Minimum Exchangeable Amount Sample Clauses
The Minimum Exchangeable Amount clause sets a threshold for the smallest quantity of a currency or asset that can be exchanged under an agreement. In practice, this means that any transaction or exchange request must meet or exceed this specified minimum amount; for example, if the minimum is set at $10,000, parties cannot request exchanges for lesser sums. This clause helps prevent administrative inefficiency and excessive transaction costs by ensuring that only meaningful, cost-effective exchanges are processed.
Minimum Exchangeable Amount. The Company may set a minimum number or dollar value of Exchangeable Units that may be exchanged by Exchanging Holders on a Quarterly Exchange Date, which minimum amount shall be the same for all holders of Exchangeable Units (the “Minimum Exchangeable Amount”) and shall include the applicable Minimum Exchangeable Amount in the applicable Quarterly Exchange Date Notice. If an Exchanging Holder delivers an Elective Exchange Notice pursuant to Section 3.1 requesting to exchange all of its Exchangeable Units, the number or dollar value, as applicable, of the Exchanging Holder’s Exchangeable Units shall be deemed to satisfy the Minimum Exchangeable Amount requirement.