Common use of Loan Types Clause in Contracts

Loan Types. The Revolving Loan shall consist of Base Rate Advances and/or LIBOR Rate Advances (the “Loan Types”), as duly requested by Borrower pursuant to this Agreement. LIBOR Rate Advances shall be for at least an aggregate principal amount of $500,000, and if greater, for integral multiples of $100,000 in excess thereof (or such other amount as Lender may agree in its discretion).

Appears in 2 contracts

Sources: Formation, Contribution and Investment Agreement (MSG Spinco, Inc.), Formation, Contribution and Investment Agreement (Madison Square Garden Co)