Common use of Minimum Funding Amount; Maximum Number of Borrowing Requests Clause in Contracts

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan requested by Borrower to be made on a single Business Day shall be for a minimum original principal amount of One Hundred Thousand Dollars ($100,000). Borrower shall not submit a Borrowing Request more frequently than once each month.

Appears in 2 contracts

Samples: Loan and Security Agreement (Oculus Innovative Sciences, Inc.), Loan and Security Agreement (Oculus Innovative Sciences, Inc.)

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Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Two Million Five Hundred Thousand Dollars ($100,0002,500,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Ten Million Dollars ($10,000,000). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.

Appears in 2 contracts

Samples: Loan and Security Agreement (Impel Neuropharma Inc), Loan and Security Agreement (Impel Neuropharma Inc)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Hundred Thousand Million Dollars ($100,0001,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Million Dollars ($3,000,000). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.

Appears in 2 contracts

Samples: Loan and Security Agreement (Rani Therapeutics Holdings, Inc.), Loan and Security Agreement (Rani Therapeutics Holdings, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Each Growth Capital Loan requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Hundred Thousand Million Dollars ($100,0001,000,000). Borrower shall not submit a Borrowing Request more frequently than once one time per month. The proceeds of each monthGrowth Capital Loan shall be used to finance Borrower’s general corporate purposes.

Appears in 1 contract

Samples: Loan and Security Agreement (Stable Road Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Each Growth Capital Loan requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Two Hundred Fifty Thousand Dollars ($100,000250,000). Borrower shall not submit a Borrowing Request more frequently than once one time per month. The proceeds of each monthGrowth Capital Loan shall be used to finance Xxxxxxxx’s general corporate purposes and to repay certain of the Borrower’s existing Indebtedness on the Closing Date.

Appears in 1 contract

Samples: Supplement to Loan and Security Agreement (Arrowroot Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Two Million Five Hundred Thousand Dollars ($100,0002,500,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in the aggregate original principal amount of Ten Million Dollars ($10,000,000). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Eyenovia, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Hundred Thousand Million Dollars ($100,0001,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Fifteen Million Dollars ($15,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.;

Appears in 1 contract

Samples: Loan and Security Agreement (LifeMD, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Five Million Dollars ($5,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in the aggregate original principal amount of Seventeen Million Five Hundred Thousand Dollars ($100,00017,500,000). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Beyond Air, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Hundred Thousand Twenty Million Dollars ($100,00020,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in the aggregate original principal amount of Eighty Million Dollars ($80,000,000). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Benson Hill, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Hundred Thousand Two Million Dollars ($100,0002,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Fifteen Million Dollars ($15,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Biovie Inc.)

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Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each The Growth Capital Loan requested by Borrower to be made on a single Business Day shall be for a minimum original principal amount of One Two Hundred Fifty Thousand Dollars ($100,000250,000). Borrower shall not submit a Borrowing Request more frequently than once each one time per month. The proceeds of the Growth Capital Loan shall be used to finance Xxxxxxxx’s general corporate purposes.

Appears in 1 contract

Samples: Loan and Security Agreement (Arrowroot Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Hundred Thousand Million Dollars ($100,0001,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Funding Date in a minimum original principal amount of Twenty Million Dollars ($20,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.;

Appears in 1 contract

Samples: Loan and Security Agreement (Abeona Therapeutics Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Each Growth Capital Loan requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Two Hundred Fifty Thousand Dollars ($100,000250,000) (i.e., One Hundred Twenty-Five Thousand Dollars ($125,000) per Lender). Borrower shall not submit a Borrowing Request more frequently than once one time per month. The proceeds of each monthGrowth Capital Loan shall be used to finance Xxxxxxxx’s general corporate purposes.

Appears in 1 contract

Samples: Loan and Security Agreement (Arrowroot Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Hundred Thousand Five Million Dollars ($100,0005,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Fifteen Million Dollars ($15,000,000). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.;

Appears in 1 contract

Samples: Loan and Security Agreement (Rani Therapeutics Holdings, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Hundred Thousand Million Dollars ($100,0001,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Eight Million Dollars ($8,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Viveon Health Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loan Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Hundred Thousand Million Dollars ($100,0001,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Fifteen Million Dollars ($15,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once each per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Delcath Systems, Inc.)

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