Terms Relating to the Making of Contract Advances. (a) Notwithstanding anything in Section 3.01 above to the contrary: (i) at no time shall more than twelve different Contract Borrowings be outstanding hereunder; (ii) each Contract Borrowing hereunder which is to be comprised of Base Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or such lesser amount as shall be equal to the total amount of the Available Commitments on such date, after giving effect to all other Contract Borrowings to be made to, or repaid or prepaid by, the relevant Borrower on such date; and (iii) each Contract Borrowing hereunder which is to be comprised of Eurodollar Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an increment of $1,000,000 in excess thereof. (b) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting such proposed Borrowing.
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Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities System)
Terms Relating to the Making of Contract Advances. (a) Notwithstanding anything in Section 3.01 above to the contrary:
(i) at no time shall more than twelve different Contract Borrowings be outstanding hereunder;
(ii) each Contract Borrowing hereunder which is to be comprised of Base Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 10,000,000 or an integral multiple of $1,000,000 in excess thereof, or such lesser amount as shall be equal to the total amount of the Available Commitments on such date, after giving effect to all other Contract Borrowings and all Competitive Borrowings to be made to, or repaid or prepaid by, the relevant Borrower on such date; and
(iii) each Contract Borrowing hereunder which is to be comprised of Eurodollar Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an increment of $1,000,000 in excess thereof10,000,000.
(b) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting such proposed Borrowing.
Appears in 4 contracts
Samples: Credit Agreement (Northeast Utilities System), Credit Agreement (Northeast Utilities), Credit Agreement (Northeast Utilities System)
Terms Relating to the Making of Contract Advances. (a) Notwithstanding anything in Section 3.01 above to the contrary:
(i) at no time shall more than twelve different Contract Borrowings be outstanding hereunder;
(ii) each Contract Borrowing hereunder which that is to be comprised of Base Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or such lesser amount as shall be equal to the total amount of the Available Commitments on such date, after giving effect to all other Contract Borrowings to be made to, or repaid or prepaid by, the relevant Borrower on such date; and
(iii) each Contract Borrowing hereunder which that is to be comprised of Eurodollar Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an increment of $1,000,000 in excess thereof.
(b) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting such proposed BorrowingBorrower.
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Terms Relating to the Making of Contract Advances. (a) Notwithstanding anything in Section 3.01 above to the contrary:
(i) at no time shall more than twelve different Contract Borrowings be outstanding hereunder;
(ii) each Contract Borrowing hereunder which is to be comprised of Base Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or such lesser amount as shall be equal to the total amount of the Available Commitments on such date, after giving effect to all other Contract Borrowings to be made to, or repaid or prepaid by, the relevant Borrower on such date; and
and (iii) each Contract Borrowing hereunder which is to be comprised of Eurodollar Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an increment of $1,000,000 in excess thereof.
(b) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting such proposed BorrowingBorrower.
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Terms Relating to the Making of Contract Advances. (a) Notwithstanding anything in Section 3.01 above to the contrary:
(i) : at no time shall more than twelve different Contract Borrowings be be
(i) outstanding hereunder;
(ii) each Contract Borrowing hereunder which is to be comprised of Base Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or such lesser amount as shall be equal to the total amount of the Available Commitments on such date, after giving effect to all other Contract Borrowings to be made to, or repaid or prepaid by, the relevant Borrower on such date; and
(iii) each Contract Borrowing hereunder which is to be comprised of Eurodollar Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an increment of $1,000,000 in excess thereof.
(b) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting such proposed Borrowing.
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Terms Relating to the Making of Contract Advances. (a) Notwithstanding anything in Section 3.01 above to the contrary:
(i) at no time shall more than twelve different Contract Borrowings be outstanding hereunder;
(ii) each Contract Borrowing hereunder which is to be comprised of Base Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or such lesser amount as shall be equal to the total amount of the Available Commitments on such date, after giving effect to all other Contract Borrowings to be made to, or repaid or prepaid by, the relevant Borrower on such date; and
(iii) each Contract Borrowing hereunder which is to be comprised of Eurodollar Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an increment of $1,000,000 in excess thereof.
(ba) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting such proposed BorrowingBorrower.
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Terms Relating to the Making of Contract Advances. (a) Notwithstanding anything in Section 3.01 above to the contrary:
(i) at no time shall more than twelve different Contract Borrowings be outstanding hereunder;
(ii) each Contract Borrowing hereunder which that is to be comprised of Base Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or such lesser amount as shall be equal to the total amount of the Available Commitments on such date, after giving effect to all other Contract Borrowings to be made to, or repaid or prepaid by, the relevant Borrower on such date; and
(iii) each Contract Borrowing hereunder which that is to be comprised of Eurodollar Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an increment of $1,000,000 in excess thereof.
(b) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting such proposed BorrowingBorrower.
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Terms Relating to the Making of Contract Advances. (a) Notwithstanding anything in Section 3.01 above to the contrary:
(i) at no time shall more than twelve different Contract Borrowings be outstanding hereunder;
(ii) each Contract Borrowing hereunder which is to be comprised of Base Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess thereof, or such lesser amount as shall be equal to the total amount of the Available Commitments on such date, after giving effect to all other Contract Borrowings to be made to, or repaid or prepaid by, the relevant Borrower on such date; and
(iii) each Contract Borrowing hereunder which is to be comprised of Eurodollar Rate Advances shall be in an aggregate principal amount of not less than $5,000,000 or an increment of $1,000,000 in excess thereof.
(b) Each Notice of Borrowing shall be irrevocable and binding on the Borrower requesting such proposed BorrowingBorrower.
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