Examples of Maximum Stated Amount in a sentence
We irrevocably authorize you to draw on us, in accordance with the terms and conditions hereinafter set forth, in any amount up to the Maximum Stated Amount available against presentation of a dated drawing request drawn on [Issuing Bank].
The Maximum Stated Amount at the time of any drawing hereunder shall be immediately and permanently reduced by the amount of such drawing and otherwise as set forth herein.
That agreement be given to move to a process where the Council encourages net payments to care providers through revised contract terms, thus reducing Council overheads in income collection.
The proposed expert will serve as the day-to-day point of contact with MCA-Nepal.
Newco shall, and Collegium shall cause Newco to, maintain the Letter of Credit in effect until the earliest of (A) 5:00 p.m. eastern time on the day that is sixty-one (61) days after the fourth anniversary of the Closing Date, (B) the date on which the Financial Institution honors a drawdown on the Letter of Credit which exhausts the Maximum Stated Amount and (C) the termination of this Agreement by either party ((A), (B) or (C), the “Expiration Date”).