Common use of Amount of Credit Clause in Contracts

Amount of Credit. Any reference herein to the amount of credit outstanding shall mean, at any particular time: (a) in the case of a Prime Rate Loan or a BA Rate Loan, the U.S. Dollar Equivalent of the principal amount thereof; (b) in the case of a Bankers’ Acceptance, the U.S. Dollar Equivalent of the face amount thereof; (c) in the case of a LIBOR Loan or Base Rate Canada Loan, the principal amount thereof; (d) in the case of a U.S. dollar denominated Letter, the contingent liability of the relevant Issuing Lender thereunder; and (e) in the case of a Letter denominated in a currency other than U.S. dollars, the U.S. Dollar Equivalent of the contingent liability of the relevant Issuing Lender thereunder.