Common use of Minimum Amounts; Limitation on Number of Borrowings Clause in Contracts

Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of 6 Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Primeenergy Resources Corp), Credit Agreement (Primeenergy Corp)

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Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar LIBOR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 500,000 and not less than $1,000,000. At the time that each any ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 250,000 and not less than $1,000,000250,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Aggregate Revolving Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e2.07(d); and provided further that an ABR . At the commencement of each Interest Period for any EURIBOR Borrowing, such Borrowing may shall be in a lesser an aggregate amount such that after giving effect to such Borrowing the Loan Parties shall is an integral multiple of €500,000 and not have any Excess Cashless than €1,000,000. Borrowings of more than one Type and Class may be outstanding at the same time, ; provided that there shall not at any time be more than a total of 6 Eurodollar twelve (12) LIBOR Borrowings outstandingand EURIBOR Borrowings outstanding at any time. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period requested with respect thereto would end after the Revolving Maturity Date or any Term Loan Borrowing if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Exterran Corp), Credit Agreement (Exterran Holdings Inc.)

Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar LIBOR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 500,000 and not less than $1,000,000. At the time that each any ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 250,000 and not less than $1,000,000250,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Aggregate Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e2.07(d); and provided further that an ABR . At the commencement of each Interest Period for any EURIBOR Borrowing, such Borrowing may shall be in a lesser an aggregate amount such that after giving effect to such Borrowing the Loan Parties shall is an integral multiple of €500,000 and not have any Excess Cashless than €1,000,000. Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of 6 Eurodollar twelve (12) LIBOR Borrowings outstandingand EURIBOR Borrowings outstanding at any time. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Exterran Corp), Credit Agreement (Exterran Holdings Inc.)

Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 500,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 250,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal does not exceed (i) with respect to Working Capital Revolving Borrowings, the entire unused and available balance of the Working Capital Revolving Sub-Commitments, (ii) with respect to General Revolving Borrowings, (A) the total Commitments less total Revolving Credit Exposure, or that is (B) amounts required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type or Class may be outstanding at the same time, ; provided that there shall not at any time be more than a total of 6 fifteen (15) Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (EV Energy Partners, LP), Credit Agreement (EV Energy Partners, LP)

Minimum Amounts; Limitation on Number of Borrowings. At the --------------------------------------------------- commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,00020,000,000. At the time that each ABR Revolving Credit Borrowing or ABR Revolving Term Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 and not less than $1,000,00010,000,000; provided that an that, subject to the requirements of paragraph -------- (b) of this Section, any such ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Commitments or of the applicable Class, and any ABR Revolving Credit Borrowing may be in an aggregate amount that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e2.05(e); and provided further that an ABR Borrowing may . Each Swingline Loan shall be in a lesser an amount such that after giving effect to such Borrowing the Loan Parties shall is not have any Excess Cashless than $100,000. Borrowings of more than one Type and Class may be outstanding at the same time, ; provided that there shall not at any time be more -------- than a total of 6 10 Eurodollar Borrowings outstanding. Notwithstanding any other provision outstanding for each Class of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity DateBorrowing.

Appears in 1 contract

Samples: Credit Agreement (Global Crossing LTD)

Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar LIBOR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 500,000 and not less than $1,000,000. At the time that each any ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 250,000 and not less than $1,000,000250,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Aggregate Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e2.07(d); and provided further that an ABR . At the commencement of each Interest Period for any EURIBOR Borrowing, such Borrowing may shall be in a lesser an aggregate amount such that after giving effect to such Borrowing the Loan Parties shall is an integral multiple of €500,000 and not have any Excess Cashless than €1,000,000. Borrowings of more than one Type and Class may be outstanding at the same time, ; provided that there shall not at any time be more than a total of 6 Eurodollar twelve (12) LIBOR Borrowings outstandingand EURIBOR Borrowings outstanding at any time. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Exterran Corp)

Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000500,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 100,000 and not less than $1,000,000500,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type may be outstanding at the same time, ; provided that (i) while the Borrowing Base is less than $25,000,000, there shall not at any time be more than a total of 6 ten (10) Eurodollar Borrowings outstanding and (ii) while the Borrowing Base is equal to or greater than $25,000,000, there shall not at any time be more than a total of fifteen (15) Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Corp)

Minimum Amounts; Limitation on Number of Borrowings. At the commencement Each Eurodollar Borrowing shall be in an aggregate amount that is an integral multiple of each Interest Period for any Eurodollar Borrowing, such $1,000,000 and not less than $5,000,000. Each ABR Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of (i) 15 Eurodollar Revolving Borrowings and (ii) 6 Eurodollar Term Loan Borrowings outstandingoutstanding unless the Administrative Agent otherwise agrees. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Revolving Maturity DateDate in the case of a Revolving Loan or the 5-Year Term Maturity Date in the case of a 5-Year Term Loan or the 7-Year Term Maturity Date in the case of a 7-Year Term Loan.

Appears in 1 contract

Samples: Credit Agreement (Plains Exploration & Production Co)

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Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000500,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 100,000 and not less than $1,000,000500,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type may be outstanding at the same time, ; provided that (i) while the Borrowing Base is less than $25,000,000, there shall not at any time be more than a total of 6 ten (10) Eurodollar Borrowings outstanding and (ii) while the Borrowing Base is equal to or greater than $25,000,000, there shall not at any time be more than a total of fifteen (15) Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date or, with respect to any Tranche B Eurodollar Loan, the Tranche B Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Magnum Hunter Resources Corp)

Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Term Benchmark Borrowing, such Term Benchmark Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $1,000,000500,000 and increments of $500,000 in excess thereof. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 and not less than $1,000,000500,000 and increments of $500,000 in excess thereof; provided that that, notwithstanding the foregoing, an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments under the applicable Facility or that is required to finance the reimbursement of an LC Disbursement a Reimbursement Obligation as contemplated by Section 2.08(e2.07(f)(iii); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type may be outstanding at the same time, provided that (i) there shall not at any time be more than a total of 6 Eurodollar six (6) Term Benchmark Borrowings outstandingoutstanding and (ii) there shall be no more than an aggregate of three (3) Classes of Term Loan Facilities under this Agreement. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Applicable Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (PDC Energy, Inc.)

Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 500,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 250,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal does not exceed (i) with respect to Working Capital Revolving Borrowings, the entire unused and available balance of the Working Capital Revolving Sub-Commitments, (ii) with respect to General Revolving Borrowings, (A) the total Commitments less total Revolving Credit Exposure, or that is (B) amounts required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type or Class may be outstanding at the same time, ; provided that there shall not at any time be more than a total of 6 ten (10) Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 500,000 and not less than $1,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $10,000 250,000 and not less than $1,000,000; provided that an ABR Borrowing may be in an aggregate amount that is equal does not exceed (i) with respect to Working Capital Revolving Borrowings, the entire unused and available balance of the Working Capital Revolving Sub-Commitments, (ii) with respect to General Revolving Borrowings, (A) the total Commitments less total Revolving Credit Exposure, or that is (B) amounts required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.08(e); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type or Class may be outstanding at the same time, ; provided that there shall not at any time be more than a total of 6 Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date.ten (10)

Appears in 1 contract

Samples: Credit Agreement (EV Energy Partners, LP)

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