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

  • The decrease will be applied as follows: first against the most recent increase in the Stated Amount; then to other increases in the Stated Amount in the reverse order in which they occurred; and last, to the Initial Stated Amount.

  • The maximum guaranteed cost of insurance rates shown on the Policy Summary are based on the Insured's age, sex and rate class for the Initial Stated Amount and each increase in the Stated Amount.

  • 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.

  • In consideration of the issuance of the Letter of Credit, the Company hereby agrees to pay to the Bank an annual agent's fee (the ANNUAL AGENT'S FEE) equal to .25% per annum of the Initial Stated Amount from the date hereof through the Termination Date.

  • 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.

  • Suicide If the Insured commits suicide, while sane or insane, within two years from the Date of Issue, the Death Benefit represented by the Initial Stated Amount will be limited to: 1.

  • 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.

  • At the request of the Company, the ---------------- Bank shall, subject to the terms and conditions hereof, issue the Letter of Credit substantially in the form of Exhibit "A" attached hereto (the "Letter of ----------- Credit") in the Initial Stated Amount for the account of the Company and shall deliver the Letter of Credit to the Trustee.

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

  • 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.


More Definitions of Initial Stated Amount

Initial Stated Amount means the Stated Amount of the Letter of Credit on the Date of Issuance.
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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 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 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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Related to Initial Stated Amount

  • Stated Amount of each Letter of Credit shall mean, at any time, the maximum amount available to be drawn thereunder (in each case determined without regard to whether any conditions to drawing could then be met).

  • Financial Statement Date has the meaning set forth in Section 4.05 hereof.

  • 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.

  • 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 August 2024.

  • 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 2.3(b).

  • 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 A( - ) Notes, the Accumulation Amount], (ii) if such day is on or after the occurrence and during the continuance of a Class A( - ) Adverse Event, the Nominal Liquidation Amount of the Class A( - ) 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 $[•].

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

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

  • Buyer Financial Statements has the meaning set forth in Section 4.7.

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

  • Class A-3 Final Scheduled Payment Date means the Payment Date occurring in April 2027.

  • Original Financial Statements means the audited consolidated financial statements of the Company for the year ended 31 December 2012.

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

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

  • Target Financial Statements has the meaning set forth in Section 3.4(a).

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.