Common use of Various Types of Loans Clause in Contracts

Various Types of Loans. Each Revolving Loan shall be, and each Term Loan may be divided into tranches which are, either a Base Rate Loan or a Eurodollar Loan (each a "type" of Loan), as the Funds Administrator shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; provided that not more than four (4) different Groups of Eurodollar Loans shall be outstanding at any one time. All borrowings, conversions and repayments of Revolving Loans shall be effected so that each Lender will have a pro rata share (according to its Pro Rata Share) of all types and Groups of Loans.

Appears in 2 contracts

Samples: Credit Agreement (Thane International Inc), Credit Agreement (Thane International Inc)

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Various Types of Loans. Each Revolving Loan shall be, and each Term Loan may be be, divided into tranches which are, either a Base Rate Loan or a Eurodollar Loan (each a "type" of Loan), as the Funds Administrator Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; , provided that not more than four ten (410) different Groups of Eurodollar Loans shall be outstanding at any one time. All borrowings, conversions and repayments of Revolving Loans and Term Loans shall be effected so that each Lender Bank will have a pro rata share (according to its Pro Rata Share) of all types and Groups of Loans.

Appears in 1 contract

Samples: Credit Agreement (Cabot Microelectronics Corp)

Various Types of Loans. Each Revolving Loan shall be, and each Term Loan may be be, divided into tranches which are, either a Base Rate Loan or a Eurodollar Loan (each a "type" of Loan), as the Funds Administrator Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; , provided that not more than four (4) different Groups of Eurodollar Loans shall be outstanding at any one time. All borrowings, conversions and repayments of Revolving Loans shall be effected so that each Lender Bank will have a pro rata share (according to its Pro Rata Share) of all types and Groups of Loans."

Appears in 1 contract

Samples: Credit Agreement and Waiver (Fargo Electronics Inc)

Various Types of Loans. Each Revolving Loan shall be, and each Term Loan may be divided into tranches which are, either a Base Rate Loan or a Eurodollar Loan (each a "type" of Loan), as the Funds Administrator Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; , provided that not more than four (4) five different Groups of Eurodollar Loans shall be outstanding at any one time. All borrowings, conversions and repayments of Revolving Loans shall be effected so that each Lender Bank will have a pro rata share (according to its Pro Rata Share) of all types and Groups of Loans.

Appears in 1 contract

Samples: Credit Agreement (Compudyne Corp)

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Various Types of Loans. Each Revolving Loan shall be, and each Term Loan may be divided into tranches which are, either a Base Rate Loan or a Eurodollar Loan (each a "type" of Loan), as the Funds Administrator Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; , provided that not more than four (4) ten different Groups of Eurodollar Loans shall be outstanding at any one time. All borrowings, conversions and repayments of Revolving Loans shall be effected so that each Lender will have a pro rata share (according to its Pro Rata SharePercentage) of all types and Groups of Loans.

Appears in 1 contract

Samples: Credit Agreement (Cupertino Electric Inc)

Various Types of Loans. Each Revolving Loan shall be, and each Term Loan may be divided into ---------------------- tranches which are, either a Base Rate Loan or a Eurodollar Loan (each a "type" ---- of Loan), as the Funds Administrator Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same ------------- ----- Interest Period are sometimes called a "Group" or collectively "Groups". Base ----- ------ Rate Loans and Eurodollar Loans may be outstanding at the same time; , provided -------- that not more than four (4) three different Groups of Eurodollar Loans shall be outstanding at any one time. All borrowings, conversions and repayments of Revolving Loans shall be effected so that each Lender will have a pro rata share (according to its Pro Rata Share) of all types and Groups of Loans.

Appears in 1 contract

Samples: Credit Agreement (College Television Network Inc)

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