Number and Amount of LIBOR Loans; Determination of Rate. No more than 5 Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,000, or an increment of $1,000,000 in excess thereof. 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.
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Samples: Loan and Security Agreement (Cooper Tire & Rubber Co), Loan and Security Agreement (Cooper Tire & Rubber Co)
Number and Amount of LIBOR Loans; Determination of Rate. No more than 5 six Borrowings of LIBOR Loans may be outstanding at any time, and each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,000500,000, or an increment of $1,000,000 250,000 in excess thereof. Upon determining LIBOR for any Interest Period requested by Borrowers, Agent Lender shall promptly notify Borrowers thereof by telephone or electronically and, if requested by Borrowers, shall confirm any telephonic notice in writing.
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Number and Amount of LIBOR Loans; Determination of Rate. No more than 5 Borrowings of LIBOR Loans may be outstanding at any time, and each Each Borrowing of LIBOR Loans when made shall be in a minimum amount of $5,000,000, or an plus any increment of $1,000,000 in excess thereof. 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.
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