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. In no event shall there be more than 15 Tranches outstanding at any time.
Appears in 2 contracts
Samples: Credit Agreement (Cole National Corp /De/), Credit Agreement (Cole National 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 $500,000 100,000 in excess thereof. In no event shall there be more than 15 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 2,500,000 or a whole multiple of $500,000 in excess thereof. In no event shall there be more than 15 10 Tranches outstanding at any time.
Appears in 1 contract
Samples: Aps Holding Corporation
