Minimum Loan Balance Sample Clauses

Minimum Loan Balance. Borrower shall maintain an average outstanding principal balance of the Loan for each month in the amount of Two Million Dollars ($2,000,00.00) (“Minimum Loan Balance”). If the actual average outstanding principal balance of the Loan in any month is less than the Minimum Loan Amount, Borrower must pay interest and Maintenance Fees for such month calculated on the Minimum Loan Balance.
Sample 1See All (4)
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Minimum Loan Balance. In the case of any Revolving Loan (other than the initial Revolving Loan), there shall be outstanding Revolving Loans in a minimum principal amount of $1,000, and in the case of Working Capital Loans (other than the initial Working Capital Loan), there shall be outstanding Working Capital Loans in a minimum principal amount of $1,000.
Sample 1
Minimum Loan Balance. If, as of each annual anniversary of the Closing Date through the Termination Date, the average Daily Balance outstanding during such annual period shall be less than the Minimum Loan Balance, then there shall be a charge for such annual period immediately due to Bank from Borrower, in addition to any interest and other Obligations due under this Agreement, in the positive amount equal to: (i) the excess, if any, of the Minimum Loan Balance over the actual amount of the average Daily Balance so calculated; multiplied by (ii) 3%. If the result of the equation set forth in the preceding sentence is a negative amount, then no charge shall be due under this Section 1.10(e). The charge due pursuant to the terms of this Section 1.10(e) shall be immediately payable upon the earlier of (A) the date on which such charge arises during the term of this Agreement and (B) the Termination Date.
Sample 1
Minimum Loan Balance. At all times the minimum Loan balance that Borrower must maintain is $0.00.
Sample 1
Minimum Loan Balance. From and after the date that any Investor Participant shall have purchased a junior participation in the Obligations pursuant to the terms of a Participation Agreement, Borrower shall not be entitled to repay or otherwise reduce the Obligations to an amount less than the aggregate amount of such junior participations as of any applicable date.
Sample 1
Minimum Loan Balance. Notwithstanding any other terms of this Agreement to the contrary, the Borrower shall pay to the Lender interest on Revolving Advances based upon an amount not less than the Minimum Loan Balance each calendar month during the term of this Agreement, and the Borrower shall pay any deficiency between the amount of interest due on the Minimum Loan Balance and the amount of interest otherwise calculated under Section 2.6(a) for Revolving Advances on the first day of each month and on the Termination Date.
Sample 1

Related to Minimum Loan Balance

  • Maximum Loan Amount “Maximum Loan Amount” has the meaning set forth in Section 2.1(a).

  • Loan Amount Party A agrees, subject to the terms and conditions of this Agreement, to extend the Loan to Party B and Party C in a total amount of RMB 10,000,000, of which 80% shall be for the benefit of Party B and the remaining 20% shall be for the benefit of Party C. The Loan shall be interest-free.

  • Maximum Advance Amount The amount of an Advance requested by the Company shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the aggregate number of shares of Common Stock beneficially owned by the Investor and its affiliates to exceed nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company. For the purposes of this section beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act.

  • Maximum Credit Patheon's liability for Active Materials calculated in accordance with this Section 2.2 for any Product in a Year will not exceed, in the aggregate, the Maximum Credit Value set forth in Schedule D to a Product Agreement.

  • Termination and Reduction of Aggregate Maximum Credit Amounts (a) Scheduled Termination of Commitments. Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

  • Commitment Amount With respect to any Portfolio Asset that is a Delayed-Draw Loan as of any date of determination, the maximum outstanding principal amount of such Portfolio Asset that a registered holder of the amount of such Portfolio Asset held by the Issuer would on such date be obligated to fund (including all amounts previously funded and outstanding, whether or not such amounts, if repaid, may be reborrowed).

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Maximum or Minimum Interest Rate If specified on the face hereof, this Note may have either or both of a Maximum Interest Rate or a Minimum Interest Rate. If a Maximum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever exceed such Maximum Interest Rate and in the event that the interest rate on any Interest Reset Date would exceed such Maximum Interest Rate (as if no Maximum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Maximum Interest Rate. If a Minimum Interest Rate is so designated, the interest rate for a Floating Rate Note cannot ever be less than such Minimum Interest Rate and in the event that the interest rate on any Interest Reset Date would be less than such Minimum Interest Rate (as if no Minimum Interest Rate were in effect) then the interest rate on such Interest Reset Date shall be the Minimum Interest Rate. Notwithstanding anything to the contrary contained herein, the interest rate on a Floating Rate Note shall not exceed the maximum interest rate permitted by applicable law.

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Twelve Million Dollars ($12,000,000).

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

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