Face Amounts Sample Clauses
The 'Face Amounts' clause defines the nominal or stated value of a financial instrument, such as an insurance policy or bond, that is used as the basis for determining benefits or payments. In practice, this amount represents the sum that will be paid out upon maturity, death, or another specified event, regardless of market fluctuations or accrued interest. By clearly specifying the face amount, the clause ensures all parties understand the principal value at stake, thereby reducing ambiguity and facilitating accurate calculation of obligations or entitlements.
Face Amounts. The face amount of each Bankers' Acceptance shall be C$100,000 or any whole multiple thereof.
Face Amounts. The face amount of each Bankers’ Acceptance or BA Equivalent Loan shall be C$100,000 or any whole multiple thereof.
Face Amounts. The face amount of each Bankers' Acceptance shall be C$100,000 or any whole multiple thereof. The aggregate face amount of each Banker's Acceptance to be accepted by a Canadian Lender shall be in an integral multiple of C$100,000, and such face amount shall be in an amount equal to such Lender's Revolving Credit Commitment Percentage of such borrowing by way of Bankers' Acceptances; provided that the Canadian Administrative Agent may, in its sole discretion, increase or reduce any Canadian Lender's portion of such Bankers' Acceptance to the nearest C$100,000.