Minimum Loan definition

Minimum Loan means, with respect to any Facility A Loan, Facility B Loan or Facility C Loan, Two Hundred Thousand Dollars ($200,000.00).
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Minimum Loan means, in respect of Loans comprising part of the same Borrowing, or to be converted or continued under Section 2.4, (a) in the case of Dollar Loans and other ABR Loans, U.S. $5,000,000 or a higher integral multiple of U.S. $1,000,000; (b) in the case of Term Loans that are Eurocurrency Rate Loans, U.S. $10,000,000 or a higher integral multiple of U.S. $1,000,000; and (c) in the case of Loans (other than Swing Loans) in an Offshore Currency, the Currency Threshold for such Offshore Currency.
Sample 1
Minimum Loan amount: Not Applicable
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Examples of Minimum Loan in a sentence

  • However, Lender shall not be obligated to loan Borrower the Minimum Loan Amount other than in accordance with all of the terms and conditions of this Agreement.

  • Subject to the terms and conditions of this Agreement, Borrower agrees to (i) borrow sufficient amounts to cause the outstanding principal balance of the Loans to equal or exceed, at all times prior to the Maturity Date, the Minimum Loan Amount set forth in Section 4 of Schedule A and (ii) maintain Availability sufficient to enable Borrower to do so.

  • Each loan must be for at least the Minimum Loan Amount shown in Section 1.

  • Profile for Public Employee certificates, with the following information: - Document version1.5- Document statusPublished- Emission dateJune 30th 2012- Expiration dateNA Internet address of this document is listed in Annex B.

  • Minimum Loan Amount and Maximum Loan Term: Because of the high cost of underwriting and processing loans, HUD guidelines recommend that the minimum commercial float loan should be at least $100,000.00.

  • The interest rate per annum for the first year to the third year is Minimum Loan Rate (MLR) minus 1.75 percent per annum.

  • We will not make a loan to You or increase an outstanding loan for less than the Minimum Loan Amount shown on the Policy Summary.

  • Interest rate is Minimum Loan Rate (MLR) less a fixed percentage as stipulated in the contract.

  • This long-term loan carries interest at a rate no higher than Minimum Loan Rate and repayable monthly.

  • We will not make a loan to You or increase an existing loan for less than the Minimum Loan Amount shown on the Policy Summary.


More Definitions of Minimum Loan

Minimum Loan means $1,250,000.
Sample 1
Minimum Loan means, in respect of Loans comprising part of the same Borrowing, or to be converted or continued under Section 2.4, (a) in the case of ABR Loans, U.S. $10,000,000 or a higher integral multiple of U.S. $1,000,000; (b) in the case of LIBOR Loans that are Dollar Term A Loans or Term B Loans, U.S. $10,000,000 or a higher integral multiple of U.S. $1,000,000; (c) in the case of LIBOR Loans that are Euro Term A Loans, Euro 10,000,000 or a higher integral multiple of Euro 1,000,000; (d) in the case of Revolving Loans that are LIBOR Loans (other than Revolving Loans made in Euros), a minimum Dollar Equivalent amount of U.S. $10,000,000 or a higher integral multiple of the Dollar Equivalent amount of U.S. $1,000,000; (e) in the case of Revolving Loans made in Euros, a minimum of Euro 10,000,000 and an integral multiple of Euro 1,000,000; and (f) in the case of Revolving Loans made in any Applicable Currency other than U.S. Dollars or Euros, a minimum of 10,000,000 of the applicable unit and an integral multiple of 1,000,000 of the applicable unit.
Sample 1

Related to Minimum Loan

  • Minimum Liquidity means, as of any date of determination, the sum of (a) the aggregate unused amount of the Commitments as of such date and (b) unrestricted cash of the Loan Parties as of such date.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

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

  • Minimum Commitment means any minimum commitment of time and usage for use of the Services by You during the Term of this Agreement.

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • Maximum Loan Rate With respect to each Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Loan Rate thereunder.

  • Maximum Facility Amount means the aggregate Commitments as then in effect, which amount shall not exceed $200,000,000; provided that at all times after the Reinvestment Period, the Maximum Facility Amount shall mean the aggregate Advances Outstanding at such time.

  • Minimum Lifetime Mortgage Rate The minimum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Maximum Advance Amount shall be Two Hundred Fifty Thousand Dollars ($250,000) per Advance Notice.

  • Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).

  • Minimum Funding Amount means, on any date of determination, the amount set forth in the table below: The date that is six months following the Effective Date December 20, 2018 60% of the Financing Commitment December 21, 2018 March 20, 2019 65% of the Financing Commitment March 21, 2019 Day prior to the last day of the Ramp-Up Period 75% of the Financing Commitment The last day of the Ramp-Up Period The last day of the Reinvestment Period 85% of the Financing Commitment

  • Minimum Liquidity Amount shall have the meaning assigned to such term in the Pricing Side Letter.

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Minimum Borrowing Amount means (i) for Revolving Loans, $5,000,000, and (ii) for Swingline Loans, $1,000,000.

  • Maximum Revolving Advance Amount means $25,000,000.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Minimum Amount means the Minimum Amount as specified in § 1 of the Product and Underlying Data.

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Minimum Balance Requirements The minimum balance to open the account is $5.00. If the balance falls below $5 at any time, the account may be closed. See Balance Computation Method above. Fees and Charges; Other Requirements: See our Schedule of Fees at xxxxxxx.xxx/xxxx. Dividends: See Disclosures Concerning Dividends above. Current rates are disclosed on the Credit Union’s website.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.