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 applicable Borrower 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 ten different Groups of Eurodollar Loans shall be outstanding at any one time. All borrowings, conversions and repayments of Loans in each Facility shall be effected so that each Lender holding Loans in such Facility will have a pro rata share (according to its applicable Percentage) of all types and Groups of Loans constituting such Facility. Each Revolving Loan and Term Loan shall be a Base Rate Loan on the Closing Date.

Appears in 1 contract

Samples: Confirmation Credit Agreement (Tokheim Corp)

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Various Types of Loans. Each Revolving Loan shall bebe either a Base Rate Loan or a Eurodollar Loan, and each Term Loan may be divided into one or more tranches which are, are either a Base Rate Loan Loans or a Eurodollar Loan (each a "type" of Loan)Loans, as the applicable Borrower 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 ten 18 different Groups of Eurodollar Loans shall be outstanding at any one timetime and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be $1,000,000 or a higher integral multiple of $100,000. All borrowings, conversions and repayments of Loans in each Facility shall be effected so that each Revolving Lender holding Loans in such Facility will have a pro rata share (according to its applicable Revolving Percentage) of all types Types and Groups of Revolving Loans, and all borrowings, conversions and repayments of Term Loans constituting such Facility. Each Revolving Loan and Term Loan shall be effected so that each Term Lender will have a Base Rate Loan on the Closing Datepro rata share (according to its Term Percentage) of all Types and Groups of tranches of Term Loans.

Appears in 1 contract

Samples: Credit Agreement (American Italian Pasta Co)

Various Types of Loans. Each Revolving Loan shall be, and each Term Loan may shall be divided into tranches which are, that are either a Base Rate Loan or a Eurodollar Loan (each a "type" of Loan), as the applicable Borrower 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 ten eight different Groups of Eurodollar Loans shall be outstanding at any one time. All borrowings, conversions and repayments of Loans in each Facility shall be effected so that (i) each Revolving Lender holding Loans in such Facility will have a pro rata share (according to its applicable Revolving Percentage) of all types and Groups of Revolving Loans constituting such Facility. Each Revolving Loan and (ii) each Term Loan shall be Lender will have a Base Rate Loan on the Closing Datepro rata share (according to its Term Percentage) of all types and Groups of Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Patriot National, 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 applicable Borrower 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 ten 10 different Groups of Eurodollar Loans shall be outstanding at any one timetime and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $1,000,000 and an integral multiple of $500,000. All borrowings, conversions and repayments of Loans in each Facility shall be effected so that each Revolving Lender holding Loans in such Facility will have a pro rata share (according to its applicable Revolving Percentage) of all types and Groups of Revolving Loans constituting such Facility. Each Revolving Loan and each Term Loan shall be Lender will have a Base Rate Loan on pro rata share (according to its Term Percentage) of all types and Groups of tranches of the Closing DateTerm Loans.

Appears in 1 contract

Samples: Credit Agreement (Middleby Corp)

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 applicable Borrower Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.2or 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 ten six different Groups of Eurodollar Loans shall be outstanding at any one timetime and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $1,000,000 and an integral multiple of $500,000. All borrowings, conversions and repayments of Loans in each Facility shall be effected so that each Revolving Lender holding Loans in such Facility will have a pro rata share (according to its applicable Revolving Percentage) of all types and Groups of Revolving Loans, each Term A Lender will have a pro rata share (according to its Term A Percentage) of all types and Groups of tranches of the Term A Loans constituting such Facilityand each Term B Lender will have a pro rata share (according to its Term B Percentage) of all types and Groups of tranches of the Term B Loans. Each Revolving Loan and Term Loan shall be a Base Rate Loan on the Closing Date.2.2.2

Appears in 1 contract

Samples: Credit Agreement (Middleby Corp)

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Various Types of Loans. Each Revolving Loan shall bebe either a Base Rate Loan or a Eurocurrency Loan, and each Term Loan may be divided into one or more tranches which are, are either a Base Rate Loan Loans or a Eurodollar Loan (each a "type" of Loan)Loans, as the applicable Borrower Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 Section2.2.2 or 2.2.3. Eurodollar Eurocurrency Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Eurocurrency Loans may be outstanding at the same time, ; provided that (i) not more than ten 18 different Groups of Eurodollar Eurocurrency Loans shall be outstanding at any one timetime and (ii) the aggregate principal amount of each Group of Eurocurrency Loans shall at all times be a Dollar Equivalent of at least $1,000,000 and an integral multiple of 100,000 units of the applicable currency. All borrowings, conversions and repayments of Loans in each Facility shall be effected so that each Revolving Lender holding Loans in such Facility will have a pro rata share (according to its applicable Revolving Percentage) of all types Types and Groups of Revolving Loans, and all borrowings, conversions and repayments of Term Loans constituting such Facility. Each Revolving Loan and Term Loan shall be effected so that each Term Lender will have a Base Rate Loan on the Closing Datepro rata share (according to its Term Percentage) of all Types and Groups of tranches of Term Loans.

Appears in 1 contract

Samples: Credit Agreement (American Italian Pasta Co)

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 applicable Borrower 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 ten six different Groups of Eurodollar Loans shall be outstanding at any one timetime and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $1,000,000 and an integral multiple of $500,000. All borrowings, conversions and repayments of Loans in each Facility shall be effected so that each Revolving Lender holding Loans in such Facility will have a pro rata share (according to its applicable Revolving Percentage) of all types and Groups of Revolving Loans, each Term A Lender will have a pro rata share (according to its Term A Percentage) of all types and Groups of tranches of the Term A Loans constituting such Facilityand each Term B Lender will have a pro rata share (according to its Term B Percentage) of all types and Groups of tranches of Term B Loans. Each Revolving Loan and Term Loan shall be a Base Rate Loan on the Closing Date.2.2.2

Appears in 1 contract

Samples: Credit Agreement (Middleby Corp)

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