Common use of Minimum Amounts and Maximum Number of Tranches Clause in Contracts

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 or a whole multiple of $500,000 in excess thereof.

Appears in 3 contracts

Samples: Credit Agreement (Cogentrix Energy Inc), Credit Agreement (Cogentrix Delaware Holdings Inc), Credit Agreement (Cogentrix Energy Inc)

AutoNDA by SimpleDocs

Minimum Amounts and Maximum Number of Tranches. All borrowings, prepayments, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Term Benchmark Tranche shall be equal to $1,000,000 10,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof. In no event shall there be more than five Term Benchmark Tranches outstanding at any time.

Appears in 3 contracts

Samples: Credit Agreement (SOUTHERN CALIFORNIA EDISON Co), Credit Agreement, Credit Agreement

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 5,000,000 or a whole higher integral multiple of $500,000 1,000,000. In no event shall there be more than ten (10) Tranches of Loans in excess thereofthe aggregate outstanding at any time.

Appears in 2 contracts

Samples: Credit Agreement (Affiliated Managers Group, Inc.), Credit Agreement (Affiliated Managers Group, Inc.)

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 3,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof. In no event shall there be more than ten Tranches outstanding at any time.

Appears in 2 contracts

Samples: Credit Agreement (Westwood One Inc /De/), Credit Agreement (Westwood One Inc /De/)

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions Conversions and continuations Continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 or a whole multiple of $500,000 250,000 in excess thereof. In no event shall there be more than four Tranches outstanding at any time.

Appears in 2 contracts

Samples: Credit Agreement (Rockefeller Center Properties Inc), Credit Agreement (Rcpi Trust /De/)

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions borrowings and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 £5,000,000 or a whole higher integral multiple of $500,000 in excess thereof£1,000,000. In no event shall there be more than ten (10) Tranches of Loans outstanding at any time.

Appears in 1 contract

Samples: Term Credit Agreement (Affiliated Managers Group, Inc.)

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 2,500,000 or a whole multiple of $500,000 100,000 in excess thereof. In no event shall there be more than 5 Tranches outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Recoton Corp)

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 5,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof. In no event shall there be more than 7 Tranches outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Adelphia Communications Corp)

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 or a whole multiple of $500,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Cogentrix Energy Inc)

AutoNDA by SimpleDocs

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 or a whole multiple of $500,000 100,000 in excess thereof. In no event shall there be more than seven Tranches outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Digital Television Services of Kansas LLC)

Minimum Amounts and Maximum Number of Tranches. All borrowings, prepayments, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Term Benchmark Tranche shall be equal to $1,000,000 10,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof.. In no event shall there be more than five Term Benchmark Tranches outstanding at any time. 28 ‌ ​

Appears in 1 contract

Samples: Credit Agreement (SOUTHERN CALIFORNIA EDISON Co)

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 500,000 or a whole multiple of $500,000 100,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Diversified Food Group Inc)

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 5,000,000 or a whole multiple of $500,000 1,000,000 in excess thereof. The Borrower shall be entitled to maintain no more than ten Tranches at any one time.

Appears in 1 contract

Samples: Credit Agreement (Phelps Dodge Corp)

Minimum Amounts and Maximum Number of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Revolving Credit Loans comprising each Tranche shall be equal to $1,000,000 500,000 or a whole multiple of $500,000 100,000 in excess thereof. In no event shall there be more than 10 Tranches outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Actava Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.