Minimum and Maximum Amounts; Types. Each borrowing, conversion and prepayment of principal of Committed Loans shall be in an aggregate principal amount equal to (a) in the case of Eurodollar Loans, $5,000,000 or any larger multiple of $1,000,000, and (b) in the case of Base Rate Loans, at least $5,000,000, except that any borrowing of Committed Loans may be in the aggregate amount of the unused portion of the Commitments (borrowings, conversions or prepayments of Committed Loans of different Types or, in the case of Fixed Rate Loans, having different Interest Periods, at the same time hereunder to be deemed separate borrowings, conversions and prepayments for purposes of the foregoing, one for each Type or Interest Period). Notwithstanding anything to the contrary contained in this Agreement there shall not be, at any one time, more than ten Interest Periods in effect with respect to Fixed Rate Loans.
Appears in 3 contracts
Samples: Credit Agreement (RPM Inc/Oh/), Credit Agreement (RPM Inc/Oh/), Credit Agreement (RPM Inc/Oh/)
Minimum and Maximum Amounts; Types. Each borrowing, conversion and prepayment of principal of Committed Revolving Loans shall be in an aggregate principal amount equal to (a) in the case of Eurodollar Loans, $5,000,000 or any larger multiple of $1,000,000, (b) in the case of CD Loans, $10,000,000 or any larger multiple of $1,000,000, and (bc) in the case of Base Rate Loans, at least $5,000,000, except that any borrowing of Committed Revolving Loans may be in the aggregate amount of the unused portion of the Commitments (borrowings, conversions or prepayments of Committed Revolving Loans of different Types or, in the case of Fixed Rate Loans, having different Interest Periods, at the same time hereunder to be deemed separate borrowings, conversions and prepayments for purposes of the foregoing, one for each Type or Interest Period). Notwithstanding anything to the contrary contained in this Agreement there shall not be, at any one time, more than ten six Interest Periods in effect with respect to Fixed Rate Loans.
Appears in 2 contracts
Samples: Credit Agreement (RPM Inc/Oh/), Credit Agreement (RPM Inc/Oh/)