Credit Amount Sample Clauses
The 'Credit Amount' clause defines the specific sum of credit that one party extends to another under an agreement. Typically, this clause outlines the maximum limit of credit available, the conditions under which it can be accessed, and any relevant adjustments or restrictions. For example, it may specify that a buyer can purchase goods or services up to a certain dollar amount on credit before payment is required. The core function of this clause is to set clear financial boundaries, thereby managing risk and ensuring both parties understand the extent of the credit relationship.
Credit Amount. If, at any time, (A) the sum of the outstanding principal balance of the Term Loan on such date plus the Revolver Usage on such date exceeds (B) the Credit Amount (such excess being referred to as the “Credit Amount Excess”), then Borrower shall immediately prepay the Obligations in accordance with Section 2.4(f)(i) in an aggregate amount equal to the Credit Amount Excess.
Credit Amount. The Supplier will supply to the Company all information reasonably necessary to establish the Credit Amount as defined in Article 1. The Credit Amount and related credit terms will be periodically reviewed by the Company. The Supplier shall at all times satisfy requests for Credit Resources, and shall periodically, but no less than quarterly, provide updated information to the Company to reflect any significant or material changes in its business status and promptly notify the Company in writing of any such changes. On an ongoing basis, the Supplier must at all times maintain a Credit Amount that is consistent with the Company’s exposure to such Supplier.
Credit Amount. If given, credit for destroyed, damaged or defective Scratch Tickets will be based on the purchase price per Ticket, less commission.
Credit Amount. It is the amount of the Credit granted to the CLIENT by ▇▇▇▇▇▇▇▇, which is indicated initially in the Cover of the Credit Contract.
Credit Amount. The maximum amount of Loans which the Bank will make available to the Borrower shall not exceed FOUR MILLION AND N0/100 DOLLARS ($4,000,000) (such amount is herein called the "Credit Amount") (unless such amount is increased by the Bank in its sole and absolute discretion); provided, however, that the aggregate outstanding principal balance of the Loans plus the Letter of Credit Obligations shall not exceed the Credit Amount.
Credit Amount. Not more than four (4) times per calendar year and prior to the renewal period for the Letter of Credit, Expedia shall review the Credit Amount and determine, in consultation with Decolar, whether it should be increased or decreased based on Expedia Travel Product bookings. If Expedia, acting reasonably, decides to change the Credit Amount, Decolar shall provide the replacement Letter of Credit in the changed amount within thirty (30) days of such change.
Credit Amount. The term "Credit Amount" shall mean the maximum amount of Loans which the Lender will make available to the Borrower which amount shall not exceed Six Million Dollars ($6,000,000); provided, however, that the aggregate outstanding principal balance of the Loans plus the Letter of Credit Obligations shall not exceed the Credit Amount.
Credit Amount. As of the Date of this Lease Tenant is currently considered in holdover with respect to the ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇ Space and Suite 450 Space and Tenant has been paying rent on such spaces under the respective leases at a holdover rate. As consideration for entering into this Lease, Landlord hereby agrees to provide Tenant with a credit in the amount of $182,750.94 (the “Credit Amount”), which such Credit Amount shall, at Tenant’s option, either be applied towards abatement of Basic Annual Rent due hereunder until such amount is exhausted or be added to the Landlord’s Construction Allowance and applied towards the costs of construction of the Tenant Improvements being constructed pursuant to Exhibit B attached hereto. No later than sixty (60) days following the Commencement Date of this Lease Tenant shall provide written notice (the “Credit Amount Election Notice”) to Landlord advising it whether it will elect to apply the Credit Amount towards Basic Annual Rent abatement or as additional Landlord’s Construction Allowance. In the event Tenant fails to deliver a Credit Amount Election Notice, then Tenant shall be deemed to have elected to add the Credit Amount to the Landlord’s Construction Allowance to be used in accordance with Exhibit B hereof towards costs of Tenant Improvements. To the extent Tenant does timely deliver a Credit Amount Election Notice and in such notice elects to apply the Credit Amount towards Basic Annual Rent abatement, then such Credit Amount shall be applied towards the next installments of Basic Annual Rent becoming due under the Lease until such Credit Amount is fully exhausted.
Credit Amount. The Supplier maintain the creditworthiness and collateral requirements of both PJM and the State of Delaware.
Credit Amount. UBS grants the Borrower a credit limit of maximum CHF 7,000,000. The credit agreement is supplemented by the following wording: Duties of Notification The paragraph “Duties of Notification” is supplemented by: