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 and Term 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 thereof comprising any Tranche shall not be less than (a) with respect to Alternate Base Rate Loans, $1,000,000 or a whole multiple of $100,000 in excess thereof, and (ii) with respect to LIBOR Rate Loans, $2,500,000 or a whole multiple of $100,000 in excess thereof.

Appears in 1 contract

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

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Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of Revolving Loans and the Term Loans (other than mandatory prepayments) Loan shall be in such amounts and be made pursuant to such elections so that after giving effect thereto the aggregate principal amount thereof of the Revolving Loans and the Term Loan comprising any Tranche shall not be less than (ai) with respect to Alternate Base LIBOR Rate Loans, $1,000,000 or a whole multiple of $100,000 500,000 in excess thereof, thereof and (ii) with respect to LIBOR Base Rate Loans, $2,500,000 500,000 in the aggregate or a whole multiple of $100,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (TTM Technologies Inc)

Minimum Principal Amount of Tranches. All borrowings, payments and prepayments in respect of the Revolving Loans and Term 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 thereof of the Revolving Loans comprising any Tranche shall not be less than (a) 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 $100,000 in excess thereof, and (ii) with respect to LIBOR Rate Loans, $2,500,000 or a whole multiple of $100,000 500,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Dimon Inc)

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Minimum Principal Amount of Tranches. All borrowings, payments and voluntary prepayments in respect of Revolving Loans and Term 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 thereof of the Revolving Loans comprising any Tranche shall not be less than (a) with respect to Alternate $500,000, in the case of Base Rate Loans, $1,000,000 or a whole multiple Loans and integral multiples of $100,000 in excess thereof, and (ii) with respect to $1,000,000, in the case of LIBOR Rate Loans, $2,500,000 or a whole multiple and integral multiples of $100,000 in excess thereof.

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

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