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Common use of Loan Amounts Clause in Contracts

Loan Amounts. The Company shall have the option, subject to the terms and conditions set forth herein, to borrow under this Section 2.1A up to the total of all the Commitments by means of any combination of: (a) Alternate Base Rate Loans which shall be payable on their respective due dates and shall be drawn down in aggregate amounts of not less than Five Million Dollars ($5,000,000) or any greater amount evenly divisible by One Million Dollars ($1,000,000); and (b) LIBOR Loans, which shall be payable on the last day of the relevant LIBOR Interest Period and shall be drawn down in aggregate amounts of not less than Five Million Dollars ($5,000,000) or any greater amount evenly divisible by One Million Dollars ($1,000,000).

Appears in 2 contracts

Samples: 364 Day Revolving Credit Agreement (Sherwin Williams Co), 364 Day Revolving Credit Agreement (Sherwin Williams Co)

Loan Amounts. The Company shall have the option, subject to the terms and conditions set forth herein, to borrow under this Section 2.1A up to the total of all the Commitments by means of any combination of: (a) Alternate Base Rate Loans which shall be payable on their respective due dates and shall be drawn down in aggregate amounts of not less than Five Million Dollars ($5,000,000) or any greater amount evenly divisible by One Million Dollars ($1,000,000); and (b) LIBOR Loans, Loans which shall be payable on the last day of the relevant LIBOR Interest Period and shall be drawn down in aggregate amounts of not less than Five Million Dollars ($5,000,000) or any greater amount evenly divisible by One Million Dollars ($1,000,000).

Appears in 2 contracts

Samples: Five Year Revolving Credit Agreement (Sherwin Williams Co), Five Year Revolving Credit Agreement (Sherwin Williams Co)

Loan Amounts. The Company shall have the option, subject to the terms and conditions set forth herein, to borrow under this Section 2.1A up to the total of all the Commitments by means of any combination of: (a) Alternate Base Rate Loans ALTERNATE BASE RATE LOANS which shall be payable on their respective its due dates date and shall be drawn down in aggregate amounts of not less than Five Million Dollars ($5,000,000) or any greater amount evenly divisible by One Million Dollars ($1,000,000); and (b) LIBOR Loans, LOANS which shall be payable on the last day of the relevant LIBOR Interest Period and shall be drawn down in aggregate amounts of not less than Five Million Dollars ($5,000,000) or any greater amount evenly divisible by One Million Dollars ($1,000,000).

Appears in 1 contract

Samples: Five Year Revolving Credit Agreement (Sherwin Williams Co)