Common use of Borrowings and Conversions Clause in Contracts

Borrowings and Conversions. Each borrowing and each Conversion of a LIBOR Rate Loan shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000 in excess of that amount.

Appears in 1 contract

Sources: Loan Agreement (Grubb & Ellis Healthcare REIT, Inc.)

Borrowings and Conversions. Each borrowing Conversion and each Conversion Continuation of a LIBOR Rate Loan Loans shall be in an aggregate minimum amount of $500,000 and integral multiples of $100,000 500,000 in excess of that amount.

Appears in 1 contract

Sources: Term Loan Agreement (U-Store-It Trust)

Borrowings and Conversions. Each Except as provided in Section 2.3(e), each borrowing of LIBOR Daily Loans and each Conversion of a LIBOR Base Rate Loan Loans shall be in an aggregate minimum amount of $500,000 1,000,000 and integral multiples of $100,000 250,000 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.

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Columbia Property Trust, Inc.)