Maximum Face Amount definition

Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.
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Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective, as such face amount or increases are amended from time to time.
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Maximum Face Amount means, with respect to any outstanding Letter of Credit, the face amount of such Letter of Credit including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective. “Maximum Revolving Advance Amount” shall mean (a) during the period commencing on June 1 of each fiscal year of VMC and ending on August 31 of such fiscal year, $65,000,000 (other than during July and August 2022, during which months the Maximum Revolving Advance Amount shall be $70,000,000), (b) during the period (i) commencing on February 1 of each fiscal year of VMC and ending on May 31 of such fiscal year and (ii) commencing on September 1 of each fiscal year of VMC and ending on September 30 of such fiscal year, $60,000,000 (c) during the period commencing on October 1 of each fiscal year of VMC and ending on November 30 of such fiscal year, $40,000,000 (other than during October 2022, during which month the Maximum Revolving Advance Amount shall be $45,000,000) and (d) during the period commencing on December 1 of each fiscal year of VMC and ending on the last day of January in such fiscal year, $30,000,000. “Maximum Revolving Advance Availability” shall mean, as of any date of determination, the lesser of (a) the Maximum Revolving Advance Amount, minus the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, or (b) the Formula Amount. “Maximum Swing Loan Advance Amount” shall mean $5,000,000. “Maximum Undrawn Amount” shall mean with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn (whether or not any of the circumstances permitting the beneficiary to so draw exist at the time of determination), including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective. “Modified Commitment Transfer Supplement” shall have the meaning set forth in Section 16.3(d) hereof.
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Examples of Maximum Face Amount in a sentence

  • Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuer a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Commitment Percentage of the Maximum Face Amount of such Letter of Credit and the amount of such drawing, respectively.

  • The TIA does not need to be submitted, but the electronic transaction authorization may still be submittedn Maximum Face Amount eligible for coverage is $1,000,000 .

  • L/C No. Borrower Maximum Face Amount Current Face Amount Currency Financials or Performance SBLC Beneficiary Name Issuance Date Expiry Date Auto Renewal Date of Amendment Amount of Amendment [The L/C Issuer made a payment, with respect to L/C No. _______, on [insert date] in the amount of [$]_____________].

  • Each increase will be subject to the Maximum Face Amount Increase Administration Charge shown on the Policy Specifications page, unless the increase is not medically underwritten.

  • The TIA does not need to be submitted, but the electronic transaction authorization may still be submitted■ Maximum Face Amount eligible for coverage is $1,000,000.

  • Maximum Face Amount $30M when the John Hancock Vitality Program rider is elected.

  • As of the effective date of this Program, the Maximum Face Amount is $2,000,000.

  • As a rule of thumb, when the API up-revs by a full version (e.g. v1 to v2; or v2 to v3), the up-revved version is NOT backward compatible with the previous version.

  • L/C No. Maximum Face Amount Current Face Amount Beneficiary Name Issuance Date Exp.

  • All other policy provisions apply.Eligibility period: 30 daysPolicyholder Plan Choice for Life Benefit Amount For You:A member of an eligible class chooses from the following options:$1,000 increments from a minimum benefit amount of $10,000 up to a maximum benefit amount of $500,000 Maximum Face Amount of Life Insurance Benefit For your spouseThe lesser of:• 100% of your face amount; or• $500,000For your childrenAttained age at death:• Live birth to 6 months of age.


More Definitions of Maximum Face Amount

Maximum Face Amount. $ Maximum Guaranteed Issue: $ *See details in this policy's application for qualifications.
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Maximum Face Amount means, with respect to any outstanding Letter of Credit, the maximum face amount of such Letter of Credit as of the date of the issuance thereof and/or as of the date of any amendment thereto providing for any increase in the maximum face amount
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Maximum Face Amount. $ Maximum Guaranteed Issue:* $ *See details in this policy's application for qualifications.
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Related to Maximum Face Amount

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Face Amount means, when used with respect to this Security, the amount set forth on the face of this Security as its “Face Amount.”

  • Maximum Undrawn Amount means with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Maximum Revolving Advance Amount means $25,000,000.