Common use of Minimum Borrowing Amounts; Maximum Eurodollar Loans Clause in Contracts

Minimum Borrowing Amounts; Maximum Eurodollar Loans. Each Borrowing of U.S. Base Rate Loans shall be in an amount not less than $1,000,000 or such greater amount which is an integral multiple of $100,000. Each Borrowing of CAD Base Rate Loans shall be in an amount not less than CAD$1,000,000 or such greater amount which is an integral multiple of CAD$100,000. Each Borrowing of CAD CDOR Loans shall be in an amount not less than CAD$1,000,000 or such greater amount which is an integral multiple of $1,000,000. Each Borrowing of Eurodollar Loans advanced, continued or converted shall be in an amount equal to $1,000,000 or such greater amount which is an integral multiple of $1,000,000. Without the Administrative Agent’s consent, there shall not be more than ten (10) Borrowings of Eurodollar Loans outstanding hereunder and ten (10)

Appears in 3 contracts

Samples: Credit Agreement (Smucker J M Co), Credit Agreement (Smucker J M Co), Credit Agreement (Smucker J M Co)

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Minimum Borrowing Amounts; Maximum Eurodollar Loans. Each Borrowing of U.S. Base Rate Loans shall be in an amount not less than $1,000,000 or such greater amount which is an integral multiple of $100,000. Each Borrowing of CAD Base Rate Loans shall be in an amount not less than CAD$1,000,000 CAD $1,000,000 or such greater amount which is an integral multiple of CAD$100,000CAD $100,000. Each Borrowing of CAD CDOR Loans shall be in an amount not less than CAD$1,000,000 CAD $1,000,000 or such greater amount which is an integral multiple of $1,000,000. Each Borrowing of Eurodollar Loans advanced, continued or converted shall be in an amount equal to $1,000,000 or such greater amount which is an integral multiple of $1,000,000. Without the Administrative Agent’s consent, there shall not be more than ten (10) Borrowings of Eurodollar Loans outstanding hereunder and ten (10)) Borrowings of CAD CDOR Loans.

Appears in 1 contract

Samples: Credit Agreement (Smucker J M Co)

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