Common use of Letter of Credit Amount Clause in Contracts

Letter of Credit Amount. The aggregate amount of all issued and outstanding Letters of Credit shall, at all times during the term hereof as provided in Section 5, be Dollars ($ ) (the “Letter of Credit Amount”). Each Letter of Credit shall be for a term of not less than twelve (12) months and shall remain in effect for at least sixty (60) days after the date upon which the Term (as defined in the Lease) expires, but subject to termination in accordance with Section 4 of the Lease.

Appears in 2 contracts

Samples: Letter of Credit Agreement (Radiation Therapy Services Holdings, Inc.), Purchase and Sale Agreement (Radiation Therapy Services Holdings, Inc.)

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Letter of Credit Amount. The aggregate amount of all issued and outstanding Letters of Credit shall, at all times during the term hereof as provided in Section 5, be One Million Two Hundred Thirty-four Thousand Dollars ($ ) $1,234,000), as adjusted from time to time pursuant to Section 11 of the Lease (as so adjusted, the "Letter of Credit Amount"). Each Letter of Credit shall be for a term of not less than twelve (12) months and a Letter of Credit shall remain be in effect for at least sixty thirty (6030) days after the date upon which the Term (as defined in the Lease) expires, but subject to termination in accordance with Section 4 of the Lease.

Appears in 1 contract

Samples: Letter of Credit Agreement (Balanced Care Corp)

Letter of Credit Amount. The aggregate amount of all issued and outstanding Letters of Credit shall, at all times during the term hereof as provided in Section 5, be Six Million Dollars ($ $6,000,000), subject to increase pursuant to the terms of Sections 4.2(b) and 4.3(b) of the Lease (as may be so increased from time to time, the “Letter of Credit Amount”). Each Letter of Credit shall be for a term of not less than twelve (12) months and a Letter of Credit shall remain be in effect for at least sixty (60) days after the date upon which the Term (as defined in the Lease) expires, but subject to termination in accordance with Section 4 of the Lease.

Appears in 1 contract

Samples: Letter of Credit Agreement (Nationwide Health Properties Inc)

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Letter of Credit Amount. The aggregate amount of all issued and outstanding Letters of Credit shall, at all times during the term hereof as provided in Section 5, be Eight Hundred Three Thousand Dollars ($ ) $803,000), as adjusted from time to time pursuant to Section 11 of the Lease (as so adjusted, the "Letter of Credit Amount"). Each Letter of Credit shall be for a term of not less than twelve (12) months and a Letter of Credit shall remain be in effect for at least sixty thirty (6030) days after the date upon which the Term (as defined in the Lease) expires, but subject to termination in accordance with Section 4 of the Lease.

Appears in 1 contract

Samples: Letter of Credit Agreement (Balanced Care Corp)

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