Common use of Applicable Limitations Clause in Contracts

Applicable Limitations. (i) The applicable Payment Date shall not be later than the Due Date; (ii) the total of the Outstanding Principal Amounts of all Loans shall not exceed the principal amount set forth in the Note; (iii) the principal amount of any single Loan request shall be not less than any Minimum Draw Amount set forth under Specific Terms; and (iv) the principal amount of any single Loan request shall be an integral multiple of any Minimum Multiple Amount set forth under Specific Terms.

Appears in 2 contracts

Sources: Promissory Note (Level 8 Systems Inc), Promissory Note (Level 8 Systems Inc)