Common use of Minimum Utilization Clause in Contracts

Minimum Utilization. Beginning on the 31st day after the date hereof, 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. Beginning on the 31st day after the date hereof, 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 (theMaven, Inc.)