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Common use of Minimum Borrowing Amount Clause in Contracts

Minimum Borrowing Amount. The principal amount of each Term Loan shall not be less than the lesser of (i) $5,000,000 and (ii) the then-remaining aggregate amount of Commitments of all Lenders.

Appears in 3 contracts

Sources: Loan and Security Agreement (Frontier Communications Parent, Inc.), Bridge Loan and Security Agreement (Uniti Group Inc.), Bridge Loan and Security Agreement (Uniti Group Inc.)

Related Clauses

  • Maximum Borrowing Amounts
  • Minimum Borrowing Amounts; Maximum Eurodollar Loans
  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings
  • Amount of Borrowing Tranche
  • Minimum Amount of Each Borrowing

Parent Clauses

  • Notice of Borrowing
  • The Terms of the Credit Facility
  • Loans
  • Loan Facility
  • Procedures

Sub-Clauses

  • Borrowings Pro Rata
  • Notice to Lenders
  • Several Nature of Funding Obligations
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