Common use of Amounts, Advances and Rate Selection Clause in Contracts

Amounts, Advances and Rate Selection. (i) The principal amount outstanding on any US Facility Loan shall be recorded in the Agent's records in US Dollars, based on the amount of any US Facility Advance as reduced from time to time by the amount of any principal payments with respect to such US Facility Loan. In the event a US Facility Loan is Continued or Converted pursuant to Section 2.08, such election shall be treated as a US Facility Advance for purposes of this Section 2.01. There shall be no more than fifteen (15) Eurodollar Rate Loans outstanding at any one time under the US Facility.

Appears in 2 contracts

Samples: Credit Agreement (Technitrol Inc), Credit Agreement (Technitrol Inc)

AutoNDA by SimpleDocs

Amounts, Advances and Rate Selection. (i) The principal amount outstanding on any US Facility Loan shall be recorded in the US Facility Agent's records in US Dollars, based on the amount of any US Facility Advance as reduced from time to time by the amount of any principal payments with respect to such US Facility Loan. In the event a US Facility Loan is Continued or Converted pursuant to Section 2.08, such election shall be treated as a US Facility Advance for purposes of this Section 2.01. There shall be no more than fifteen ten (1510) Eurodollar Rate Loans outstanding at any one time under the US Facility.

Appears in 1 contract

Samples: Credit Agreement (American Greetings Corp)

Amounts, Advances and Rate Selection. (i) The principal amount outstanding on any US Facility Loan shall be recorded in the US Facility Agent's records in US Dollars, based on the amount of any US Facility Advance as reduced from time to time by the amount of any principal payments with respect to such US Facility Loan. In the event a US Facility Loan is Continued or Converted pursuant to Section 2.08, such election shall be treated as a US Facility Advance for purposes of this Section 2.01. There shall be no more than fifteen ten (1510) Eurodollar Rate Loans outstanding at any one time under the US Facility.. 45 52

Appears in 1 contract

Samples: Credit Agreement (American Greetings Corp)

AutoNDA by SimpleDocs

Amounts, Advances and Rate Selection. (i) The principal amount outstanding on any US Facility Loan shall be recorded in the US Facility Agent's records in US Dollars, based on the amount of any US Facility Advance as reduced from time to time by the amount of any principal payments with respect to such US Facility Loan. In the event a US Facility Loan is Continued or Converted pursuant to Section SECTION 2.08, such election shall be treated as a US Facility Advance for purposes of this Section 2.01. There shall be no more than fifteen (15) Eurodollar Rate Loans outstanding at any one time under the US Facility.US

Appears in 1 contract

Samples: Credit Agreement (American Greetings Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.