Bank Product Amount definition

Bank Product Amount shall have the meaning set forth in the definition of Bank Product.

Bank Product Amount is defined in the definition of Bank Product.

Bank Product Amount as defined in the definition of Secured Bank Product Obligations.

Examples of Bank Product Amount in a sentence

• In the absence of such notice, the Administrative Agent may assume the amount to be distributed is the Bank Product Amount last reported to the Administrative Agent.

• The Bank Product Amount may be changed from time to time upon written notice to Agent by the Secured Party and Obligor.

• Bank Product Amount: as defined in the definition of Bank Product.

• Amounts distributed with respect to any Bank Product Debt shall be the last Bank Product Amount reported to the Administrative Agent; provided that any such Bank Product Provider may provide an updated Bank Product Amount to the Administrative Agent prior to payments made pursuant to this Section.

• No Bank Product Amount may be established or increased at any time that a Default or Event of Default exists, or if a reserve in such amount would cause an Overadvance.

More Definitions of Bank Product Amount

Bank Product Amount has the meaning specified in the definition of “Bank Product Debt.”

Bank Product Amount means the Bank’s determination, in its reasonable discretion, as to the maximum dollar amount of the obligations arising under any Bank Products that may be included in a reserve under the Borrowing Base.

Bank Product Amount has the meaning specified in the definition of Secured Bank Product Provider.

Bank Product Amount as defined in Section 5.5.1.

Bank Product Amount has the meaning set forth in the definition of Obligations.

Bank Product Amount as defined in the definition of Bank Product. Bank Product Debt: Debt and other obligations of an Obligor relating to Bank Products.

Bank Product Amount as defined in the definition of Secured Bank Product Obligations. Bank Product Debt: Debt and other obligations of an Obligor relating to Bank Products. Bank Product Reserve: the aggregate amount of reserves established by Agent from time to time in its discretion in respect of Secured Bank Product Obligations. Bankruptcy Code: Title 11 of the United States Code. Base Rate: for any day, a per annum rate equal to the greatest of (a) the Prime Rate for such day; (b) the Federal Funds Rate for such day, plus 0.50%; and (c) LIBOR for a 30 day interest period as determined on such day, plus 1.5%.