Borrowing Minimum definition
Borrowing Minimum means (a) in the case of Eurocurrency Loans, $1,000,000, (b) in the case of ABR Loans, $1,000,000 and (c) in the case of Swingline Loans, $500,000.
Borrowing Minimum means (a) in the case of a Borrowing denominated in US Dollars, US$5,000,000 and (b) in the case of a Borrowing denominated in any Alternative Currency, the smallest amount of such Alternative Currency that is a multiple of 1,000,000 units of such currency that has a US Dollar Equivalent of US$5,000,000 or more.
Borrowing Minimum means, in respect of Advances denominated in Dollars, $10,000,000, in respect of Advances denominated in Sterling, £10,000,000 and, in respect of Advances denominated in Euros, €10,000,000.
Examples of Borrowing Minimum in a sentence
The Borrower may at any time and from time to time prepay, without premium or penalty, the Loans on any Business Day in whole or in part in an aggregate minimum amount of the Borrowing Minimum and integral multiples of the Borrowing Multiple in excess of that amount or in each case such lesser amount as is then outstanding, by delivering a Notice of Prepayment to the Administrative Agent not later than 1:00 p.m. (New York time).
More Definitions of Borrowing Minimum
Borrowing Minimum means $1,000,000.
Borrowing Minimum means (a) in the case of a Revolving Loan Borrowing, $1,000,000 and (b) in the case of a Swingline Loan, $100,000.
Borrowing Minimum means $500,000.
Borrowing Minimum means (a) in the case of SOFR Loans, $1,000,000 and (b) in the case of ABR Loans, $1,000,000.
Borrowing Minimum means $5,000,000.
Borrowing Minimum means US$5,000,000.
Borrowing Minimum means $10,000,000.