Common use of Type and Number of Advances Clause in Contracts

Type and Number of Advances. Any Advance under the Revolving Commitment may be a Base Rate Loan or a LIBOR Loan, or any combination thereof, as selected by Borrowers pursuant to Section 4 hereof. The total number of LIBOR Loans that may be outstanding at any time may never exceed six (6).

Type and Number of Advances. Any Advance under the Revolving Commitment may be a Base Rate Loan or a LIBOR Loan, or any combination thereof, as selected by Borrowers Borrower pursuant to Section 4 hereof. The total number of LIBOR Loans that may be outstanding at any time may never exceed six (6).