Common use of Selection of Libor Interest Periods Clause in Contracts

Selection of Libor Interest Periods. LIBOR Interest Periods shall be selected so that: (a) the minimum portion of the Loan subject to any LIBOR Pricing Option shall be $500,000 and an integral multiple of $100,000; (b) no more than 6 LIBOR Pricing Options shall be outstanding at any one time; (c) no LIBOR Interest Period with respect to any part of the Loan subject to a LIBOR Pricing Option shall expire later than the Final Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Ameripath Inc), Credit Agreement (Ameripath Inc)

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Selection of Libor Interest Periods. LIBOR Interest Periods shall be selected so that: (a) the minimum portion of the Loan subject to any LIBOR Pricing Option shall be $500,000 1,000,000 and an integral multiple of $100,000500,000; (b) no more than 6 six LIBOR Pricing Options shall be outstanding at any one time;; and (c) no LIBOR Interest Period with respect to any part of the Loan subject to a LIBOR Pricing Option shall expire later than the Final Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Booth Creek Ski Holdings Inc)

Selection of Libor Interest Periods. LIBOR Interest Periods shall be selected so that: (a) the minimum portion of the Loan subject to any LIBOR Pricing Option shall be $500,000 and an integral multiple of $100,000; (b) no more than 6 15 LIBOR Pricing Options shall be outstanding at any one time;; and (c) no LIBOR Interest Period with respect to any part of the Loan subject to a LIBOR Pricing Option shall expire later than the Final Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (American Biltrite Inc)

Selection of Libor Interest Periods. LIBOR Interest Periods shall be selected so that: (a) the minimum portion of the Revolving Loan subject to any LIBOR Pricing Option shall be $500,000 3,000,000 and an integral multiple of $100,000500,000; (b) no more than 6 20 LIBOR Pricing Options and Money Market Options shall be outstanding at any one time;; and (c) no LIBOR Interest Period with respect to any part of the Revolving Loan subject to a LIBOR Pricing Option shall expire later than the Final Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Buckeye Cellulose Corp)

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Selection of Libor Interest Periods. LIBOR Interest Periods shall be selected so that: (a) the minimum portion of the Loan subject to any LIBOR Pricing Option shall be $500,000 1,000,000 and an integral multiple of $100,000500,000; (b) no more than 6 10 LIBOR Pricing Options shall be outstanding at any one time; (c) no LIBOR Interest Period with respect a portion of each of Term Loan A and Term Loan B equal to any part or greater than the amount of the Loan next mandatory prepayment required by Section 4.2 shall not be subject to a LIBOR Pricing Option shall expire later than on the Final Maturity Date.date such mandatory prepayment is required to be made; and

Appears in 1 contract

Samples: Credit Agreement (Playcore Inc)

Selection of Libor Interest Periods. LIBOR Interest Periods shall be selected so that: (a) the minimum portion of the Loan subject to any LIBOR Pricing Option shall be $500,000 1,000,000 and an integral multiple of $100,000500,000; (b) no more than 6 three LIBOR Pricing Options shall be outstanding at any one time;; and (c) no LIBOR Interest Period with respect to any part of the Loan subject to a LIBOR Pricing Option shall expire later than the Final Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Ski Lifts Inc)

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