Bank Product Amount definition
Examples of Bank Product Amount in a sentence
In the absence of such notice, Agent may assume the amount to be distributed is the Bank Product Amount last reported to it.
Amounts distributed with respect to any Bank Product Debt shall be the lesser of the applicable Bank Product Amount last reported to Agent or the actual Bank Product Debt as calculated by the methodology reported to Agent for determining the amount due.
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.
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.