Average Stated Amount definition

Average Stated Amount means, on any date and with respect to a particular Letter of Credit, the average daily maximum amount available to be drawn under such Letter of Credit.
View Source

Examples of Average Stated Amount in a sentence

  • The Borrowers agree to pay to the Administrative Agent, for the pro rata account of each Lender, a Standby Letter of Credit fee in an amount equal to 100% of the then effective Applicable Margin for Revolving Loans maintained as LIBO Rate Loans, multiplied by the Average Stated Amount for all Standby Letters of Credit, such fees being payable in arrears on each Payment Date following the date of issuance of each such Standby Letter of Credit and on the Commitment Termination Date.

Related to Average Stated Amount

  • Stated Amount of any Letter of Credit shall mean the maximum amount from time to time available to be drawn thereunder, determined without regard to whether any conditions to drawing could then be met.

  • Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Invested Amount less the Principal Funding Account Balance on such date of determination.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Adjustment Percentage means, with respect to any Loan, the quotient (expressed as a decimal) of the Loan Value for such Loan divided by the Cut-Off Date Unpaid Principal Balance of such Loan.