Common use of Advance Options Clause in Contracts

Advance Options. The Loan shall be constituted of Eurodollar Advances, Daily Rate Advances and Reference Rate Advances, as shall be selected by the Borrower, except as otherwise provided herein. Any combination of types of Advances may be outstanding at the same time. Each Eurodollar Advance shall be in a minimum amount of $1,000,000 or in an integral multiple of $500,000 above such amount. Each Daily Rate Advance and each Reference Rate Advance shall be in an amount of $100,000 or an integral multiple of $10,000 in excess thereof.

Advance Options. The Loan Term Loans shall be constituted consist of Eurodollar Advances, Daily Rate Advances and Reference Rate Advances, as shall be selected by the Borrower, except as otherwise provided herein. Any combination of types of Advances may be outstanding at the same time, except that the total number of outstanding Eurodollar Advances shall not exceed three (3) at any one time. Each Eurodollar Advance shall be in a minimum amount of $1,000,000 or in an integral multiple of $500,000 above such amount1,000,000. Each Daily Rate Advance and each Reference Rate Advance shall be in an a minimum amount of $100,000 or an integral multiple of $10,000 in excess thereof500,000.

Advance Options. The Loan shall be constituted of Eurodollar Advances, Daily Rate Advances and Reference Rate Advances, as shall be selected by the Borrower, except as otherwise provided herein. Any combination of types of Advances may be outstanding at the same time, except that the total of outstanding Eurodollar Advances shall not exceed 6 at any one time. Each Eurodollar Advance shall be in a minimum amount of $1,000,000 300,000 or in an integral multiple of $500,000 100,000 above such amount. Each Daily Rate Advance and each Reference Rate Advance Advances shall be in an amount of $100,000 or that is an integral multiple of $10,000 in excess thereof10,000.