Minimum Loan Clause Samples

The Minimum Loan clause sets a lower limit on the amount that can be borrowed in a single loan transaction under an agreement. Typically, this means that any request for a loan or drawdown must meet or exceed a specified minimum amount, such as $100,000 or another agreed threshold. This clause helps streamline administrative processes by preventing numerous small loan requests, thereby reducing operational burdens and ensuring efficiency for both the lender and the borrower.
Minimum Loan. The aggregate principal amount of the Loans made on any Closing Date shall be not less than the "Minimum Loan Amount" stated in the Schedule 1 document
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Minimum Loan. The aggregate principal amount of the Loans made on any Closing Date shall be not less than $1,000,000.
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Minimum Loan. A loan to a Member may not be for an amount less than $1,000.00.
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Minimum Loan. The minimum amount for any loan is $500.
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Minimum Loan. The aggregate amount of the Loan made by the Lenders at the First Closing shall be at least $1,000,000.
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Minimum Loan. 20 8.4 Payments . . . . . . . . . . . . . . . . . . . . . . . . . . 20 8.5 Excess Proceeds. . . . . . . . . . . . . . . . . . . . . . . 21
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Related to Minimum Loan

  • Minimum Amount of Each Advance Each Eurodollar Advance shall be in the minimum amount of $5,000,000 and in multiples of $1,000,000 if in excess thereof. Floating Rate Advances may be in any amount.

  • Minimum Liquidity The Borrower shall not permit Liquidity at any time to be less than $50,000,000.

  • Minimum Amount of Each Borrowing The aggregate principal amount of each Borrowing of Loans shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than 15 Borrowings of Euro Rate Loans.

  • Minimum Commitment If for a certain Service a minimum commitment has been determined in the Agreement, the Customer guarantees to respect the minimum commitment described in the Agreement during the entire period of the Agreement. If the Customer does not respect this minimum commitment, the Customer shall pay the compensation mentioned in the Agreement. If no compensation has been mentioned in the Agreement, the Customer has to pay the applicable Charges for the respective Service, or the average of the applicable Charges if different Charges are applied for the respective Service, per missing number of its minimum commitment. Services that are timely cancelled by the Customer or Services for which the Customer has paid a cancellation fee , do not, even not partly, release the Customer from its obligation to respect the minimum commitment . Services cancelled as due to Force Majeure and Services cancelled by Lineas for other reasons than Force Majeure, will be considered as a Services ordered and paid for by the Customer. Services cancelled by the Customer or by Lineas because of holidays do not, even not partly, release the Customer from its obligation to respect its minimum commitment.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.