Minimum Utilization. The State, under this Contract, shall not be held liable for any minimum utilization of the Contractor’s Consultants.
Minimum Utilization. The State or any Authorized User, under this Contract, shall not be held liable for any minimum utilization of the Contractor’s services.
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.
Minimum Utilization. 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.
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).
Minimum Utilization. The Borrower shall cause the average daily outstanding principal balance of the Advances hereunder for each Utilization Period to equal or exceed $25,000,000 (the “Minimum Utilization Requirement”). If the Minimum Utilization Requirement is not satisfied for any Utilization Period (whether by reason of the failure of the conditions to Advances hereunder to be satisfied or for any other reason whatsoever), then the Borrower shall pay to the Agent the Make-Whole Fee in accordance with the terms of the Fee Letter.
Minimum Utilization. Borrower shall at all times cause the aggregate gross value of Accounts purchased hereunder to be equal or greater than the amount set forth in the General Rates and Fees; any violation of the foregoing covenant shall cause the Financing Fees owed hereunder by Borrower to be equal to the fees that would have accrued had Borrower not violated this clause.
Minimum Utilization. Subject to the mandatory payment requirements of this Agreement, until the Maturity Date, Borrowers (i) shall maintain an outstanding principal amount of the Loans in a minimum principal amount equal to the Minimum Outstanding Amount at all times and (ii) shall not be permitted to voluntarily repay the Loans if any such payment would result in the outstanding principal amount of the Loans being less than the Minimum Outstanding Amount; provided that, notwithstanding anything herein to the contrary, Borrowers shall not at any time be deemed to be in breach of this Section 2.1(c) for failing to maintain the Minimum Outstanding Amount as a result of application of the payments to the Obligations in accordance with Sections 6.1 and 6.2 hereof; 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). Notwithstanding the foregoing sentence, however, Borrowers shall be required to repay the Loans if and to the extent such repayment is required under Section 2.5, even if such payment would result in the outstanding principal amount of Loans falling below the Minimum 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).
Minimum Utilization. (a) Borrower and the other Credit Parties shall maintain minimum utilization rates for each fiscal quarter, calculated at the end of each such quarter as the average amount during such quarter, and calculated as the number of units of Eligible Container Fleet Inventory of Borrower and the other Credit Parties which is then subject to valid, current rental or lease agreements between Borrower or a Credit Party and the renters or lessees thereof, divided by the aggregate number of units of Eligible Container Fleet Inventory of Borrower and the other Credit Parties, of not less than seventy-six percent (76%) for any fiscal quarter; and
Minimum Utilization. Subject to the provisions of Section 10.24:
