{"component": "clause", "props": {"groups": [{"samples": [{"hash": "6vrnpQlgimV", "uri": "/contracts/6vrnpQlgimV#minimum-balance-fee", "label": "Credit and Security Agreement (Aterian, Inc.)", "score": 37.2053375244, "published": true}, {"hash": "ag8E8A90JcJ", "uri": "/contracts/ag8E8A90JcJ#minimum-balance-fee", "label": "Credit and Security Agreement (Aterian, Inc.)", "score": 36.6577682495, "published": true}, {"hash": "6uNZ7x7mOrb", "uri": "/contracts/6uNZ7x7mOrb#minimum-balance-fee", "label": "Amendment No. 3 to Credit and Security Agreement (Aterian, Inc.)", "score": 36.2279243469, "published": true}], "snippet_links": [{"key": "day-of", "type": "clause", "offset": [13, 19]}, {"key": "commencing-on", "type": "clause", "offset": [32, 45]}, {"key": "the-borrowers", "type": "clause", "offset": [63, 76]}, {"key": "pay-to", "type": "definition", "offset": [86, 92]}, {"key": "ratable-benefit", "type": "clause", "offset": [108, 123]}, {"key": "all-lenders", "type": "definition", "offset": [127, 138]}, {"key": "revolving-loans", "type": "clause", "offset": [157, 172]}, {"key": "sum-of", "type": "clause", "offset": [178, 184]}, {"key": "fees-due", "type": "clause", "offset": [205, 213]}, {"key": "prior-month", "type": "definition", "offset": [222, 233]}, {"key": "fully-earned", "type": "clause", "offset": [275, 287]}, {"key": "when-due-and-payable", "type": "clause", "offset": [288, 308]}], "snippet": "On the first day of each month, commencing on January 1, 2022, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders committed to make Revolving Loans, the sum of the Minimum Balance Fees due for the prior month. The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.", "size": 45, "hash": "bbc3b482e17dbce39df53e806f91fa1d", "id": 1}, {"samples": [{"hash": "ekD3PrpaLe1", "uri": "/contracts/ekD3PrpaLe1#minimum-balance-fee", "label": "Credit, Security and Guaranty Agreement (Arq, Inc.)", "score": 37.2464065708, "published": true}, {"hash": "2Thb6fXokrk", "uri": "/contracts/2Thb6fXokrk#minimum-balance-fee", "label": "Credit, Security and Guaranty Agreement (Arq, Inc.)", "score": 36.0034217834, "published": true}], "snippet_links": [{"key": "following-the-closing-date", "type": "clause", "offset": [0, 26]}, {"key": "in-accordance-with", "type": "clause", "offset": [67, 85]}, {"key": "day-of", "type": "clause", "offset": [113, 119]}, {"key": "the-borrowers", "type": "clause", "offset": [132, 145]}, {"key": "pay-to", "type": "definition", "offset": [155, 161]}, {"key": "ratable-benefit", "type": "clause", "offset": [177, 192]}, {"key": "all-lenders", "type": "definition", "offset": [196, 207]}, {"key": "sum-of", "type": "clause", "offset": [213, 219]}, {"key": "fees-due", "type": "clause", "offset": [240, 248]}, {"key": "prior-month", "type": "definition", "offset": [257, 268]}, {"key": "fully-earned", "type": "clause", "offset": [310, 322]}, {"key": "when-due-and-payable", "type": "clause", "offset": [323, 343]}], "snippet": "Following the Closing Date until the termination of this Agreement in accordance with Section 2.12, on the first day of each month, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month. The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.", "size": 2, "hash": "5726006dfae20d54ef78cea3131bcffa", "id": 2}, {"samples": [{"hash": "kS9HrRtUJPN", "uri": "/contracts/kS9HrRtUJPN#minimum-balance-fee", "label": "Credit Agreement (Tri-S Security Corp)", "score": 19.0, "published": true}], "snippet_links": [{"key": "agreement-to", "type": "definition", "offset": [55, 67]}, {"key": "date-hereof", "type": "clause", "offset": [101, 112]}], "snippet": "Notwithstanding anything in Section 2.14 of the Credit Agreement to the contrary, from and after the date hereof the Minimum Balance Fee shall be $0.", "size": 1, "hash": "5d7ac48062b1a8fb075d2648b6ac0859", "id": 3}, {"samples": [{"hash": "iL4IF43OLkf", "uri": "/contracts/iL4IF43OLkf#minimum-balance-fee", "label": "Revolving Credit and Security Agreement (Spectranetics Corp)", "score": 26.4360027313, "published": true}], "snippet_links": [{"key": "following-the-closing-date", "type": "clause", "offset": [9, 35]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [64, 82]}, {"key": "all-lenders", "type": "definition", "offset": [83, 94]}, {"key": "in-accordance-with", "type": "clause", "offset": [130, 148]}, {"key": "pro-rata-shares", "type": "definition", "offset": [166, 181]}, {"key": "equal-to", "type": "definition", "offset": [202, 210]}, {"key": "minimum-balance", "type": "clause", "offset": [259, 274]}, {"key": "principal-balance", "type": "definition", "offset": [309, 326]}, {"key": "revolving-loan-outstandings", "type": "definition", "offset": [330, 357]}, {"key": "the-credit-agreement", "type": "clause", "offset": [486, 506]}, {"key": "applicable-to", "type": "clause", "offset": [553, 566]}, {"key": "the-revolving-loans", "type": "clause", "offset": [567, 586]}, {"key": "an-event-of-default", "type": "definition", "offset": [634, 653]}, {"key": "default-rate-of-interest", "type": "definition", "offset": [659, 683]}, {"key": "monthly-in-arrears", "type": "clause", "offset": [738, 756]}, {"key": "day-of", "type": "clause", "offset": [770, 776]}], "snippet": "From and following the Closing Date, Borrowers shall pay Agent, for the benefit of all Lenders committed to make Revolving Loans, in accordance with their respective Pro Rata Shares, a fee in an amount equal to (a) the positive difference, if any, of (i) the Minimum Balance minus (ii) the average end-of-day principal balance of Revolving Loan Outstandings during the immediately preceding month (without giving effect to the clearance day calculations referenced in Section 2.2(a) of the Credit Agreement), multiplied by (b) the average interest rate applicable to the Revolving Loans during such month (or, during the existence of an Event of Default, the default rate of interest set forth in Section 10.5(a)). Such fee is to be paid monthly in arrears on the first day of each month.", "size": 1, "hash": "7894f6d81311d7e019d885d9dbca7b69", "id": 4}, {"samples": [{"hash": "iVPzu2wNGp9", "uri": "/contracts/iVPzu2wNGp9#minimum-balance-fee", "label": "Credit, Security and Guaranty Agreement (Revolving Loan) (Cerus Corp)", "score": 34.3360710144, "published": true}], "snippet_links": [{"key": "day-of", "type": "clause", "offset": [13, 19]}, {"key": "commencing-on", "type": "clause", "offset": [32, 45]}, {"key": "the-borrowers", "type": "clause", "offset": [53, 66]}, {"key": "pay-to", "type": "definition", "offset": [76, 82]}, {"key": "ratable-benefit", "type": "clause", "offset": [98, 113]}, {"key": "all-lenders", "type": "definition", "offset": [117, 128]}, {"key": "sum-of", "type": "clause", "offset": [134, 140]}, {"key": "prior-month", "type": "definition", "offset": [177, 188]}, {"key": "in-the-case", "type": "clause", "offset": [200, 211]}, {"key": "minimum-balance-fees", "type": "definition", "offset": [253, 273]}, {"key": "existing-credit-agreement", "type": "definition", "offset": [284, 309]}, {"key": "fully-earned", "type": "clause", "offset": [352, 364]}, {"key": "when-due-and-payable", "type": "clause", "offset": [365, 385]}, {"key": "all-accrued", "type": "clause", "offset": [459, 470]}, {"key": "due-and-owing", "type": "definition", "offset": [487, 500]}, {"key": "pursuant-to-section", "type": "definition", "offset": [510, 529]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [570, 592]}, {"key": "calendar-month", "type": "clause", "offset": [671, 685]}, {"key": "following-the-closing-date", "type": "clause", "offset": [686, 712]}], "snippet": "On the first day of each month, commencing on [***], the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fee due for the prior month (including in the case of the [***] payment, accrued and unpaid Minimum Balance Fees under the Existing Credit Agreement). The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable. The Borrowers hereby agree that all accrued and unpaid fees due and owing to Agent pursuant to Section 2.2(d) of the Existing Credit Agreement as of the Closing Date shall be paid in cash by the Borrowers to Agent on the first day of the first calendar month following the Closing Date.", "size": 1, "hash": "3ee02b9ac95d0dcad9d31569a7cf7c2b", "id": 5}, {"samples": [{"hash": "eywippleGZI", "uri": "/contracts/eywippleGZI#minimum-balance-fee", "label": "Loan, Security and Guarantee Agreement (Applied Optoelectronics, Inc.)", "score": 31.8870639801, "published": true}], "snippet_links": [{"key": "pay-to", "type": "definition", "offset": [16, 22]}, {"key": "monthly-fee", "type": "clause", "offset": [31, 42]}, {"key": "equal-to", "type": "definition", "offset": [43, 51]}, {"key": "the-contract-rate", "type": "definition", "offset": [56, 73]}, {"key": "default-rate", "type": "clause", "offset": [96, 108]}, {"key": "if-applicable", "type": "clause", "offset": [110, 123]}, {"key": "minimum-balance", "type": "clause", "offset": [191, 206]}, {"key": "average-monthly", "type": "definition", "offset": [219, 234]}, {"key": "revolver-usage", "type": "clause", "offset": [235, 249]}, {"key": "due-and-payable", "type": "definition", "offset": [437, 452]}, {"key": "day-of", "type": "clause", "offset": [475, 481]}, {"key": "calendar-month", "type": "clause", "offset": [487, 501]}, {"key": "commencing-on", "type": "clause", "offset": [503, 516]}, {"key": "commitment-termination-date", "type": "definition", "offset": [545, 572]}], "snippet": "Borrowers shall pay to Agent a monthly fee equal to (a) the Contract Rate (giving effect to the Default Rate, if applicable at such time) multiplied by (b) the amount by which the applicable Minimum Balance exceeds the average monthly Revolver Usage for such month; provided, that if the average monthly Revolver Usage for any month exceeds the applicable Minimum Balance, no such fee shall be payable for such month. Such fees shall be due and payable on the first calendar day of each calendar month (commencing on January 1, 2023) and on the Commitment Termination Date.", "size": 1, "hash": "9f68e9d7c6b872585026a372ef0268b3", "id": 6}, {"samples": [{"hash": "eb5tTsnPu0p", "uri": "/contracts/eb5tTsnPu0p#minimum-balance-fee", "label": "Credit and Security Agreement (Mohawk Group Holdings, Inc.)", "score": 29.8350448608, "published": true}], "snippet_links": [{"key": "day-of", "type": "clause", "offset": [13, 19]}, {"key": "commencing-on-the", "type": "clause", "offset": [32, 49]}, {"key": "first-month", "type": "definition", "offset": [50, 61]}, {"key": "second-amendment-effective-date", "type": "definition", "offset": [72, 103]}, {"key": "the-borrowers", "type": "clause", "offset": [105, 118]}, {"key": "pay-to", "type": "definition", "offset": [128, 134]}, {"key": "ratable-benefit", "type": "clause", "offset": [150, 165]}, {"key": "all-lenders", "type": "definition", "offset": [169, 180]}, {"key": "sum-of", "type": "clause", "offset": [186, 192]}, {"key": "fees-due", "type": "clause", "offset": [213, 221]}, {"key": "prior-month", "type": "definition", "offset": [230, 241]}, {"key": "fully-earned", "type": "clause", "offset": [283, 295]}, {"key": "when-due-and-payable", "type": "clause", "offset": [296, 316]}, {"key": "at-the-end-of-the", "type": "clause", "offset": [432, 449]}, {"key": "in-the-case", "type": "clause", "offset": [509, 520]}, {"key": "restricted-foreign-subsidiary", "type": "definition", "offset": [526, 555]}, {"key": "the-equity-interests", "type": "clause", "offset": [616, 636]}, {"key": "first-tier", "type": "definition", "offset": [649, 659]}, {"key": "existing-credit-agreement", "type": "definition", "offset": [743, 768]}, {"key": "amended-and-restated", "type": "clause", "offset": [779, 799]}], "snippet": "On the first day of each month, commencing on the first month following Second Amendment Effective Date, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fees due for the prior month. The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable.\u201d\n(f) Clause (c) of Section 4.11 is hereby amended by revising the proviso at the end of the subclause (i) thereof as follows: \u201cprovided, however, that in the case of a Restricted Foreign Subsidiary, Borrowers shall not be required to pledge more than 65% of the Equity Interests of any such first tier Restricted Foreign Subsidiary\u201d\n(g) The first sentence of Section 9.2(g)(iv) of the Existing Credit Agreement is hereby amended and restated to read as follows:", "size": 1, "hash": "e4dd6cfbbc2a6a5f40a88a4fd0d0f039", "id": 7}, {"samples": [{"hash": "fwCJNGnncri", "uri": "/contracts/fwCJNGnncri#minimum-balance-fee", "label": "Credit Agreement (Shimmick Corp)", "score": 36.2142372131, "published": true}], "snippet_links": [{"key": "pay-to", "type": "definition", "offset": [16, 22]}, {"key": "joint-and-several", "type": "definition", "offset": [35, 52]}, {"key": "ratable-account", "type": "definition", "offset": [68, 83]}, {"key": "revolving-lenders", "type": "clause", "offset": [91, 108]}, {"key": "equal-to", "type": "definition", "offset": [173, 181]}, {"key": "principal-balance", "type": "definition", "offset": [274, 291]}, {"key": "loans-outstanding", "type": "clause", "offset": [305, 322]}, {"key": "applicable-to", "type": "clause", "offset": [427, 440]}, {"key": "the-revolving-loans", "type": "clause", "offset": [441, 460]}, {"key": "after-giving", "type": "clause", "offset": [462, 474]}, {"key": "due-and-payable", "type": "definition", "offset": [556, 571]}, {"key": "monthly-in-arrears", "type": "clause", "offset": [572, 590]}, {"key": "day-of", "type": "clause", "offset": [604, 610]}, {"key": "from-and-after-the-closing-date", "type": "clause", "offset": [622, 653]}, {"key": "prior-to-the", "type": "clause", "offset": [687, 699]}, {"key": "the-obligations", "type": "clause", "offset": [714, 729]}, {"key": "paid-in-full", "type": "definition", "offset": [734, 746]}], "snippet": "Borrowers shall pay to Agent, on a joint and several basis, for the ratable account of the Revolving Lenders, a minimum balance fee (the \u201cMinimum Balance Fee\u201d) in an amount equal to (a) the positive difference, if any, remaining after subtracting\n(i) the average end-of-day principal balance of Revolving Loans outstanding during the immediately preceding month from (ii) the Minimum Balance multiplied by (b) the highest rate applicable to the Revolving Loans (after giving effect to Section 2.06(c)) during such month, which Minimum Balance Fee shall be due and payable monthly in arrears on the first day of each month from and after the Closing Date up to the first day of the month prior to the date on which the Obligations are paid in full and on the date on which the Obligations are paid in full.", "size": 1, "hash": "8feef6072d5c11daa877932352ff4ddc", "id": 8}, {"samples": [{"hash": "bgqYgICILYd", "uri": "/contracts/bgqYgICILYd#minimum-balance-fee", "label": "Credit, Security and Guaranty Agreement (Revolving Loan) (Xtant Medical Holdings, Inc.)", "score": 33.1793289185, "published": true}], "snippet_links": [{"key": "day-of", "type": "clause", "offset": [13, 19]}, {"key": "april-1", "type": "definition", "offset": [46, 53]}, {"key": "the-borrowers", "type": "clause", "offset": [61, 74]}, {"key": "pay-to", "type": "definition", "offset": [84, 90]}, {"key": "ratable-benefit", "type": "clause", "offset": [106, 121]}, {"key": "all-lenders", "type": "definition", "offset": [125, 136]}, {"key": "sum-of", "type": "clause", "offset": [142, 148]}, {"key": "prior-month", "type": "definition", "offset": [185, 196]}, {"key": "in-the-case", "type": "clause", "offset": [208, 219]}, {"key": "minimum-balance-fees", "type": "definition", "offset": [269, 289]}, {"key": "existing-credit-agreement", "type": "definition", "offset": [300, 325]}, {"key": "fully-earned", "type": "clause", "offset": [368, 380]}, {"key": "when-due-and-payable", "type": "clause", "offset": [381, 401]}, {"key": "all-accrued", "type": "clause", "offset": [475, 486]}, {"key": "due-and-owing", "type": "definition", "offset": [503, 516]}, {"key": "pursuant-to-section", "type": "definition", "offset": [526, 545]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [586, 608]}, {"key": "calendar-month", "type": "clause", "offset": [687, 701]}, {"key": "following-the-closing-date", "type": "clause", "offset": [702, 728]}], "snippet": "On the first day of each month, commencing on April 1, 2024, the Borrowers agree to pay to Agent, for the ratable benefit of all Lenders, the sum of the Minimum Balance Fee due for the prior month (including in the case of the April 1, 2024 payment, accrued and unpaid Minimum Balance Fees under the Existing Credit Agreement). The Minimum Balance Fee shall be deemed fully earned when due and payable and, once paid, shall be non-refundable. The Borrowers hereby agree that all accrued and unpaid fees due and owing to Agent pursuant to Section 2.2(d) of the Existing Credit Agreement as of the Closing Date shall be paid in cash by the Borrowers to Agent on the first day of the first calendar month following the Closing Date.", "size": 1, "hash": "13fe7c98a3d92ed0a4da980224445f7e", "id": 9}, {"samples": [{"hash": "lVcNzfzfd3m", "uri": "/contracts/lVcNzfzfd3m#minimum-balance-fee", "label": "Amendment and Forbearance Agreement (Tri-S Security Corp)", "score": 19.0, "published": true}], "snippet_links": [{"key": "no-event-of-default", "type": "clause", "offset": [18, 37]}, {"key": "to-maintain", "type": "clause", "offset": [63, 74]}, {"key": "principal-amount-outstanding", "type": "clause", "offset": [79, 107]}, {"key": "initial-minimum", "type": "clause", "offset": [149, 164]}, {"key": "day-period", "type": "clause", "offset": [215, 225]}, {"key": "during-the-term", "type": "clause", "offset": [226, 241]}, {"key": "in-addition-to", "type": "clause", "offset": [243, 257]}, {"key": "fees-due", "type": "clause", "offset": [281, 289]}, {"key": "the-loan-documents", "type": "clause", "offset": [296, 314]}, {"key": "to-lender", "type": "definition", "offset": [334, 343]}, {"key": "success-fee", "type": "definition", "offset": [346, 357]}, {"key": "equal-to", "type": "definition", "offset": [382, 390]}, {"key": "number-of-months", "type": "definition", "offset": [395, 411]}, {"key": "in-the-event", "type": "clause", "offset": [538, 550]}, {"key": "to-repay", "type": "clause", "offset": [622, 630]}, {"key": "by-june", "type": "clause", "offset": [650, 657]}, {"key": "per-month", "type": "clause", "offset": [763, 772]}, {"key": "four-months", "type": "definition", "offset": [781, 792]}, {"key": "demand-by-lender", "type": "clause", "offset": [885, 901]}, {"key": "no-demand", "type": "clause", "offset": [909, 918]}, {"key": "upon-payment-in-full", "type": "clause", "offset": [920, 940]}, {"key": "no-minimum-balance", "type": "clause", "offset": [968, 986]}, {"key": "balance-of-the", "type": "clause", "offset": [1035, 1049]}, {"key": "at-all-times", "type": "definition", "offset": [1069, 1081]}, {"key": "if-borrower", "type": "clause", "offset": [1144, 1155]}, {"key": "default-fee", "type": "definition", "offset": [1191, 1202]}], "snippet": "If there has been no Event of Default, and Borrower has failed to maintain the principal amount outstanding under the 2007 Term Loan at or above the Initial Minimum Balance (i.e., $100,000) for any consecutive five day period during the Term, in addition to all other interest and fees due under the Loan Documents, Borrower must pay to Lender a success fee (\u201cMinimum Balance Fee\u201d) equal to the number of months (partial or otherwise) that any portion of the 2007 Term Loan is outstanding during the Term, multiplied by $50,000.00 (e.g., in the event that Borrower successfully pursues opportunities, or is otherwise able to repay the 2007 Term Loan by June of 2007, for the months of March to June of 2007, the Minimum Balance Fee would be $200.000, or, $50,000 per month for the four months that a balance was outstanding during the Term). The Minimum Balance Fee shall be paid upon demand by Lender, or if no demand, upon payment in full of the 2007 Term Loan, but no Minimum Balance Fee shall be owing if the outstanding principal balance of the 2007 Term Loan is, at all times during the Term, greater than the Initial Minimum Balance, or if Borrower is obligated to make the Term Loan Default Fee.", "size": 1, "hash": "e41c41b956d1eb93a6eff5a4d49e9436", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhxtaW5pbXVtLWJhbGFuY2UtZmVlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["interest-interest-calculations-and-certain-fees", "Interest Interest Calculations and Certain Fees"], ["loans", "Loans"], ["miscellaneous", "Miscellaneous"], ["time-of-day", "Time of Day"], ["time-is-of-the-essence", "Time is of the Essence"]], "size": 58, "title": "Minimum Balance Fee", "children": [], "id": "minimum-balance-fee", "related": [["minimum-balance", "Minimum Balance", "Minimum Balance"], ["minimum-cash-balance", "Minimum Cash Balance", "Minimum Cash Balance"], ["minimum-interest", "Minimum Interest", "Minimum Interest"], ["minimum-interest-coverage", "Minimum Interest Coverage", "Minimum Interest Coverage"], ["over-allowance-amount", "Over-Allowance Amount", "Over-Allowance Amount"]], "related_snippets": [], "updated": "2026-04-03T05:45:28+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A Minimum Balance Fee clause establishes a charge that applies when an account's balance falls below a specified threshold. Typically, this fee is assessed monthly or per statement cycle if the account holder does not maintain the required minimum balance, and it is commonly found in checking or savings account agreements. The core function of this clause is to incentivize customers to keep a certain amount of funds in their accounts, thereby helping financial institutions manage liquidity and offset the costs of account maintenance."}, "json": true, "cursor": ""}}