Minimum Loan Balance definition

Minimum Loan Balance means $8,500,000.

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Minimum Loan Balance means ***.

Minimum Loan Balance means (a) from February 1, 2006 through and including May 31, 2006, two and one half million dollars ($2,500,000); (b) from June 1, 2006 through and including September 30, 2006, five million dollars ($5,000,000); (c) from October 1, 2006 through and including January 31, 2007, seven and one half million dollars ($7,500,000); and (d) from February 1, 2007 and at all times thereafter, ten million dollars ($10,000,000).

Examples of Minimum Loan Balance in a sentence

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.
The amount of the Collateral Monitoring Charge shall be equal to one-half of one (.50%) percent multiplied by the greater of (i) the average balance of the loan owing to Lender at the close of each day for such monthly period, or (ii) the Minimum Loan Balance (the "Minimum Collateral Monitoring Charge").
Borrower acknowledges that the administrative costs associated with the financing to be extended to Borrower under this Agreement are such that Lender cannot continue to finance Borrower at a level of profitability at the rates provided for herein in the event that the Average Monthly Loan Balance is less than the Minimum Loan Balance.
Borrower will pay Crestmark a monthly Maintenance Fee of one-half of one percent (0.50%) of the higher of the monthly average outstanding principal balance of the Loan for the preceding month or the Minimum Loan Balance, due and payable on the first day of the following month.
In no event, however, shall Borrower be obligated to pay interest on the Minimum Loan Balance if the Average Monthly Loan Balance is less than the Minimum Loan Balance to the extent the assessment or collection of such interest together with all other amounts deemed interest hereunder, would exceed the maximum rate permitted by applicable law.
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.
Borrower shall maintain an average outstanding principal balance of the Loan for each month in the amount of Seven Hundred Fifty Thousand and 00/100 Dollars ($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 for such month calculated on the Minimum Loan Balance.
If the actual average outstanding principal balance of the Loan in any month is less than the Minimum Loan Balance, Borrower must pay interest and Maintenance Fees for such month calculated on the Minimum Loan Balance.
Borrower shall maintain an average outstanding principal balance of the Loan for each month in the amount of $1,000,000.00 ("Minimum Loan Balance").

More Definitions of Minimum Loan Balance

Minimum Loan Balance. Borrower shall maintain an average outstanding principal balance of the Loan for each month in the amount of Two Million and 00/100 Dollars ($2,000,000.00) ("Minimum Loan Balance"). If the actual average outstanding principal balance of the Loan in any month is less than the Minimum Loan Balance, Borrower must pay interest and Maintenance Fees (as defined in the Schedule) for such month calculated on the Minimum Loan Balance.

Minimum Loan Balance means $2,250,000.

Minimum Loan Balance means $2,500,000.

Minimum Loan Balance and "Revolver Note" in Section 1 of the Loan Agreement and by substituting in lieu thereof the following: