Minimum Loan Amounts. Each LIBOR Rate Loan shall not be less than $1,000,000 (or such smaller amount as may be agreed by the Administrative Agent in its sole discretion) for each Loan; provided that a Reference Rate Loan may be in an aggregate amount that is equal to the entire unused balance of the Available Commitment or that is required to finance the reimbursement of a Letter of Credit under Section 2.8(c) or that is equal to the amount of any unused commitment fees or interest payment that is permitted to be capitalized as a Capitalized Unused Commitment Fee Loan or Capitalized Interest Loan, as applicable, in accordance with Section 2.14(b) or Section 3.3(c) hereof, as applicable. Any Loans in an Alternative Currency shall satisfy these minimum thresholds on a Dollar Equivalent basis.
Appears in 3 contracts
Sources: Revolving Credit Agreement (TCG BDC II, Inc.), Revolving Credit Agreement (TCG BDC II, Inc.), Revolving Credit Agreement (TCG BDC II, Inc.)