Common use of Selection of Eurodollar Interest Periods Clause in Contracts

Selection of Eurodollar Interest Periods. Eurodollar Interest Periods shall be selected so that: (a) the minimum portion of the Loan subject to any Eurodollar Pricing Option shall be $5,000,000; (b) no more than six Eurodollar Pricing Options shall be outstanding at any one time; (c) a portion of the Term Loan equal to or greater than the amount of the next mandatory prepayment required by Section 4.2 shall not be subject to a Eurodollar Pricing Option on the date such mandatory prepayment is required to be made; and (d) no Eurodollar Interest Period with respect to any part of the Loan subject to a Eurodollar Pricing Option shall expire later than the Final Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Racing Champions Corp)

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Selection of Eurodollar Interest Periods. Eurodollar ---------------------------------------- Interest Periods shall be selected so that: (a1) the minimum portion of the Loan subject to any Eurodollar Pricing Option shall be $5,000,000500,000 and an integral multiple of $100,000; (b2) no more than six 12 Eurodollar Pricing Options shall be outstanding at any one time; (c3) a portion of the Term Loan equal to or greater than the amount of the next mandatory prepayment required by Section 4.2 shall not be subject to a Eurodollar Pricing Option on the date such mandatory prepayment is required to be made; and (d4) no Eurodollar Interest Period with respect to any part of the Loan subject to a Eurodollar Pricing Option shall expire later than the Final Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

Selection of Eurodollar Interest Periods. Eurodollar Interest ---------------------------------------- Periods shall be selected so that: (a) the minimum portion of the Loan subject to any Eurodollar Pricing Option shall be $5,000,000500,000 and an integral multiple of $100,000; (b) no more than six 12 Eurodollar Pricing Options shall be outstanding at any one time; (c) a portion of the Term Loan equal to or greater than the amount of the next mandatory prepayment required by Section 4.2 shall not be subject to a Eurodollar Pricing Option on the date such mandatory prepayment is required to be made; and (d) no Eurodollar Interest Period with respect to any part of the Loan subject to a Eurodollar Pricing Option shall expire later than the Final Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Sba Communications Corp)

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Selection of Eurodollar Interest Periods. Eurodollar Interest Periods shall be selected so that: (a) the minimum portion of the Loan subject to any Eurodollar Pricing Option shall be $5,000,0001,000,000 and an integral multiple of $500,000; (b) no more than six ten Eurodollar Pricing Options shall be outstanding at any one time; (c) a portion no Eurodollar Interest Period with respect to any part of the Term Revolving Loan equal to or greater than the amount of the next mandatory prepayment required by Section 4.2 shall not be subject to a Eurodollar Pricing Option on shall expire later than the date such mandatory prepayment is required to be madeFinal Maturity Date; and (d) no Eurodollar Interest Period with respect to any part of the Term Loan subject to a Eurodollar Pricing Option shall expire later than the Final Term Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Transmontaigne Inc)

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