Common use of Minimum Funding Amount Clause in Contracts

Minimum Funding Amount. Except to the extent the remaining Commitment is a lesser amount, any Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000). Borrower shall not submit a Borrowing Request for Loans more frequently than once each calendar month.

Appears in 2 contracts

Samples: Security Agreement, Security Agreement (EnteroMedics Inc)

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Minimum Funding Amount. Except to the extent the remaining Growth Capital Loan Commitment is a lesser amount, any Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate original principal amount of Two Million Five One Hundred Thousand Dollars ($2,500,000100,000). Borrower shall not submit a Borrowing Request for Loans more frequently than once each calendar month.

Appears in 1 contract

Samples: Intellectual Property Security Agreement (MeetMe, Inc.)

Minimum Funding Amount. Except to the extent the remaining Growth Capital Loan Commitment or Additional Growth Capital Loan Commitment is a lesser amount, any Growth Capital Loans or Additional Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000500,000). Borrower shall not submit a Borrowing Request for Loans more frequently than once each calendar month, provided that a Borrowing Request may request more than one type of Loan.

Appears in 1 contract

Samples: Loan and Security Agreement (EnteroMedics Inc)

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Minimum Funding Amount. Except to the extent the remaining Growth Capital Loan Commitment is a lesser amount, any Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate principal amount of Two Million Five Hundred Fifty Thousand Dollars ($2,500,00050,000). Borrower shall not submit a Borrowing Request for Loans more frequently than once each calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Quepasa Corp)

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