Common use of Classes and Types of Advances Clause in Contracts

Classes and Types of Advances. Advances and Borrowings are distinguished by “Class” and “Type”. The “Class” of an Advance or Borrowing refers to the determination of whether such Advance or Borrowing consists of Revolving Advances or Swing Line Advances. The “Type” of an Advance refers to the determination of whether such Advance is a Base Rate Advance or a Eurodollar Advance.

Classes and Types of Advances. Advances and Borrowings are distinguished by “Class” and “Type”. The “Class” when used in respect of an any Advance or Borrowing Borrowing, refers to whether the determination of whether such Advance or the Borrowing consists consisting of simultaneous Advances is a Revolving Advances Advance or a Swing Line AdvancesAdvance. The “Type” ”, when used in respect of an any Advance or Borrowing, refers to whether the determination Advance or the Borrowing consisting of whether such Advance simultaneous Advances is a Base Eurodollar Rate Advance or a Eurodollar Reference Rate Advance.

Classes and Types of Advances. Advances and Borrowings are distinguished by “Class” and “Type”. The “Class” of an Advance or Borrowing ”, when used in reference to any Advance, refers to the determination of whether such Advance Advance, or the Advances comprising such Borrowing consists of are Revolving Advances or Swing Line Swingline Advances. The “Type” of an Advance refers to the determination of whether such Advance is a Base Rate Eurodollar Advance or a Eurodollar Base Rate Advance.