Common use of Various Types of Loans Clause in Contracts

Various Types of Loans. Each Revolving Loan shall be either Base Rate Loans or LIBOR Loans (each a “type” of Loan), as Borrowers shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 or 2.3.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups.” Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 4 contracts

Samples: Loan and Security Agreement (Westmoreland Resource Partners, LP), Loan and Security Agreement (WESTMORELAND COAL Co), Loan and Security Agreement (WESTMORELAND COAL Co)

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Various Types of Loans. Each Revolving Loan shall be divided into tranches which are, either a Base Rate Loans Loan or a LIBOR Loans Loan (each a “type” of Loan), as Borrowers Borrower shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 2.2.2 or 2.3.32.2.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups.” Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four three (3) different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Mattersight Corp)

Various Types of Loans. Each Revolving Loan shall be, and may be divided into tranches which are, either a Base Rate Loans Loan or a LIBOR Loans Loan (each a "type" of Loan), as Borrowers the Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 2.2.2 or 2.3.32.2.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a "Group" or collectively "Groups.” ". Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four five (5) different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Meadowbrook Insurance Group Inc)

Various Types of Loans. Each Revolving Loan shall be divided into tranches which are, either a Base Rate Loans Loan or a LIBOR Loans Loan (each a “type” of Loan), as Borrowers the Borrower Representative shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 2.2.2 or 2.3.32.2.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups.” ”. Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four five (5) different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Credit Agreement (Westell Technologies Inc)

Various Types of Loans. Each Revolving Loan shall be divided into tranches which are, either Base Rate Loans or LIBOR Loans (each a “type” of Loan), as Borrowers Representative shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 2.5.2 or 2.3.32.5.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups.” Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four (4) different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Lawson Products Inc/New/De/)

Various Types of Loans. Each Revolving Loan shall be divided into tranches which are either Base Rate Loans or LIBOR Loans (each a “type” of Loan), as Borrowers the Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 2.2.2 or 2.3.32.2.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups.” ”. Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four fifteen different Groups of LIBOR Loans shall be outstanding at any one time.. All

Appears in 1 contract

Samples: Credit Agreement (Huron Consulting Group Inc.)

Various Types of Loans. Each Revolving Loan shall be divided into tranches which are, either Base Rate Loans or LIBOR Loans (each a “type” of Loan), as Borrowers shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 Sections 2.2.2 or 2.3.32.2.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups.” Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four five different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Broadwind Energy, Inc.)

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Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loans Loan or a LIBOR Loans Loan (each a “type” of Loan), as Borrowers any Borrower shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 2.2.2 or 2.3.32.2.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups.” ”. Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four three different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Lifeway Foods Inc)

Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loans Loan or a LIBOR Loans Loan (each a “type” of Loan), as Borrowers shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 2.4.2 or 2.3.32.4.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a “Group” or collectively “Groups.” Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four (4) different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Manitex International, Inc.)

Various Types of Loans. Each Revolving Loan shall be divided into tranches which are, either Base Rate Loans or LIBOR Loans (each a "type" of Loan), as Borrowers Borrower shall specify in the related notice of borrowing or conversion pursuant to Section 2.3.2 2.2.2 or 2.3.32.2.3. LIBOR Loans having the same Interest Period which expire on the same day are sometimes called a "Group" or collectively "Groups." Base Rate Loans and LIBOR Loans may be outstanding at the same time, provided that not more than four five different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Broadwind Energy, Inc.)

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