Common use of Minimum Amount of Each Borrowing Clause in Contracts

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 16 contracts

Samples: Amendment and Restatement Agreement (VERRA MOBILITY Corp), Term Loan Credit Agreement (Vertiv Holdings Co), Term Loan Credit Agreement (Interior Logic Group Holdings, LLC)

AutoNDA by SimpleDocs

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight ten (8) 10) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 7 contracts

Samples: Term Loan Credit Agreement (Ingram Micro Holding Corp), Term Loan Credit Agreement (Ingram Micro Holding Corp), Term Loan Credit Agreement (Performance Sports Group Ltd.)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche of a specific Type shall not be less than the Minimum Borrowing AmountAmount applicable thereto. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) ten Borrowings of LIBO Rate Term LIBOR Loans in (or such greater number of Borrowings of LIBOR Loans as may be agreed to from time to time by the aggregate for all Tranches of Term LoansAdministrative Agent).

Appears in 3 contracts

Samples: Abl Credit Agreement (CVR Refining, LP), Abl Credit Agreement (CVR Energy Inc), Abl Credit Agreement

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight ten (8) 10) Borrowings of LIBO Rate RateTerm Benchmark Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Ingram Micro Holding Corp), Term Loan Credit Agreement (Ingram Micro Holding Corp)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount; provided that any Mandatory RL Borrowings shall be made in the amounts required by Section 2.01(d). More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight ten (8) 10) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (OCI Partners LP)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any a respective Tranche shall not be less than the Minimum Borrowing AmountAmount applicable to such Tranche. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) six Borrowings of LIBO Rate Term LIBOR Loans in the aggregate for all Tranches of Term Loans.

Appears in 2 contracts

Samples: Credit Agreement (Radio One, Inc.), Credit Agreement (Duratek Inc)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any a respective Tranche shall not be less than the Minimum Borrowing AmountAmount applicable to such Tranche. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) 10 Borrowings of LIBO Rate Term LIBOR Loans in the aggregate for all Tranches of Term Loans.

Appears in 2 contracts

Samples: Credit Agreement (WESTMORELAND COAL Co), Credit Agreement (Leap Wireless International Inc)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of LIBO Rate RateTerm SOFR Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 1 contract

Samples: First Lien Term Loan Credit Agreement (VERRA MOBILITY Corp)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any a respective Tranche shall not be less than the Minimum Borrowing AmountAmount applicable to such Tranche. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of LIBO Rate Term LIBOR Loans in the aggregate for all Tranches of Term LoansLoans (or such greater number as may be acceptable to the Administrative Agent in its sole discretion).

Appears in 1 contract

Samples: Credit Agreement (Semtech Corp)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any a respective Tranche shall not be less than the Minimum Borrowing AmountAmount applicable to such Tranche. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) 1014 Borrowings of LIBO Rate Term LIBOR Loans in the aggregate for all Tranches of Term Loans.

Appears in 1 contract

Samples: Credit Agreement and Subsidiaries Guaranty (Leap Wireless International Inc)

AutoNDA by SimpleDocs

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight fifteen (8) 15) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Bway Intermediate Company, Inc.)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing AmountAmount or (x) in the case of a Borrowing of LIBO Rate Term Loans, a whole multiple of $1,000,000 in excess thereof and (y) in the case of a Borrowing of Base Rate Term Loans, a whole multiple of $100,000 in excess thereof. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of LIBO Rate Term Loans in the aggregate for all Tranches of Term Loans.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Kemet Corp)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any Tranche shall not be less than the Minimum Borrowing Amount (unless the amount available to be borrowed at the time of such Borrowing is less than the Minimum Borrowing Amount). More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) five Borrowings of LIBO Rate Term LIBOR Loans in the aggregate for all Tranches of Term Loans.

Appears in 1 contract

Samples: First Lien Credit and Guarantee Agreement (Janus International Group, Inc.)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any a respective Tranche shall not be less than the Minimum Borrowing AmountAmount applicable to such Tranche. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) Borrowings of LIBO Rate Term LIBOR Loans in the aggregate for all Tranches of Term LoansLoans (or such greater number as may be acceptable to the Administrative Agent in its sole discretion).

Appears in 1 contract

Samples: Credit Agreement (Lattice Semiconductor Corp)

Minimum Amount of Each Borrowing. The aggregate principal amount of each Borrowing of Term Loans under any a respective Tranche shall not be less than the Minimum Borrowing AmountAmount applicable to such Tranche. More than one Borrowing may occur on the same date, but at no time shall there be outstanding more than eight (8) 4 Borrowings of LIBO Rate Term LIBOR Loans in the aggregate for all Tranches of Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Global Cash Access Holdings, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!