Common use of Stated Amount Clause in Contracts

Stated Amount. With respect to each Letter of Credit outstanding at any time, the maximum amount then available to be drawn thereunder (without regard to whether any conditions to drawing could then be met).

Appears in 4 contracts

Sources: Revolving Credit and Term Loan Agreement (Open Link Financial, Inc.), Revolving Credit and Term Loan Agreement (Open Link Financial, Inc.), Revolving Credit and Term Loan Agreement (Mac-Gray Corp)

Stated Amount. With respect to each Letter of Credit outstanding at ------------- any time, the maximum amount then available to be drawn thereunder (without regard to whether any conditions to drawing could then be met).

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Wm Acquisition Inc)