Common use of Classes and Types of Loans and Borrowings Clause in Contracts

Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders to be made to a single Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Loans hereunder are distinguished by "Class" and by "Type". The "Class" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Loan, Tranche B Loan, a Revolving Loan or a Swing Loan, each of which constitutes a Class. The "Type" of a Loan refers to the determination whether such Loan is a Euro-Dollar Loan or a Base Rate Loan. Identification of a Loan (or a Borrowing) by both Class and Type (e.g., a "Tranche B Euro-Dollar Loan") indicates that such Loan is both a Tranche B Loan and a Euro-Dollar Loan (or that such Borrowing or Group of Loans is comprised of such Loans).

Appears in 2 contracts

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc), Credit Agreement (Metro-Goldwyn-Mayer Inc)

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Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders Banks to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Loans hereunder are distinguished by "Class" and by "Type". The "Class" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Term Loan-I, Tranche B Term Loan-II, a Term Loan-III or Revolving Loan or a Swing Credit Loan, each of which constitutes a Class. The "Type" of a Loan refers to the determination whether such Loan is a Euro-Dollar Loan, a CD Loan, a Base Rate Loan or a Base Rate Money Market Loan, each of which constitutes a "Type". Identification of a Loan (or a Borrowing) by both Class and Type (e.g., a "Tranche B Euro-Dollar Term Loan-I") indicates that such Loan is both a Tranche B Loan Term Loan-I and a Euro-Dollar Loan (or that such Borrowing or Group of Loans is comprised of such Loans).

Appears in 2 contracts

Samples: Credit Agreement (Norfolk Southern Corp), Credit Agreement (Norfolk Southern Corp)

Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Euro- Dollar Loans, have the same initial Interest Period. Loans hereunder are distinguished by "Class" and by "Type". The "Class" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Term Loan-A, Tranche B Term Loan-B, a Term Loan- C, Term Loan-D, Revolving Loan or a Swing Loan, each of which constitutes a Class. The "Type" of a Loan refers to the determination whether such Loan is a Euro-Euro- Dollar Loan or a Base Rate Loan, each of which constitutes a "Type". Identification of a Loan (or a Borrowing) by both Class and Type (e.g., a "Tranche B EuroEuro- Dollar Term Loan-Dollar LoanA") indicates that such Loan is both a Tranche B Loan Term Loan-A and a Euro-Euro- Dollar Loan (or that such Borrowing or Group of Loans is comprised of such Loans).

Appears in 2 contracts

Samples: Credit Agreement (Lyondell Petrochemical Co), Credit Agreement (Lyondell Chemical Co)

Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Loans hereunder are distinguished by "Class" and by "Type". The "ClassCLASS" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Loan, Tranche B Loan, a Revolving Term Loan or a Swing Revolving Credit Loan, each of which constitutes a Class. The "TypeTYPE" of a Loan refers to the determination whether such Loan is a Euro-Dollar Loan, a CD Loan, a Base Rate Loan or a Base Rate Money Market Loan, each of which constitutes a "Type". Identification of a Loan (or a Borrowing) by both Class and Type (e.g., a "Tranche B EuroEURO-Dollar LoanDOLLAR TERM LOAN") indicates that such Loan is both a Tranche B Term Loan and a Euro-Dollar Loan (or that such Borrowing or Group of Loans is comprised of such Loans).

Appears in 1 contract

Samples: Credit Agreement (Mallinckrodt Inc /Mo)

Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Loans hereunder are distinguished by "Class" and by "Type". The "Class" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Loan, Tranche B Loan, a Revolving Term Loan or a Swing Revolving Loan, each of which constitutes a Class. The "Type" of a Loan refers to the determination whether such Loan is a Euro-Dollar Loan or a Base Rate Loan. Identification of a Loan (or a Borrowing) by both Class and Type (e.g., a "Tranche B Term Euro-Dollar Loan") indicates that such Loan is both a Tranche B Term Loan and a Euro-Dollar Loan (or that such Borrowing or Group of Loans is comprised of such Loans).

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

Classes and Types of Loans and Borrowings. The term "BorrowingBORROWING" denotes the aggregation of Loans of one or more Lenders to be made to a single Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Loans hereunder are distinguished by "ClassCLASS" and by "TypeTYPE". The "ClassCLASS" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Loan, Tranche B Loan, a Revolving Loan or a Swing Loan, each of which constitutes a Class. The "TypeTYPE" of a Loan refers to the determination whether such Loan is a Euro-Dollar Loan or a Base Rate Loan. Identification of a Loan (or a Borrowing) by both Class and Type (e.g., a "Tranche TRANCHE B EuroEURO-Dollar LoanDOLLAR LOAN") indicates that such Loan is both a Tranche B Loan and a Euro-Dollar Loan (or that such Borrowing or Group of Loans is comprised of such Loans).

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

Classes and Types of Loans and Borrowings. The term "Borrowing" Borrowing denotes the aggregation of Loans of one or more Lenders Banks to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Loans hereunder are distinguished by "Class" Class and by "Type"Type . The "Class" Class of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Loan, Tranche B Loan, a Revolving Term Loan or a Swing Revolving Credit Loan, each of which constitutes a Class. The "Type" Type of a Loan refers to the determination whether such Loan is a Euro-Dollar Loan, a CD Loan or a Base Rate Loan. Identification of a Loan (or a Borrowing) by both Class and Type (e.g., a "Tranche B Term Euro-Dollar Loan"Loan ) indicates that such Loan is both a Tranche B Term Loan and a Euro-Dollar Loan (or that such Borrowing or Group of Loans is comprised of such Loans).

Appears in 1 contract

Samples: Credit Agreement (Wiley John & Sons Inc)

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Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders Banks to be made to a single Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Loans hereunder are distinguished by "Class" and by "Type". The "Class" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Loan, Tranche B Loan, a Revolving Term Loan or a Swing Revolving Loan, each of which constitutes a Class. The "Type" of a Loan refers to the determination whether such Loan is a Euro-Dollar Loan or a Base Rate Loan. Identification of a Loan (or a BorrowingBorrowing or Group) by both Class and Type (e.g., a "Tranche B Euro-Dollar Loan") indicates that such Loan is both a Tranche B Loan and a Euro-Dollar Loan (or that such Borrowing or Group of Loans is comprised of such Loans).Type

Appears in 1 contract

Samples: Credit and Reimbursement Agreement (Orbital Sciences Corp /De/)

Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders to be made to a single the same Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Euro- Currency Loans, have the same initial Interest Period. Loans hereunder are distinguished by "Class" and by "Type". The "Class" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Term Loan-A, Tranche Term Loan-B Loan, a or Revolving Loan or a Swing Loan, each of which constitutes a Class. The "Type" of a Loan refers to the determination whether such Loan is a Euro-Dollar Currency Loan or an ABR Loan, each of which constitutes a Base Rate Loan"TYPE". Identification of a Loan (or a Borrowing) by both Class and Type (e.g., a "Tranche B Euro-Dollar Currency Term Loan-A") indicates that such Loan is both a Tranche B Loan Term Loan-A and a Euro-Dollar Currency Loan (or that such Borrowing or Group of Loans is comprised of such Loans).

Appears in 1 contract

Samples: Execution (SFX Entertainment Inc)

Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Loans hereunder are distinguished by "Class" and by "Type". The "Class" of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans or of a Group of such Loans) refers to the determination whether such Loan is a Tranche A Loan, Tranche B Loan, a Revolving Loan or a Swing Loan, each of which constitutes a Class. The "Type" of a Loan refers to the determination whether such Loan is a Euro-Dollar Loan or a Base Rate Loan. Identification of a Loan (or a Borrowing) by both Class and Type (e.g., a "Tranche B Euro-Dollar Loan") indicates that such Loan is both a Tranche B Loan and a Euro-Dollar Loan (or that such Borrowing or Group of Loans is comprised of such Loans).

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

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