Minimum Loan Clause Samples
The Minimum Loan clause sets a lower limit on the amount that can be borrowed in a single loan transaction under an agreement. Typically, this means that any request for a loan or drawdown must meet or exceed a specified minimum amount, such as $100,000 or another agreed threshold. This clause helps streamline administrative processes by preventing numerous small loan requests, thereby reducing operational burdens and ensuring efficiency for both the lender and the borrower.
Minimum Loan. The aggregate principal amount of the Loans made on any Closing Date shall be not less than the "Minimum Loan Amount" stated in the Schedule 1 document
Minimum Loan. The aggregate principal amount of the Loans made on any Closing Date shall be not less than $1,000,000.
Minimum Loan. A loan to a Member may not be for an amount less than $1,000.00.
Minimum Loan. The minimum amount for any loan is $500.
Minimum Loan. The aggregate amount of the Loan made by the Lenders at the First Closing shall be at least $1,000,000.
Minimum Loan. 20 8.4 Payments . . . . . . . . . . . . . . . . . . . . . . . . . . 20 8.5 Excess Proceeds. . . . . . . . . . . . . . . . . . . . . . . 21