Common use of Various Types of Loans Clause in Contracts

Various Types of Loans. Each Revolving Loan shall be, and the Term Loan may be divided into tranches which are, either Base Rate Loans or LIBOR Loans (each a “type” of Loan), as Representative shall specify in the related notice of borrowing or conversion pursuant to Section 2.5.2 or 2.5.3. 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 2 contracts

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

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Various Types of Loans. Each Revolving Loan or Contract Draw Loan, as applicable, shall be, and the Term Loan may be divided into tranches which are, either Base Rate Loans or LIBOR Loans (each a “type” of Loan), as Representative Borrower shall specify in the related notice of borrowing or conversion pursuant to Section 2.5.2 or 2.5.3. 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) five different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 2 contracts

Samples: Loan and Security Agreement (TPG Pace Holdings Corp.), Loan and Security Agreement (TPG Pace Holdings Corp.)

Various Types of Loans. Each Revolving Loan shall be, and the Term Loan may be divided into tranches which are, are either a Base Rate Loans Loan or a LIBOR Loans Loan (each a "type" of Loan), as Representative Borrower shall specify in the related notice of borrowing or conversion pursuant to Section 2.5.2 2.2.2 or 2.5.32.2.3. 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 (4) three different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Camping World Holdings, Inc.)

Various Types of Loans. Each Revolving Loan shall be, and the Term Loan may be divided into tranches which are, either a Base Rate Loans Loan or a LIBOR Loans Loan (each a "type" of Loan), as Representative Borrower shall specify in the related notice of borrowing or conversion pursuant to Section 2.5.2 2.2.2 or 2.5.32.2.3. 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 (43) different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Lifeway Foods, Inc.)

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Various Types of Loans. Each Revolving Loan shall be, and the Term Loan may be divided into tranches which are, either a Base Rate Loans Loan or a LIBOR Loans Loan (each a “type” of Loan), as Representative Borrowers shall specify in the related notice of borrowing or conversion pursuant to Section 2.5.2 2.2.2 or 2.5.32.2.3. 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 (4) different Groups of LIBOR Loans shall be outstanding at any one time.

Appears in 1 contract

Samples: Loan and Security Agreement (Kingsway Financial Services Inc)

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