Minimum Borrowing Amounts; Maximum LIBOR Loans Sample Clauses

Minimum Borrowing Amounts; Maximum LIBOR Loans. Each Borrowing of Base Rate Loans shall be in an amount not less than $1,000,000 or such greater amount which is an integral multiple of $1,000,000. Each Borrowing of LIBOR Loans advanced, continued or converted shall be in an amount equal to $5,000,000 or such greater amount which is an integral multiple of $1,000,000. Without the Administrative Agent’s consent, there shall not be more than ten (10) Borrowings of LIBOR Loans outstanding hereunder.
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Minimum Borrowing Amounts; Maximum LIBOR Loans. Each Borrowing of U.S. Base Rate Loans shall be in an amount not less than $1,000,000 or such greater amount which is an integral multiple of $100,000. Each Borrowing of CAD CDOR Loans shall be in an amount not less than CAD $5,000,000 or such greater amount which is an integral multiple of $1,000,000. Each Borrowing of U.S. Dollar-denominated LIBOR Loans advanced, continued or converted shall be in an amount equal to $5,000,000 or such greater amount which is an integral multiple of $1,000,000. Each Borrowing of Euro-denominated LIBOR Loans advanced, continued or converted shall be in an amount equal to €5,000,000 or such greater amount which is an integral multiple of €1,000,000. Without the Administrative Agent’s consent, there shall not be more than ten (10) Borrowings of LIBOR Loans outstanding hereunder and ten (10)
Sample 1
Minimum Borrowing Amounts; Maximum LIBOR Loans. 13 Section 1.6. Manner of Borrowing Loans and Designating Applicable Interest Rates 13 Section 1.7. Swing Loans 16 Section 1.8. Maturity of Loans 18 Section 1.9. Prepayments 20 Section 1.10. Default Rate 22 Section 1.11. Evidence of Indebtedness 23 Section 1.12. Funding Indemnity 23 Section 1.13. Commitment Terminations 24 Section 1.14. Substitution of Lenders 25 Section 1.15. Defaulting Lenders 25 Section 1.16. Designated Borrowers 27 SECTION 2. Fees 28 Section 2.1. Fees 28 SECTION 3. Place and Application of Payments 29 Section 3.1. Place and Application of Payments 29 SECTION 4. Guaranty 31 SECTION 5. Definitions; Interpretation 31 Section 5.1. Definitions 31 Section 5.2. Interpretation 55 Section 5.3. Change in Accounting Principles 55 Section 5.4. Letter of Credit Amounts 56 SECTION 6. Representations and Warranties 56 Section 6.1. Organization and Qualification 56 Section 6.2. Authority and Validity of Obligations 56 Section 6.3. Use of Proceeds; Margin Stock 57 Section 6.4. Financial Reports 57 Section 6.5. No Material Adverse Change 57 Section 6.6. Full Disclosure 57 Section 6.7. Governmental Authority and Licensing 58 Section 6.8. Litigation and Other Controversies 58 Section 6.9. Approvals 58 Section 6.10. Investment Company 58 Section 6.11. OFAC 58 Section 6.12. FCPA; USA Patriot Act 59 SECTION 7. Conditions Precedent 59 Section 7.1. All Credit Events 59 Section 7.2. Conditions to Effectiveness 60 SECTION 8. Covenants 61 Section 8.1. Maintenance of Business 61 Section 8.2. Maintenance of Properties 62 Section 8.3. Taxes and Assessments 62 Section 8.4. Insurance 62 Section 8.5. Financial Reports 62 Section 8.6. Inspection 64 Section 8.7. Debt 65 Section 8.8. Liens 66 Section 8.9. Mergers, Consolidations and Sales 67 Section 8.10. Compliance with Laws 68 Section 8.11. Compliance with Sanctions and the FCPA 68 Section 8.12. Use of Proceeds 69 Section 8.13. Financial Covenant 69 SECTION 9. Events of Default and Remedies. 69 Section 9.1. Events of Default 69 Section 9.2. Non-Bankruptcy Defaults 71 Section 9.3. Bankruptcy Defaults 72 Section 9.4. Collateral for Undrawn Letters of Credit 72 SECTION 10. Change in Circumstances 73 Section 10.1. Change of Law 73 Section 10.2. Inability to Determine Rates 73 Section 10.3. Increased Cost and Reduced Return 80 Section 10.4. Lending Offices 82
Sample 1
Minimum Borrowing Amounts; Maximum LIBOR Loans. Each Borrowing of U.S. Base Rate Loans shall be in an amount not less than $1,000,000 or such greater amount which is an integral multiple of $100,000. Each Borrowing of CAD CDOR Loans shall be in an amount not less than CAD $5,000,000 or such greater amount which is an integral multiple of $1,000,000. Each Borrowing of LIBOR Loans advanced, continued or converted shall be in an amount equal to $5,000,000 or such greater amount which is an integral multiple of $1,000,000. Each Borrowing of EURIBOR Loans advanced, continued or converted shall be in an amount equal to €5,000,000 or such greater amount which is an integral multiple of €1,000,000. Without the Administrative Agent’s consent, there shall not be more than twelve (12) Borrowings, in the aggregate, of LIBOR Loans, EURIBOR Loans or CAD CDOR Loans outstanding hereunder.
Sample 1
Minimum Borrowing Amounts; Maximum LIBOR Loans. 84 Section 1.6. Manner of Borrowing Loans and Designating Applicable Interest Rates 84 Section 1.7. [Reserved]. 106 Section 1.8. Repayment of Loans 106 Section 1.9. Prepayments 107 Section 1.10. Default Rate 117 Section 1.11. Evidence of Indebtedness 118 Section 1.12. Funding Indemnity 128 Section 1.13. Commitment Terminations 139 Section 1.14. Substitution of Lenders 139 Section 1.15. Defaulting Lenders 1410 SECTION 2. FEES. 1410 Section 2.1. Fees 1410
Sample 1

Related to Minimum Borrowing Amounts; Maximum LIBOR Loans

  • Minimum Borrowing Amounts; Maximum Eurodollar Loans Each Borrowing of Base Rate Loans advanced under the applicable Facility shall be in an amount not less than $1.0 million or such greater amount that is an integral multiple of $1.0 million. Each Borrowing of Eurodollar Loans advanced, continued or converted under the applicable Facility shall be in an amount equal to $1.0 million or such greater amount that is an integral multiple of $1.0 million. Without the Administrative Agent’s consent, there shall not be more than fifteen (15) Borrowings of Eurodollar Loans outstanding at any one time.

  • Minimum Borrowing Amounts Each Borrowing of Base Rate Loans and Eurodollar Loans shall be in an amount not less than (i) if such Borrowing is comprised of a Borrowing of Base Rate Loans, $1,000,000 and integral multiples of $500,000 in excess thereof, and (ii) if such Borrowing is comprised of a Borrowing of Eurodollar Loans, $2,000,000 and integral multiples of $1,000,000 in excess thereof.

  • Minimum Borrowing Amount The aggregate principal amount of each Borrowing by the Borrower shall not be less than the Minimum Borrowing Amount.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.

  • ABR Loans The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate.

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