Common use of Borrowings, Conversions and Continuations of Revolving Loans Clause in Contracts

Borrowings, Conversions and Continuations of Revolving Loans. (a) Revolving Loans (other than Swing Line Loans) shall be either Base Rate Loans or LIBOR Rate Loans as the Lead Borrower may request subject to and in accordance with this Section 2.02. All Swing Line Loans shall be only Base Rate Loans. Subject to the other provisions of this Section 2.02, Revolving Borrowings of more than one Type may be incurred at the same time.

Appears in 3 contracts

Samples: Credit Agreement (Torrid Holdings Inc.), Credit Agreement (Torrid Holdings Inc.), Credit Agreement (Torrid Inc.)

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Borrowings, Conversions and Continuations of Revolving Loans. (a) Revolving Loans (other than Swing Line Loans) shall be either Base Rate Loans or LIBOR Rate Term SOFR Loans as the Lead Borrower may request subject to and in accordance with this Section 2.02. All Swing Line Loans shall be only Base Rate Loans. Subject to the other provisions of this Section 2.02, Revolving Committed Borrowings of more than one Type may be incurred at the same time.

Appears in 1 contract

Samples: Security Agreement (Barnes & Noble Education, Inc.)

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