Minimum Amount of Loans Clause Samples

Minimum Amount of Loans. Base Rate Loans shall be in the minimum amount of $5,000,000, and in multiples of $1,000,000 if in excess thereof. LIBOR Rate Loans in Dollars shall be in the minimum amount of $5,000,000, and in multiples of $1,000,000 if in excess thereof. Foreign Currency Loans shall be in the minimum Dollar Equivalent amount of $3,000,000, and in multiples of $1,000,000 in excess thereof.
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Minimum Amount of Loans. Subject to the Maximum Availability, each Loan shall be made in a minimum aggregate amount of Five Hundred Thousand Dollars ($500,000).
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Minimum Amount of Loans. An aggregate of $18,000,000 of Loans pursuant to this Agreement shall close simultaneously at the Closing; provided that this condition shall not excuse any Lender from tendering the amount of such Lender's loan set forth on Exhibit A.
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Minimum Amount of Loans. Base Rate Loans and CD Rate Loans shall be in the minimum amount of $5,000,000, and in multiples of $1,000,000 if in excess thereof. LIBOR Rate Loans shall be in the minimum amount of $10,000,000, and in multiples of $1,000,000 if in excess thereof.
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Minimum Amount of Loans. Notwithstanding anything to the contrary contained in this Agreement, the Borrower shall borrow, prepay, convert and continue Loans in a manner such that there will not be outstanding at any time Loans of the same type and, in the case of LIBOR and Bid Loans, having the same Interest Period with an aggregate principal amount of less than $1,000,000.
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Minimum Amount of Loans. Pursuant to the Memorandum, each Noteholder must execute and deliver to the Company a Subscription Agreement for at least 10 Notes (a total of $50,000 face principal amount) to be paid in full at the time of subscribing, unless the Company, in its sole discretion, accepts a Subscription Agreement from a Noteholder for a fewer number of Notes. Larger Subscriptions may be made in $5,000 increments, e.g., $55,000, $60,000, etc., assuming the Noteholder subscribed for 10 Notes.
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Related to Minimum Amount of Loans

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Minimum Amount of Each Borrowing The aggregate principal amount of each Borrowing of Loans shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than 15 Borrowings of Euro Rate Loans.

  • Amount of Borrowing Tranche Each Borrowing Tranche of Loans under the LIBOR Rate Option shall be in integral multiples of $500,000 and not less than $1,000,000; and

  • Amount of Loan The Loan shall comprise the aggregate amount of Tranches disbursed by the Bank under the Credit, as confirmed by the Bank pursuant to Article 2.03.

  • Revolving Loan Prepayments (i) In the event of the termination of all the Revolving Commitments in accordance with the terms hereof, the Borrower shall, on the date of such termination, repay or prepay all of its outstanding Revolving Borrowings and, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i). (ii) In the event of any partial reduction of the Revolving Commitments in accordance with the terms hereof, then (x) at or prior to the effective date of such reduction, the Administrative Agent shall notify the Borrower and the Revolving Lenders of the sum of the Revolving Exposures after giving effect thereto and (y) if the sum of the Revolving Exposures would exceed the aggregate amount of Revolving Commitments after giving effect to such reduction, then the Borrower shall, on the date of such reduction, first, repay or prepay Revolving Borrowings and second, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess. (iii) In the event that at any time the sum of all Lenders’ Revolving Exposures exceeds the Revolving Commitments then in effect, the Borrower shall, without notice or demand, immediately first, repay or prepay Revolving Borrowings, and second, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess. (iv) In the event that the aggregate LC Exposure exceeds the LC Sublimit then in effect, the Borrower shall, without notice or demand, immediately, at the Borrower’s option, either replace or backstop (on terms and conditions acceptable to the applicable Issuing Bank) outstanding Letters of Credit or cash collateralize outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i), in an aggregate amount sufficient to eliminate such excess.