Facility A – Minimum Amount Sample Clauses
The "Facility A – Minimum Amount" clause sets a lower limit on the amount that can be drawn or requested under Facility A of a loan agreement. In practice, this means that borrowers cannot request disbursements below a specified threshold, such as $1 million per drawdown, ensuring that administrative resources are not expended on processing small, inefficient transactions. This clause helps streamline the management of the facility and reduces administrative burden for both the lender and the borrower by preventing numerous small drawdowns.
Facility A – Minimum Amount. Facility A, the amount of the proposed Loan must be an amount which is not more than the Available Facility and which is a minimum of US$1,000,000 or, if less, the Available Facility; and