Common use of Minimum Amount for Loans Clause in Contracts

Minimum Amount for Loans. Each request for: (i) a Base Rate Loan shall be in an amount of not less than Five Hundred Thousand Dollars ($500,000), increased by increments of One Hundred Thousand Dollars ($100,000); (ii) a LIBOR Fixed Rate Loan shall be in an amount (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number) of not less than Five Hundred Thousand Dollars ($500,000), increased by increments of Five Hundred Thousand Dollars ($500,000) (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number); and (iii) a Swing Loan shall be in an amount of not less than Two Hundred Fifty Thousand Dollars ($250,000).

Appears in 4 contracts

Samples: Credit Agreement (TTEC Holdings, Inc.), Credit Agreement (Teletech Holdings Inc), Credit Agreement (Teletech Holdings Inc)

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Minimum Amount for Loans. Each request for: (i) a Base Rate Loan shall be in an amount of not less than Five Hundred Thousand Dollars ($500,000), increased by increments of One Hundred Thousand Dollars ($100,000); (ii) a LIBOR Eurodollar Fixed Rate Loan shall be in an amount (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number) of not less than Five Hundred Thousand Dollars ($500,000), increased by increments of Five Hundred Thousand Dollars ($500,000) (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number); and (iii) a Swing Loan shall be in an amount of not less than Two Hundred Fifty Thousand Dollars ($250,000).

Appears in 2 contracts

Samples: Credit Agreement (TTEC Holdings, Inc.), Credit Agreement (TTEC Holdings, Inc.)

Minimum Amount for Loans. Each request for: (i) a Base Rate Loan shall be in an amount of not less than Five Hundred Thousand Dollars ($500,000), increased by increments of One Hundred Thousand Dollars ($100,000); (ii) a LIBOR LIBOREurodollar Fixed Rate Loan shall be in an amount (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number) of not less than Five Hundred Thousand Dollars ($500,000), increased by increments of Five Hundred Thousand Dollars ($500,000) (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number); and (iii) a Swing Loan shall be in an amount of not less than Two Hundred Fifty Thousand Dollars ($250,000).

Appears in 1 contract

Samples: Credit Agreement (TTEC Holdings, Inc.)

Minimum Amount for Loans. Each request for: (i) a Base Rate Loan or a Daily Simple SOFR Loan shall be in an amount of not less than Five Hundred Thousand One Million Dollars ($500,0001,000,000), increased by increments of One Hundred Thousand Million Dollars ($100,0001,000,000); (ii) a LIBOR each Fixed Rate Loan and RFR Loan shall be in an amount (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number) of not less than Five Hundred Thousand One Million Dollars ($500,0001,000,000), increased by increments of Five Hundred Thousand One Million Dollars ($500,0001,000,000) (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number); and (iii) a Swing Loan shall be in an amount of not less than Two Five Hundred Fifty Thousand Dollars ($250,000500,000), or such lower amount as may be agreed to by the Swing Line Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Bel Fuse Inc /Nj)

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Minimum Amount for Loans. Each request for: (i) i. a Base Rate Loan or a Daily Simple SOFR Loan shall be in an amount of not less than Five Hundred Thousand One Million Dollars ($500,0001,000,000), increased by increments of One Hundred Thousand Million Dollars ($100,0001,000,000); (ii) a LIBOR . each Fixed Rate Loan and RFR Loan shall be in an amount (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number) of not less than Five Hundred Thousand One Million Dollars ($500,0001,000,000), increased by increments of Five Hundred Thousand One Million Dollars ($500,0001,000,000) (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount rounded to the nearest whole number); and (iii) . a Swing Loan shall be in an amount of not less than Two Five Hundred Fifty Thousand Dollars ($250,000500,000), or such lower amount as may be agreed to by the Swing Line Lender.

Appears in 1 contract

Samples: Credit and Security Agreement (Bel Fuse Inc /Nj)

Minimum Amount for Loans. Each request for: (i) a Base Rate Loan shall be in an amount of not less than Five Hundred Thousand One Million Dollars ($500,0001,000,000), increased by increments of One Hundred Thousand Dollars ($100,000);; and (ii) a LIBOR Fixed Rate Loan shall be in an amount (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount a rounded to the nearest whole number) of not less than Five Hundred Thousand One Million Dollars ($500,0001,000,000), increased by increments of Five One Hundred Thousand Dollars ($500,000100,000) (or, with respect to an Alternate Currency Loan, such approximately comparable amount as shall result in an amount a rounded to the nearest whole number); and (iii) a Swing Loan shall be in an amount of not less than Two Hundred Fifty Thousand Dollars ($250,000).

Appears in 1 contract

Samples: Credit Agreement (Nn Inc)

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