Loan Types Sample Clauses

Loan Types. Each Loan shall be either a Base Rate Loan or a LIBOR Loan, as Borrower shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.

Loan Types. Subject to Section 2.13, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

Loan Types. For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Term SOFR Loan”). Advances also may be classified and referred to by Type (e.g., a “Term SOFR Advance”).

Loan Types. The U.S. Revolving Loans and the Multicurrency Revolving Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Company and notified to the Administrative Agent on behalf of the respective Borrower in accordance with subsections 2.3 and 2.7, provided that (A) no U.S. Revolving Loan or Multicurrency Revolving Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date and (B) Multicurrency Revolving Loans that are denominated in Euros shall consist solely of Eurodollar Loans. The Canadian Revolving Loans may from time to time be (A) if denominated in Canadian Dollars, Canadian Base Rate Revolving Loans bearing interest based upon the Canadian Prime Rate and (B) if denominated in U.S. Dollars, (i) Canadian Base Rate Revolving Loans bearing interest based upon the BACAN U.S. Base Rate, (ii) Eurodollar Loans or (iii) a combination thereof, in each case as determined by the Canadian Borrower and notified to the Canadian Administrative Agent in accordance with subsections 2.3 and 2.7; provided that no Canadian Revolving Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.

Loan Types. The Revolving Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by the Company and notified to the Administrative Agent in accordance with Sections 2.3 and 2.7, provided that no Revolving Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.

Loan Types. The Revolving Loan shall consist of either Base Rate Advances or LIBOR Rate Advances (the “Loan Types”), as duly requested by Borrowers’ Agent or any one or more of Borrowers pursuant to this Agreement. In addition, at any time other than after the occurrence and during the continuance of an Event of Default, Borrowers’ Agent or any one or more of Borrowers may request the conversion of any portion of the Revolving Loan from one Loan Type to another pursuant to this Agreement; provided, however, that conversions of all or any portion of a LIBOR Rate Advance may be made only as of the last date of the Interest Period applicable thereto; provided, further, that such conversion would not violate any other provisions of this Agreement. LIBOR Rate Advances, and any conversions to LIBOR Rate Advances, shall be in a minimum aggregate principal amount of $50,000 and in integral multiples of $10,000 in excess thereof (or such other amount as Bank may agree in its discretion).

Loan Types. The Revolving Loan shall consist of Base Rate Advances and/or LIBOR Rate Advances (the “Loan Types”), as duly requested by Borrower pursuant to this Agreement. LIBOR Rate Advances shall be for at least an aggregate principal amount of $500,000, and if greater, for integral multiples of $100,000 in excess thereof (or such other amount as Lender may agree in its discretion).

Loan Types. Each Loan shall be either a Base Rate Loan or a LIBOR Loan, as Borrower shall specify in the related notice of conversion pursuant to Section 2.2.3; provided, that Borrower may not request that a Loan be a LIBOR Loan if an Event of Default exists. Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than five different Interest Periods shall exist among outstanding LIBOR Loans at any one time. Notwithstanding the foregoing or any other provision of this Agreement, prior to the earlier of (a) 90 days after the Closing Date and (b) the date that Second Lien Agent notifies Borrower that it has completed its primary syndication of the Loans and the Commitments, Borrower may not select any Interest Period for a LIBOR Loan which is longer than one month.

Loan Types. ‌ Each Loan shall be either a Prime Rate Loan, an Term XXXXX Loan or a Daily Compounded XXXXX Loan, as Borrower Representative shall specify in the related notice of borrowing or conversion pursuant to Sections 2.2.2 or 2.2.3. Prime Rate Loans and Term XXXXX Loans and Daily Compounded XXXXX Loans may be outstanding at the same time, provided that not more than nine (9) different XXXXX Interest Periods shall exist among outstanding Term XXXXX Loans and Daily Compounded XXXXX Loans at any one time. All borrowings, conversions and repayments of Revolving Loans shall be effected so that each Lender will have a ratable share (according to its Pro Rata Revolving Share) of all Revolving Loans and all XXXXX Interest Periods of Term XXXXX Loans and Daily Compounded XXXXX Loan.

Loan Types. The Revolving Loan and each Term Loan, or (in the case of LIBOR Advances, subject to the provisions of this Agreement regarding the amount and availability of LIBOR Advances) any portion thereof, shall consist of either LIBOR Advances, as duly requested by Borrower Representative pursuant to this Agreement, or Index Rate Advances. In addition, at any time (other than after the occurrence and during the continuance of a Default or an Event of Default, except to the extent that Agent in its discretion determines to continue making any LIBOR Advances available to Borrowers) Borrower Representative may request the conversion of any portion of the Revolving Loan or any Term Loan from one Type to another pursuant to this Agreement or the continuation of a LIBOR Advance from one Interest Period to another Interest Period; provided, however, that conversions of all or any portion, and continuations, of a LIBOR Advance may be made only as of the last date of the Interest Period applicable thereto; provided, further, that such conversion or continuation would not violate any other provisions of this Agreement. LIBOR Advances, continuations of LIBOR Advances, and any conversions to LIBOR Advances shall be in a minimum aggregate principal amount of $100,000 and in integral multiples of $50,000 in excess thereof (or such other amount as Agent may agree in its discretion). In the absence of a request for a LIBOR Advance complying with the terms and conditions of LIBOR Advances under this Agreement, each request for an Advance shall be deemed to be a request for an Index Rate Advance.