Common use of Minimum Borrowing Amount Clause in Contracts

Minimum Borrowing Amount. Except in connection with a Notice of Construction Loan Borrowing for (A) payment of fees, interest and expenses arising hereunder or under the other Financing Documents or (B) the final disbursement of Construction Loans, in each case, during the Construction Loan Availability Period, each Borrowing shall be in the minimum amount of One Million Dollars ($1,000,000) and an integral multiple of Fifty Thousand Dollars ($50,000) in excess thereof. Borrower shall give the Notice of Construction Loan Borrowing relating to the Construction Loans to Administrative Agent by no later than 12:00 p.m. at least three (3) Business Days before the requested date of each Borrowing (in the case of LIBO Loans) and no later than 12:00 p.m. at least one (1) Business Day before the requested date of each Borrowing (in the case of Base Rate Loans).

Minimum Borrowing Amount. Except in connection with a Notice of Construction Loan Borrowing for (A) payment of fees, interest and expenses 2 FINANCING AGREEMENT (TITAN SOLAR) arising hereunder or under the other Financing Documents or (B) the final disbursement of Construction Loans, in each case, during the Construction Loan Availability Period, each Borrowing shall be in the minimum amount of One Million Dollars ($1,000,000) and an integral multiple of Fifty Thousand Dollars ($50,000) in excess thereof. Borrower shall give the Notice of Construction Loan Borrowing relating to the Construction Loans to Administrative Agent by no later than 12:00 p.m. at least three (3) Business Days before the requested date of each Borrowing (in the case of LIBO Loans) and no later than 12:00 p.m. at least one (1) Business Day before the requested date of each Borrowing (in the case of Base Rate Loans).