Common use of Minimum Principal Amount of Tranches Clause in Contracts

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)

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

Appears in 1 contract

Samples: Credit Agreement (Cybex International 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 with respect to (i) with respect to 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 $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 (Dimon Inc)

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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 of the Loans thereof comprising any Tranche shall not be less than (ia) with respect to LIBOR Alternate Base Rate Loans, $1,000,000 or a whole multiple of $250,000 100,000 in excess thereof thereof, and (ii) with respect to Base LIBOR Rate Loans, $500,000 2,500,000 or a whole multiple of $100,000 in excess thereof.

Appears in 1 contract

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

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)

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