Minimum Borrowing Amount definition

Minimum Borrowing Amount means (a) with respect to a Borrowing of Term Loans or Revolving Credit Loans, $1,000,000 and (b) with respect to a Borrowing of Swingline Loans, $100,000.

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Minimum Borrowing Amount means (i) for Revolving Loans, (a) $500,000 for Base Rate Loans and (b) $1,000,000 for Fixed Rate Loans, and (ii) for Swingline Loans, $100,000, and in each case, for Revolving Loans and Swingline Loans denominated in an Alternate Currency, the Dollar Equivalent thereof.

Minimum Borrowing Amount means (a) for Base Rate Loans, $1,000,000, with minimum increments thereafter of $500,000, and (b) for Eurodollar Loans, $5,000,000, with minimum increments thereafter of $500,000.

Examples of Minimum Borrowing Amount in a sentence

Such Revolving Credit Loans made in respect of such Unpaid Drawing on such Required Reimbursement Date shall be made without regard to the Minimum Borrowing Amount and without regard to the satisfaction of the conditions set forth in Section 7.
The aggregate principal amount of each Borrowing shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof (except that Loans to reimburse the applicable Issuing Bank with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable).
Such Loans made in respect of such Unpaid Drawing on such Reimbursement Date shall be made without regard to the Minimum Borrowing Amount and without regard to the satisfaction of the conditions set forth in Section 7.

More Definitions of Minimum Borrowing Amount

Minimum Borrowing Amount means $1,000,000.

Minimum Borrowing Amount means (i) with respect to a Borrowing of LIBOR Loans, the Dollar Equivalent of $1,000,000 (or, if less, the entire remaining applicable Commitments at the time of such Borrowing) and (ii) with respect to a Borrowing of ABR Loans, the Dollar Equivalent of $1,000,000 (or, if less, the entire remaining applicable Commitments at the time of such Borrowing).

Minimum Borrowing Amount means $500,000.

Minimum Borrowing Amount means

Minimum Borrowing Amount means, with respect to any Borrowing of Loans, $500,000 (or, if less, the entire remaining Commitments at the time of such Borrowing).

Minimum Borrowing Amount means $250,000.

Minimum Borrowing Amount means (a) with respect to a Borrowing of Term SOFR Loans, $5,000,000 (or, if less, the entire remaining Revolving Credit Commitments at the time of such Borrowing), (b) with respect to a Borrowing of Daily Simple SOFR Loans, $1,000,000 (or, if less, the entire remaining Revolving Credit Commitments at the time of such Borrowing), and (c) with respect to a Borrowing of ABR Loans, $1,000,000 (or, if less, the entire remaining Revolving Credit Commitments at the time of such Borrowing).