Types of Loans and Minimum Borrowing Amounts Sample Clauses

Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Loans shall be in an amount of not less than $2,000,000 and in an integral multiple of $100,000 in excess thereof.
AutoNDA by SimpleDocs
Types of Loans and Minimum Borrowing Amounts. Borrowings may be outstanding as either Base Rate Loans or Adjusted LIBOR Loans, as selected by the Borrower pursuant to Section 2.3; provided, however, that any Borrowing funded in any Alternative Currency may only be outstanding as Adjusted LIBOR Loans. Each Borrowing of Base Rate Loans shall be in Dollars and shall be in an amount of not less than $1,000,000; each Borrowing of Adjusted LIBOR Loans shall be in an amount of not less than the Dollar Equivalent of $5,000,000 and in an integral multiple of the Borrowing Multiple.
Types of Loans and Minimum Borrowing Amounts. Borrowings of Revolving Loans may be outstanding as either Base Rate Loans or LIBOR Loans, as selected by the Borrower pursuant to Section 2.4. Borrowings of Agent Loans may be outstanding only as Base Rate Loans. All Borrowings of LIBOR Loans advanced on the Initial Borrowing Date shall be advanced as Base Rate Loans unless the requisite notice for a LIBOR Loan has been given pursuant to Section 2.4(a) and indemnification has been provided to the Lenders in connection therewith. Each Borrowing of Base Rate Loans shall be in an amount of not less than $250,000 and each Borrowing of LIBOR Loans shall be in an amount of not less than $500,000.
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower pursuant to Section 2.4. All Borrowings advanced on the Initial Borrowing Date shall be advanced as Base Rate Loans unless the requisite notice for a Eurodollar Loan has been given pursuant to Section 2.4(a) and indemnification is given by the Borrower to the Agent and the Lenders satisfactory to the Agent and the Lenders for any breakage fees incurred. Each Borrowing of Base Rate Loans and Eurodollar Loans shall be in an amount of not less than $1,000,000.
Types of Loans and Minimum Borrowing Amounts. .. 11 Section 2.3.
Types of Loans and Minimum Borrowing Amounts. Borrowings of -------------------------------------------- Loans may be outstanding as either Base Rate Loans or Eurocurrency Loans, as selected by the Borrower pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be in an amount not less than $5,000,000, or any larger amount that is an integral multiple of $1,000,000. Each Borrowing of Eurocurrency Loans denominated in U.S. Dollars shall be in a minimum amount of $5,000,000 or such greater amount which is an integral multiple of $1,000,000. Each Borrowing of Eurocurrency Loans denominated in an Optional Currency shall be in a minimum amount for which the U.S. Dollar Equivalent is $10,000,000 or such greater amount which is an integral multiple of 1,000,000 units of the relevant currency or, solely in the case of a Eurocurrency Loan denominated in an Optional Currency being continued in the same currency, if less, the same amount of such currency.
Types of Loans and Minimum Borrowing Amounts. Borrowings of -------------------------------------------- Revolving Loans may be outstanding as either Base Rate Loans or LIBOR Loans, as selected by the Borrower pursuant to Section 2.4. Borrowings of Swing Line Loans may be outstanding only as Base Rate Loans. All Borrowings of LIBOR Loans advanced on the Initial Borrowing Date shall be advanced as Base Rate Loans unless a notice for a requested LIBOR Loan has been given pursuant to Section 2.4(a) by 11:00 a.m. at least three (3) Business Days before the Initial Borrowing Date and indemnification has been provided to the Lenders in connection therewith in the event the Initial Borrowing Date does not occur on the date requested. Each Borrowing of Base Rate Loans (other than Swing Line Loans) shall be in an amount of not less than $1,000,000, or a greater integral multiple of $500,000. Each Borrowing of LIBOR Loans shall be in an amount of not less than $5,000,000, or a greater integral multiple of $1,000,000. Each Borrowing of a Swing Line Loan shall be in an amount of not less than $10,000, or a greater integral multiple of $10,000.
AutoNDA by SimpleDocs
Types of Loans and Minimum Borrowing Amounts. Borrowings of Revolving Loans may be outstanding as either Base Rate Loans or LIBOR Loans, as selected by the Borrower pursuant to Section 2.4. Borrowings of Agent Loans may be outstanding only as Base Rate Loans. All Borrowings of LIBOR Loans advanced on the Initial Borrowing Date shall be advanced as Base Rate Loans unless a notice for a requested LIBOR Loan has been given pursuant to Section 2.4(a) by 11:00 a.m. at least two (2) Business Days before the Initial Borrowing Date and indemnification has been provided to the Lenders in connection therewith in the event the Initial Borrowing Date does not occur on the date requested. Each Borrowing of Base Rate Loans shall be in an amount of not less than $250,000 and each Borrowing of LIBOR Loans shall be in an amount of not less than $500,000.
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower pursuant to Section 2.5. All Borrowings advanced on the Initial Borrowing Date shall be advanced in Dollars as Base Rate Loans. Each Borrowing of Base Rate Loans shall be in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Loans shall be in an amount of not less than $5,000,000, unless such Borrowing is in a lesser amount as a result of such Borrowing being the final Borrowing under the Tranche A Credit or the Construction Credit.
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or LIBOR Loans, as selected by the Borrower pursuant to Section 2.4. All Borrowings advanced on the Initial Borrowing Date shall be advanced as Base Rate Loans unless the requisite notice for a LIBOR Loan has been given pursuant to Section 2.4(a). Each Borrowing of Base Rate Loans shall be in an amount of not less than $100,000 and each Borrowing of LIBOR Loans shall be in an amount of not less than $500,000.
Time is Money Join Law Insider Premium to draft better contracts faster.