygen to Xianyang IRICO for the Review Period and it agreed with the expected unit price in the proposed annual caps.
No Letters of Credit shall be issued unless, on the date of the proposed issuance of any Letter of Credit, the Revolving Advances available to Borrower (subject to the Applicable Maximum Amount and Availability Reserves) are equal to 100% of the face amount of such Letters of Credit, adjusted for reserves for foreign exchange, if applicable.