Participation Cap definition

Participation Cap means [**] dollars ($[**]), inclusive of the amount of the Initial Participation Account Deposit for each Pool, plus any amount over [**] dollars ($[**]) associated with the credit enhancement of Loans funded pursuant to Sections 7.1.11 and 18.4.

Participation Cap means $1.3392 for the Series A Preferred Stock, $1.9572 for the Series B Preferred Stock, $1.7000 for the Series C Preferred Stock, $6.0795 for the Series D Preferred Stock, $6.3985 for the Series E Preferred Stock and $6.80 for the Series F Preferred Stock (each as adjusted for any stock splits, stock dividends, combinations, recapitalizations or the like with respect to such series of Preferred Stock).

Participation Cap means a per share amount equal to (i) with respect to the Series D Preferred Stock, $14.6682 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series D Preferred Stock), (ii) with respect to the Series E Preferred Stock, $16.0101 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series E Preferred Stock), (iii) with respect to the Series I Preferred Stock, $4.9149 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series 1 Preferred Stock), (iv) with respect to the Series 2 Preferred Stock, $8.2773 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series 2 Preferred Stock), (v) with respect to the Series 3 Preferred Stock, $11.5014 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series 3 Preferred Stock), (vi) with respect to the Series 4 Preferred Stock, $5.5095 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series 4 Preferred Stock), and (vii) with respect to the Series F Preferred Stock, $12.4418 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series F Preferred Stock).

Examples of Participation Cap in a sentence

• The Utilization Percentage with respect to the 2018 Utilization Threshold shall be calculated as the ratio of (x) aggregate Capital Draws made by the Recipient State under its HFA Participation Agreement as of December 31, 2018, to (y) such Recipient State’s Program Participation Cap as of such date.

• If Eligible Entity has achieved the Utilization Threshold and the Annual Reallocation Amount is greater than zero for the applicable year, the Program Participation Cap and Round 5 Funding Allocation will be increased by an amount calculated as follows: First, calculate the “Per Capita Amount” for each Recipient State.

• The Program Participation Cap and Round 5 Funding Allocation set forth on Schedule A to the Agreement shall be deemed to be modified upon receipt of the written notice sent pursuant to Section V(a) above.

• In addition, no Capital Draw Requests shall be approved by Treasury so long as Eligible Entity has HHF Program funds on hand of more than 5% of the Program Participation Cap.

• Notwithstanding anything in the Service Schedules to the contrary, Treasury shall not approve a Capital Draw Request for a Capital Draw in an amount less than 2.5%, or more than 20%, of the Program Participation Cap (defined below).

More Definitions of Participation Cap

Participation Cap means a cap on the Participation Payment, which amount shall decrease as follows during the Term of this Agreement:

Participation Cap means the limitation on the number of a school district's eligible children permitted to participate in the pilot program in any school year, asdescribed in section 22-56-104 (5) (a).

Participation Cap means $1.5 million.

Participation Cap means, with respect to each share of Series A Stock, $1.62, and with respect to each share of Series B Stock, $1.95.

Participation Cap means $[************].

Participation Cap means a per share amount equal to (i) with respect to the Series D Preferred Stock, $22.0023 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series D Preferred Stock after the Reverse Stock Split and the Effective Time), (ii) with respect to the Series E Preferred Stock, $24.01515 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series E Preferred Stock after the Reverse Stock Split and the Effective Time), (iii) with respect to the Series 1 Preferred Stock, $7.37235 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series 1 Preferred Stock after the Reverse Stock Split and the Effective Time), (iv) with respect to the Series 2 Preferred Stock, $12.41595 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series 2 Preferred Stock after the Reverse Stock Split and the Effective Time), (v) with respect to the Series 3 Preferred Stock, $17.2521 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series 3 Preferred Stock after the Reverse Stock Split and the Effective Time), (vi) with respect to the Series 4 Preferred Stock, $8.26425 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series 4 Preferred Stock after the Reverse Stock Split and the Effective Time), and (vii) with respect to the Series F Preferred Stock, $18.6627 (as adjusted for any stock splits, stock dividends, recapitalizations or the like with respect to the Series F Preferred Stock after the Reverse Stock Split and the Effective Time).

Participation Cap shall have the meaning ascribed to such term in Section 6.1(e).