Minimum Revolving Outstanding Amount. During the Minimum Revolver Period, Borrowers shall maintain an Outstanding Amount of Revolving Loans in a minimum principal amount equal to the Minimum Revolving Outstanding Amount at all times. During the Minimum Revolver Period, Borrowers shall not be permitted to voluntarily prepay the Revolving Loans if any such prepayment would result in the Outstanding Amount of the Revolving Loans being less than the Minimum Revolving Outstanding Amount. Notwithstanding the foregoing two sentences, however, Borrower shall be required to repay the Revolving Loans if and to the extent such repayment is required under Section 2.5, even if such prepayment would result in the Outstanding Amount of Revolving Loans falling below the Minimum Revolving Outstanding Amount; provided that Borrowers shall re-borrow an amount sufficient to comply with this Section 2.1(c) as soon as they may do so pursuant to Section 2.1(a).
Appears in 4 contracts
Samples: Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.), Loan and Security Agreement (Rubicon Technologies, Inc.)
