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 Borrower from among the interest rate Options set forth below. Subject to the provisions of this Agreement the 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 Euro-Rate Portion of the Loans. Each selection of a rate Option shall apply separately. The aggregate number of Funding Segments applicable to the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed eight.

Appears in 1 contract

Samples: Credit Agreement (Korn Ferry International)

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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 Borrower from among the interest rate Options options set forth below. Subject to the provisions of this Agreement the 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 CD Rate Portion or the Euro-Rate Portion of the Loans. Each selection of a rate Option shall apply separately. 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 eightfive.

Appears in 1 contract

Samples: Term Credit Agreement (Curtiss Wright Corp)

Optional Bases of Borrowing. The unpaid principal amount of the --------------------------- Revolving Credit Loans shall bear interest for each day until due on one or more bases selected by the Borrower from among the interest rate Options set forth below. Subject to the provisions of this Agreement Agreement, the Borrower may select different Options to apply simultaneously to different Portions of the Revolving Credit Loans and may select different Funding Segments to apply simultaneously to different parts of the Euro-Rate Portion of the Revolving Credit Loans. Each selection of a rate Option shall apply separately. The aggregate number of Funding Segments applicable to the Euro-Rate Portion of the Revolving Credit Loans at any time shall not exceed eightfive (5).

Appears in 1 contract

Samples: Omnibus Credit Facility Agreement (Black Box 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 Borrower from among the interest rate Options set forth below. Subject to the provisions of this Agreement the 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 CD Rate Portion or the Euro-Rate Portion of the Loans. Each selection of a rate Option shall apply separately. 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 eightfive.

Appears in 1 contract

Samples: Credit Agreement (Curtiss Wright Corp)

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