Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (i) 25, in the case of Revolving Credit Loans, (ii) ten, in the case of Term Loans, (iii) five, in the case of Term C Loans, and (iv) up to an additional three Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans under this Agreement. For the avoidance of doubt, unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period will constitute one Borrowing.
Appears in 3 contracts
Samples: Credit Agreement (Vistra Energy Corp), Credit Agreement (Energy Future Competitive Holdings Co LLC), Senior Secured Debtor in Possession Credit Agreement (Energy Future Competitive Holdings Co LLC)
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (iA) 25, in the case 25 Borrowings of Revolving Credit Loans, and (iiB)(i) tenthirteen, in the case of Term Loans, (iii) five, in the case Borrowings of Term C Loans, SOFR Loans and (ivii) up to an additional three Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans in each case, under this Agreement. For the avoidance of doubt, unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period will constitute one Borrowing.
Appears in 2 contracts
Samples: Credit Agreement (Vistra Corp.), Credit Agreement (Vistra Corp.)
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (ia) 25, in the case 25 Borrowings of Revolving Credit Loans, and (b)(i) 13 Borrowings of Term B Loans that are Term SOFR Loans, (ii) ten, in the case of Term Loans, (iii) five, in the case 13 Borrowings of Term C Loans, Loans that are Term SOFR Loans and (iviii) up to an additional three Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans in each case, under this Agreement. For the avoidance of doubt, unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period will constitute one Borrowing.
Appears in 2 contracts
Samples: Credit Agreement (Talen Energy Corp), Credit Agreement (Talen Energy Corp)
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (iA) 25, in the case 25 Borrowings of Revolving Credit Loans, and (iiB)(i) tenthirteen, in the case of Term Loans, Borrowings of Term SOFR Loans, (iiiii) five, in the case of Term C Loans, Borrowings of Term SOFR Loans and (iviii) up to an additional three Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans in each case, under this Agreement. For the avoidance of doubt, subject to Section 2.1(d), unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period will constitute one Borrowing.
Appears in 2 contracts
Samples: Credit Agreement (Vistra Corp.), Credit Agreement (Vistra Corp.)
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (i) 25, in the case of Revolving Credit Loans, (ii) tenthirteen, in the case of Term Loans, (iii) five, in the case of Term C Loans, and (iv) up to an additional three Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans under this Agreement. For the avoidance of doubt, unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period will constitute one Borrowing.
Appears in 2 contracts
Samples: Credit Agreement (Vistra Energy Corp.), Credit Agreement (Vistra Energy Corp.)
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans Loan and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters thereof; provided that there shall be no more than two drawings of Credit)Delayed-Draw Term Loans. More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (i) 25twenty (20), in the case of Revolving Credit Loans, Loans (ii) tenten (10), in the case of Term Loans, Loan Borrowings of LIBOR Loans and (iii) fiveten (10), in the case of Delayed-Draw Term C Loans, and (iv) up to an additional three Loan Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans under this Agreement. For the avoidance of doubt, unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period and drawn on the same date will constitute one Borrowing.
Appears in 1 contract
Samples: Senior Secured Debtor in Possession Credit Agreement (Energy Future Competitive Holdings Co LLC)
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans Loan and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (i) 25twenty, in the case of Revolving Credit Loans, (ii) ten, in the case of Term Loans, and (iii) five, in the case of Term C Loans, and (iv) up to an additional three Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans under this Agreement. For the avoidance of doubt, unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period and drawn on the same date will constitute one Borrowing.
Appears in 1 contract
Samples: Senior Secured Debtor in Possession Credit Agreement (Energy Future Competitive Holdings Co LLC)
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (iA) 25, in the case 25 Borrowings of Revolving Credit Loans, and (iiB)(i) tenthirteen, in the case of Term Loans, Borrowings of LIBORTerm SOFR Loans, (iiiii) five, in the case of Term C Loans, Borrowings of LIBOR Loans and (iviii) up to an additional three Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans in each case, under this Agreement. For the avoidance of doubt, subject to Section 2.1(d), unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period will constitute one Borrowing.
Appears in 1 contract
Samples: Credit Agreement (Vistra Corp.)
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (iiA) 25, in the case Borrowings of Revolving Credit Loans, and (iiiiB)(i) tenthirteen, in the case of Term Loans, Borrowings of LIBOR Loans, (iiiiiiii) five, in the case of Term C Loans, Borrowings of LIBOR Loans and (iviviii) up to an additional three Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans Loansin each case, under this Agreement. For the avoidance of doubt, subject to Section 2.1(d), unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period will constitute one Borrowing.
Appears in 1 contract
Samples: Credit Agreement (Vistra Corp.)
Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $1,000,000 in excess thereof (except borrowings to reimburse Unpaid Drawings under Revolving Letters of Credit). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (iA) 25, in the case 25 Borrowings of Revolving Credit Loans, and (iiB)(i) tenthirteen, in the case of Term Loans, Borrowings of Term SOFR Loans, (iiiii) five, in the case of Term C Loans, Borrowings of LIBORTerm SOFR Loans and (iviii) up to an additional three Borrowings in respect of each Incremental Facility, Borrowings of LIBOR Loans in each case, under this Agreement. For the avoidance of doubt, subject to Section 2.1(d), unless otherwise determined by the Borrower, all Loans of the same Class and subject to the same Interest Period will constitute one Borrowing.
Appears in 1 contract
Samples: Credit Agreement (Vistra Corp.)