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.
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Samples: Loan and Security Agreement (Singing Machine Co Inc)
Minimum Loan Balance. Borrower shall maintain an average outstanding principal balance of the Loan for each month in the amount of Two Million Seven Hundred Fifty Thousand and 00/100 Dollars ($2,000,00.00750,000.00) (“"Minimum Loan Balance”"). If the actual average outstanding principal balance of the Loan in any month is less than the Minimum Loan AmountBalance, Borrower must pay interest and Maintenance Fees for such month calculated on the Minimum Loan Balance.
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Samples: Loan and Security Agreement (Salona Global Medical Device Corp)
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) 750,000.00 (“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 (as defined in the Schedule) for such month calculated on the Minimum Loan Balance.
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Minimum Loan Balance. Borrower shall maintain an average outstanding principal balance of the Loan for each month in the amount of Two Million Dollars $1,000,000.00 ($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 (as defined in the Schedule) for such month calculated on the Minimum Loan Balance.
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