Common use of Minimum Funding Amount; Maximum Number of Borrowing Requests Clause in Contracts

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Dollars ($1,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Million Dollars ($3,000,000). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.

Appears in 2 contracts

Samples: Loan and Security Agreement (Rani Therapeutics Holdings, Inc.), Loan and Security Agreement (Rani Therapeutics Holdings, Inc.)

AutoNDA by SimpleDocs

Minimum Funding Amount; Maximum Number of Borrowing Requests. Except to the extent the remaining Commitment is a lesser amount, each Growth Capital Loans Loan requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Hundred Thousand Dollars ($1,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Million Dollars ($3,000,000100,000). Borrower shall not submit a Borrowing Request more frequently than once per calendar each month.

Appears in 2 contracts

Samples: Loan and Security Agreement (Oculus Innovative Sciences, Inc.), Loan and Security Agreement (Oculus Innovative Sciences, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Two Million Five Hundred Thousand Dollars ($1,000,0002,500,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Ten Million Dollars ($3,000,00010,000,000). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.

Appears in 2 contracts

Samples: Loan and Security Agreement (Impel Neuropharma Inc), Loan and Security Agreement (Impel Neuropharma Inc)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Five Million Dollars ($1,000,0005,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Fifteen Million Dollars ($3,000,00015,000,000). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.;

Appears in 1 contract

Samples: Loan and Security Agreement (Rani Therapeutics Holdings, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Dollars ($1,000,0001,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Fifteen Million Dollars ($3,000,00015,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.;

Appears in 1 contract

Samples: Loan and Security Agreement (LifeMD, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Each Growth Capital Loans Loan requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Two Hundred Fifty Thousand Dollars ($1,000,000); provided250,000) (i.e., however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Million One Hundred Twenty-Five Thousand Dollars ($3,000,000125,000) per Lender). Borrower shall not submit a Borrowing Request more frequently than once one time per calendar month. The proceeds of each Growth Capital Loan shall be used to finance Xxxxxxxx’s general corporate purposes.

Appears in 1 contract

Samples: Agreement (Arrowroot Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Each Growth Capital Loans Loan requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Two Hundred Fifty Thousand Dollars ($1,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Million Dollars ($3,000,000250,000). Borrower shall not submit a Borrowing Request more frequently than once one time per calendar month. The proceeds of each Growth Capital Loan shall be used to finance Xxxxxxxx’s general corporate purposes and to repay certain of the Borrower’s existing Indebtedness on the Closing Date.

Appears in 1 contract

Samples: Agreement (Arrowroot Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Each Growth Capital Loans Loan requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Dollars ($1,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Million Dollars ($3,000,000). Borrower shall not submit a Borrowing Request more frequently than once one time per calendar month. The proceeds of each Growth Capital Loan shall be used to finance Borrower’s general corporate purposes.

Appears in 1 contract

Samples: Loan and Security Agreement (Stable Road Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Two Million Dollars ($1,000,0002,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Fifteen Million Dollars ($3,000,00015,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Biovie Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Twenty Million Dollars ($1,000,00020,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum the aggregate original principal amount of Three Eighty Million Dollars ($3,000,00080,000,000). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Benson Hill, Inc.)

AutoNDA by SimpleDocs

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Dollars ($1,000,0001,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Fifteen Million Dollars ($3,000,00015,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Delcath Systems, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. The Growth Capital Loans Loan requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Two Hundred Fifty Thousand Dollars ($1,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Million Dollars ($3,000,000250,000). Borrower shall not submit a Borrowing Request more frequently than once one time per calendar month. The proceeds of the Growth Capital Loan shall be used to finance Xxxxxxxx’s general corporate purposes.

Appears in 1 contract

Samples: Agreement (Arrowroot Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Two Million Five Hundred Thousand Dollars ($1,000,0002,500,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum the aggregate original principal amount of Three Ten Million Dollars ($3,000,00010,000,000). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Eyenovia, Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Dollars ($1,000,0001,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Funding Date in a minimum original principal amount of Three Twenty Million Dollars ($3,000,00020,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.;

Appears in 1 contract

Samples: Loan and Security Agreement (Abeona Therapeutics Inc.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Million Dollars ($1,000,0001,000,000.00); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum original principal amount of Three Eight Million Dollars ($3,000,0008,000,000.00). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Viveon Health Acquisition Corp.)

Minimum Funding Amount; Maximum Number of Borrowing Requests. Growth Capital Loans requested by Borrower to be made on a single Business Day shall be for a minimum aggregate, original principal amount of One Five Million Dollars ($1,000,0005,000,000); provided, however, that the initial Growth Capital Loan shall be funded on the Closing Date in a minimum the aggregate original principal amount of Three Seventeen Million Five Hundred Thousand Dollars ($3,000,00017,500,000). Borrower shall not submit a Borrowing Request more frequently than once per calendar month.

Appears in 1 contract

Samples: Loan and Security Agreement (Beyond Air, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.