Common use of Ratable Loans; Types of Advances Clause in Contracts

Ratable Loans; Types of Advances. Each Committed Advance hereunder shall consist of Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment. The Committed Advances may be Floating Rate Advances or Eurodollar Committed Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.3.5 and 2.3.6. The Committed Advances shall be evidenced by the Committed Notes.

Appears in 2 contracts

Samples: Credit Agreement (Firstar Corp /Wi/), Assignment Agreement (Firstar Corp /Wi/)

AutoNDA by SimpleDocs

Ratable Loans; Types of Advances. Each Committed Advance hereunder shall consist of Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment. The Committed Advances may be Floating Rate Advances or Eurodollar Committed Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.3.5 2.8 and 2.3.62.9. The Committed Advances All Obligations shall be evidenced by rank at least pari passu with the Committed Notes7.31% Senior Notes due 2007, dated as of March 10, 1997.

Appears in 1 contract

Samples: Credit Agreement (Lone Star Industries Inc)

Ratable Loans; Types of Advances. Each Committed Advance hereunder shall consist of Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment. The Committed Advances may be Floating Rate Advances or Eurodollar Committed Advances, or a combination thereof, selected by the Borrower in accordance compliance with Sections 2.3.5 2.8 and 2.3.6. The Committed Advances shall be evidenced by the Committed Notes2.9.

Appears in 1 contract

Samples: Assignment Agreement (TBC Corp)

AutoNDA by SimpleDocs

Ratable Loans; Types of Advances. Each Committed Advance hereunder shall consist of Loans made from the several Lenders ratably in proportion to the ratio that their respective Revolving Commitments bear to the Aggregate Commitment. The Committed Advances may be Floating Rate Advances or Eurodollar Committed Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.3.5 2.8 and 2.3.62.9. The Committed Not more than fifteen Eurodollar Advances shall may be evidenced by the Committed Notesoutstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Fedex Corp)

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