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Common use of Stated Amount Clause in Contracts

Stated Amount. The aggregate Stated Amount of all Letters of Credit shall not exceed at any one time $5,000,000.

Appears in 2 contracts

Sources: Credit Agreement (Best Universal Lock Co), Credit Agreement (Best Lock Corp)

Related Clauses

  • Maximum Drawing Amount
  • Revolving Committed Amount
  • Loan Amount
  • Total Commitment
  • Aggregate Principal Amount

Parent Clauses

  • Amount and Terms of Letters of Credit
  • Miscellaneous
  • AMOUNT AND TERMS OF CREDIT
  • Letters of Credit
  • The Credits

Sub-Clauses

  • Notification of Rate
  • Fees
  • Capital Requirements
  • Net Payments
  • Proportionate Reductions
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