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.)