Common use of Various Types of Loans Clause in Contracts

Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loan or a Eurodollar Loan (each a “type” of Loan), as the 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 (i) not more than 10 different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $3,000,000 and an integral multiple of $500,000. All borrowings, conversions and repayments of Loans shall be effected so that each Lender will have a pro rata share (according to its Percentage) of all types and Groups of Revolving Loans.

Appears in 2 contracts

Samples: Credit Agreement (Middleby Corp), Pledge Agreement (Middleby Corp)

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Various Types of Loans. Each Revolving Loan shall be either a Base Floating Rate Loan or a Eurodollar Loan (each a "type" of Loan), as the 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 Floating Rate Loans and Eurodollar Loans may be outstanding at the same time; , provided that (i) not more than 10 seven different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $3,000,000 1,000,000 and an integral multiple of $500,000100,000. All borrowings, conversions and repayments of Loans shall be effected so that each Lender Bank will have a pro rata share (according to its Percentage) of all types and Groups of Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (United Road Services Inc)

Various Types of Loans. Each Revolving Loan shall be either a Base ---------------------- Floating Rate Loan or a Eurodollar Loan (each a "type" of Loan), as the Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 2.3 or 2.2.32.4. Eurodollar Loans having the same Interest Period are ----------- --- sometimes called a "Group" or collectively "Groups". Base Floating Rate Loans and Eurodollar Loans may be outstanding at the same time; , provided that (i) not more -------- than 10 eight different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $3,000,000 1,000,000 and an integral multiple of $500,000100,000. All borrowings, conversions and repayments of Loans shall be effected so that each Lender Bank will have a pro rata share (according to its Revolving Percentage) of all types and Groups of Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Elgin National Industries Inc)

Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loan or a Eurodollar Loan (each a “type” "Type" of Loan), as the Company shall specify in the related notice of borrowing or conversion or continuation pursuant to Section 2.2.2 2.3 or 2.2.32.4. 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 (i) not more than 10 five different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $3,000,000 10,000,000 and an integral multiple of $500,0001,000,000. All borrowings, conversions conversions, continuations and repayments of Loans shall be effected so that each Lender Bank will have a pro rata share (according to its Percentage) of all types Types and Groups of Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Usa Waste Services Inc)

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Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loan or a Eurodollar Loan (each a "type" of Loan), as the 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 (i) not more than 10 eight different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $3,000,000 and an integral multiple of $500,0001,000,000. All borrowings, conversions and repayments of Loans shall be effected so that each Lender Bank will have a pro rata share (according to its Percentage) of all types and Groups of Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Regal Beloit Corp)

Various Types of Loans. Each Revolving Loan shall be either a Base Prime Rate Loan or a Eurodollar Loan (each a “type” "TYPE" of Loan), as the Company Borrower shall specify in the related notice of borrowing or conversion pursuant to Section SECTION 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a “Group” "GROUP" or collectively “Groups”"GROUPS". Base Prime Rate Loans and Eurodollar Loans may be outstanding at the same time; provided , PROVIDED that (i) not more than 10 eight different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $3,000,000 1,000,000 and an integral multiple of $500,000250,000. All borrowings, conversions and repayments of Loans shall be effected so that each Lender Bank will have a pro rata share (according to its Percentage) of all types and Groups of Revolving Loans.

Appears in 1 contract

Samples: Credit Agreement (Input Output Inc)

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