Funding Limit definition

Funding Limit means the amount specified in Item 7, being the maximum amount of financial accommodation that may be provided to the Owner on the terms set out in Annexure G. financial market (as defined in Chapter 7 of the Corporations Act) and any overseas stock or futures exchange. A person is Insolvent if:

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Funding Limit. The maximum permitted amount, as stated in clause 12 of the Particulars or which we tell you in writing, on your Current Account at any time.

Funding Limit means the lesser of (i) the limit set out in paragraph 14 (or such other limit as we may notify to you in writing from time to time) or (ii) an amount equivalent to the Prepayment Percentage multiplied by the total amount of Outstanding Approved Book Debts;

Examples of Funding Limit in a sentence

Any such decrease shall take effect on the Settlement Date following such Funding Limit Decrease Request.
The Funding Seller may, at any time and from time to time, request in writing, with a copy to each of the Purchasing Entities, that the Bank Purchasers decrease the Funding Limit (a “Funding Limit Decrease Request”); provided that no such requested decrease shall be in an amount less than $10,000,000 and the aggregate of all of such requested decreases shall not exceed 20% of the greatest Funding Limit at any time since the Closing Date.
Budget & Funding Limit (GST Exclusive) Note: Set out estimated total cost of project (GST Exclusive) Authority Reimbursement Note: Set out if Community Organisation will be able to seek reimbursement of cost incurred for the project, the invoicing arrangements and percentage of costs to be reimbursed by Authority if a co-contribution arrangement is established.
If, following a reduction of a Funding Limit, the amount of Prepayments already made exceeds your Availability, the excess must be paid back immediately to us.
Any Funding made the same day such Funding is requested shall be made solely by PARCO, at PARCO's sole discretion, in an amount not to exceed the Swing Line Funding Limit.

More Definitions of Funding Limit

Funding Limit means $950,000,000, as the same may be increased pursuant to Section 2.13 or decreased pursuant to Section 2.14.

Funding Limit means the amount specified in Item 7, being the maximum amount of financial accommodation that may be provided to the Owner on the terms set out in Annexure G. Government Authority includes the Crown, any government and any governmental, semi‑governmental, public, administrative, regulatory or judicial entity. It also includes a statutory corporation, a self-regulatory organisation or a supervisory authority established by statute and any market licensee of a financial market (as defined in Chapter 7 of the Corporations Act) and any overseas stock or futures exchange. A person is Insolvent if: it is (or states that it is) an insolvent under administration or insolvent (each as defined in the Corporations Act); or it is in liquidation, in provisional liquidation, under administration or wound up or has had a Controller appointed to its property; or it is subject to any arrangement, assignment, moratorium or composition, protected from creditors under any statute, or dissolved; or an application or order has been made (and, in the case of an application, it is not stayed, withdrawn or dismissed within 30 days), resolution passed, proposal put forward, or any other action taken, in each case in connection with that person, which is preparatory to or could result in any of (a), (b) or (c) above; or it is taken (under section 459F of the Corporations Act) to have failed to comply with a statutory demand; or it is the subject of an event described in section 459C(2)(b) or section 585 of the Corporations Act; or it is otherwise unable to pay its debts when they fall due; or in the case of a natural person, the person dies, ceases to be of full legal capacity or otherwise becomes incapable of managing his or her own affairs for any reason; or something having a substantially similar effect to any of paragraphs (a) to (h) above (both inclusive) happens in connection with that person under the law of any jurisdiction. Land means the land on which the Building is located.

Funding Limit means at any time the maximum aggregate amount the Funder is willing to risk for the purposes of the Scheme.

Funding Limit. A monetary limit established by us in respect of each Customer against which the Prepayment percentage will be applied.

Funding Limit means with respect to any Investor, the amount set forth with respect to such Investor on the signature pages hereto or on any assignment agreement or similar document pursuant to which such Person became a party hereto as an Investor.

Funding Limit means a limit imposed by the ESFA in accordance with Clause 7 (Funding Limits) as to the Funding available to a Training Provider.

Funding Limit. Con 9.2 and 9.4 I.10 Date on which an Approved Debt will automatically - Con 7.2(g) become a Disapproved Debt: