Minimum Stated Amount definition

Minimum Stated Amount. The Stated Amount of each Letter of Credit shall be not less than $10,000 or such lesser amount as is acceptable to the respective Issuing Bank.
Sample 1
Minimum Stated Amount has the meaning specified in the Letter of Credit Agreement.
Sample 1

Examples of Minimum Stated Amount in a sentence

  • After any change, the Stated Amount in effect may not be less than the Minimum Stated Amount shown on the Policy Summary or which would disqualify this policy as a contract for life insurance.

  • Letters of Credit 2.01 Letters of Credit 2.02 Minimum Stated Amount 2.03 Letter of Credit Requests; Request for Issuance of Letter of Credit 2.04 Agreement to Repay Letter of Credit Payments 2.05 Letter of Credit Participations 2.06 Increased Costs 2.07 Indemnities SECTION 3.

  • Letters of Credit 46 3.01 Letters of Credit 46 3.02 Maximum Letter of Credit Outstandings; Final Maturities 47 3.03 Letter of Credit Requests; Minimum Stated Amount 48 3.04 Letter of Credit Participations 48 3.05 Agreement to Repay Letter of Credit Drawings 50 3.06 Increased Costs 51 SECTION 4.

  • You may not decrease the Stated Amount to less than the Minimum Stated Amount shown on Page 3.

  • Minimum Stated Amount......................................................................

  • Letters of Credit 48 3.01 Letters of Credit 48 3.02 Minimum Stated Amount 50 3.03 Letter of Credit Requests 50 3.04 Letter of Credit Participations 50 3.05 Agreement to Repay Letter of Credit Drawings 52 3.06 Increased Costs 53 SECTION 4.

  • Letter of Credit Requests; Minimum Stated Amount..............................................

  • Letter of Credit Requests; Minimum Stated Amount.................

  • For the purposes of Paragraphs 1 and 3 of this Loan Agreement: The "Facility Amount" is $50,000,000 The "Minimum Stated Amount" is $5,000,000 The "Maximum Term" is 180 days.

  • You may not make a change that will decrease the Stated Amount to less than the Minimum Stated Amount shown on Page 3.

Related to Minimum Stated Amount

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • 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.

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Required Daily Deposit Target Principal Amount means, for any day in a Due Period, (i) if such Due Period is in [the Accumulation Period for the Class A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) Notes, and (iii) in all other circumstances, zero.

  • Disputed Amount means an amount which Customer disputes. A Disputed Amount may relate to the whole or part of an invoice(s).

  • Submitted Amount has the meaning set forth in Section 2.05(a)(v)(C)(1).

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Designated Amount means the lesser of:

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Maximum Swingline Amount means $5,000,000.

  • Reconciliation Amount has the meaning given to it in paragraph 9.9 of Schedule 9.1 (Financial and Other Consequences of Change);

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Aggregate Expense Rate With respect to any Mortgage Loan, the sum of the Master Servicing Fee Rate, the applicable Servicing Fee Rate and the rate of any lender-paid Primary Mortgage Insurance Policy.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • FX Reduction Amount is defined in Section 2.1.3.

  • Capitalization Reimbursement Amount As to any Distribution Date, the amount of Advances or Servicing Advances that were added to the Stated Principal Balance of the related Mortgage Loans during the prior calendar month and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date pursuant to Section 3.10(a)(vii), plus the Capitalization Reimbursement Shortfall Amount remaining unreimbursed from any prior Distribution Date and reimbursed to the Master Servicer or Subservicer on or prior to such Distribution Date.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Requested Amount has the meaning assigned to such term in Section 2.02.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Allocated Amount has the meaning set forth in Section 2.6 hereof.