Common use of Continuation Elections Clause in Contracts

Continuation Elections. The relevant Borrower may from time to time by delivering a Continuation Notice to the Administrative Agent on or before 1:00 p.m., Applicable Time, on a Business Day, irrevocably elect, on not less than three nor more than five Business Days’ notice, that all, or any portion in an aggregate minimum amount of $5,000,000 and an integral multiple of $1,000,000 of the LIBO Rate Loans, be continued for one or more new Interest Periods; provided that:

Appears in 5 contracts

Samples: Credit Agreement (Ingram Micro Inc), Credit Agreement (Ingram Micro Inc), Credit Agreement (Ingram Micro Inc)

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Continuation Elections. The relevant Borrower may from time to time by delivering a Continuation Notice to the Administrative Agent on or before 1:00 p.m., Applicable Time, on a Business Day, irrevocably elect, on not less than three nor more than five Business Days' notice, that all, or any portion in an aggregate minimum amount of $5,000,000 and an integral multiple of $1,000,000 of the LIBO Rate Revolving Loans, be continued for one or more new Interest Periods; provided that:

Appears in 1 contract

Samples: Credit Agreement (Ingram Micro Inc)

Continuation Elections. The relevant Borrower may from time to time by delivering a Continuation Notice to the Administrative Agent on or before 1:00 p.m., Applicable Time, on a Business Day, irrevocably elect, on not less than three nor more than five Business Days’ notice, that all, or any portion in an aggregate minimum amount of $5,000,000 and an integral multiple of $1,000,000 of the LIBO Rate Revolving Loans, be continued for one or more new Interest Periods; provided that:

Appears in 1 contract

Samples: Credit Agreement (Ingram Micro Inc)

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Continuation Elections. The relevant Primary Borrower may from time to time by delivering a Continuation Notice to the Administrative Agent on or before 1:00 p.m., Applicable TimeLondon time, on a Business Day, irrevocably elect, on not less than three nor more than five Business Days' notice, that all, or any portion in an aggregate minimum amount of $5,000,000 10,000,000 and an integral multiple of $1,000,000 of the LIBO Rate Pro-Rata Revolving Loans, be continued for one or more new Interest Periods; provided that:

Appears in 1 contract

Samples: Credit Agreement (Ingram Micro Inc)

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