Common use of Minimum Amounts of Sets Clause in Contracts

Minimum Amounts of Sets. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Eurocurrency Loans comprising each Set shall be equal to $5.0 million or a whole multiple of $1.0 million in excess thereof, and the aggregate principal amount of the Eurocurrency Loans outstanding in Canadian Dollars, Bankers’ Acceptances and BA Equivalent Loans comprising each Set shall be equal to Cdn$5.0 million or a whole multiple of Cdn$1.0 million in excess thereof and so that there shall not be more than 15 Sets at any one time outstanding.

Appears in 4 contracts

Samples: Abl Credit Agreement (Hd Supply, Inc.), Abl Credit Agreement (Hd Supply, Inc.), Abl Credit Agreement (Hd Supply, Inc.)

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Minimum Amounts of Sets. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Eurocurrency Loans outstanding in Dollars comprising each Set shall be equal to $5.0 million 5,000,000 or a whole multiple of $1.0 million 1,000,000 in excess thereof, and the Dollar Equivalent of the aggregate principal amount of the Eurocurrency Loans outstanding in Canadian Dollarsany Designated Foreign Currency, Bankers’ Acceptances and BA Equivalent Loans comprising each Set shall be equal to Cdn$5.0 million Cdn$5,000,000 or a whole multiple of Cdn$1.0 million Cdn$1,000,000 in excess thereof and so that there shall not be more than 15 12 Sets at any one time outstanding.

Appears in 1 contract

Samples: Credit Agreement (New Sally Holdings, Inc.)

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