Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Loans shall be in an amount of not less than $2,000,000 and in an integral multiple of $100,000 in excess thereof.
Appears in 2 contracts
Samples: Credit Agreement (Seacor Holdings Inc /New/), Credit Agreement (Seacor Holdings Inc /New/)
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Eurocurrency Loans, as selected by the Borrower pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be in an amount of not less than $1,000,000 Dollars and each Borrowing of Eurodollar Loans shall be in an amount of not less than $2,000,000 1,000,000; each Borrowing of Eurocurrency Loans shall be in Dollars and shall be in an amount of not less than $5,000,000 and in an integral multiple of $100,000 in excess thereofthe Borrowing Multiple.
Appears in 2 contracts
Samples: Credit Agreement (Transocean Partners LLC), Credit Agreement (Transocean Partners LLC)
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Eurocurrency Loans, as selected by the Borrower pursuant to Section 2.3; provided, however, that any Borrowing funded in any Alternative Currency may only be outstanding as Eurocurrency Loans. Each Borrowing of Base Rate Loans shall be in Dollars and shall be in an amount of not less than $1,000,000 and 1,000,000; each Borrowing of Eurodollar Eurocurrency Loans shall be in an amount of not less than the Dollar Equivalent of $2,000,000 5,000,000 and in an integral multiple of $100,000 in excess thereofthe Borrowing Multiple.
Appears in 1 contract
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower Company (on behalf of any Borrower) pursuant to Section 2.3. Each Borrowing of Base Rate Loans that are Revolving Loans shall be made in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Loans that are Revolving Loans shall be made in an amount of not less than $2,000,000 5,000,000 and in an integral multiple of $100,000 in excess thereofthe Borrowing Multiple.
Appears in 1 contract
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Loans shall be in an amount of not less than $2,000,000 and in an integral multiple of $100,000 in excess thereof; provided, however, that if such Loans are Term A-2 Loans, each Borrowing of such Term A-2 Loans shall be in an amount of not less than $20,000,000.
Appears in 1 contract
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Eurocurrency Loans, as selected by the Borrower pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be in Dollars and shall be in an amount of not less than $1,000,000 and 1,000,000; each Borrowing of Eurodollar Eurocurrency Loans shall be in an amount of not less than the Dollar Equivalent of $2,000,000 5,000,000 and in an integral multiple of $100,000 in excess thereof.
Appears in 1 contract
Samples: Credit Agreement (Transocean Ltd.)
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower pursuant to Section 2.3Sections 2.4 and 2.5. All Borrowings advanced on the Initial Borrowing Date shall be advanced as Base Rate Loans. Each Borrowing of Base Rate Loans shall be in an a minimum amount of not less than $1,000,000 and each Borrowing of Eurodollar Loans shall be in an amount of not less than $2,000,000 and in an integral multiple incremental multiples of $100,000 in excess thereof500,000.
Appears in 1 contract
Types of Loans and Minimum Borrowing Amounts. Borrowings in respect of Loans the Term Loan may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Borrower pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Loans shall be in an amount of not less than $2,000,000 and in an integral multiple of $100,000 in excess thereof10,000,000.
Appears in 1 contract
Types of Loans and Minimum Borrowing Amounts. Borrowings of Loans -------------------------------------------- may be outstanding as either Base Rate Loans or Eurodollar Eurocurrency Loans, as selected by the Borrower pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Eurocurrency Loans shall be in an amount of not less than $2,000,000 5,000,000 and in an integral multiple of $100,000 in excess thereof100,000.
Appears in 1 contract