Common use of Interest Periods and Minimum Amounts Clause in Contracts

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.

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 ten 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.