Common use of Minimum Amounts and Maximum Number of Tranches Clause in Contracts

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising each LIBOR Tranche shall be equal to $1,000,000 or a whole multiple of $100,000 in excess thereof. In no event shall there be more than seven LIBOR Tranches outstanding at any time.

Appears in 2 contracts

Samples: Assumption Agreement (TWP Capital Corp Ii), Credit Agreement (Transwestern Holdings Lp)

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Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Loans hereunder and all selections of LIBOR Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the LIBOR Loans comprising each LIBOR Tranche shall be equal to $1,000,000 100,000 or a whole multiple of $100,000 in excess thereof. In no event thereof and so that there shall there not be more than seven LIBOR 5 Tranches outstanding at any timeone time outstanding.

Appears in 1 contract

Samples: Credit Agreement (Dairy Mart Convenience Stores Inc)

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Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Loans the Loan hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans Loan comprising each LIBOR Tranche shall be equal to $1,000,000 1,000,000.00 or a whole multiple of $100,000 100,000.00 in excess thereof. In no event shall there be more than seven three (3) LIBOR Tranches outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Public Storage Properties LTD)

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