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 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 $1,000,000 or a whole multiple of $250,000 in excess thereof and (b) no more than six Eurodollar Tranches shall be outstanding at any one time.

Appears in 2 contracts

Samples: Credit Agreement (Del Laboratories Inc), Credit Agreement (Del Laboratories Inc)

AutoNDA by SimpleDocs

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 $1,000,000 5,000,000 or a whole multiple multiples of $250,000 1,000,000 in excess thereof and (b) no more than six five Eurodollar Tranches shall be outstanding at any one time. 3.5.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Energy Corp)

Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions conversions, continuations and continuations optional prepayments 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 $1,000,000 5,000,000 or a whole multiple of $250,000 1,000,000 in excess thereof and (b) no more than six ten Eurodollar Tranches shall be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Buslease Inc /New/)

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, that (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $1,000,000 500,000 or a whole multiple of $250,000 100,000 in excess thereof and (b) no more than six Eurodollar Tranches shall be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (General Automation Inc/Il)

AutoNDA by SimpleDocs

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 at least $1,000,000 or a whole multiple of $250,000 in excess thereof 5,000,000 and (b) no more than six ten Eurodollar Tranches shall be outstanding at any one time.

Appears in 1 contract

Samples: Tender Facility Credit Agreement (Rodamco North America N V)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!