Minimum Borrowing Amount definition

Minimum Borrowing Amount means (i) for Revolving Loans, $5,000,000, and (ii) for Swingline Loans, $1,000,000.
Minimum Borrowing Amount means, with respect to any Borrowing of Loans, $500,000 (or, if less, the entire remaining Commitments at the time of such Borrowing).
Minimum Borrowing Amount means, with respect to (i) Base Rate Loans, $3,000,000, (ii) with respect to Eurocurrency Loans, $5,000,000, in the case of a Borrowing in Dollars, £2,000,000, in the case of a Borrowing in Sterling, and €5,000,000, in the case of a Borrowing in Euros and (iii) with respect to Swing Line Loans, $500,000 or the Dollar Equivalent thereof in an Alternative Currency (or such other amount as the Swing Line Lender may agree.)

Examples of Minimum Borrowing Amount in a sentence

  • Each election by the Borrower Representative of an Adjusted Base Rate Borrowing shall be in the Minimum Borrowing Amount, or any multiple thereof.

  • The aggregate principal amount of each Borrowing by the Borrower shall not be less than the Minimum Borrowing Amount.

  • Each Swingline Loan shall be in an amount not less than the applicable Minimum Borrowing Amount.

  • The aggregate principal amount of each Loan shall not be less than the Minimum Borrowing Amount.


More Definitions of Minimum Borrowing Amount

Minimum Borrowing Amount means (i) for Loans maintained as Base Rate Loans, $1,000,000, and (ii) for Loans maintained as Eurodollar Loans, $5,000,000.
Minimum Borrowing Amount means $1,000,000.
Minimum Borrowing Amount means (i) with respect to a Borrowing of LIBOR Loans, the Dollar Equivalent of $1,000,000 (or, if less, the entire remaining applicable Commitments at the time of such Borrowing) and (ii) with respect to a Borrowing of ABR Loans, the Dollar Equivalent of $1,000,000 (or, if less, the entire remaining applicable Commitments at the time of such Borrowing).
Minimum Borrowing Amount means $500,000.
Minimum Borrowing Amount means
Minimum Borrowing Amount means $250,000.
Minimum Borrowing Amount means (i) with respect to any Base Rate Loan, $1,000,000, with minimum increments thereafter of $250,000, (ii) with respect to any Eurodollar Loan, $1,000,000, with minimum increments thereafter of $250,000, and (iii) with respect to Swing Loans, $250,000, with minimum increments thereafter of $50,000.