Common use of Establishment of Portions Clause in Contracts

Establishment of Portions. for purposes of determining interest, Borrowers may designate and subdivide the aggregate outstanding balance under the Line of Credit Facility (including any other amounts advanced to or on behalf of any Borrower under the Loan Documents) into a maximum of eight (8) Portions (inclusive of the number of Portions permitted under the Term Loan Facility). No Portion may be less than $500,000 (unless it is designated as $0.00), AND all Portions collectively must total the aggregate outstanding balance under the Line of Credit Facility. If there is less than $1,000,000 outstanding under the Line of Credit Facility, then only one Portion will be permitted.

Establishment of Portions. for For purposes of determining interest, Borrowers may designate and subdivide the aggregate outstanding balance under the Line of Credit Term Loan Facility (including any other amounts advanced to or on behalf of any Borrower under the Loan Documents) into a maximum of eight (8) Portions (inclusive of the number of Portions permitted under the Term Loan Line of Credit Facility). No Portion may be less than $500,000 (unless it is designated as $0.00), AND all Portions collectively must total the aggregate outstanding balance under the Line of Credit Term Loan Facility. If there is less than $1,000,000 outstanding under the Line of Credit Term Loan Facility, then only one Portion will be permitted.

Establishment of Portions. for For purposes of determining interest, Borrowers Borrower may designate and subdivide the aggregate outstanding balance under the Line of Credit Facility (including any other amounts advanced to or on behalf of any Borrower under the Loan Documents) into a maximum of eight three (8) Portions (inclusive of the number of Portions permitted under the Term Loan Facility)3) Portions. No Portion may be less than $500,000 100,000 (unless it is designated as $0.000.00 or the aggregate outstanding balance under the Line of Credit Facility is less than $100,000 or such Portion is accruing interest based upon the Prime Rate), AND and all Portions collectively must total the aggregate outstanding balance under the Line of Credit Facility. If there is less than $1,000,000 200,000 outstanding under the Line of Credit Facility, then only one Portion will be permitted.