Minimum Amounts of Tranches. All borrowings, conversions and continuations of Revolving Credit 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, (a) the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $2,000,000 or a whole multiple of $100,000 in excess thereof, and (b) the number of Tranches then outstanding shall not exceed eight.
Appears in 5 contracts
Samples: Credit Agreement, Credit Agreement (Moray Pipeline Co LLC), Credit Agreement (El Paso Energy Partners Lp)
Minimum Amounts of Tranches. All borrowings, conversions and --------------------------- continuations of Revolving Credit 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, (a) the aggregate principal amount of the Revolving Credit Loans comprising each Tranche (except Loans made pursuant to Section 2.3(c)) shall be equal to $2,000,000 1,000,000 or a whole multiple of $100,000 in excess thereofthereof and, and (b) the number of Tranches then outstanding in any case, there shall not exceed eightbe more than 12 Tranches.
Appears in 2 contracts
Samples: Credit Agreement (Entravision Communications Corp), Credit Agreement (Entravision Communications Corp)
Minimum Amounts of Tranches. All borrowings, conversions and continuations of Revolving Credit 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, (a) the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $2,000,000 5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof, and (b) the number of . There shall be no more than seven Tranches then outstanding shall not exceed eightat any one time.
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