Common use of Minimum Utilization Clause in Contracts

Minimum Utilization. At all times, the Total Outstandings shall equal or exceed $20,000,000 (subject to the mandatory prepayment provisions set forth in Section 3.2(b)(i) if the Borrowing Base Amount is less than $20,000,000).

Appears in 2 contracts

Sources: Credit Agreement (CNL Retirement Properties Inc), Credit Agreement (CNL Retirement Properties Inc)

Minimum Utilization. At all times, the The Total Outstandings hereunder shall equal or exceed not be less than $20,000,000 75,000,000 (subject to the mandatory prepayment provisions set forth in Section 3.2(b)(i2.05(c)(i) if the Borrowing Base Amount is less than or equal to $20,000,00075,000,000).

Appears in 1 contract

Sources: Credit Agreement (CNL Retirement Properties Inc)