Maximum Participation Limit definition

Maximum Participation Limit of the Issuer means the maximum Aggregate Face Amount of Eligible Instruments for which Guarantee Certificates may be issued in respect of the Issuer under the Facility, determined in accordance with the Term Sheet and the Maximum Participation Limit Worksheet annexed to the Participation Application.
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Maximum Participation Limit means (i) $3,750,000 (excluding the period described in clause (ii) herein) or (ii) $4,500,000 during the Revolving Period from December 6, 2006 until the earlier of (a) March 31, 2007 or (b) the execution of a Permitted Securitization.
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Maximum Participation Limit means the greater of (a) the product of (i) 10% and (ii) seven times the sum of the Initial Grant Date Value of all Warrants and (b) $3 million.
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Examples of Maximum Participation Limit in a sentence

  • We will continue to pay Citigroup under the warrant participation agreement until the Maximum Participation Limit is reached or the warrants expire.

  • The obligations under the warrant participation agreement continue even after the Citibank Credit Facility is terminated until the Maximum Participation Limit has been reached.

  • The obligations under the warrant participation agreement continue even after the Citigroup facility is terminated until the Maximum Participation Limit has been reached.

  • The obligations under the warrant participation agreement continue until the Maximum Participation Limit has been reached even after the Citigroup Facility was terminated.

  • The obligations under the warrant participation agreement continue until the Maximum Participation Limit has been reached even though the Citigroup Facility was terminated.

  • The obligations under the warrant participation agreement continue even after the Citigroup Facility is terminated until the Maximum Participation Limit has been reached.

  • The Legal Department is responsible for reviewing and updating the Policy and for management of prior versions.

  • Within five (5) Business Days of the Maximum Limit Date, the Participant shall cause to be transferred to Hercules any unexercised Warrants, unexercised 10% Warrants held by the Participant and any unsold securities or cash held by the Participant in excess of the Maximum Participation Limit, and thereupon, this Agreement shall be terminated (the “Termination Date”).

  • The parties acknowledge that in its Participation Application, the Issuer requested that the Guarantor guarantee Eligible Instruments under the Guarantee in a maximum Aggregate Face Amount outstanding from time to time of Cdn$«Requested_Participation_Limit» (the “Requested Participation Limit”) and the Issuer has certified in such Participation Application that the Requested Participation Limit does not exceed the Maximum Participation Limit for the Issuer.

  • The Canadian deposits are calculated as follows from Page 18 – Deposit Liabilities Report of OSFI-68: + Mandatory Liquidity Deposits from Credit Unions, 1 + Excess Liquidity Deposits from Credit Unions, 2 + Other Member Deposits, 3 = Canadian Deposits for CLAF Maximum Participation Limit Deposit based CLAF Maximum Participation Limit = 20% x Canadian Deposits for CLAF Maximum Participation Limit Note: credit union centrals should provide a calculation that consolidates federally regulated subsidiaries.


More Definitions of Maximum Participation Limit

Maximum Participation Limit means $3,750,000.
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Related to Maximum Participation Limit

  • Participation Maximum shall have the meaning ascribed to such term in Section 4.12(a).

  • Swing Line Participation Amount as defined in Section 2.7.

  • Participation Rate means the rate of interest payable on the Loan to Participant by Administrative Agent-Servicer.

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Participation Percentage means the rounded percentage of the total actual Project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the rounded percentage of the total actual Project costs that will be contributed by the Recipient. Both percentages are identified in Appendix B. If the total actual Project costs exceed the estimated Project costs identified in Appendix B, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Participation Factor means a percentage to be determined in the reasonable discretion of the Issuer (billiges Ermessen) (§ 315 BGB) on the Strike Date on the basis of the volatility of the Underlying and the market conditions prevailing on such date and will be published in accordance with § 14 hereof. The indication for the Participation Factor based on the market conditions as of 15 November 2017 is 100% (in any case, it will not be below 80%).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Applicable Revolving Percentage means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time.

  • Maximum Swingline Amount means $5,000,000.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.

  • Active participation means an ongoing process of good faith negotiation between the state licensing agency and the Indiana elected committee of licensed managers to achieve joint planning of:

  • Maximum Revolving Advance Amount means $25,000,000.

  • Extension limitation means (a) the lesser of 5% or the

  • Maximum Revolver Amount means $100,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Participation Amount as defined in Section 3.4(b).

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Participation Period has the meaning set forth in Section 4.2 hereof.

  • Participation Date means the date the individual becomes a qualified participant in Tier 2 as determined under section 701a(1)(b).