Common use of Minimum Stated Amount Clause in Contracts

Minimum Stated Amount. The Stated Amount of each Letter of Credit shall not be less than (i) in the case of Trade Letters of Credit, $5,000 and (ii) in the case of Standby Letters of Credit, $25,000.

Minimum Stated Amount. The Stated Amount of each Standby Letter of Credit shall be not be less than (i) $100,000 and the Stated Amount of each Trade Letter of Credit shall be not less than $125,000 or, in each case, such lesser amount as is acceptable to the case of Trade Letters Issuing Bank issuing such Letter of Credit, $5,000 and (ii) in the case of Standby Letters of Credit, $25,000.

Minimum Stated Amount. The Stated Amount of each Trade Letter of Credit shall be not be less than (i) in $100,000 or such lesser amount as is acceptable to the case respective Issuing Bank and the Stated Amount of Trade Letters each Standby Letter of Credit, Credit shall be not less than $5,000 and (ii) in 250,000 or such lesser amount as is acceptable to the case of Standby Letters of Credit, $25,000respective Issuing Bank.