Common use of Minimum Utilization Clause in Contracts

Minimum Utilization. Borrower shall at all times utilize at least 20% of the Maximum Line Amount. The Financing Fees otherwise set forth herein shall be adjusted to reflect such minimum utilization.

Appears in 2 contracts

Sources: Financing and Security Agreement (Vado Corp.), Financing and Security Agreement (Vado Corp.)

Minimum Utilization. Borrower shall at all times utilize at least 2010% of the Maximum Line Amount. The Financing Fees otherwise set forth herein shall be adjusted to reflect such minimum utilization.

Appears in 1 contract

Sources: Financing and Security Agreement (Arena Group Holdings, Inc.)