Common use of Minimum Stated Amount Clause in Contracts

Minimum Stated Amount. The initial Stated Amount of each Letter of Credit shall be not less than $100,000 or such lesser amount as shall be reasonably acceptable to the respective Letter of Credit Issuer. Section 2A.3.

Appears in 1 contract

Samples: Credit Agreement (Alliance Data Systems Corp)

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Minimum Stated Amount. The initial Stated Amount of each Letter of Credit shall not be not less than $100,000 100,000, or such lesser amount as shall be reasonably is acceptable to the respective Letter of Credit Issuer. Section 2A.3Issuing Bank.

Appears in 1 contract

Samples: Credit Agreement (Autotote Corp)

Minimum Stated Amount. The initial Stated Amount of each Letter of Credit shall be not less than $100,000 or such lesser amount as shall be reasonably is acceptable to the respective Letter Issuing Bank, provided that in each calendar quarter up to five Letters of Credit Issuer. Section 2A.3may be issued having an initial Stated Amount of greater than $10,000 and less than $100,000.

Appears in 1 contract

Samples: Credit Agreement (Chartwell Leisure Inc)

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Minimum Stated Amount. The initial Stated Amount of each Letter of Credit shall be not less than $100,000 5,000 or such lesser amount as shall be reasonably acceptable to the respective Letter of Credit Issuer. Section 2A.3, provided that no more than 40 Letters of Credit (including Existing Letters of Credit) (or such greater number acceptable to the Letter of Credit Issuer) shall be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Western Empire Publications Inc)

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