Common use of Optional Bases of Borrowing Clause in Contracts

Optional Bases of Borrowing. The unpaid principal amount of the Loans shall bear interest for each day until due on one or more bases selected by the applicable Borrower from among the interest rate Options set forth below. Subject to the provisions of this Agreement the Borrowers may select different options to apply simultaneously to different Portions of the Loans and may select different Funding Segments to apply simultaneously to different parts of the Euro-Rate Portion of the Loans. The aggregate number of Funding Segments applicable to the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed ten without the approval of the Agent.

Appears in 2 contracts

Samples: Short Term Credit Agreement (Curtiss Wright Corp), Credit Agreement (Curtiss Wright Corp)

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Optional Bases of Borrowing. The unpaid principal amount of the Loans shall bear interest for each day until due on one or more bases selected by the applicable Borrower from among the interest rate Options set forth below. Subject to the provisions of this Agreement the Borrowers applicable Borrower may select different options Options to apply simultaneously to different Portions of the its Loans and may select different Funding Segments to apply simultaneously to different parts of the Euro-Rate Portion of the such Loans. The aggregate number of Funding Segments applicable to the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed ten without the approval of the Agentsix.

Appears in 2 contracts

Samples: Short Term Revolving Credit Agreement (Exel LTD), Short Term Revolving Credit Agreement (Xl Capital LTD)

Optional Bases of Borrowing. The unpaid principal amount of the Loans shall bear interest for each day until due on one or more bases selected by the applicable Borrower from among the interest rate Options set forth below. Subject to the provisions of this Agreement Agreement, the Borrowers Borrower may select different options Options to apply simultaneously to different Portions of the Loans and may select different Funding Segments to apply simultaneously to different parts of the Euro-Rate Portion of the Loans. The aggregate number of Funding Segments applicable to the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed ten without the approval of the Agentsix (6).

Appears in 2 contracts

Samples: Short Term Credit Agreement (Black Box Corp), Credit Agreement (Black Box Corp)

Optional Bases of Borrowing. The unpaid principal amount of the Loans shall bear interest for each day until due on one or more bases selected by the applicable Borrower from among the interest rate Options options set forth below. Subject to the provisions of this Agreement the Borrowers Borrower may select different options to apply simultaneously to different Portions of the Loans and may select different Funding Segments to apply simultaneously to different parts of the CD Rate Portion or the Euro-Rate Portion of the Loans. The aggregate number of Funding Segments applicable to the CD Rate Portion and the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed ten without the approval of the Agentfive.

Appears in 1 contract

Samples: Short Term Credit Agreement (Curtiss Wright Corp)

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Optional Bases of Borrowing. The unpaid principal amount of the Loans shall bear interest for each day until due on one or more bases selected by the applicable Borrower from among the interest rate Options set forth below. Subject to the provisions of this Agreement the Borrowers Borrower may select different options Options to apply simultaneously to different Portions of the Loans and may select different Funding Segments to apply simultaneously to different parts of the Euro-Rate Portion of the Loans. The aggregate number of Funding Segments applicable to the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed ten without the approval of the Agentten.

Appears in 1 contract

Samples: Revolving Credit Agreement (Weis Markets Inc)

Optional Bases of Borrowing. The unpaid principal amount of the Loans shall bear interest for each day until due on one or more bases selected by the applicable Borrower from among the interest rate Options set forth below. Subject to the provisions of this Agreement Agreement, the Borrowers Borrower may select different options Options to apply simultaneously to different Portions of the Loans and may select different Funding Segments to apply simultaneously to different parts of the Euro-Rate Portion of the Loans. The aggregate number of Funding Segments applicable to the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed ten without the approval of the Agentfive (5).

Appears in 1 contract

Samples: Credit Agreement (Black Box Corp)

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