Repurchase Limit definition

Repurchase Limit has the meaning set forth in Section 6.2.

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Repurchase Limit means $15,000,000 through but not including the date on which the Special Advance Condition specified in Section 2 hereof has been met, and $20,000,000 thereafter.

Repurchase Limit as of any date, five percent (5%) of the Net Invoice ---------------- Amount of all the Purchased Receivables purchased hereunder through such date.

Examples of Repurchase Limit in a sentence

The Repurchase Limit, as of any date and with respect to the Purchased Receivables purchased on such Purchase Date, shall be the sum of (i) the amount obtained by multiplying the co-insurance percentage under the Insurance Policy by the Net Invoice Amount of all the Purchased Receivables purchased hereunder on such date and (ii) the Deductible Limit under the Insurance Policy as of such date.
Once the Net Repurchase Limit has been reached in a Program Year, Seller agrees to use its best efforts to remarket any additional repossessed Inventory on behalf of Red Iron on a non-discriminatory, non-priority basis for an amount not less than the outstanding balance (including accrued but unpaid interest) remaining due Red Iron on such Inventory.
The Servicer shall be obligated to make a Monthly Advance only to the extent that the aggregate amount of all Monthly Advances (after giving effect to such Monthly Advance) would not exceed the excess, if any, of the Defaulted Contracts Repurchase Limit over the aggregate amount of Recognized Losses as of such date.
The foregoing Net Repurchase Limit shall not relieve Seller or its affiliates from (i) any obligation to repurchase or otherwise acquire any Inventory pursuant to any separate agreement between Seller or an affiliate of Seller and any Distributor or (ii) any other recourse obligation Seller or an affiliate of Seller may have to Red Iron (including the recourse described in Section 3(i) hereof).
Notwithstanding the foregoing, NFC shall have no obligation to so repurchase any Defaulted Contract if the aggregate amount of Recognized Losses with respect to Defaulted Contracts purchased by NFC pursuant to this Section 5.04 equals or exceeds the Defaulted Contracts Repurchase Limit.
The foregoing Net Repurchase Limit shall not relieve Seller or its affiliates from (i) any obligation to repurchase or otherwise acquire any Inventory pursuant to any separate agreement between Seller or an affiliate of Seller and any Distributor or (ii) any other recourse obligation Seller or an affiliate of Seller may have to Red Iron (including the recourse described in Sections 2(c), 2(e) and 3(i) hereof).
The foregoing Net Repurchase Limit shall not relieve Seller or its affiliates from (i) any obligation to repurchase or otherwise acquire any Inventory pursuant to any separate agreement between Seller or an affiliate of Seller and any Distributor or (ii) any other recourse obligation Seller or an affiliate of Seller may have to Red Iron (including the recourse described in Sections 2(c) and 3(i) hereof).
Once the Net Repurchase Limit has been reached in a calendar year, Seller agrees to use its best efforts to remarket any additional repossessed Inventory on behalf of Red Iron on a non-discriminatory, non-priority basis for an amount not less than the outstanding balance (including accrued but unpaid interest) remaining due Red Iron on such Inventory.
In addition to other permitted uses of Revolving Loan advances set forth in the Loan Agreement, Revolving Loan advances of up to the Repurchase Limit (as hereinafter defined) may be used by Borrower to repurchase Borrower's 10-1/4% Senior Unsecured Notes, provided that after giving effect to any such repurchase Availability shall not be less than $5,000,000.

More Definitions of Repurchase Limit

Repurchase Limit means $150,000,000, provided that, for periods after December 31, 2003, the Repurchase Limit shall be increased as follows: if the Borrower delivers a certificate of the chief financial officer of the Borrower in form and substance reasonably satisfactory to the Administrative Agent certifying that, based on the most recent financial statements delivered pursuant to Section 5.06(a) or 5.06(b), as appropriate, and after giving effect to the aggregate amount of the Borrower's proposed redemptions, repurchases or special dividends on a pro forma basis (including any Group Debt incurred in connection therewith), the Leverage Ratio is less than 2.00 to 1.00, the Repurchase Limit shall be increased by the amount of such proposed redemption, repurchase or special dividend included in such pro forma calculation, except that the Repurchase Limit shall in no event exceed $200,000,000. Notwithstanding the foregoing, if the Leverage Ratio exceeds 2.00 to 1.00 at any time after the Repurchase Limit has been increased beyond $150,000,000, then until the Leverage Ratio shall again be less than 2.00 to 1.00, the Repurchase Limit shall equal the greater of (a) $150,000,000 or (b) the aggregate amount as of such date of reporting of special dividends on, and redemptions and repurchases of, capital stock of the Borrower made from and after the date hereof but prior to such date of reporting. In no event shall the Repurchase Limit exceed $200,000,000.

Repurchase Limit means $300,000,000.

Repurchase Limit means 10% of the Number of Grower’s Plots sold; provided that in each case the Repurchase Limit is rounded up or down to the closest whole number of Grower’s Plots;

Repurchase Limit as defined in subsection 8.9.