Common use of Minimum Amount of Each Borrowing; Maximum Number of Borrowings Clause in Contracts

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Term Loans or Revolving Credit Loans shall be in a multiple of $500,000 (or, in the case of a Borrowing of Revolving Credit Loans on the Closing Date, $100,000), and Swingline Loans shall be in a multiple of $100,000, and, in each case, shall not be less than the Minimum Borrowing Amount with respect for such Type of Loans (except that that Mandatory Borrowings shall be made in the amounts required by Section 2.1(d) and Revolving Credit Loans to reimburse the Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be Incurred on any date; provided that at no time shall there be outstanding more than twelve (12) Eurodollar Borrowings under this Agreement (which number of Eurodollar Borrowings may be increased or adjusted by agreement between the Borrower and the Administrative Agent in connection with any Incremental Facility or Extended Loans/Commitments). For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 5 contracts

Samples: Credit Agreement (Snap One Holdings Corp.), Junior Priority Intercreditor Agreement (Snap One Holdings Corp.), Incremental Agreement (Snap One Holdings Corp.)

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Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Term Loans or Revolving Credit Loans shall be in a multiple of $500,000 (or, in the case of a Borrowing of Revolving Credit Loans on the Closing Date, $100,000), ) and Swingline Loans shall be in a multiple of $100,000, 100,000 and, in each case, shall not be less than the Minimum Borrowing Amount with respect for such Type of Loans (except that that the Mandatory Borrowings shall be made in the amounts required by Section 2.1(d) and Revolving Credit Loans to reimburse the any Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be Incurred on any date; provided that at no time shall there be outstanding more than twelve fifteen (1215) Eurodollar Borrowings under this Agreement (which number of Eurodollar Borrowings may be increased or adjusted by agreement between the Borrower and the Administrative Agent in connection with any Incremental Facility or Extended Loans/Commitments). For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 3 contracts

Samples: Incremental Agreement (Grocery Outlet Holding Corp.), Incremental Agreement (Grocery Outlet Holding Corp.), First Lien Credit Agreement (Grocery Outlet Holding Corp.)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Term Loans or Revolving Credit Loans shall be be, unless otherwise agreed by the Administrative Agent, in a multiple of $500,000 (or, in the case of a Borrowing of Revolving Credit Loans on the Closing Datedenominated in an Alternative Currency, $100,000)€500,000, CAN$500,000, £500,000, A$500,000 or, with respect to any other Alternative Currency, a like amount, in each case, as applicable) and Swingline Loans shall be in a multiple of $100,000, unless otherwise agreed by the Administrative Agent, and, in each case, shall not be less than the Minimum Borrowing Amount with respect for such Type of Loans (except that that Mandatory Borrowings shall be made in the amounts required by Section 2.1(d) and Revolving Credit Loans to reimburse the any Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be Incurred on any date; provided that at no time shall there be outstanding more than twelve fifteen (1215) Eurodollar Fixed Rate Borrowings under this Agreement (which number of Eurodollar Fixed Rate Borrowings may be increased or adjusted by agreement between the Borrower and the Administrative Agent in connection with any Incremental Facility or Extended Loans/Commitments). For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 2 contracts

Samples: Credit Agreement (MultiPlan Corp), Security Agreement (MultiPlan Corp)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The minimum aggregate principal amount of each a Borrowing of Term Loans consisting of Reserve Adjusted Eurodollar Loans or Revolving Credit Base Rate Loans shall be the Minimum Borrowing Amount and, if greater, shall be in a multiple integral multiples of $500,000 (or100,000; provided, in however, that the case Banks' Term Loan Commitments shall terminate, on a pro rata basis, with respect to any portion of the Total Term Loan Commitments not utilized by the Borrower on the Closing Date. The minimum aggregate principal amount of a Borrowing of Revolving Credit Loans on the Closing Date, $100,000), and Swingline consisting of Reserve Adjusted Eurodollar Loans or Base Rate Loans shall be in a multiple of $100,000, and, in each case, shall not be less than the Minimum Borrowing Amount with respect for (other than a Borrowing of Base Rate Loans such Type that the total amount of Revolving Loans (except that that Mandatory Borrowings and Letters of Credit Usage to be outstanding after giving effect to such Borrowing shall be made in equal to the amounts required by Section 2.1(dTotal Revolving Commitment) and Revolving Credit Loans to reimburse the Letter of Credit Issuer with respect to any Unpaid Drawing and, if greater, shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable)integral multiples of $100,000. More than one Borrowing may be Incurred incurred on any date; provided that at no time shall there be outstanding more than twelve (12) 6 Borrowings of Reserve Adjusted Eurodollar Borrowings under this Agreement (which number of Eurodollar Borrowings may be increased or adjusted by agreement between the Borrower and the Administrative Agent in connection with any Incremental Facility or Extended Loans/Commitments). For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 2 contracts

Samples: Securities Pledge Agreement (Carson Inc), Securities Pledge Agreement (Carson Inc)

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Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Term Loans or Revolving Credit Loans shall be in a multiple of $500,000 (or, in the case of a Borrowing of Revolving Credit Loans on the Closing Date, $100,000), ) and Swingline Loans shall be in a multiple of $100,000, 100,000 and, in each case, shall not be less than the Minimum Borrowing Amount with respect for such Type of Loans (except that that the Mandatory Borrowings shall be made in the amounts required by Section 2.1(d) and Revolving Credit Loans to reimburse the any Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be Incurred on any date; provided that at no time shall there be outstanding more than twelve eight (12) Eurodollar 8) Term SOFR Borrowings under this Agreement (which number of Eurodollar Term SOFR Borrowings may be increased or adjusted by agreement between the Borrower and the Administrative Agent in connection with any Incremental Facility or Extended Loans/Commitments). For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 1 contract

Samples: Credit Agreement (Grocery Outlet Holding Corp.)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Term Loans or Revolving Credit Loans shall be in a multiple of $500,000 (or, in the case of a Borrowing of Revolving Credit Loans on the Closing Date, $100,000), and Swingline Loans shall be in a multiple of $100,000500,000, and, in each case, shall not be less than the Minimum Borrowing Amount with respect for such Type of Loans (except that that Mandatory Borrowings shall be made in the amounts required by Section 2.1(d) and Revolving Credit Loans to reimburse the Letter of Credit Issuer any Issuing Lender with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable); provided that the Designated Acquisition Swingline Lender may request, on behalf of the Borrower, borrowings under the Revolving Credit Commitments that are ABR Loans in other amounts pursuant to Section 2.19. More than one Borrowing may be Incurred on any date; provided that at no time shall there be outstanding more than twelve ten (1210) Eurodollar Term SOFR Borrowings under this Agreement of Term Loans and Revolving Credit Loans (which number of Eurodollar Term SOFR Borrowings may be increased or adjusted by agreement between the Borrower and the Administrative Agent in connection with any Incremental Facility or Extended Loans/Commitments). For purposes of the foregoing, Borrowings having different Interest Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 1 contract

Samples: And Restatement Agreement (Baldwin Insurance Group, Inc.)

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