Common use of Number and Amount of LIBOR Loans; Determination of Rate Clause in Contracts

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,000, or an increment of $1,000,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by Borrower, Agent shall promptly notify Borrower thereof by telephone or electronically and, if requested by Borrower, shall confirm any telephonic notice in writing.

Appears in 8 contracts

Samples: Loan and Security Agreement (Ak Steel Holding Corp), Loan and Security Agreement (Ak Steel Holding Corp), Loan and Security Agreement (Ak Steel Holding Corp)

AutoNDA by SimpleDocs

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 eight (8) Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 100,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 2 contracts

Samples: Credit Agreement (Covenant Transportation Group Inc), Credit Agreement (Covenant Transportation Group Inc)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 ten (10) Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 2 contracts

Samples: Loan and Security Agreement (Movado Group Inc), Loan and Security Agreement (Movado Group Inc)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of eight (8) aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,00010,000,000, or an increment of $1,000,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof in writing, by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 2 contracts

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of ten aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,000, 10,000,000 or an increment of $1,000,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Agent thereof in writing, by telephone or electronically and, if requested by BorrowerBorrower Agent, shall confirm any telephonic notice in writing.

Appears in 2 contracts

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.), Credit Agreement (Calumet Specialty Products Partners, L.P.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 five (5) Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 2 contracts

Samples: Loan and Security Agreement (Alon USA Energy, Inc.), Loan and Security Agreement (Alon USA Energy, Inc.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 5 Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 100,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hypercom Corp), Loan and Security Agreement (Hypercom Corp)

Number and Amount of LIBOR Loans; Determination of Rate. For ease Each Borrowing of administrationLIBOR Loans when made shall be in a minimum amount of U.S.$10,000,000, plus any increment of U.S.$1,000,000 in excess thereof. No more than six (6) Borrowings of LIBOR Loans may be outstanding at any time, and all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, together and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of LIBOR Loans may be outstanding at any time, and each considered one Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,000, or an increment of $1,000,000 in excess thereoffor this purpose. Upon determining LIBOR for any Interest Period requested by Borrowerthe Borrowers, the Administrative Agent shall promptly notify Borrower the Borrowers thereof by telephone or electronically and, if requested by Borrowersuch Borrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Term Loan Agreement (United Natural Foods Inc)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of 4 aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 500,000 in excess thereof. Upon determining Adjusted LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Modtech Holdings Inc)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of eight (8) aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,00010,000,000, or an increment of $1,000,000 in excess thereof. Upon determining Adjusted LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof in writing, by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of eight aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 100,000 in excess thereof. Upon determining Adjusted LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (EMAK Worldwide, Inc.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 eight (8) Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,000, or an increment of $1,000,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (United Maritime Group, LLC)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans and all LIBOR Term Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 eight (8) Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,0002,500,000, or an increment of $1,000,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Nautilus, Inc.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of ten aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,000, 1,000,000 or an increment of $1,000,000 500,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Agent thereof in writing, by telephone or electronically and, if requested by BorrowerBorrower Agent, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 seven Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 100,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by Borrower, Agent shall promptly notify Borrower thereof by telephone or electronically and, if requested by Borrower, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Hines Horticulture Inc)

AutoNDA by SimpleDocs

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of eight (8) aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,00010,000,000, or an increment of $1,000,000 in excess thereof. Upon determining Adjusted LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof in writing, by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans of the same Type having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among the Lenders on a Pro Rata basis. No more than 10 six Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made made, continued or converted shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 100,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by Borrowerthe Borrowers, the Agent shall promptly notify the Administrative Borrower thereof by telephone or electronically and, if requested by the Administrative Borrower, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Abl Credit Agreement (Target Hospitality Corp.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata pro rata basis. No more than 10 Borrowings of six (6) aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 500,000 in excess thereof. Upon determining the LIBOR for any Interest Period requested by Borrowerthe Borrowers, Agent shall promptly notify Borrower the Borrowers thereof by telephone telephone, facsimile or electronically electronic mail and, if requested by Borrowerthe Borrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Telx Group, Inc.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of eight aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 250,000 in excess thereof. Upon determining the LIBOR Lending Rate for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Administrative Borrower thereof by telephone or electronically and, if requested by Administrative Borrower, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (YRC Worldwide Inc.)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of four (4) aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 in excess thereof. Upon determining Adjusted LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically (e-mail transmission shall be sufficient notice) and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writingwriting or by facsimile.

Appears in 1 contract

Samples: Loan and Security Agreement (Global Crossing LTD)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 four (4) Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,0002,000,000, or an increment of $1,000,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Agent thereof by telephone or electronically and, if requested by BorrowerBorrower Agent, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Arctic Cat Inc)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings shall be allocated among Lenders on a Pro Rata basis. No more than 10 six Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,0002,000,000, or an increment of $1,000,000 500,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by Borrower, Agent shall promptly notify Borrower thereof by telephone or electronically and, if requested by Borrower, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Merix Corp)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of seven (7) aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,0001,000,000, or an increment of $1,000,000 500,000 in excess thereof. Upon determining Adjusted LIBOR for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Borrower Borrowers thereof by telephone or electronically and, if requested by BorrowerBorrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Chromcraft Revington Inc)

Number and Amount of LIBOR Loans; Determination of Rate. For ease of administration, all LIBOR Revolver Revolving Loans having the same length and beginning date of their Interest Periods shall be aggregated together, and such Borrowings Loans shall be allocated among Lenders on a Pro Rata basis. No more than 10 Borrowings of seven (7) aggregated LIBOR Loans may be outstanding at any time, and each Borrowing of aggregate LIBOR Loans Loan when made made, continued or converted shall be in a minimum amount of $5,000,0002,000,000, or an increment of $1,000,000 in excess thereof. Upon determining the LIBOR Lending Rate for any Interest Period requested by BorrowerBorrowers, Agent shall promptly notify Administrative Borrower thereof by telephone or electronically and, if requested by Administrative Borrower, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Hudson Highland Group Inc)

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