Common use of Minimum Amounts; Limitation on Number of Borrowings Clause in Contracts

Minimum Amounts; Limitation on Number of Borrowings. Each --------------------------------------------------- Revolving Borrowing (whether an ABR Borrowing or a Eurodollar Borrowing) shall be in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof; provided that an ABR Borrowing may be made in an aggregate -------- amount that is equal to the entire unused balance of the total Commitments. The Borrower may thereafter, upon irrevocable notice to the Administrative Agent in accordance with Section 2.05(b), (i) elect, as of any Business Day, in the case of ABR Loans, to convert any such ABR Loans or any part thereof, in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof, into Eurodollar Loans, and (ii) elect, as of the last day of the applicable Interest Period, to continue any Eurodollar Loans having Interest Periods expiring on such day or any part thereof in an aggregate amount of $5,000,000 or a multiple of $1,000,000 in excess thereof; provided that, if at any time the aggregate -------- amount of Eurodollar Loans in respect of any Borrowing is reduced by payment, prepayment or conversion of part thereof to be less than $5,000,000, such Eurodollar Loans shall automatically convert into ABR Loans. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not -------- at any time be more than a total of five Eurodollar Borrowings outstanding.

Appears in 3 contracts

Samples: Credit Agreement (Sierra Pacific Power Co), Credit Agreement (Nevada Power Co), Credit Agreement (Sierra Pacific Power Co)

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Minimum Amounts; Limitation on Number of Borrowings. Each --------------------------------------------------- Revolving Borrowing (whether an ABR Borrowing or a Eurodollar Borrowing) shall be in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof; , provided that an ABR Borrowing may be made in an aggregate -------- amount that is equal to the entire unused balance of the total Commitments. The Borrower may thereafter, upon irrevocable notice to the Administrative Agent in accordance with Section 2.05(b), (i) elect, as of any Business Day, in the case of ABR Loans, to convert any such ABR Loans or any part thereof, in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof, into Eurodollar Loans, and (ii) elect, as of the last day of the applicable Interest Period, to continue any Eurodollar Loans having Interest Periods expiring on such day or any part thereof in an aggregate amount of $5,000,000 or a multiple of $1,000,000 in excess thereof; provided that, if at any time the aggregate -------- amount of Eurodollar Loans in respect of any Borrowing is reduced by payment, prepayment or conversion of part thereof to be less than $5,000,000, such Eurodollar Loans shall automatically convert into ABR Loans. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not -------- at any time be more than a total of five Eurodollar Borrowings outstanding.

Appears in 2 contracts

Samples: Credit Agreement (Nevada Power Co), Credit Agreement (Sierra Pacific Power Co)

Minimum Amounts; Limitation on Number of Borrowings. Each --------------------------------------------------- Revolving Borrowing (whether an ABR Borrowing or a Eurodollar Borrowing) shall be in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof; provided that an ABR Borrowing may be made in an aggregate -------- amount that is equal to the entire unused balance of the total Commitments. The Borrower may thereafter, upon irrevocable notice to the Administrative Agent in accordance with Section 2.05(b), (i) elect, as of any Business Day, in the case of ABR Loans, to convert any such ABR Loans or any part thereof, in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof, into Eurodollar Loans, and (ii) elect, as of the last day of the applicable Interest Period, to continue any Eurodollar Loans having Interest Periods expiring on such day or any part thereof in an aggregate amount of $5,000,000 or a multiple of $1,000,000 in excess thereof; provided that, if at any time the aggregate -------- amount of Eurodollar Loans in respect of any Borrowing is reduced by payment, prepayment or conversion of part thereof to be less than $5,000,000, such Eurodollar Loans shall automatically convert into ABR Loans. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not -------- at any time be more than a total of five Eurodollar Borrowings outstanding.

Appears in 2 contracts

Samples: Credit Agreement (Sierra Pacific Resources), Credit Agreement (Sierra Pacific Resources)

Minimum Amounts; Limitation on Number of Borrowings. Each --------------------------------------------------- Revolving Borrowing (whether an ABR Borrowing or a Eurodollar Borrowing) shall be in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof; , provided that an ABR Borrowing may be made in an aggregate -------- amount that is equal to the entire unused balance of the total CommitmentsCommitments of a Facility. The Borrower may thereafter, upon irrevocable notice to the Administrative Agent in accordance with Section 2.05(b), (i) elect, as of any Business Day, in the case of ABR LoansLoans of a Facility, to convert any such ABR Loans or any part thereof, in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof, into Eurodollar Loans, and (ii) elect, as of the last day of the applicable Interest Period, to continue any Eurodollar Loans of a Facility having Interest Periods expiring on such day or any part thereof in an aggregate amount of $5,000,000 or a multiple of $1,000,000 in excess thereof; provided that, if at any time the aggregate -------- amount of Eurodollar Loans of a Facility in respect of any Borrowing is reduced by payment, prepayment or conversion of part thereof to be less than $5,000,000, such Eurodollar Loans shall automatically convert into ABR Loans. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not -------- at any time be more than a total of (x) five Eurodollar Borrowings outstandingoutstanding under the 364-Day Facility and (y) five Eurodollar Borrowings outstanding under the 3-Year Facility.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

Minimum Amounts; Limitation on Number of Borrowings. Each Revolving --------------------------------------------------- Revolving Borrowing (whether an ABR Borrowing or a Eurodollar Borrowing) shall be in an aggregate amount equal to $5,000,000 2,000,000 or a multiple of $1,000,000 in excess thereof; , provided that an ABR Borrowing may be made in an aggregate -------- amount that is equal to the entire unused balance of the total CommitmentsCommitment of the Facility. The Borrower may thereafter, upon irrevocable notice to the Administrative Agent Bank in accordance with Section 2.05(b), (i) elect, as of any Business Day, in the case of ABR Loans, to convert any such ABR Loans or any part thereof, in an aggregate amount equal to $5,000,000 2,000,000 or a multiple of $1,000,000 in excess thereof, into Eurodollar Loans, and (ii) elect, as of the last day of the applicable Interest Period, to continue any Eurodollar Loans having Interest Periods expiring on such day or any part thereof in an aggregate amount of $5,000,000 2,000,000 or a multiple of $1,000,000 in excess thereof; provided that, if at any time the aggregate -------- amount of Eurodollar Loans in respect of any Borrowing is reduced by payment, prepayment or conversion of part thereof to be less than $5,000,0002,000,000, such Eurodollar Loans shall automatically convert into ABR Loans. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not -------- at any time be more than a total of five Eurodollar Borrowings outstanding.

Appears in 1 contract

Samples: Day Credit Agreement (Sierra Pacific Power Co)

Minimum Amounts; Limitation on Number of Borrowings. Each Revolving --------------------------------------------------- Revolving Borrowing (whether an ABR Borrowing or a Eurodollar Borrowing) shall be in an aggregate amount equal to $5,000,000 2,000,000 or a multiple of $1,000,000 in excess thereof; , provided that an ABR Borrowing may be made in an aggregate -------- amount that is equal to the entire unused balance of the total CommitmentsCommitment of the Facility. The Borrower may thereafter, upon irrevocable notice to the Administrative Agent Bank in accordance with Section 2.05(b), (i) elect, as of any Business Day, in the case of ABR Loans, to convert any such ABR Loans or any part thereof, in an aggregate amount equal to $5,000,000 2,000,000 or a multiple of $1,000,000 in excess thereof, into Eurodollar Loans, and (ii) elect, as of the last day of the applicable Interest Period, to continue any Eurodollar Loans having Interest Periods expiring on such day or any part thereof in an aggregate amount of $5,000,000 2,000,000 or a multiple of $1,000,000 in excess thereof; provided that, if at any time the aggregate -------- amount of Eurodollar Loans in respect of any Borrowing is reduced by payment, prepayment or conversion of part thereof to be less than $5,000,0002,000,000, such Eurodollar Loans shall automatically convert into ABR Loans. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not -------- at any time be more than a total of five Eurodollar Borrowings outstanding.

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Power Co)

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Minimum Amounts; Limitation on Number of Borrowings. Each --------------------------------------------------- Revolving Borrowing (whether an ABR Borrowing or a Eurodollar Borrowing) shall be in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof; provided that an ABR Borrowing may be made in an aggregate -------- amount that is equal to the entire unused balance of the total Commitments. The Borrower may thereafter, upon irrevocable notice to the Administrative Agent in accordance with Section 2.05(b), (i) elect, as of any Business Day, in the case of ABR Loans, to convert any such ABR Loans or any part thereof, in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof, into Eurodollar Loans, and (ii) elect, as of the last day of the applicable Interest Period, to continue any Eurodollar Loans having Interest Periods expiring on such day or any part thereof in an aggregate amount of $5,000,000 or a multiple of $1,000,000 in excess thereof; provided that, if at any time the aggregate -------- amount of Eurodollar Loans in respect of any Borrowing is reduced by payment, prepayment or conversion of part thereof to be less than $5,000,000, such Eurodollar Loans shall automatically convert into ABR Loans. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not -------- at any time be more than a total of five Eurodollar Borrowings outstanding.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

Minimum Amounts; Limitation on Number of Borrowings. Each --------------------------------------------------- Revolving Borrowing (whether an ABR Borrowing or a Eurodollar Borrowing) shall be in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof; , provided that an ABR Borrowing may be made in an aggregate -------- amount that is equal to the entire unused balance of the total CommitmentsCommitment of the Facility. The Borrower may thereafter, upon irrevocable notice to the Administrative Agent Bank in accordance with Section 2.05(b), (i) elect, as of any Business Day, in the case of ABR Loans, to convert any such ABR Loans or any part thereof, in an aggregate amount equal to $5,000,000 or a multiple of $1,000,000 in excess thereof, into Eurodollar Loans, and (ii) elect, as of the last day of the applicable Interest Period, to continue any Eurodollar Loans having Interest Periods expiring on such day or any part thereof in an aggregate amount of $5,000,000 or a multiple of $1,000,000 in excess thereof; provided that, if at any time the aggregate -------- amount of Eurodollar Loans in respect of any Borrowing is reduced by payment, prepayment or conversion of part thereof to be less than $5,000,000, such Eurodollar Loans shall automatically convert into ABR Loans. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not -------- at any time be more than a total of five Eurodollar Borrowings outstanding.

Appears in 1 contract

Samples: Credit Agreement (Sierra Pacific Power Co)

Minimum Amounts; Limitation on Number of Borrowings. Each --------------------------------------------------- Revolving Borrowing (whether an ABR Borrowing or a Eurodollar Borrowing) shall be in an aggregate amount equal to $5,000,000 3,000,000 or a multiple of $1,000,000 in excess thereof; provided that an ABR Borrowing may be made in an aggregate -------- amount that is equal to the entire unused balance of the total Commitments. The Borrower may thereafter, upon irrevocable notice to the Administrative Agent in accordance with Section 2.05(b), (i) elect, as of any Business Day, in the case of ABR Loans, to convert any such ABR Loans or any part thereof, in an aggregate amount equal to $5,000,000 3,000,000 or a multiple of $1,000,000 in excess thereof, into Eurodollar Loans, and (ii) elect, as of the last day of the applicable Interest Period, to continue any Eurodollar Loans having Interest Periods expiring on such day or any part thereof in an aggregate amount of $5,000,000 3,000,000 or a multiple of $1,000,000 in excess thereof; provided that, if at any time the aggregate -------- amount of -------- Eurodollar Loans in respect of any Borrowing is reduced by payment, prepayment or conversion of part thereof to be less than $5,000,0003,000,000, such Eurodollar Loans shall automatically convert into ABR Loans. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not -------- at any time -------- be more than a total of five Eurodollar Borrowings outstanding.

Appears in 1 contract

Samples: Credit Agreement (Nevada Power Co)

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