Minimum Funding Threshold means an amount equal to the lesser of (a) seventy five percent (75%) of the Facility Limit and (b) the Borrowing Base.
Minimum Funding Threshold means an amount equal to the lesser of (a)(i) beginning on the Closing Date until (but not including) June 25, 2021, zero percent (0%) and (ii) on and after June 25, 2021, seventy five percent (75%) of the Facility Limit and (b) the Borrowing Base.
Minimum Funding Threshold means, at any time of determination, the amount that is equal to the lesser of (a) sixty percent (60%) of the Facility Limit at such time and (b) the Borrowing Base at such time.
Examples of Minimum Funding Threshold in a sentence
At all times after December 12, 2021, the Borrower shall cause the Aggregate Principal to exceed the Minimum Funding Threshold.
More Definitions of Minimum Funding Threshold
Minimum Funding Threshold means, on any day, an amount equal to the lesser of (a) the product of (i) 85.00% times (ii) the Facility Limit at such time and (b) the Borrowing Base at such time.
Minimum Funding Threshold set forth in Section 1.01 of the Original Receivables Financing Agreement is hereby deleted and replaced in its entirety with the following:
Minimum Funding Threshold means an amount equal to the lesser of (a) $150,000,000 and (b) the Borrowing Base at such time.
Minimum Funding Threshold means (i) on any day prior to the ninetieth (90th) day following the Closing Date, $0 and (ii) on any day on and after the ninetieth (90th) day following the Closing Date, an amount equal to the lesser of (a) the product of (x) 80.00% times (y) the Facility Limit at such time and (b) the Borrowing Base at such time.
Minimum Funding Threshold means, on any day, an amount equal to the lesser of (a) the product of (i) 75.00% times (ii) the Facility Limitaggregate Commitment of all Purchasers at such time and (b) the Capital Coverage Amount at such time; provided, that the Seller may no more than one time per calendar year, reduce the percentage set forth in clause (a)(i) above to a lower percentage for a period of up to thirty consecutive calendar days, so long as both (x) the Seller has delivered no less than fifteen days’ prior written request therefore to the Administrative Agent and each Purchaser and (y) the Administrative Agent and each Purchaser have provided written consent thereto (such consent to be provided or withheld in the sole discretion of such Person); provided, however, that if the Administrative Agent or any Purchaser fails to so notify the Seller, the Administrative Agent or such Purchaser, as the case may be, shall be deemed to have declined such request.
Minimum Funding Threshold means $50,000,000.
Minimum Funding Threshold means an amount equal to or greater than the lesser of (a) 60.00% of the Facility Limit and (b) the Borrowing Base.