Common use of Minimum Principal Amount of Tranches Clause in Contracts

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans 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 Loans comprising any Tranche shall not be less than $3,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 3 contracts

Samples: Credit Agreement (International Speedway Corp), Credit Agreement (International Speedway Corp), Credit Agreement (International Speedway Corp)

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Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans (other than mandatory prepayments) 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 Loans thereof comprising any Tranche shall not be less than $3,000,000 1,000,000 or a whole multiple of $1,000,000 100,000 in excess thereof.

Appears in 3 contracts

Samples: Credit Agreement (Consolidated Graphics Inc /Tx/), Credit Agreement (Consolidated Graphics Inc /Tx/), Credit Agreement (Consolidated Graphics Inc /Tx/)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans 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 Loans comprising shall be (a) with respect to the aggregate amount of Alternate Base Rate Loans, $1,000,000 or a whole multiple of $500,000 in excess thereof and (b) with respect to any Tranche shall not be less than of LIBOR Rate Loans, $3,000,000 5,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (West Corp), Credit Agreement (West Corp)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans and Term Loans 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 Loans and Term Loans comprising any Tranche shall not be less than $3,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (BGF Industries Inc), Credit Agreement (Dan River Inc /Ga/)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans 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 Loans comprising any Tranche shall not be less than $3,000,000 2,500,000 or a whole multiple of $1,000,000 500,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (Florida Rock Industries Inc), Credit Agreement (Florida Rock Industries Inc)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans 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 Loans comprising any Tranche shall not be less than (a) with respect to Alternate Base Rate Loans, $3,000,000 1,000,000 or a whole multiple of $500,000 in excess thereof and (b) with respect to LIBOR Rate Loans, $2,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (Louisiana-Pacific Corp), Credit Agreement (Intermagnetics General Corp)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Committed Rate Loans 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 Committed Rate Loans comprising any Tranche shall not be less than $3,000,000 50,000,000 or a whole multiple of $1,000,000 5,000,000 in excess thereof.

Appears in 2 contracts

Samples: Credit Agreement (Wyeth), Credit Agreement (Wyeth)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans 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 Loans comprising any Tranche shall not be less than (a) with respect to Alternate Base Rate Loans, $3,000,000 500,000 or a whole multiple of $500,000 in excess thereof, and (b) with respect to LIBOR Rate Loans, $1,000,000 or a whole multiple of $500,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Stec, Inc.)

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Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans 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 Loans comprising any Tranche shall not be less than with respect to Fixed LIBOR Rate Loans, $3,000,000 250,000 or a whole multiple of $1,000,000 250,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Sunair Electronics Inc)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving the Loans 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 Loans comprising any Tranche shall not be less than (i) with respect to LIBOR Rate Loans, $3,000,000 1,000,000 or a whole multiple of $1,000,000 250,000 in excess thereof and (ii) with respect to Base Rate Loans, $500,000 or a whole multiple of $100,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Lower Road Associates LLC)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving the Loans 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 Loans comprising any Tranche shall not be less than with respect to (i) LIBOR Rate Loans, $3,000,000 or a whole multiple of $1,000,000 in excess thereof and (ii) Alternate Base Rate Loans, $1,000,000 or a whole multiple of $500,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Dimon Inc)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments pre-payments in respect of Revolving Committed Rate Loans 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 Committed Rate Loans comprising any Tranche shall not be less than $3,000,000 10,000,000 or a whole multiple of $1,000,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Wyeth)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans and Term Loans 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 Loans and Term Loans comprising any Tranche shall not be less than $3,000,000 2,000,000 or a whole multiple of $1,000,000 500,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Right Management Consultants Inc)

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