Common use of Various Types of Loans Clause in Contracts

Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loan or a Eurodollar Loan, and each Term Loan may be divided into one or more tranches which are either Base Rate Loans or Eurodollar Loans, as the Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; provided that (i) not more than 18 different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be $1,000,000 or a higher integral multiple of $100,000. All borrowings, conversions and repayments of Loans shall be effected so that each Revolving Lender will have a pro rata share (according to its Revolving Percentage) of all Types and Groups of Revolving Loans, and all borrowings, conversions and repayments of Term Loans shall be effected so that each Term Lender will have a pro rata share (according to its Term Percentage) of all Types and Groups of tranches of Term Loans.

Appears in 1 contract

Samples: Credit Agreement (American Italian Pasta Co)

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Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loan or a Eurodollar Eurocurrency Loan, and each Term Loan may be divided into one or more tranches which are either Base Rate Loans or Eurodollar Loans, as the Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 Section2.2.2 or 2.2.3. Eurodollar Eurocurrency Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Eurocurrency Loans may be outstanding at the same time; provided that (i) not more than 18 different Groups of Eurodollar Eurocurrency Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Eurocurrency Loans shall at all times be a Dollar Equivalent of at least $1,000,000 or a higher and an integral multiple of $100,000100,000 units of the applicable currency. All borrowings, conversions and repayments of Loans shall be effected so that each Revolving Lender will have a pro rata share (according to its Revolving Percentage) of all Types and Groups of Revolving Loans, and all borrowings, conversions and repayments of Term Loans shall be effected so that each Term Lender will have a pro rata share (according to its Term Percentage) of all Types and Groups of tranches of Term Loans.

Appears in 1 contract

Samples: Credit Agreement (American Italian Pasta Co)

Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loan or a Eurodollar Loanbe, and each Term Loan may be divided into one or more tranches which are are, either a Base Rate Loans Loan or a Eurodollar LoansLoan (each a “type” of Loan), as the Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.2or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; provided that (i) not more than 18 six different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $1,000,000 or a higher and an integral multiple of $100,000500,000. All borrowings, conversions and repayments of Loans shall be effected so that each Revolving Lender will have a pro rata share (according to its Revolving Percentage) of all Types types and Groups of Revolving Loans, and all borrowings, conversions and repayments of Term Loans shall be effected so that each Term A Lender will have a pro rata share (according to its Term A Percentage) of all Types types and Groups of tranches of the Term A Loans and each Term B Lender will have a pro rata share (according to its Term B Percentage) of all types and Groups of tranches of the Term B Loans.. 2.2.2

Appears in 1 contract

Samples: Credit Agreement (Middleby Corp)

Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loan or a Eurodollar Loanbe, and each Term Loan may be divided into one or more tranches which are are, either a Base Rate Loans Loan or a Eurodollar LoansLoan (each a "type" of Loan), as the Company applicable Borrower shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; , provided that (i) not more than 18 ten different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be $1,000,000 or a higher integral multiple of $100,000time. All borrowings, conversions and repayments of Loans in each Facility shall be effected so that each Revolving Lender holding Loans in such Facility will have a pro rata share (according to its Revolving applicable Percentage) of all Types types and Groups of Loans constituting such Facility. Each Revolving Loans, Loan and all borrowings, conversions and repayments of Term Loans Loan shall be effected so that each Term Lender will have a pro rata share (according to its Term Percentage) of all Types and Groups of tranches of Term LoansBase Rate Loan on the Closing Date.

Appears in 1 contract

Samples: Confirmation Credit Agreement (Tokheim Corp)

Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loan or a Eurodollar Loanbe, and each Term Loan may be divided into one or more tranches which are are, either a Base Rate Loans Loan or a Eurodollar LoansLoan (each a "type" of Loan), as the Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; provided that (i) not more than 18 10 different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $1,000,000 or a higher and an integral multiple of $100,000500,000. All borrowings, conversions and repayments of Loans shall be effected so that each Revolving Lender will have a pro rata share (according to its Revolving Percentage) of all Types types and Groups of Revolving Loans, Loans and all borrowings, conversions and repayments of Term Loans shall be effected so that each Term Lender will have a pro rata share (according to its Term Percentage) of all Types types and Groups of tranches of the Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Middleby Corp)

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Various Types of Loans. Each Revolving Loan and each Term Loan shall be divided into tranches that are either a Base Rate Loan or a Eurodollar Loan (each a “type” of Loan, and each Term Loan may be divided into one or more tranches which are either Base Rate Loans or Eurodollar Loans), as the Company Borrower shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; provided that (i) not more than 18 eight different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be $1,000,000 or a higher integral multiple of $100,000time. All borrowings, conversions and repayments of Loans shall be effected so that (i) each Revolving Lender will have a pro rata share (according to its Revolving Percentage) of all Types types and Groups of Revolving Loans, Loans and all borrowings, conversions and repayments of Term Loans shall be effected so that (ii) each Term Lender will have a pro rata share (according to its Term Percentage) of all Types types and Groups of tranches of Term Loans.

Appears in 1 contract

Samples: Credit Agreement (Patriot National, Inc.)

Various Types of Loans. Each Revolving Loan shall be either a Base Rate Loan or a Eurodollar Loanbe, and each Term Loan may be divided into one or more tranches which are are, either a Base Rate Loans Loan or a Eurodollar LoansLoan (each a “type” of Loan), as the Company shall specify in the related notice of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. Eurodollar Loans having the same Interest Period are sometimes called a "Group" or collectively "Groups". Base Rate Loans and Eurodollar Loans may be outstanding at the same time; provided that (i) not more than 18 six different Groups of Eurodollar Loans shall be outstanding at any one time and (ii) the aggregate principal amount of each Group of Eurodollar Loans shall at all times be at least $1,000,000 or a higher and an integral multiple of $100,000500,000. All borrowings, conversions and repayments of Loans shall be effected so that each Revolving Lender will have a pro rata share (according to its Revolving Percentage) of all Types types and Groups of Revolving Loans, and all borrowings, conversions and repayments of Term Loans shall be effected so that each Term A Lender will have a pro rata share (according to its Term A Percentage) of all Types types and Groups of tranches of the Term A Loans and each Term B Lender will have a pro rata share (according to its Term B Percentage) of all types and Groups of tranches of Term B Loans.. 2.2.2

Appears in 1 contract

Samples: Credit Agreement (Middleby Corp)

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