Advance Options. The Loan shall be constituted of Daily Pricing Advances, Eurodollar 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 Daily Pricing Advances and Eurodollar Advances shall not exceed 6 at any one time. Each Eurodollar Advance shall be in a minimum amount of $500,000 or in an integral multiple of $100,000 above such amount. Each Daily Pricing Advance and Reference Rate Advance shall be in an amount that is an integral multiple of $100,000. The Loans may not be made as, or converted into or continued as, Daily Pricing Advances after September 30, 1999.
Appears in 2 contracts
Sources: Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc)