Common use of Ratable Loans; Types of Advances Clause in Contracts

Ratable Loans; Types of Advances. Each Advance hereunder shall consist of Tranche A Loans or Tranche B Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment. The Advances may be Floating Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9. Not more than fifteen Eurodollar Advances may be outstanding at any one time.

Appears in 1 contract

Samples: Assignment Agreement (FDX Corp)

AutoNDA by SimpleDocs

Ratable Loans; Types of Advances. Each Advance hereunder shall consist of Tranche A Loans or Tranche B Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment. The Advances may be Floating Alternate Base Rate Advances or Eurodollar Eurocurrency Advances, or a combination thereof, selected by the Borrower Borrowing Entities in accordance with Sections 2.8 2.3.5 and 2.9. Not 2.3.6; PROVIDED, HOWEVER, that there shall not be more than fifteen Eurodollar 12 Eurocurrency Advances may be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Interim Services Inc)

Ratable Loans; Types of Advances. Each Advance hereunder shall consist of Tranche A Loans or Tranche B Loans made from the several Lenders ratably in proportion to the ratio that their respective Revolving Commitments bear to the Aggregate Commitment. The Advances may be Floating Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9. Not more than fifteen Eurodollar Advances may be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Fedex Corp)

Ratable Loans; Types of Advances. Each Advance hereunder shall consist of Tranche A Loans or Tranche B Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment. The Advances may be Floating Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9. Not more than fifteen Eurodollar Advances may be outstanding at any one time.

Appears in 1 contract

Samples: Assignment Agreement (FDX Corp)

AutoNDA by SimpleDocs

Ratable Loans; Types of Advances. Each Advance hereunder shall consist of Tranche A Loans or Tranche B Loans made from the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment. The Advances Any Advance may be a Floating Rate Advances or Eurodollar Advances, Advance or a combination thereofEurodollar Advance, selected by as the Borrower shall select in accordance with Sections 2.8 SECTIONS 2.6 and 2.9. Not more than fifteen Eurodollar Advances may be outstanding at any one time2.7.

Appears in 1 contract

Samples: Credit Agreement (Omnicare Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.