Minimum Advances Sample Clauses
The Minimum Advances clause sets a lower limit on the amount that can be borrowed or drawn in a single transaction under a loan or credit facility. Typically, this means that each advance or drawdown must meet or exceed a specified minimum dollar amount, such as $100,000, and requests for smaller amounts will not be processed. This clause helps streamline administrative processes for lenders and borrowers by reducing the frequency of small, inefficient transactions, ensuring that the facility is used for substantial funding needs rather than minor, frequent withdrawals.
Minimum Advances. Each Advance by way of Bankers' Acceptance shall be in a minimum aggregate face amount of $500,000 and larger whole multiples of $100,000.
Minimum Advances. Each Prime Rate Advance (other than an Overdraft Advance) shall be in an aggregate amount of not less than Cdn.$1,000,000. Each Base Rate Advance (other than an Overdraft Advance) shall be in an aggregate amount of not less than US$1,000,000. Each Libor Advance shall be in an aggregate amount of not less than US$1,000,000 and in an integral multiple of US$100,000.
Minimum Advances. Except for Swingline Loans, no Advances shall be for an aggregate amount of less than $5,000,000 (or the approximate Equivalent thereof in any applicable Optional Currency). No more than five different Interest Periods may exist at any time.
Minimum Advances. Each Advance under the Revolving Credit Commitment shall be in an amount of $100,000.00 or a greater integral multiple of $50,000.00.
Minimum Advances. Each Floating Rate Advance shall be in a minimum amount of $10,000,000 or in an integral multiple of $1,000,000 in excess thereof, provided, that any Floating Rate Advance may be in the amount of the unused Aggregate Revolving Loan Commitment. Each Eurodollar Rate Advance and all conversions to and continuations of Eurodollar Loans shall be in a minimum amount of $10,000,000 or in an integral multiple of $1,000,000 in excess thereof, provided that at no time may there be more than 20 Eurodollar Rate Advances outstanding at any time.
Minimum Advances. The Advances under each Credit Facility shall be in a minimum aggregate amount of 5,000,000 (£, Cdn$ or €, as applicable) and larger whole multiples of 1,000,000 (£, Cdn$ or €, as applicable) thereafter.
Minimum Advances. The initial Advance shall not be less than $60,000,000. The amount of each Advance requested by the Borrower thereafter shall not be less than the difference of the Minimum Utilization Amount less the aggregate principal amount of all outstanding Advances at such time. The Borrower hereby irrevocably instructs each Lender to make Advances to the U.S. Collection Account or the Canadian Collection Account, as directed by the Borrower, after the date hereof, in an amount equal to such ▇▇▇▇▇▇’s Percentage of the amount necessary to ensure that the outstanding principal balance of Advances, at any time prior to the Termination Date, are not less than $60,000,000.
Minimum Advances. Each Prime Rate Advance (other than a Swingline Advance) shall be in an aggregate amount (as to all relevant Lenders) of not less than Cdn$10,000,000, and each US Base Rate Advance (other than a Swingline Advance) shall be in an aggregate amount (as to all relevant Lenders) of not less than US$10,000,000. Each NY Prime Rate Advance shall be in an aggregate amount (as to all relevant Lenders) of not less than US$5,000,000. Each SOFR Advance shall be in an aggregate amount (as to all relevant Lenders) of not less than US$5,000,000 and in an integral multiple of US$100,000.
Minimum Advances. Each Advance by way of Prime Loan shall be in a minimum aggregate amount of Cdn$1,000,000. Each Advance by way of Bankers' Acceptance shall be in a minimum aggregate face amount of Cdn$2,000,000 and larger whole multiples of Cdn$100,000.
Minimum Advances. Advances shall not be made more frequently than twice monthly or in amounts less than $100,000 per Advance, provided, however, Borrower shall pay Lender an advance fee of $500 for the second Advance in any month.