Minimum Amounts; Maximum Sets Clause Samples
The "Minimum Amounts; Maximum Sets" clause establishes the lowest permissible quantity and the highest allowable number of groupings or batches for a particular transaction or obligation. In practice, this means that parties must meet or exceed a specified minimum threshold for each transaction, while also not exceeding a set limit on the number of separate sets or deliveries. For example, a supplier may be required to deliver at least 100 units per shipment, but no more than five shipments in total. This clause ensures operational efficiency and predictability by preventing excessively small transactions and limiting administrative complexity from too many separate sets.
Minimum Amounts; Maximum Sets. All borrowings, conversions and continuations of Term Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Set shall be equal to $1.0 million or a whole multiple of $250,000 in excess thereof and so that there shall not be more than 12 Sets at any one time outstanding.
Minimum Amounts; Maximum Sets. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Set shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof (provided that, notwithstanding the foregoing (x) any Loan may be borrowed in an amount equal to the aggregate amount of the Commitments in respect of such Loan and (y) any Loan may be converted or continued in its entirety), and so that there shall not be more than 20 Sets at any one time outstanding.
Minimum Amounts; Maximum Sets. All borrowings, conversions and continuations of Term Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the SOFR Loans comprising each Set shall be equal to $1.0 million or a whole multiple of $250,000 in excess thereof and so that there shall not be more than 12 Sets at any one time outstanding.
Minimum Amounts; Maximum Sets. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Eurocurrency Loans outstanding in Dollars comprising each Set shall be equal to $5.0 million or a whole multiple of $1.0 million in excess thereof and the Dollar Equivalent of the aggregate principal amount of the Revolving Loans that are BA Equivalent Loans or Eurocurrency Loans outstanding in any Designated Foreign Currency comprising each Set shall be equal to $5.0 million or a whole multiple of $1.0 million in excess thereof (provided that, notwithstanding the foregoing, any Loan may be converted or continued in its entirety), and so that there shall not be more than 30 Sets at any one time outstanding.
Minimum Amounts; Maximum Sets. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of Eurodollar Loans outstanding in Euro comprising each Set shall be equal to €5,000,000 or a whole multiple of €1,000,000 in excess thereof, the aggregate principal amount of Eurodollar Loans outstanding in Dollars comprising each Set shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and the Euro Equivalent of the aggregate principal amount of Eurodollar Loans outstanding in any other Designated Currency comprising each Set shall be equal to €5,000,000 or a whole multiple of €1,000,000 in excess thereof (provided that notwithstanding the foregoing, any loan may be continued or converted in its entirety), and so that there shall not be more than 20 Sets at any one time outstanding.
Minimum Amounts; Maximum Sets. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Set shall be in a minimum aggregate amount of $500,000 and integral multiples of $100,000 in excess thereof (in the case of Loans denominated in Dollars), in a minimum aggregate amount of €1,000,000 and in integral multiples of €100,000 in excess thereof (in the case of Loans denominated in Euro) and in a minimum aggregate amount of the Dollar Equivalent of $1,000,000, or integral multiples of the Dollar Equivalent of $100,000 in excess thereof (in the case of Loans denominated in a Designated Foreign Currency other than Euro) and in a minimum aggregate amount of the Dollar Equivalent of $1,000,000, or integral multiples of the Dollar Equivalent of $100,000 in excess thereof (in the case of Loans denominated in a Designatef Foreign Currency other than Euro) (or, in each case, in such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion) and so that there shall not be more than 10 Sets at any one time outstanding.
Minimum Amounts; Maximum Sets. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Daily Simple SOFR Rate Loans or Term SOFR Rate Loans comprising each Set shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof (provided that, notwithstanding the foregoing (x) any Loan may be borrowed in an amount equal to the aggregate amount of the Commitments in respect of such Loan and (y) any Loan may be converted or continued in its entirety), and so that there shall not be more than 20 Sets at any one time outstanding.