Common use of Minimum Stated Amount Clause in Contracts

Minimum Stated Amount. The Stated Amount of each Letter of Credit shall be not less than $25,000 or such lesser amount as is acceptable to the Issuing Bank but in no event shall there be more than 75 Letters of Credit outstanding at any one time.

Appears in 2 contracts

Samples: Credit Agreement (Reckson Services Industries Inc), And Assumption Agreement (Vantas Inc)

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Minimum Stated Amount. The Stated Amount of each A Letter of Credit shall be not less than $25,000 or such lesser amount as is acceptable to the A Issuing Bank but in no event shall there be more than 75 A Letters of Credit outstanding at any one time.

Appears in 2 contracts

Samples: Credit Agreement (Hq Global Holdings Inc), Credit Agreement (Frontline Capital Group)

Minimum Stated Amount. The Stated Amount of each Letter of Credit shall not be not less than $25,000 or such lesser an amount as is acceptable to the respective Issuing Bank but in no event shall there be more than 75 Letters of Credit outstanding at any one timeBank.

Appears in 2 contracts

Samples: Credit Agreement (Interlake Corp), Credit Agreement (Interlake Corp)

Minimum Stated Amount. The Stated Amount of each B Letter of Credit shall be not less than $25,000 or such lesser amount as is acceptable to the B Issuing Bank but in no event shall there be more than 75 50 B Letters of Credit outstanding at any one time.

Appears in 2 contracts

Samples: Credit Agreement (Frontline Capital Group), Credit Agreement (Hq Global Holdings Inc)

Minimum Stated Amount. The initial Stated Amount of each Letter of Credit shall be not less than $25,000 5,000 or such lesser amount as is acceptable to the Issuing Bank but in Letter of Credit Issuer, provided that no event shall there be more than 75 40 Letters of Credit (or such greater number acceptable to the Letter of Credit Issuer) shall be outstanding at any one time.

Appears in 2 contracts

Samples: Credit Agreement (Primedia Inc), Credit Agreement (Tsecrp Inc)

Minimum Stated Amount. The Stated Amount of each Letter of Credit shall be not less than $25,000 250,000 or such lesser amount as is acceptable to the Issuing Bank but in no event shall there be more than 75 ten Letters of Credit outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Video Update Inc)

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Minimum Stated Amount. The Stated Amount of each Letter of --------------------- Credit shall be not less than $25,000 100,000 or such lesser amount as is acceptable to the Issuing Bank but and in no event shall there be more than 75 five Letters of Credit outstanding at any one timetime or such greater amount as is acceptable to the Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Physician Health Corp)

Minimum Stated Amount. The Stated Amount of each Letter of Credit shall be not less than $25,000 250,000 or such lesser amount as is acceptable to the Issuing Bank but in no event shall there be more than 75 four Letters of Credit outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Moovies Inc)

Minimum Stated Amount. The initial Stated Amount of each Letter of Credit shall be not less than $25,000 or such lesser amount as is acceptable to the Issuing Bank but in Letter of Credit Issuer; provided that no event shall there be more than 75 25 Letters of Credit (or such greater number acceptable to the Letter of Credit Issuer) shall be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Primedia Inc)

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