Common use of Limitations on Eurodollar Tranches Clause in Contracts

Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to (i) with respect to the Term Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof, and (ii) with respect to Revolving Loans, $100,000 or whole multiples in excess thereof; and (b) no more than seven (7) Eurodollar Tranches shall be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Telecommunication Systems Inc /Fa/)

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Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to (i) with respect to or, in the Term case of Alternate Currency Revolving Loans, the Dollar Equivalent of the principal amount equal to $1,000,000 5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof, and (ii) with respect to Revolving Loans, $100,000 or whole multiples in excess thereof; thereof and (b) no more than seven (7) ten Eurodollar Tranches shall be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Norcross Safety Products LLC)

Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans (based on, in the case of Foreign Currency Revolving Loans, the Dollar Equivalent of such Foreign Currency Revolving Loans) comprising each Eurodollar Tranche shall be equal to (i) with respect to the Term Loans, $1,000,000 5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof, and (ii) with respect to Revolving Loans, $100,000 or whole multiples in excess thereof; thereof and (b) no more than seven twenty (720) Eurodollar Tranches shall be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Tenneco Inc)

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Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and continuations of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans (based on, in the case of Foreign Currency Revolving Loans, the Dollar Equivalent of such Foreign Currency Revolving Loans) comprising each Eurodollar Tranche shall be equal to (i) with respect to the Term Loans, $1,000,000 5,000,000 or a whole multiple of $100,000 1,000,000 in excess thereof, and (ii) with respect to Revolving Loans, $100,000 or whole multiples in excess thereof; thereof and (b) no more than seven (7) 20 Eurodollar Tranches shall be outstanding at any one time.

Appears in 1 contract

Samples: Collateral Agreement (Tenneco Inc)

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