Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of the 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 Loans comprising any Tranche shall not be less than (i) with respect to LIBOR Rate Loans, $1,000,000 or a whole multiple of $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 2 contracts
Samples: Credit Agreement (Sleepmaster LLC), Credit Agreement (Lower Road Associates LLC)
Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of the 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 (i) with respect to LIBOR Rate Loans, $1,000,000 5,000,000 or a whole multiple of $250,000 in excess thereof and (ii) with respect to Base Rate Loans, $500,000 or a whole multiple of $100,000 1,000,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Galey & Lord Inc), Credit Agreement (Advanced Glassfiber Yarus LLC)
Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of the 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 comprising any Tranche shall not be less than (i) with respect to LIBOR Rate Loans, $1,000,000 5,000,000 or a whole multiple of $250,000 in excess thereof and (ii) with respect to Base Rate Loans, $500,000 or a whole multiple of $100,000 1,000,000 in excess thereof.
Appears in 2 contracts
Samples: 364 Day Credit Agreement (Graybar Electric Co Inc), Credit Agreement (Graybar Electric Co Inc)
Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of the 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 comprising any Tranche shall not be less than (i) with respect to LIBOR Rate Loans$500,000, $1,000,000 or a whole multiple in the case of $250,000 in excess thereof and (ii) with respect to Base Rate Loans, $500,000 or a whole multiple and integral multiples in excess of $100,000 in excess thereof., and $500,000, in the case of LIBOR Rate Loans, and integral multiples of $100,000 in excess thereof
Appears in 1 contract
Samples: Credit Agreement (Farm Journal Corp)
Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of the Revolving Loans and Term Loans Loan 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 Loan comprising any Tranche shall not be less than (i) with respect to LIBOR Rate Loans, $1,000,000 5,000,000 or a whole multiple of $250,000 in excess thereof and (ii) with respect to Base Rate Loans, $500,000 or a whole multiple of $100,000 1,000,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Galey & Lord Inc)
Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of the 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 Loans comprising any Tranche shall not be less than (i) with respect to LIBOR Rate Loans, $1,000,000 or a whole multiple of $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 (Bassett Furniture Industries Inc)
