Types of Revolving Loans and Minimum Borrowing Amounts. Borrowings of Revolving Loans may be outstanding as either Base Rate Loans or Eurodollar Loans, as selected by the Company (on behalf of any Borrower) pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be made in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Loans shall be made in an amount of not less than $5,000,000 and in an integral multiple of the Borrowing Multiple.
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Samples: Revolving Credit Agreement (Noble Corp), Revolving Credit Agreement (Noble Corp)
Types of Revolving Loans and Minimum Borrowing Amounts. Borrowings of Revolving Loans may be outstanding as either Base Rate Revolving Loans or Eurodollar Revolving Loans, as selected by the Company (on behalf of any Borrower) applicable Borrower pursuant to Section 2.3. Each Borrowing of Base Rate Revolving Loans shall be made in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Revolving Loans shall be made in an amount of not less than $5,000,000 2,000,000 and in an integral multiple of the Borrowing Multiple$100,000 in excess thereof.
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Samples: Senior Secured Revolving Credit Agreement (Paragon Offshore Ltd.), Senior Secured Revolving Credit Agreement (Noble Corp PLC)
Types of Revolving Loans and Minimum Borrowing Amounts. Borrowings of Revolving Loans may be outstanding as either Base Rate Loans or Eurodollar Eurocurrency Loans, as selected by the Company (on behalf of any Borrower) pursuant to Section 2.3. Each Borrowing of Base Rate Loans shall be made in an amount of not less than $1,000,000 and each Borrowing of Eurodollar Eurocurrency Loans shall be made in an amount of not less than $5,000,000 and in an integral multiple of the Borrowing Multiple.
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