Selection - Loans. (a) Each Loan (other than a Term-Out Loan) has one Term only. (b) The Company must select the Term for a Loan in the relevant Request. (c) Subject to the following provisions of this Clause, each Term for a Loan will be one, two, three or six months or for a period of one to thirty days duration as selected by the Company or any other period agreed by the Company and the Lenders.
Appears in 2 contracts
Sources: Credit Facility Agreement (PPL Corp), Credit Facility Agreement (PPL Corp)
Selection - Loans. (a) Each Loan (other than a Term-Out Loan) has one Term only.
(b) The Company must select the Term for a Loan in the relevant Request.
(c) Subject to the following provisions of this Clause, each Each Term for a Loan will be one or two week(s) or one, two, three or six month(s) or any other period shorter than six months or for a period of one to thirty days duration as selected agreed by the Company and the Facility Agent or any other period agreed by the Company and all the LendersLenders which have (or will have) a share in that Loan.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (MGM Resorts International)
Selection - Loans. (a) Each Loan (other than a Term-Out Loan) has one Term only.
(b) The Company must select the Term for a Loan in the relevant Request.
(c) Subject to the following provisions of this Clause, each Each Term for a Loan will be one, two, three or six months or for a any other period of one to thirty days duration as selected shorter than six months agreed by the Company and the Facility Agent or any other period agreed by the Company and all the LendersLenders which have (or will have) a share in that Loan.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (MGM Resorts International)