Common use of Minimum Amounts of Tranches Clause in Contracts

Minimum Amounts of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans and Term 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 Revolving Credit Loans and Term Loans comprising each LIBOR Tranche shall be equal to $10,000,000 or a whole multiple of $1,000,000 in excess thereof. In no event shall there be more than five LIBOR Tranches outstanding at any time.

Appears in 4 contracts

Samples: Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc)

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Minimum Amounts of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans and Term 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 Revolving Credit Loans and Term Loans comprising each LIBOR Tranche shall be equal to a Dollar Amount (determined as of the most recent Revaluation Date) of at least $10,000,000 or 5,000,000 and, solely with respect to Loans denominated in Dollars, in a whole multiple of $1,000,000 in excess thereof. In no event shall there be more than five LIBOR Tranches outstanding at any time1,000,000.

Appears in 3 contracts

Samples: Credit Agreement (Western Union CO), Credit Agreement (Western Union CO), Credit Agreement (Western Union CO)

Minimum Amounts of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans and Term 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 Revolving Credit Loans and Term Loans comprising each LIBOR Tranche shall be equal to $10,000,000 or a whole multiple of $1,000,000 in excess thereof. In no event shall there be more than five ten LIBOR Tranches outstanding at any time.

Appears in 3 contracts

Samples: Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc)

Minimum Amounts of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans and Term LIBOR 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 Revolving Credit Loans and Term LIBOR Loans comprising each LIBOR Tranche shall be equal to $10,000,000 3,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof. In no event thereof and, in any case, there shall there not be more than five LIBOR Tranches outstanding at any time8 Tranches.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Quiksilver Inc), Revolving Credit and Term Loan Agreement (Quiksilver Inc)

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Minimum Amounts of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans and Term 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 Revolving Credit Loans and Term Loans comprising each LIBOR Tranche shall be equal to $10,000,000 or a whole multiple of CREDIT AGREEMENT $1,000,000 in excess thereof. In no event shall there be more than five LIBOR Tranches outstanding at any time.

Appears in 1 contract

Samples: Credit Agreement (Mastercard Inc)

Minimum Amounts of Tranches. All borrowings, conversions and continuations of Revolving Credit Loans and Term LIBOR 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 Revolving Credit Loans and Term LIBOR Loans comprising each LIBOR Tranche shall be equal to $10,000,000 2,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof. In no event thereof and, in any case, there shall there not be more than five LIBOR Tranches outstanding at any time8 Tranches.

Appears in 1 contract

Samples: Revolving Credit Agreement (Quiksilver Inc)

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