Common use of Minimum Loan Amount Clause in Contracts

Minimum Loan Amount. Notwithstanding anything to the contrary set forth in this Agreement or any Loan Document, if, after giving effect to any prepayment of the Debt (including in connection with a property release under Section 2.10 hereof), the outstanding principal amount of the Debt is less than the Minimum Loan Amount, Borrower shall be required to simultaneously prepay the Debt in full in accordance with Section 2.7(a) hereof.

Appears in 2 contracts

Sources: Loan Agreement (Industrial Logistics Properties Trust), Mezzanine Loan Agreement (Industrial Logistics Properties Trust)