Borrowings and Conversions Sample Clauses
Borrowings and Conversions. Each borrowing of Base Rate Loans shall be in an aggregate minimum amount of $100,000 and integral multiples of $100,000 in excess thereof. Each borrowing and each Conversion of LIBOR Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount.
Borrowings and Conversions. Except as otherwise provided in Sections 2.4.(e) and 2.5(e), each borrowing of Base Rate Loans shall be in an aggregate minimum amount of $1,000,000.00 and integral multiples of $100,000.00 in excess thereof. Each borrowing of, Conversion to and Continuation of LIBOR Loans shall be in an aggregate minimum amount of $1,000,000.00 and integral multiples of $100,000.00 in excess of that amount.
Borrowings and Conversions. Except as otherwise provided in Sections 2.3(d) and 2.4(e), each borrowing of Base Rate Loans shall be in an aggregate minimum amount of $500,000 and integral multiples of $500,000 in excess thereof. Each borrowing, Conversion and Continuation of SOFR Loans shall be in an aggregate minimum amount of $500,000 and integral multiples of $500,000 in excess of that amount.
Borrowings and Conversions. Each borrowing of Base Rate Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess thereof. Each borrowing of Eurodollar Loans, and each Conversion of Loans to Eurodollar Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount.
Borrowings and Conversions. Base Rate Loans and RFR Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess thereof. Each Borrowing, Conversion and Continuation of Term Benchmark Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $1,000,000 in excess of that amount.
Borrowings and Conversions. Except as otherwise provided in Section 2.2.(e), each borrowing of Base Rate Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess thereof. Each borrowing, Conversion and Continuation of LIBOR Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $100,000 in excess of that amount.
Borrowings and Conversions. Except as otherwise provided in Section 2.2(e), each borrowing of Base Rate Loans shall be in an aggregate minimum amount of $1,000,000.00 and integral multiples of $100,000.00 in excess thereof. Each borrowing of, Conversion to and Continuation of RFR Loans shall be in an aggregate minimum amount of $2,000,000.00 and integral multiples of $100,000.00 (or, in the case of RFR Loans that are denominated in an Alternative Currency, an amount for which the Dollar Equivalent is not less than $2,000,000.00 or multiples of $100,000.00, respectively) in excess of that amount; provided that an RFR Loan denominated in an Alternative Currency may be continued for the same Interest Period or Converted to a different Interest Period in accordance with Section 2.8 in an amount equal to the same number of units of the relevant Currency for which such Loan was initially made regardless of whether the principal amount of such Loan as of such date of continuation or conversion is less than $2,000,000.00.
Borrowings and Conversions. Except as provided in Section 2.3(e), each borrowing of LIBOR Daily Loans and Base Rate Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $250,000 in excess thereof. Each borrowing and each Conversion of LIBOR Rate Loans shall be in an aggregate minimum amount of $1,000,000 and integral multiples of $500,000 in excess of that amount.
Borrowings and Conversions. For the initial Loan in any Borrowing Base Property Sub-Facility, each such borrowing of LIBOR Loans shall be in an aggregate minimum amount of $500,000. Each Conversion of LIBOR Loans shall be in an aggregate minimum amount of $500,000.
Borrowings and Conversions. (a) The Borrowers shall give the Administrative Agent (which shall promptly notify the Banks) notice (substantially in the form of Exhibit 2.2 hereto) of each borrowing of a Tranche A Loan and of each conversion of a loan of any Class from one Type of Loan to another hereunder. Each such notice shall be given on a Business Day and shall be irrevocable and effective only upon receipt by the Administrative Agent and shall specify (1) the aggregate amount (which shall be at least $200,000 in the case of a Tranche A Base Rate Loan and at least $1,000,000 in the case of a Tranche A Fixed Rate Loan) and date (which shall be a Business Day) of the Loan to be borrowed, (2) the Type of Loan to be borrowed, and (3) in the case of Fixed Rate Loans, the duration of the Interest Period therefor. Each such notice shall be given not later than 12:00 noon New York time on the day which is not less than the number of Business Days prior to the date of such borrowing or conversion specified below opposite the Type of such Loan: Type Business Days ---- ------------- Base Rate Loan 1 CD Loan 3 LIBOR Loan 3 Each notice of a borrowing which increases the aggregate principal amount of the Tranche A Loans outstanding shall be accompanied by a letter from the Borrowers setting forth the use of proceeds of the Loans requested in such notice. Notwithstanding anything herein to the contrary, no notice pursuant to this Section 2.2 shall be necessary upon the expiration of the Interest Period for a Fixed Rate Loan unless the Borrowers have requested a new Fixed Rate Loan with respect to the principal amount thereof; such Loans shall automatically be converted to Base Rate Loans.
(b) If an Event of Default shall have occurred and be continuing, (1) each Base Rate Loan shall remain a Base Rate Loan and may not be reborrowed as a Fixed Rate Loan; and (2) each Fixed Rate Loan shall remain a Fixed Rate Loan until the expiration of the Interest Period therefor at which time it shall automatically convert to a Base Rate Loan. Subject to clause (2) of the immediately preceding sentence, if an Event of Default shall have occurred and be continuing, the Borrowers shall not have the right to borrow Fixed Rate Loans.
(c) Not later than 12:00 noon New York time on the date specified for each borrowing hereunder, each Bank shall make available to the Administrative Agent at the Administrative Agent's Office the amount of the Loan to be made by it on such date in immediately available funds for the a...