Common use of Minimum Amount of Each Borrowing Clause in Contracts

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of Term SOFR Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 9 contracts

Sources: Amendment and Restatement Agreement (VERRA MOBILITY Corp), Term Loan Credit Agreement (Vertiv Holdings Co), First Lien Term Loan Credit Agreement (VERRA MOBILITY Corp)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any a respective Tranche shall not be less than the Minimum Borrowing AmountAmount applicable to such Tranche. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight ten (8) 10) Borrowings of Term SOFR Term Fixed Rate Loans in the aggregate for all Tranches of Term Loans.

Appears in 5 contracts

Sources: Credit and Guaranty Agreement (Ancestry.com LLC), Credit and Guaranty Agreement (Ancestry.com LLC), Credit and Guaranty Agreement (Ancestry.com LLC)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight ten (8) 10) Borrowings of Term SOFR Benchmark Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 3 contracts

Sources: Term Loan Credit Agreement (Ingram Micro Holding Corp), Term Loan Credit Agreement (Ingram Micro Holding Corp), Term Loan Credit Agreement (Ingram Micro Holding Corp)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche of a specific Type shall not be less than the Minimum Borrowing AmountAmount applicable thereto. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) ten Borrowings of Term SOFR Term Loans in (or such greater number of Borrowings of SOFR Loans as may be agreed to from time to time by the aggregate for all Tranches of Term LoansAdministrative Agent).

Appears in 1 contract

Sources: Abl Credit Agreement (CVR Energy Inc)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing AmountAmount applicable to such Loans; provided that Mandatory Borrowings shall be made in the amounts required by Section 2.01(b) or (c). More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of Term SOFR Term Loans in the aggregate for all Tranches of Term Loansaggregate.

Appears in 1 contract

Sources: Credit Agreement (Flowers Foods Inc)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche of a specific Type shall not be less than the Minimum Borrowing AmountAmount applicable thereto. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of Term SOFR Term Loans in the aggregate for all Tranches (or such greater number of Borrowings of Term LoansSOFR Loans as may be agreed to from time to time by the Administrative Agent).

Appears in 1 contract

Sources: Abl Credit Agreement (J.Jill, Inc.)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount (unless the amount available to be borrowed at the time of such Borrowing is less than the Minimum Borrowing Amount). More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) five Borrowings of Term SOFR Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 1 contract

Sources: First Lien Credit and Guarantee Agreement (Janus International Group, Inc.)