Amount of Each Borrowing. The aggregate principal amount of each Borrowing hereunder shall not (i) be less than $2,000,000, and if greater, shall be in an integral multiple of $1,000,000 and (ii) exceed the lesser of (a) Cumulative Losses incurred after the occurrence of the Loss Threshold Incurrence Date less the aggregate principal amount of all Loans previously made and (b) the aggregate Unutilized Commitments of all Banks as in effect on the date such Borrowing is made.
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Samples: Credit Agreement (Assured Guaranty LTD), Credit Agreement (Ace LTD), Credit Agreement (RAM Holdings Ltd.)
Amount of Each Borrowing. The aggregate principal amount of each Borrowing hereunder shall not (i) be less than $2,000,0001,000,000, and if greater, shall be in an integral multiple of $1,000,000 100,000 and (ii) exceed the lesser of (a) Cumulative Losses incurred after the occurrence of the Loss Threshold Incurrence Date less the aggregate principal amount of all Loans previously made and (b) the aggregate Unutilized Commitments of all Banks as in effect on the date such Borrowing is made.
Appears in 2 contracts
Samples: Credit Agreement (Radian Group Inc), Credit Agreement (Radian Group Inc)
Amount of Each Borrowing. The aggregate principal ------------------------ amount of each Borrowing hereunder shall not (i) be less than $2,000,000, and if greater, shall be in an integral multiple of $1,000,000 and (ii) exceed the lesser of (ax) Cumulative Losses incurred after the occurrence of the Loss Threshold Incurrence Date less the aggregate principal amount of all Loans previously made and (by) the aggregate Unutilized Commitments of all Banks as in effect on the date such Borrowing is made.
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