Certain Minimum Amounts Clause Samples
The 'Certain Minimum Amounts' clause establishes a baseline threshold for specific payments, obligations, or quantities within an agreement. Typically, it sets a minimum value that must be met or exceeded, such as a minimum order quantity, payment amount, or service level, regardless of other circumstances. This ensures that the parties are guaranteed a certain level of commitment or compensation, thereby providing predictability and protecting against insufficient performance or underpayment.
Certain Minimum Amounts. Each partial reduction in the Commitments, and each borrowing or prepayment of principal of Committed Loans shall be in an amount equal to the relevant minimum amounts or corresponding larger whole multiples specified below: Reduction of Commitments $ 10,000,000 $ 1,000,000 Borrowing of: Base Rate Loans $ 10,000,000 $ 1,000,000 Eurodollar Loans $ 10,000,000 $ 1,000,000 Prepayment of: Base Rate Loans $ 10,000,000 $ 1,000,000 Eurodollar Loans $ 10,000,000 $ 1,000,000 Borrowings of Base Rate Loans may be in any amount if such borrowing exhausts the full remaining amount of the Commitments. Borrowings or prepayments of Loans of different types or, in the case of Eurodollar Loans, having different Interest Periods at the same time hereunder shall be deemed separate borrowings or prepayments for the purposes of the foregoing, one for each type or Interest Period. Anything in this Agreement to the contrary notwithstanding, the aggregate principal amount of Eurodollar Loans having the same Interest Period shall be at least equal to the minimum amount set forth above.
Certain Minimum Amounts. Each partial reduction in the Commitments, and each Borrowing or repayment of principal of Loans shall be in an amount equal to the relevant minimum amounts or corresponding larger whole multiples specified below: Reduction of Commitments of a Class $ 5,000,000 $ 1,000,000 Borrowing of Loans of a Class $ 5,000,000 $ 1,000,000 Repayment of Loans of a Class $ 5,000,000 $ 1,000,000 Borrowings of Loans of either Class may be in any amount if such borrowing exhausts the full remaining amount of the Commitments of such Class.
Certain Minimum Amounts. Each partial reduction in the Commitments, each Borrowing or repayment of principal of Loans and each Drawing shall be in an amount equal to the relevant minimum amounts or corresponding larger whole multiples specified below: Reduction of Commitments $ 10,000,000 $ 1,000,000 Borrowing of Prime Rate Loans $ 10,000,000 $ 1,000,000 Repayment of Prime Rate Loans $ 10,000,000 $ 1,000,000 Drawings $ 10,000,000 $ 1,000,000 Borrowings of Prime Rate Loans may be in any amount if such borrowing exhausts the full remaining amount of the Commitments.