Common use of Classifications of Loans and Borrowings Clause in Contracts

Classifications of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g. “Revolving Loan”, “Tranche A Term Loan” or “Tranche B Term Loan”) or by Type (e.g. “Eurodollar Rate Loan” or “Base Rate Loan”) or by Class and Type (e.g. “Revolving Eurodollar Rate Loan” or “Term Base Rate Loan”). Borrowings also may be classified and referred to by Class (e.g. “Revolving Borrowing”) or by Type (e.g. “Base Rate Borrowing”) or by Class and Type (e.g. “Revolving Base Rate Borrowing”).

Appears in 2 contracts

Sources: Revolving Credit and Term Loan Agreement (Agree Realty Corp), Revolving Credit and Term Loan Agreement (Agree Realty Corp)

Classifications of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g. a “Revolving Loan”, “Tranche A Term Loan” or “Tranche B Term Loan”) or by Type (e.g. a Eurodollar LIBOR Index Rate Loan” or “Base Rate Loan”) or by Class and Type (e.g. “Revolving Eurodollar Rate Loan” or “Term Base LIBOR Index Rate Loan”). Borrowings also may be classified and referred to by Class (e.g. “Revolving Borrowing”) or by Type (e.g. “Base Rate Borrowing” or a “LIBOR Index Rate Borrowing”) or by Class and Type (e.g. “Revolving Base Rate Borrowing” or a “Revolving LIBOR Index Rate Borrowing”).

Appears in 2 contracts

Sources: Revolving Credit and Term Loan Agreement (PRGX Global, Inc.), Revolving Credit and Term Loan Agreement (PRGX Global, Inc.)

Classifications of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g. a “Revolving Loan”, “Tranche A Term Loan” or “Tranche B Term Loan”) or by Type (e.g. a “Eurodollar Loan”, a “LIBOR Index Rate Loan” or “Base Rate Loan”) or by Class and Type (e.g. “Revolving Eurodollar Rate Loan” or “Term Base Rate Loan”). Borrowings also may be classified and referred to by Class (e.g. “Revolving Borrowing”) or by Type (e.g. “Base Eurodollar Borrowing or a “LIBOR Index Rate Borrowing”) or by Class and Type (e.g. “Revolving Base Eurodollar Borrowing” or a “Revolving LIBOR Index Rate Borrowing”).

Appears in 2 contracts

Sources: Revolving Credit and Term Loan Agreement (Easylink Services International Corp), Revolving Credit and Term Loan Agreement (Easylink Services International Corp)