Advance Options. The Revolving Loans and the Term Loans shall consist of Eurodollar Advances and Federal Funds Rate Advances, as shall be selected by the Borrower, except as otherwise provided herein. The Swing Line Loans shall be Federal Funds Rate Advances, and may not be converted into Eurodollar Advances. Any combination of types of Advances may be outstanding at the same time, except that the total number of outstanding Eurodollar Advances shall not exceed three (3) at any one time. Each Eurodollar Advance shall be in a minimum amount of $1,000,000 or in an integral multiple of $500,000 above such amount. Each Federal Funds Rate Advance shall be in an amount that is an integral multiple of $500,000. Federal Funds Rate Advances shall not be outstanding for more than ten (10) consecutive calendar days.
Appears in 4 contracts
Samples: Credit Agreement (Dain Rauscher Corp), Credit Agreement (Dain Rauscher Corp), Credit Agreement (Interra Financial Inc)
