Limitations on Borrowings. Anything in Section 2.02(a) to the ------------------------- contrary notwithstanding, none of the Borrowers may select (i) Eurodollar Rate Advances for any Borrowing if the aggregate amount of such Borrowing is less than $5,000,000 or if the obligation of the Appropriate Lenders to make Eurodollar Rate Advances shall then be suspended pursuant to Section 2.08 or 2.09 or (ii) Interest Periods for Eurodollar Rate Advances comprising part of any Borrowing that have a duration of more than one month during the period from the date of this Agreement to September 30, 1997 (or such earlier date as shall be specified by the Arranger in its sole discretion in a written notice to Fox Kids and each of the Lenders). In addition, (A) at any time and from time to time prior to the Phase II Closing Date, the Acquisitions Advances may not be outstanding as part of more than eight separate Revolving Credit A Borrowings and (B) at any time and from time to time following the Phase II Closing Date, the Revolving Credit A Advances may not be outstanding as part of more than eight separate Revolving Credit A Borrowings, the Revolving Credit B Advances may not be outstanding as part of more than eight separate Revolving Credit B Borrowings and the Term Advances may not be outstanding as part of more than eight separate Term Borrowings.
Appears in 1 contract
Sources: Credit Agreement (Fox Television Stations Inc /De/)
Limitations on Borrowings. Anything in Section 2.02(a) to the ------------------------- contrary notwithstanding, none of the Borrowers may select (i) Eurodollar Rate Advances for any Borrowing if the aggregate amount of such Borrowing is less than $5,000,000 or if the obligation of the Appropriate Lenders to make Eurodollar Rate Advances shall then be suspended pursuant to Section 2.08 or 2.09 or (ii) Interest Periods for Eurodollar Rate Advances comprising part of any Borrowing that have a duration of more than one month during the period from the date of this Agreement to September 30, 1997 (or such earlier date as shall be specified by the Arranger in its sole discretion in a written notice to Fox Kids and each of the Lenders). In addition, (A) at any time and from time to time prior to the Phase II Closing Date, the Acquisitions Advances may not be outstanding as part of more than eight separate Revolving Credit A Borrowings and (B) at any time and from time to time following the Phase II Closing Date, the Revolving Credit A Advances may not be outstanding as part of more than eight separate Revolving Credit A Borrowings, the Revolving Credit B Advances may not be outstanding as part of more than eight separate Revolving Credit B Borrowings and the Term Advances may not be outstanding as part of more than eight separate Term Borrowings.
Appears in 1 contract
Sources: Credit Agreement (Fox Television Stations Inc /De/)