Common use of Restrictions on Advances Clause in Contracts

Restrictions on Advances. No Advance will be made unless it is a whole multiple of $1,000.00 and not less than $100,000.00 in the case of a Eurodollar Advance, or a whole multiple of $1,000.00 and not less than $50,000.00 in the case of a Base Rate Advance. No more than one Revolving Loan Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. Advances will only be made for the purposes permitted in Section 14.1. No Eurodollar Advance will be made so long as there is any Existing Default.

Appears in 3 contracts

Samples: Loan Agreement (Talx Corp), Loan Agreement (Talx Corp), Loan Agreement (Talx Corp)

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Restrictions on Advances. No Eurodollar Advance will be made unless it is at least $250,000, and, over that amount, unless it is a whole multiple of $100,000. No Base Rate Advance will be made unless it is a whole multiple of $1,000.00 100,000 and not less than at least $100,000.00 in the case of a Eurodollar Advance, or a whole multiple of $1,000.00 and not less than $50,000.00 in the case of a Base Rate Advance100,000. No more than one Revolving Loan Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. No more than one Swingline Advance will be made on any day. Advances will only be made for the purposes permitted in Section 14.113.1. No Eurodollar Advance will be made so long as there is any Existing Default.

Appears in 2 contracts

Samples: Credit Facilities Agreement (Young Innovations Inc), Credit Agreement (Young Innovations Inc)

Restrictions on Advances. No Advance will be made unless it is a whole multiple of $1,000.00 500,000 and not less than $100,000.00 1,000,000, in the case of a Eurodollar Advance, or a whole multiple of $1,000.00 10,000 and not less than $50,000.00 100,000, in the case of a Base Rate Advance. No more than one Revolving Loan Advance and no more than one Swingline Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. Advances will only be made for the purposes permitted in Section 14.112.1. No Eurodollar Advance will be made so long as there is any Existing Default.

Appears in 1 contract

Samples: Loan Agreement (Layne Christensen Co)

Restrictions on Advances. No Eurodollar Advance will be made unless it is at least $250,000, and, over that amount, unless it is a whole multiple of $100,000. No Base Rate Advance will be made unless it is a whole multiple of $1,000.00 100,000 and not less than at least $100,000.00 in the case of a Eurodollar Advance, or a whole multiple of $1,000.00 and not less than $50,000.00 in the case of a Base Rate Advance100,000. No more than one Revolving Loan Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. Advances will only be made for the purposes permitted in Section 14.1. No Eurodollar Advance will be made so long as there is any Existing Default.a

Appears in 1 contract

Samples: Credit Facilities Agreement (Young Innovations Inc)

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Restrictions on Advances. No Advance will be made unless it is a whole multiple of $1,000.00 500,000 and not less than $100,000.00 1,000,000, in the case of a Eurodollar Advance, or a whole multiple of $1,000.00 100,000 and not less than $50,000.00 500,000, in the case of a Base Rate Advance. No more than one Revolving Loan Advance and no more than one Swingline Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. Advances will only be made for the purposes permitted in Section 14.112.1. No Eurodollar Advance will be made so long as there is any Existing Default.

Appears in 1 contract

Samples: Loan Agreement (Angelica Corp /New/)

Restrictions on Advances. No Advance will be made unless it is a whole multiple of $1,000.00 100,000 and not less than $100,000.00 500,000, in the case of a Eurodollar Advance, or a whole multiple of $1,000.00 50,000 and not less than $50,000.00 50,000, in the case of a an Alternate Base Rate Advance. No more than one Revolving Loan Advance will be made on any one day pursuant to a request for a Revolving Loan Advance. Advances will only be made for the purposes permitted in Section 14.1. No Eurodollar Advance will be made so long as there is any Existing Default15.1.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Group Inc)

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