Interest Periods and Minimum Amounts Sample Clauses

The 'Interest Periods and Minimum Amounts' clause defines the specific time frames over which interest accrues on borrowed amounts and sets the minimum thresholds for loan drawdowns or repayments. Typically, it outlines how long each interest period lasts—such as one, three, or six months—and stipulates the smallest amount that can be borrowed or repaid at any one time. This clause ensures administrative efficiency and predictability for both lender and borrower by standardizing payment intervals and preventing the processing of impractically small transactions.
Interest Periods and Minimum Amounts. Notwithstanding anything herein to the contrary, (i) all Interest Periods applicable to Euro-Dollar Rate Loans, CDOR Rate Loans and Bid Loans shall comply with the definition of “Interest Period,” and (ii) there may be no more than ten different Interest Periods for all Euro-Dollar Rate Loans, CDOR Rate Loans and Bid Loans outstanding at any one time. For purposes of the foregoing clause (ii), Interest Periods applicable to Loans of different Types shall constitute different Interest Periods even if they are coterminous.
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Interest Periods and Minimum Amounts. 15 (c) Continuation/Conversion ......................................................... 15 (d) Computations .................................................................... 16 (e) Maximum Lawful Rate of Interest ................................................. 17 Section 2.4 Fees ............................................................................ 17 (a) Fees ............................................................................ 17 (b) Fees Non-Refundable ............................................................. 17 Section 2.5 Increase, Termination and Reduction of Commitments .............................. 17 Section 2.6 Repurchase ...................................................................... 20 (a)
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Interest Periods and Minimum Amounts. Notwithstanding anything herein to the contrary, (i) all Interest Periods applicable to Euro-Dollar Rate Notes shall comply with the definition of "Interest Period," (ii) there may be no more than 15 different Interest Periods for all Euro-Dollar Rate Notes outstanding at the same time, (iii) Euro-Dollar Rate Notes with the same Interest Period outstanding at any time shall be in an aggregate amount at least equal to (x) in the case of Notes issued by the Company to pay interest, Fees and other amounts payable pursuant to Section 2.2(a)(ii), in such aggregate amount of such interest, Fees or other amount payable; (y) in the case of Notes issued by the Company to make payments due under the Nortel Supply Agreement pursuant to Section 2.2(a)(i), in such aggregate amount greater than [***] as is equal to the amount of the related invoice under the Nortel Supply Agreement; or (z) in all other cases, $2,000,000 and in an integral multiple of $1,000,000 and (iv) Base Rate Notes outstanding at any time shall be in an aggregate amount at least equal to $1,000,000.
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Interest Periods and Minimum Amounts. Notwithstanding anything herein to the contrary, (a) all Interest Periods applicable to LIBOR Rate Loans shall comply with the definition of "Interest Period," (b) there may be no more than five different Interest Periods for all LIBOR Rate Loans outstanding at the same time, and (c) LIBOR Rate Loans of each Type and with the same Interest Period outstanding at any time shall be in an aggregate amount at least equal to $1,000,000 and in an integral multiple of $1,000,000. For purposes of the foregoing clause (b), Interest Periods applicable to Loans of different Types shall constitute different Interest Periods even if they are coterminous.
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Interest Periods and Minimum Amounts. Notwithstanding anything herein to the contrary, (a) all Interest Periods applicable to Euro-Dollar Rate Loans and Bid Loans shall comply with the definition of "Interest Period," (b) there may be no more than five different Interest Periods for all Euro- Dollar Rate Loans and Bid Loans outstanding at the same time, and (c) Euro- Dollar Rate Loans with the same Interest Period outstanding at any time shall be in an aggregate amount at least equal to $5,000,000 and in an integral multiple of $1,000,000. For purposes of the foregoing clause (a), Interest Periods applicable to Loans of different Types shall constitute different Interest Periods even if they are coterminous.
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Interest Periods and Minimum Amounts. Notwithstanding anything herein to the contrary, (i) all Interest Periods applicable to Term SOFR Loans, CDOR Rate Loans and Bid Loans shall comply with the definition of “Interest Period,” and (ii) there may be no more than ten (10) different Interest Periods for all Term SOFR Loans, CDOR Rate Loans and Bid Loans outstanding at any one time. For purposes of the foregoing clause (ii), Interest Periods applicable to Loans of different Types shall constitute different Interest Periods even if they are coterminous.
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Interest Periods and Minimum Amounts. Notwithstanding anything ------------------------------------ herein to the contrary, (a) all Interest Periods applicable to LIBOR Rate Loans shall comply with the definition of "Interest Period," (b) there may be no more than ten different Interest Periods for all LIBOR Rate Loans outstanding at the same time, and (c) LIBOR Rate Loans with the same Interest Period outstanding at any time shall be in an aggregate amount at least equal to $1,000,000 and in an integral multiple of $1,000,000. For purposes of the foregoing clause (b), Interest Periods applicable to Working Capital Revolving Loans and Revolving Acquisition Loans or Term Acquisition Loans, as applicable, shall constitute different Interest Periods even if they are coterminous.
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Related to Interest Periods and Minimum Amounts

  • Interest Periods In connection with each LIBOR Rate Loan, the Borrower, by giving notice at the times described in Section 3.1(a), shall elect an interest period (each, an "Interest Period") to be applicable to such Loan, which Interest Period shall be a period of one (1), two (2), three (3) or six (6) months with respect to each LIBOR Rate Loan; provided that: (i) the Interest Period shall commence on the date of advance of or conversion to any LIBOR Rate Loan or and, in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the date on which the next preceding Interest Period expires; (ii) if any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day; provided, that if any Interest Period with respect to a LIBOR Rate Loan would otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; (iii) any Interest Period with respect to a LIBOR Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the relevant calendar month at the end of such Interest Period; (iv) no Interest Period shall be permitted to extend beyond the Termination Date; and (v) there shall be no more than five (5) Interest Periods outstanding at any time.

  • Minimum Borrowing Amounts; Maximum Eurodollar Loans Each Borrowing of Base Rate Loans advanced under the applicable Facility shall be in an amount not less than $1.0 million or such greater amount that is an integral multiple of $1.0 million. Each Borrowing of Eurodollar Loans advanced, continued or converted under the applicable Facility shall be in an amount equal to $1.0 million or such greater amount that is an integral multiple of $1.0 million. Without the Administrative Agent’s consent, there shall not be more than fifteen (15) Borrowings of Eurodollar Loans outstanding at any one time.

  • Duration of normal Interest Periods Subject to Clauses 5.3 and 5.4, each Interest Period shall be: (a) 3, 6 or 12 months as notified by the Borrower to the Lender not later than 11.00 a.m. (London time) 3 Business Days before the commencement of the Interest Period; or (b) 3 months, if the Borrower fails to notify the Lender by the time specified in paragraph (a) above; or (c) such other period as the Lender may agree with the Borrower.

  • Meal/Rest Periods All nurses shall receive an unpaid meal period of one-half (1/2) hour. Nurses required to remain on duty or in the Hospital during their meal period shall be compensated for such time at the appropriate rate of pay. All nurses shall receive one (1) fifteen

  • Minimum Amounts and Maximum Number of Eurodollar Tranches Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, (a) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time.