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 Loan requested by Borrowers to be made on a single Business Day shall be for a minimum aggregate principal amount of Five Hundred Thousand Dollars ($500,000.00). Borrower shall not submit a Borrowing Request more frequently than once each calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Athersys, Inc / New)

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Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment No. 2 is a lesser amountamount or as otherwise provided herein, each Loan requested by Borrowers Borrower to be made on a single Business Day shall be for a minimum aggregate principal amount of Five Two Hundred Fifty Thousand Dollars ($500,000.00250,000.00). Borrower shall not submit a Borrowing Request more frequently than once each calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Neutral Tandem Inc)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amountamount or as otherwise provided herein, each Equipment Loan requested by Borrowers Borrower to be made on a single Business Day shall be for a minimum aggregate principal amount of Five Two Hundred Fifty Thousand Dollars ($500,000.00250,000.00). Borrower shall not submit a Borrowing Request more frequently than once each calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Neutral Tandem 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 Loan requested by Borrowers Borrower to be made on a single Business Day shall be for a minimum aggregate principal amount of Five Hundred Thousand Dollars ($500,000.00). Borrower shall not submit a Borrowing Request more frequently than once each calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Senorx Inc)

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