Common use of Minimum Deposit Amount Clause in Contracts

Minimum Deposit Amount. If, at the time of the Tranche 2 Borrowing, Borrower is required to maintain the Minimum Deposit Amount in the Cash Collateral Account pursuant to Section 10.03, then the amount on deposit in the Cash Collateral Account, after giving effect to such Borrowing shall be equal to the Minimum Deposit Amount in effect at such time; provided that Borrower shall provide evidence to Administrative Agent showing that immediately prior to such funding of the Tranche 2 Loans, Borrower has deposited $1,500,000 in immediately available funds in the Cash Collateral Account. Borrower shall indicate in the Notice of Borrowing for the Tranche 2 Borrowing whether the proceeds of the Tranche 2 Borrowing are to be transmitted by the Administrative Agent to the Cash Collateral Account on the Borrowing Date to satisfy the Minimum Deposit Amount in effect at such time.1 Section 6.03 Tranche 2

Appears in 1 contract

Samples: Term Loan Agreement (Axogen, Inc.)

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Minimum Deposit Amount. If, at the time of the Tranche 2 3 Borrowing, Borrower is required to maintain the Minimum Deposit Amount in the Cash Collateral Account pursuant to Section 10.03, then the amount on deposit in the Cash Collateral Account, after giving effect to such Borrowing Borrowing, shall be equal to the Minimum Deposit Amount in effect at such time; provided that Borrower shall provide evidence to Administrative Agent showing that immediately prior to such funding of the Tranche 2 3 Loans, Borrower has deposited $1,500,000 2,500,000 in immediately available funds in the Cash Collateral Account. Borrower shall indicate in the Notice of Borrowing for the Tranche 2 3 Borrowing whether the proceeds of the Tranche 2 3 Borrowing are to be transmitted by the Administrative Agent to the Cash Collateral Account on the Borrowing Date to satisfy the Minimum Deposit Amount in effect at such time.1 Section 6.03 Tranche 2time.

Appears in 1 contract

Samples: Term Loan Agreement (Axogen, Inc.)

Minimum Deposit Amount. If, at the time of the Tranche 2 Borrowing, Borrower is required to maintain the Minimum Deposit Amount in the Cash Collateral Account pursuant to Section 10.03, then the amount on deposit in the Cash Collateral Account, after giving effect to such Borrowing shall be equal to the Minimum Deposit Amount in effect at such time; provided ​ ​ that Borrower shall provide evidence to Administrative Agent showing that immediately prior to such funding of the Tranche 2 Loans, Borrower has deposited $1,500,000 in immediately available funds in the Cash Collateral Account. Borrower shall indicate in the Notice of Borrowing for the Tranche 2 Borrowing whether the proceeds of the Tranche 2 Borrowing are to be transmitted by the Administrative Agent to the Cash Collateral Account on the Borrowing Date to satisfy the Minimum Deposit Amount in effect at such time.1 Section 6.03 Tranche 2time.1

Appears in 1 contract

Samples: Term Loan Agreement (Axogen, Inc.)

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Minimum Deposit Amount. If, at the time of the Tranche 2 3 Borrowing, Borrower is required to maintain the Minimum Deposit Amount in the Cash Collateral Account pursuant to Section 10.03, then the amount on deposit in the Cash Collateral Account, after giving effect to such Borrowing Borrowing, shall be equal to the Minimum Deposit Amount in effect at such time; provided that Borrower shall provide evidence to Administrative Agent showing that immediately prior to such funding of the Tranche 2 3 Loans, Borrower has deposited $1,500,000 2,500,000 in immediately available funds in the Cash Collateral Account. Borrower shall indicate in the Notice of Borrowing for the Tranche 2 3 Borrowing whether the proceeds of the Tranche 2 3 Borrowing are to be transmitted by the Administrative Agent to the Cash Collateral Account on the Borrowing Date to satisfy the Minimum Deposit Amount in effect at such time.1 time. Section 6.03 Tranche 26.05

Appears in 1 contract

Samples: Term Loan Agreement (Axogen, Inc.)

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