Initial Stated Amount definition

Initial Stated Amount has the meaning set forth in Section 2.1(a) hereof. “Interest Component” has the meaning set forth in the Letter of Credit.
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Initial Stated Amount has the meaning set forth in Section 2.1(a) hereof.
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Initial Stated Amount means $86,732,603 with respect to the --------------------- Letter of Credit supporting the Series B Bonds; $20,713,787 with respect to the Letter of Credit supporting the Series D Bonds; and $13,264,987 with respect to the Letter of Credit supporting the Series E Bonds. "Interest Component" has the meaning assigned to that term in the ------------------ second Preliminary Statement herein. "Interest Period" means, with respect to a Eurodollar Rate --------------- Advance, a period of one day or one month, in each case as elected by the Company pursuant to Section 2.05(b); provided that any such Interest Period -------- that would end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; and provided, further that no Interest Period shall -------- ------- extend beyond the scheduled repayment date of an Advance. "Issuer" has the meaning assigned to that term in the first ------ Preliminary Statement hereto. "Laws" means, collectively, all foreign, federal state and local ---- statutes, treaties, rules, regulations, ordinances, codes and administrative or controlling precedents of any Governmental Agency. "LC Bank" or "Letter of Credit Bank" means Societe Generale, Los ------- --------------------- Angeles Branch. "Letter of Credit" and "Letters of Credit" have the meanings ---------------- ----------------- assigned to those terms in the second Preliminary Statement hereto. "Level I Status" exists for any day if, on such day, the Company -------------- has a Designated Rating of (i) A or higher by S&P or (ii) A2 or higher by Moody's. "Level II Status" exists for any day if, on such day, (a) Level I --------------- Status does not exist and (b) the Company has a Designated Rating of (i) BBB+ or higher by S&P or (ii) Baa1 or higher by Moodys. "Level III Status" exists for any day if, on such day, (a) Level I ---------------- or II Status does not exist and (b) the Company has a Designated Rating of (i) BBB by S&P or (ii) Baa2 by Moody's. "Level IV Status" exists for any day if, on such day, (a) Level I, --------------- II or III Status does not exist and (b) the Company has a Designated Rating of (i) BBB- by S&P or (ii) Baa3 by Moody's.
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Examples of Initial Stated Amount in a sentence

  • Notwithstanding the foregoing and anything set forth herein to the contrary, the City agrees not to permanently reduce the Initial Stated Amount of the Letter of Credit except in accordance with the terms of the Commercial Paper Documents.

  • Each year parents are required to sign the internet/BYOD agreements on-line through Jeffco Connect as well as the RMAE student technology contract.

  • The Annual Agent's Fee shall be determined based on the Initial Stated Amount on the date hereof, and on each February 1 after the date hereof, and shall be payable quarterly by the Company in immediately available funds, in advance, on each of the Fee Dates; provided that a prorated portion of the Annual Agent's Fee shall be paid on the date hereof and on the last Fee Date prior to the Termination Date.

  • The minimum number of Single Certificates eligible for wire transfer on each Distribution Date, in the case of CitiCertificates, is 1,000,000 (representing a $1,000,000 Initial Stated Amount or initial notional amount) and, in the case of the Residual Certificates, a 100% Percentage Interest.

  • The Initial Stated Amount for each Subclass of the Class A CitiCertificates (or, in the case of the Class A-__, Class A-__ and Class A-IO CitiCertificates, their respective initial notional amounts), for the Class M CitiCertificates, for each Subclass of the Class B CitiCertificates [and for the Class L Regular Interests] are as set forth in Section 12.01(a).

  • With respect to the Preferred Shares, an amount equal to the Initial Stated Amount minus any amounts distributed to the Preferred Shareholders on prior Payment Dates pursuant to clause (xvii) of the Priority of Payments.

  • The Company hereby applies to the Bank for and authorizes and instructs the Bank to issue the Letter of Credit in the Initial Stated Amount.

  • Stated Term Amount - Initial Target Stated Amount less Initial Stated Amount.

  • Borrower hereby applies to GECC and GEGF and requests and authorizes GECC to issue the Letter of Credit, in the Initial Stated Amount thereof, for the benefit of Trustee and for the account of Borrower.

  • The Death Benefit depends on the Death Benefit Option in effect at the date of death and any increase or decrease you have made to the Initial Stated Amount.


More Definitions of Initial Stated Amount

Initial Stated Amount means $3,725,370.00.
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Initial Stated Amount means Three Million Six Hundred Twenty-Four --------------------- Thousand Dollars ($3,624,000.00), the amount available to be drawn under the Letter of Credit as of the Date of Issuance, as set forth therein.
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Initial Stated Amount has the meaning set forth in Section 2.1 of this Agreement.
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Initial Stated Amount means the amount available to be drawn under the Letter of Credit as of the Date of Issuance, as set forth therein and on the cover page hereof. Such amount shall be the sum of the Aggregate Principal Amount of the Bonds plus 49 days' interest computed at the Maximum Bond Interest Rate.
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Initial Stated Amount means $35,090,875, the maximum amount available to be drawn under the Letter of Credit as of the Closing Date.
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Initial Stated Amount means the Stated Amount of the Letter of Credit on the Date of Issuance.
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Related to Initial Stated Amount

  • 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.

  • Financial Statement Date means December 31, 1999.

  • Purchaser Financial Statements shall have the meaning specified in Section 4.8.1.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Initial Financial Statements means, collectively, (a) the audited annual consolidated financial statements of the Borrower dated as of December 31, 2014 and (b) the unaudited quarterly consolidated financial statements of the Borrower dated as of September 30, 2015.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • Class A-2 Final Scheduled Payment Date means the Payment Date occurring in February 2027.

  • Class A-1 Final Scheduled Payment Date means the Payment Date occurring in May 2023.

  • 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.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Closing Date Balance Sheet has the meaning specified in Section 2.7.

  • 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 C( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class C( - ) Adverse Event, the Nominal Liquidation Amount of the Class C( - ) Notes, and (iii) in all other circumstances, zero.

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Current Financial Statements has the meaning given to such term in Section 5.9.

  • Class B Final Scheduled Payment Date means the Payment Date occurring in June 2021.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2028.

  • Original Financial Statements means the audited consolidated financial statements of the Guarantor for the financial year ended 31 December 2014.

  • Class A-1 Final Scheduled Distribution Date means the Distribution Date.

  • Annual Financial Statement is defined in Section 10.1(a).