Common use of Maximum Number of LIBOR Advances Clause in Contracts

Maximum Number of LIBOR Advances. Notwithstanding anything to the contrary contained herein, Borrower shall not have the right to have more than three (3) LIBOR Advances in the aggregate outstanding hereunder at any one time during the term hereunder.

Appears in 3 contracts

Sources: Revolving Loan Agreement (Viggle Inc.), Revolving Loan Agreement (Universal Insurance Holdings, Inc.), Term Loan Agreement (Viggle Inc.)

Maximum Number of LIBOR Advances. Notwithstanding anything to the contrary contained herein, Borrower shall not have the right to have more than three seven (37) LIBOR Advances in the aggregate outstanding hereunder at any one time during the term hereunder.

Appears in 2 contracts

Sources: Term Loan and Revolving Line of Credit Agreement, Term Loan and Revolving Line of Credit Agreement (HarbourVest - Origami Structured Solutions L.P.)

Maximum Number of LIBOR Advances. Notwithstanding anything to the contrary contained herein, Borrower shall not have the right to have more than three five (35) LIBOR Advances in the aggregate outstanding hereunder at any one time during the term hereunderhereof, nor shall Lender be obligated to convert or continue any Advance if the interest rate applicable thereto under Section 2.6(a) hereof would exceed the Maximum Rate in effect with respect to such Advance.

Appears in 1 contract

Sources: Term Loan Agreement (MacAndrews & Forbes Holdings Inc.)