Common use of Borrowing Mechanics for Loans Clause in Contracts

Borrowing Mechanics for Loans. (i) Except pursuant to Section 2.03(d), Loans that are Base Rate Loans shall be made in an aggregate minimum amount of $500,000 and integral multiples of $500,000 in excess of that amount, and Loans that are Eurodollar Rate Loans shall be in an aggregate minimum amount of $500,000 and integral multiples of $500,000 in excess of that amount.

Appears in 6 contracts

Samples: Revolving Credit and Guaranty Agreement (Blue Apron Holdings, Inc.), Revolving Credit and Guaranty Agreement (Slack Technologies, Inc.), Revolving Credit and Guaranty Agreement (Blue Apron Holdings, Inc.)

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Borrowing Mechanics for Loans. (i) Except pursuant to Section 2.03(d), Loans that are Base Rate Loans shall be made in an aggregate minimum amount of $500,000 and integral multiples of $500,000 in excess of that amount, and Loans that are Eurodollar Rate Loans shall be in an aggregate minimum amount of $500,000 and integral multiples of $500,000 in excess of that amount; provided that, in each case, Base Rate Loans and Eurodollar Rate Loans may be in an aggregate amount that is equal to the entire unused balance of the Revolving Commitments.

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Compass, Inc.)

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