Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "Type" of Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 5 contracts
Samples: Credit Agreement (Markel Corp), Credit Agreement (Markel Corp), Credit Agreement (Pxre Group LTD)
Borrowings. (a) The Loans shall, at the option of the applicable Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "“Type" ” of Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 4 contracts
Samples: Credit Agreement (Intercontinentalexchange Inc), Credit Agreement (Platinum Underwriters Holdings LTD), Credit Agreement (Platinum Underwriters Holdings LTD)
Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "Type" of Loan), provided that (i) all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same TypeType and (ii) any Loans made on the Closing Date shall be made initially as Base Rate Loans.
Appears in 3 contracts
Samples: Credit Agreement (Orthalliance Inc), Credit Agreement (Orthalliance Inc), Agreement (Orthalliance Inc)
Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "Type" of Loan), provided that all Loans comprising the same Borrowing -------- shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 2 contracts
Samples: Credit Agreement (Markel Corp), Credit Agreement (Markel Holdings Inc)
Borrowings. (a) The Revolving Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "Type" of Loan)Loans, provided that all Revolving Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 2 contracts
Samples: Credit Agreement (Radiation Therapy Services Inc), Credit Agreement (Radiation Therapy Services Inc)
Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "“Type" ” of Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 2 contracts
Samples: Credit Agreement (Odyssey Re Holdings Corp), Credit Agreement (KMG America CORP)
Borrowings. (a) The Loans shall, at the option of the applicable Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "“Type" ” of Loan), ; provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 2 contracts
Samples: Credit Agreement (Platinum Underwriters Holdings LTD), Credit Agreement (Platinum Underwriters Holdings LTD)
Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "Type" of Loan), ; provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 2 contracts
Samples: Credit Agreement (Alleghany Corp /De), Credit Agreement (Alleghany Corp /De)
Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "“Type" ” of Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.. [Discuss LIBOR Borrowings at Closing]
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Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "Type" of Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 1 contract
Samples: Credit Agreement (Everest Reinsurance Holdings Inc)
Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either (i) Base Rate Loans or LIBOR (ii) SOFR Loans (each, a "“Type" ” of Loan), ; provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
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Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either (i) Base Rate Loans or (ii) LIBOR Loans (each, a "“Type" ” of Loan), ; provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 1 contract
Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "Type" of Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type; provided further that the foregoing proviso shall not prevent multiple Borrowings, respectively having different Types, from being made on the same Business Day, subject to the terms of clause (iii) of Section 2.10.
Appears in 1 contract
Borrowings. (a) The Loans shallshall be denominated in Dollars and, at the option of the applicable Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "“Type" ” of Loan), provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 1 contract
Samples: Credit Agreement (Allied World Assurance Co Holdings, AG)
Borrowings. (a) The Loans shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "“Type" ” of Loan), provided that all . All Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 1 contract
Borrowings. (a) The Loans shallshall be denominated in Dollars and, at the option of the applicable Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "“Type" ” of Loan), provided that (i) all Revolving Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type, and (ii) all Swingline Loans shall be Base Rate Loans.
Appears in 1 contract
Samples: Credit Agreement (Allied World Assurance Co Holdings, AG)
Borrowings. (a) The Loans shall, at the option of the Borrower Borrowers and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans (each, a "Type" of Loan), ; provided that all Loans comprising the same Borrowing shall, unless otherwise specifically provided herein, be of the same Type.
Appears in 1 contract
