Minimum Funding Threshold Clause Samples
The Minimum Funding Threshold clause sets a required minimum amount of funding that must be secured before a project or agreement can proceed. In practice, this means that if the specified funding level is not reached by a certain deadline, the parties are not obligated to continue with the project or may terminate the agreement without penalty. This clause ensures that all parties are protected from the risks associated with underfunded projects and helps prevent the commencement of work that lacks adequate financial support.
Minimum Funding Threshold. The Borrower shall cause the Aggregate Capital to exceed the Minimum Funding Threshold at all times.
Minimum Funding Threshold. The Aggregate Capital plus the Adjusted LC Participation Amount shall exceed the Minimum Funding Threshold.
Minimum Funding Threshold. The Seller shall cause the Aggregate Capital to equal or exceed the Minimum Funding Threshold at all times unless and until the Termination Date occurs.
Minimum Funding Threshold. The Seller shall maintain Aggregate Capital equal to or greater than an amount that is equal to the lesser of (a) sixty-six and sixty-seven hundredths percent (66.67%) of the Facility Limit at such time and (b) the Capital Coverage Amount at such time.
Minimum Funding Threshold. The Borrower shall not permit Aggregate Capital to be less than the applicable Minimum Funding Threshold, subject to the exemption provided in Section 2.02(d).
Minimum Funding Threshold. The Aggregate Capital shall exceed the Minimum Funding Threshold at any time after the initial Investment hereunder.
Minimum Funding Threshold. At all times after the 60th day following the Closing Date, the Seller shall cause the Aggregate Capital to exceed the Minimum Funding Threshold at all times; provided, that, upon written notice from the Seller to the Administrative Agent, the Seller shall be entitled to designate by written notice to the Administrative Agent a holiday from compliance with the Minimum Funding Threshold for a period of sixty consecutive calendar days not more than once per calendar year.
Minimum Funding Threshold. At all times after December 12, 2021, the Borrower shall cause the Aggregate Principal to exceed the Minimum Funding Threshold.
Minimum Funding Threshold. The Borrower shall cause the Aggregate Principal to equal or exceed the Minimum Funding Threshold at all times unless and until the Termination Date occurs.
Minimum Funding Threshold. The Seller shall request Investments pursuant to Section 2.02 in amounts and at such time that the Aggregate Capital equals or exceeds the Minimum Funding Threshold unless and until the Termination Date occurs. It being understood and agreed that each Investment pursuant to this Agreement is subject to applicable conditions set forth in Article V and the other conditions set forth in Article II.