Common use of Amounts of Borrowings, etc Clause in Contracts

Amounts of Borrowings, etc. The aggregate principal amount of each Borrowing (1) of Eurodollar Loans shall be (A) in an amount sufficient to cause each Lender's share thereof to be not less than $500,000, and (B) in an integral multiple of $100,000, (2) of US Revolving Credit Loans which are ABR Loans shall be in minimum amount of $1,000,000 and shall be in an integral multiple of $100,000 (other than Borrowings of the US Funding Amount, which shall be in the amount required for the US Funding Amount), (3) of Canadian Revolving Credit Loans which are ABR Loans shall be in a minimum amount of $100,000 and shall be in an integral multiple of $50,000 (other than Borrowings of the Canadian Funding Amount, which shall be in the amount required for the Canadian Funding Amount), (4) of Canadian Prime Rate Loans shall be in a minimum amount of C$100,000 and shall be in an integral multiple of C$50,000, (5) of B/A Loans shall be in a minimum amount of C$500,000 and shall be in an integral multiple of C$100,000, and (6) of US Swingline Loans shall be in any amount. Borrowings of more than one Type shall be permitted; provided, however, that, the Borrowers shall not be entitled to request any Borrowing that, if made, would result in an aggregate of more than five separate Borrowings of Eurodollar Loans or five separate B/A Loans being outstanding at any one time. For purposes of the foregoing, Borrowings having different Interest Periods or Contract Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 2 contracts

Samples: Credit Agreement (Maverick Tube Corporation), Credit Agreement (Maverick Tube Corporation)

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Amounts of Borrowings, etc. The aggregate principal amount of each Borrowing (1) of Eurodollar LIBOR Loans shall be (A) in an amount sufficient to cause each Lender's share thereof to be not less than $500,000, and (B) in an integral multiple of $100,000, (2) of US Revolving Credit Loans which are ABR Loans shall be in minimum amount of $1,000,000 and shall be in an integral multiple of $100,000 (other than Borrowings of the US Funding Amount, which shall be in the amount required for the US Funding Amount), (3) of Canadian Revolving Credit Loans which are ABR Loans shall be in a minimum amount of not less than $100,000 and shall be in an integral multiple of $50,000 (other than Borrowings of the Canadian Funding Amount, which shall be in the amount required for the Canadian Funding Amount), (4) of Canadian Prime Rate Loans shall be in a minimum amount of not less than C$100,000 and shall be in an integral multiple of C$50,000, (5) of B/A Loans shall be in a minimum amount of not less than C$500,000 and shall be in an integral multiple of C$100,000, and (6) of US Swingline Loans shall be in any amount. Borrowings of more than one Type may be outstanding at the same time, and (7) of SOFA Loans which are ABR Loans shall be permittedin any amount; provided, however, that, the Borrowers shall not be entitled to request any Borrowing that, if made, would result in an aggregate of more than five separate Borrowings of Eurodollar LIBOR Loans or five separate B/A Loans being outstanding at any one time. For purposes of the foregoing, Borrowings having different Interest Periods or Contract Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 1 contract

Samples: Credit Agreement (Maverick Tube Corporation)

Amounts of Borrowings, etc. The aggregate principal amount of each Borrowing from all Lenders (1) of Eurodollar LIBOR Loans shall be (A) in an a minimum amount sufficient to cause each Lender's share thereof to be not less than of $500,000, 5,000,000 and (B) in an integral multiple of $100,0001,000,000, (2) of US Revolving Credit Loans which are ABR Loans shall be in a minimum amount of $1,000,000 and shall be in an integral multiple of $100,000 (other than Borrowings of the US Funding Amount, which shall be in the amount required for the US Funding Amount)100,000, (3) of Canadian Revolving Credit Loans which are ABR Loans shall be in a minimum amount of $100,000 1,000,000 and shall be in an integral multiple of $50,000 (other than Borrowings of the Canadian Funding Amount, which shall be in the amount required for the Canadian Funding Amount)100,000, (4) of Canadian Prime Rate Loans shall be in a minimum amount of C$100,000 1,000,000 and shall be in an integral multiple of C$50,000100,000, (5) of B/A Loans shall be in a minimum aggregate amount of C$500,000 5,000,000 and shall be in an integral multiple of C$100,0001,000,000, and (6) of US Swingline Loans shall be in any amount, and (7) of Canadian Swingline Loans shall be in any amount. Borrowings of more than one Type shall of Loan may be permittedoutstanding at the same time; provided, however, that, that the Borrowers shall not be entitled to request any Borrowing that, if made, would result in an aggregate of more than five ten separate Borrowings of Eurodollar LIBOR Loans (of which no more than seven separate Borrowings of LIBOR Loans may be made under the Canadian Revolving Commitment or five separate the US Revolving Commitment) or more than four B/A Loans being outstanding at any one time. For purposes of the foregoing, Borrowings having different Interest Periods or Contract Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 1 contract

Samples: Credit Agreement (Gerdau Ameristeel Corp)

Amounts of Borrowings, etc. The aggregate principal amount of each Borrowing from all Lenders (1) of Eurodollar LIBOR Loans shall be (A) in an a minimum amount sufficient to cause each Lender's share thereof to be not less than of $500,000, 5,000,000 and (B) in an integral multiple of $100,0001,000,000, (2) of US Revolving Credit Loans which are ABR Loans shall be in minimum amount of $1,000,000 and shall be in an integral multiple of $100,000 (other than Borrowings of the US Funding Amount, which shall be in the amount required for the US Funding Amount)any amount, (3) of Canadian Revolving Credit Loans which are ABR Loans shall be in a minimum amount of $100,000 1,000,000 and shall be in an integral multiple of $50,000 (other than Borrowings of the Canadian Funding Amount, which shall be in the amount required for the Canadian Funding Amount)100,000, (4) of Canadian Prime Rate Loans shall be in a minimum amount of C$100,000 and shall be in an integral multiple of C$50,000any amount, (5) of B/A Loans shall be in a minimum aggregate amount of C$500,000 5,000,000 and shall be in an integral multiple of C$100,0001,000,000, and (6) of US Swingline Loans shall be in any amount, and (7) of Canadian Swingline Loans shall be in any amount. Borrowings of more than one Type shall of Loan may be permittedoutstanding at the same time; provided, however, that, that the Borrowers shall not be entitled to request any Borrowing that, if made, would result in an aggregate of more than five ten (10) separate Borrowings of Eurodollar LIBOR Loans (of which no more than seven (7) separate Borrowings of LIBOR Loans may be made under the Canadian Revolving Commitment or five separate the US Revolving Commitment) or more than four (4) B/A Loans being outstanding at any one time. For purposes of the foregoing, Borrowings having different Interest Periods or Contract Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 1 contract

Samples: Credit Agreement (Gerdau Ameristeel Corp)

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Amounts of Borrowings, etc. The aggregate principal amount of each Borrowing from all Lenders (1) of Eurodollar LIBOR Loans shall be (A) in an a minimum amount sufficient to cause each Lender's share thereof to be not less than of $500,0005,000,000, and (B) in an integral multiple of $100,0001,000,000, (2) of US Revolving Credit Loans which are ABR Loans shall be in minimum amount of $1,000,000 and shall be in an integral multiple of $100,000 (other than Borrowings of the US Funding Amount, which shall be in the amount required for the US Funding Amount)100,000, (3) of Canadian Revolving Credit Loans which are ABR Loans shall be in a minimum amount of not less than $100,000 and shall be in an integral multiple of $50,000 (other than Borrowings of the Canadian Funding Amount, which shall be in the amount required for the Canadian Funding Amount)50,000, (4) of Canadian Prime Rate Loans shall be in a minimum amount of not less than C$100,000 and shall be in an integral multiple of C$50,000, (5) of B/A Loans shall be (A) in a minimum aggregate amount (for all Lenders) of C$500,000 5,000,000, and shall be (B) in an integral multiple of C$100,0001,000,000, and (6) of US Swingline Loans shall be in any amount, and (7) of Canadian Swingline Loans shall be in any amount. Borrowings of more than one Type shall of Loan may be permittedoutstanding at the same time; provided, however, that, that the Borrowers shall not be entitled to request any Borrowing that, if made, would result in an aggregate of more than five ten separate Borrowings of Eurodollar LIBOR Loans (of which no more than seven separate Borrowings of LIBOR Loans may be made under the Canadian Revolving Commitment or five separate the US Revolving Commitment) or more than four B/A Loans being outstanding at any one time. For purposes of the foregoing, Borrowings having different Interest Periods or Contract Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 1 contract

Samples: Credit Agreement (Gerdau Ameristeel Corp)

Amounts of Borrowings, etc. The aggregate principal amount of each Borrowing (1) of Eurodollar Loans shall be (A) in an amount sufficient to cause each Lender's share thereof to be not less than $500,000, and (B) in an integral multiple of $100,000, (2) of US Revolving Credit Loans which are ABR Loans shall be in minimum amount of $1,000,000 and shall be in an integral multiple of $100,000 (other than Borrowings of the US Funding Amount, which shall be in the amount required for the US Funding Amount), (3) of Canadian Revolving Credit Loans which are ABR Loans shall be in a minimum amount of not less than $100,000 and shall be in an integral multiple of $50,000 (other than Borrowings of the Canadian Funding Amount, which shall be in the amount required for the Canadian Funding Amount), (4) of Canadian Prime Rate Loans shall be in a minimum amount of not less than C$100,000 and shall be in an integral multiple of C$50,000, (5) of B/A Loans shall be in a minimum amount of not less than C$500,000 and shall be in an integral multiple of C$100,000, and (6) of US Swingline Loans shall be in any amount. Borrowings of more than one Type shall may be permittedoutstanding at the same time; provided, however, that, that the Borrowers shall not be entitled to request any Borrowing that, if made, would result in an aggregate of more than five separate Borrowings of Eurodollar Loans or five separate B/A Loans being outstanding at (i) any one time. For purposes of the foregoing, Borrowings having different Interest Periods or Contract Periods, regardless of whether they commence on the same date, shall be considered separate Borrowings.

Appears in 1 contract

Samples: Credit Agreement (Maverick Tube Corporation)

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