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 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, in the case of 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) refers to the determination whether such Loan is an Initial Term Loan, an Incremental Term Loan, a Revolving Loan or a Swing Loan, each of which constitutes a Class. In the event multiple tranches of Incremental Term Loans are incurred pursuant to Section 2.01(c), each such tranche shall constitute a Class. The “Type” of a Loan refers to the determination whether such Loan is a 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 “Euro-Dollar Revolving Loan”) indicates that such Loan is both a Revolving Loan and a Euro-Dollar Loan (or that such Borrowing is comprised of such Loans).

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Classes and Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders to be made to the Borrower pursuant to Article 2 Section 2.02 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, in the case of Euro-Dollar Eurodollar Loans, have the same initial Interest Period. Loans hereunder made under this Agreement 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) refers to whether such commitment or Loan is (a) a Revolving Commitment or a Revolving Loan made under the Revolving Commitments or (b) a Term B Loan, each of which constitutes a "Class". The "Type" of a Loan refers to whether such Loan is a Eurodollar Loan or a Base Rate Loan, each of which constitutes a "Type". Identification of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans) refers to the determination whether such Loan is an Initial Term Loan, an Incremental Term Loan, a Revolving Loan or a Swing Loan, each of which constitutes a Class. In the event multiple tranches of Incremental Term Loans are incurred pursuant to Section 2.01(c), each such tranche shall constitute a Class. The “Type” of a Loan refers to the determination whether such Loan is a 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 “Euro-Dollar Revolving Loan”) indicates that such Loan is both a Revolving Loan and a Euro-Dollar Loan (or that such Borrowing is comprised of such Loans)Type.

Appears in 1 contract

Samples: Shared Services Agreement (Nexstar Broadcasting Group 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 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 Euro-Dollar 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) refers to the determination whether such Loan is an Initial a Term Loan, an Incremental Term Loan, a Revolving Loan or a Swing Revolving Credit Loan, each of which constitutes a Class. In the event multiple tranches of Incremental Term Loans are incurred pursuant to Section 2.01(c), each such tranche shall constitute 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 "Euro-Dollar Revolving Term Loan") indicates that such Loan is both a Revolving Term Loan and a Euro-Dollar Loan (or that such Borrowing 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 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, in the case of 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) refers to the determination whether such Loan is an Initial a Term A Loan, an Incremental Term Loan, a Revolving B Loan or a Swing Revolving Loan, each of which constitutes a Class. In the event multiple tranches of Incremental Term Loans are incurred pursuant to Section 2.01(c), each such tranche shall constitute a Class. The "Type" of a Loan refers to the determination whether such Loan is a 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 "Euro-Dollar Revolving Term A Loan") indicates that such Loan is both a Revolving Term A Loan and a Euro-Dollar Loan (or that such Borrowing is comprised of such Loans).

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Sybron Chemicals Inc)

Classes and Types of Loans and Borrowings. The term “Borrowing” "BORROWING" denotes the aggregation of Loans of one or more Lenders to be made to 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, in the case of Euro-Dollar 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) refers to the determination whether such Loan is an Initial Term a Tranche One Revolving Loan, an Incremental Term Loan, a Tranche Two Revolving Loan or a Swing Tranche Two Term Loan, each of which constitutes a Class. In the event multiple tranches of Incremental Term Loans are incurred pursuant to Section 2.01(c), each such tranche shall constitute a Class. The “Type” "TYPE" of a Loan refers to the determination whether such Loan is a 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 "Euro-Dollar Tranche One Revolving Loan") indicates that such Loan is both a Tranche One Revolving Loan and a Euro-Dollar Loan (or that such Borrowing is comprised of such Loans).

Appears in 1 contract

Samples: Credit Agreement (TRW Inc)

AutoNDA by SimpleDocs

Classes and Types of Loans and Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to 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, in the case of 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) refers to the determination whether such Loan is an Initial a Term Loan, an Incremental Term Loan, a Revolving Loan or a Swing Loan, each of which constitutes a Class. In the event multiple tranches of Incremental Term Loans are incurred pursuant to Section 2.01(c2.01(b), each such tranche shall constitute a Class. The “Type” of a Loan refers to the determination whether such Loan is a 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 “Euro-Dollar Revolving Term Loan”) indicates that such Loan is both a Revolving Term Loan and a Euro-Dollar Loan (or that such Borrowing is comprised of such Loans).

Appears in 1 contract

Samples: Assignment and Assumption 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 the Borrower pursuant to Article 2 Section 2.02 on the same date, all of which Loans are of the same Class and Type (subject to Article 8) and, in the case of Euro-Dollar Eurodollar Loans, have the same initial Interest Period. Loans hereunder made under this Agreement are distinguished by “Class” and by “Type”. The “Class” of a Loan (or of a Commitment commitment to make such a Loan or of a Borrowing comprised of such Loans) refers to the determination whether such commitment or Loan is an Initial Term Loan, an Incremental Term Loan, (a) a Revolving Commitment or a Revolving Loan made under the Revolving Commitments, or (b) a Swing Term B Loan, each of which constitutes a Class. In the event multiple tranches of Incremental Term Loans are incurred pursuant to Section 2.01(c), each such tranche shall constitute a Class. The “Type” of a Loan refers to the determination whether such Loan is a Euro-Dollar Eurodollar Loan or a Base Rate Loan, each of which constitutes a “Type”. Identification of a Loan (or of a BorrowingCommitment to make such a Loan or of a Borrowing comprised of such Loans) by both Class and Type (Type, e.g., a “Euro-Dollar Revolving Eurodollar Incremental Term Loan”) indicates that such Loan is both a Revolving an Incremental Term Loan and a Euro-Dollar Eurodollar Loan (or that such Borrowing is comprised of such Loans).

Appears in 1 contract

Samples: Credit Agreement (Nexstar Broadcasting Group Inc)

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