Currency Increment definition
Currency Increment as to any Approved Currency, the unit increments of such Approved Currency in which Borrowings, conversions, continuations and prepayments may be made, and Letters of Credit issued, which shall be: (a) for US Dollar denominated (i) ABR Loans (other than Swingline Loans), 500,000 or a whole multiple of 100,000 in excess thereof, (ii) Eurocurrency Loans, 5,000,000 or a whole or multiple of 1,000,000 in excess thereof, (iii) Swingline Loans, 100,000 or a whole or multiple of 50,000 in excess thereof, or (iv) Letters of Credit, 100,000 or more; (b) for Canadian Dollar denominated (i) CDOR Loans, 5,000,000 or a whole or multiple of 1,000,000 in excess thereof, or (ii) Letters of Credit, 100,000 or more; (c) for Euro and Pound denominated (i) Eurocurrency Loans, 4,000,000 or a whole or multiple of 1,000,000 in excess thereof, or (ii) Letters of Credit, 100,000 or more; and (d) for any Alternate Rate Loans and Letters of Credit denominated in other Approved Currencies, such amounts as specified by the Administrative Agent and the time of approval of such currency by the Lenders.
Currency Increment as to any Approved Currency, the unit increments of such Approved Currency in which Borrowings, conversions, continuations and prepayments may be made, and Letters of Credit issued, which shall be: (a) for US Dollar denominated (i) ABR Loans, 500,000 or a whole multiple of 100,000 in excess thereof and (ii) Eurocurrency Loans, 500,000 or a whole or multiple of 500,000 in excess thereof; (b) for Canadian Dollar denominated Eurocurrency Loans, 500,000 or a whole or multiple of 500,000 in excess thereof; (c) for Euro and Sterling denominated Eurocurrency Loans, 500,000 or a whole or multiple of 500,000 in excess thereof; and (d) for any Alternate Rate Loans denominated in other Approved Currencies, such amounts as reasonably determined by the Administrative Agent at the time of approval of such currency by the Lenders.
Currency Increment as to any Approved Currency, the unit increments of such Approved Currency in which Borrowings, conversions, continuations and prepayments may be made, and Letters of Credit issued, which shall be: (a) for US Dollar denominated (i) ABR Loans, 500,000 or a whole multiple of 100,000 in excess thereof, (ii) LIBO Loans, 5,000,000 or a whole or multiple of 1,000,000 in excess thereof, (iii) Swingline Loans, 100,000 or a whole or multiple of 50,000 in excess thereof, or (iv) Letters of Credit, 100,000 or more; (b) for Canadian Dollar denominated (i) CDOR Loans, 5,000,000 or a whole or multiple of 1,000,000 in excess thereof, (ii) Swingline Loans, 100,000 or a whole or multiple of 50,000 in excess thereof, or (iii) Letters of Credit, 100,000 or more; (c) for Euro and Pound denominated (i) LIBO Loans, 4,000,000 or a whole or multiple of 1,000,000 in excess thereof, (ii) Swingline Loans, 100,000 or a whole or multiple of 50,000 in excess thereof or (iii) Letters of Credit, 100,000 or more; and (d) for any Alternate Rate Loans and Letters of Credit denominated in other Approved Currencies, such amounts as specified by the Administrative Agent and the time of approval of such currency by the Lenders.
Examples of Currency Increment in a sentence
Partial prepayments of Loans shall be in an aggregate principal amount equal to a Currency Increment applicable to the Approved Currency of such Loan being prepaid.