Common use of MINIMUM BORROWING Clause in Contracts

MINIMUM BORROWING. Subject to the terms and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 of Schedule A and (ii) maintain Availability sufficient to enable Borrower to do so. However, Lender shall not be obligated to loan Borrower the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

Appears in 12 contracts

Samples: Loan and Security Agreement (First Wave Marine Inc), Loan and Security Agreement (Intellicell Corp), Loan and Security Agreement (Urban Juice & Soda Co LTD /Wy/)

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MINIMUM BORROWING. Subject to the terms and conditions of this Agreement, Borrower agrees Borrowers agree to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 of Schedule A and (ii) maintain Availability sufficient to enable each Borrower to do so. However, Lender shall not be obligated to loan Borrower Borrowers the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Titan Global Holdings, Inc.)

MINIMUM BORROWING. Subject to the terms and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the aggregate outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 of Schedule A and (ii) maintain aggregate Availability sufficient to enable Borrower to do so. However, Lender shall not be obligated to loan Borrower the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Sparta Surgical Corp)

MINIMUM BORROWING. Subject to the terms and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount Amounts set forth in Section 4 of Schedule A and (ii) maintain Availability sufficient to enable Borrower to do so. However, Lender shall not be obligated to loan Borrower the Minimum Loan Amount Amounts other than in accordance with all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Big Smith Brands Inc)

MINIMUM BORROWING. Subject to the terms and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 of Schedule A and (ii) maintain Availability sufficient to enable Borrower to do so. However, Lender the Agent and Lenders shall not be obligated to loan Borrower the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Titan Global Holdings, Inc.)

MINIMUM BORROWING. Subject to the terms and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 of Schedule A or pay the Minimum Borrowing Fee set forth in Section 6 of Schedule A; and (ii) maintain Availability sufficient to enable Borrower to do so. However, Lender shall not be obligated to loan Borrower the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Obsidian Enterprises Inc)

MINIMUM BORROWING. Subject to the terms and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 of Schedule A and (ii) maintain Availability sufficient to enable Borrower to do so. However, Lender shall not be obligated obligated. to loan Borrower the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Enherent Corp)

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MINIMUM BORROWING. Subject to the terms terns and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 of Schedule A and (ii) maintain Availability sufficient to enable Borrower to do so. However, Lender shall not be obligated to loan Borrower the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Coffee Holding Co Inc)

MINIMUM BORROWING. Subject to the terms and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 5 of Schedule A and (ii) maintain Availability sufficient to enable Borrower to do so. However, Lender shall not be obligated to loan Borrower the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Thomas Equipment, Inc.)

MINIMUM BORROWING. Subject to the terms and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 of Schedule A and (ii) use its best efforts to maintain Availability sufficient to enable Borrower to do so. However, Lender shall not be obligated to loan Borrower the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Cragar Industries Inc /De)

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