Common use of Number and Amount of LIBOR Loans; Determination of Rate Clause in Contracts

Number and Amount of LIBOR Loans; Determination of Rate. Each Borrowing of LIBOR Loans when made shall be in a minimum amount of $1,000,000, plus any increment of $100,000 in excess thereof. No more than six Borrowings of LIBOR Loans may be outstanding at any time (or to the extent there has been an increase in the Revolver Commitments pursuant to Section 2.1.7, nine Borrowings), and all LIBOR Loans denominated in the same currency and having the same length and beginning date of their Interest Periods shall be aggregated together and considered one Borrowing for this purpose. Upon determining LIBOR for any Interest Period requested by Borrowers, Agent shall promptly notify Borrowers thereof by telephone or electronically and, if requested by Borrowers, shall confirm any telephonic notice in writing.

Appears in 4 contracts

Samples: Loan and Security Agreement (Commercial Vehicle Group, Inc.), Loan and Security Agreement (Commercial Vehicle Group, Inc.), Loan and Security Agreement (Commercial Vehicle Group, Inc.)

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Number and Amount of LIBOR Loans; Determination of Rate. Each Borrowing of LIBOR Loans when made shall be in a minimum amount of $1,000,000, plus any increment of $100,000 in excess thereof. No more than six Borrowings of LIBOR Loans may be outstanding at any time (or to the extent there has been an increase in the Revolver Commitments pursuant to Section 2.1.7, nine Borrowings), and all LIBOR Loans denominated in the same currency and having the same length and beginning date of their Interest Periods shall be aggregated together and considered one Borrowing for this purpose. Upon determining LIBOR for any Interest Period requested by Borrowers, Agent shall promptly notify Borrowers thereof by telephone or electronically and, if requested by Borrowers, shall confirm any telephonic notice in writing.. 58 NAI-1507796678v9

Appears in 1 contract

Samples: Loan and Security Agreement (Commercial Vehicle Group, Inc.)

Number and Amount of LIBOR Loans; Determination of Rate. Each Borrowing of LIBOR Loans when made shall be in a minimum amount of $1,000,000, plus any increment 5,000,000 (or the Dollar Equivalent thereof if such Borrowing is denominated in an Alternative Currency) and whole multiples of $100,000 1,000,000 (or the applicable Dollar Equivalent) in excess thereof. No more than six ten (10) Borrowings of LIBOR Loans may be outstanding at any time (or to the extent there has been an increase in the Revolver Commitments pursuant to Section 2.1.7, nine Borrowings)time, and all LIBOR Loans denominated in the same currency and having the same length and beginning date of their Interest Periods shall be aggregated together and considered one Borrowing for this purpose. Upon determining LIBOR for any Interest Period requested by Borrowers, Agent shall promptly notify Borrowers thereof by telephone or electronically and, if requested by Borrowers, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (American Vanguard Corp)

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Number and Amount of LIBOR Loans; Determination of Rate. Each Borrowing of LIBOR Loans when made shall be in a minimum amount of $1,000,000, plus any increment of $100,000 500,000 in excess thereof. No more than six Borrowings of LIBOR Loans may be outstanding at any time (or prior to the extent there has been an increase in initial Accordion Effective Date and not more than nine Borrowings of LIBOR Loans may be outstanding at any time after the Revolver Commitments pursuant to Section 2.1.7, nine Borrowings)initial Accordion Effective Date, and all LIBOR Loans denominated in the same currency and having the same length and beginning date of their Interest Periods shall be aggregated together and considered one Borrowing for this purpose. Upon determining LIBOR for any Interest Period requested by BorrowersBorrower, Agent shall promptly notify Borrowers Borrower thereof by telephone or electronically and, if requested by BorrowersBorrower, shall confirm any telephonic notice in writing.

Appears in 1 contract

Samples: Loan and Security Agreement (Leapfrog Enterprises Inc)

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