Minimum Amount of Each Borrowing; Limitation on Number of Borrowings. (a) The aggregate principal amount of each Borrowing of Loans under a respective Tranche shall not be less than the Minimum Borrowing Amount for such Tranche of Loans. (b) More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than twelve Borrowings of Loans subject to different Interest Periods.
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Samples: Credit Agreement (Overseas Shipholding Group Inc), Credit Agreement (Overseas Shipholding Group Inc)
Minimum Amount of Each Borrowing; Limitation on Number of Borrowings. (a) The aggregate principal amount of each Borrowing of Loans under a respective Tranche shall not be less than the Minimum Borrowing Amount for such Tranche of LoansAmount.
(b) More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than twelve six Borrowings of Loans subject to different Interest Periods.
Appears in 2 contracts
Samples: Credit Agreement (General Maritime Corp / MI), Credit Agreement (General Maritime Corp/)
Minimum Amount of Each Borrowing; Limitation on Number of Borrowings. (a) The aggregate principal amount of each Borrowing of Eurodollar Loans under a respective Tranche shall not be less than the Minimum Borrowing Amount for such Tranche of LoansAmount.
(b) More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than twelve six Borrowings of Eurodollar Loans subject to different Interest Periods.
Appears in 1 contract
Samples: Credit Agreement (Todco)
Minimum Amount of Each Borrowing; Limitation on Number of Borrowings. (a) The aggregate principal amount of each Borrowing of Loans under a respective Tranche shall not be less than the Minimum Borrowing Amount for such Tranche of Loans$5,000,000.
(b) More than one Borrowing may occur on the same date, but at no time (x) prior to the Commitment Termination Date, shall there be outstanding more than twelve nineteen, and (y) thereafter, shall there be outstanding more than six, Borrowings of Loans subject to different Interest PeriodsPeriods in the aggregate for all Tranches.
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Minimum Amount of Each Borrowing; Limitation on Number of Borrowings. (a) The aggregate principal amount of each Borrowing of Loans under a respective Tranche shall not be less than the Minimum Borrowing Amount for each such Tranche of LoansTranche.
(b) More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than twelve six Borrowings of Loans subject to different Interest PeriodsPeriods in the aggregate for all Tranches.
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Minimum Amount of Each Borrowing; Limitation on Number of Borrowings. (a) The aggregate principal amount of each Borrowing of Loans under a respective Tranche shall not be less than the Minimum Borrowing Amount for such Tranche of LoansAmount.
(b) More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than twelve six Borrowings of Loans subject to different Interest PeriodsPeriods in the aggregate at any time.
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Minimum Amount of Each Borrowing; Limitation on Number of Borrowings. (a) The aggregate principal amount of each Borrowing of Loans under a respective Tranche shall not be less than the Minimum Borrowing Amount for such Tranche of LoansAmount.
(b) More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than twelve fifteen Borrowings of Loans subject to different Interest PeriodsPeriods in the aggregate at any time.
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