Rate Designation. The Borrower shall designate each Loan as a Base Rate Loan or a LIBOR Rate Loan in the Request for Conversion/Continuation given to the Administrative Agent in accordance with Section 2.7. Each Loan shall be denominated in Dollars. Each Base Rate Loan shall be in a minimum principal amount of $500,000 and, thereafter, in integral multiples of $100,000 and each LIBOR Rate Loan shall be in a minimum principal amount of $500,000 and, thereafter, in integral multiples of $100,000.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement (Fifth Street Asset Management Inc.)