Common use of Minimum Amount of Each Borrowing; Maximum Number of Borrowings Clause in Contracts

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of (i) Term Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof, (ii) Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof and (iii) Swingline Loans shall be in a minimum amount of $500,000 and in a multiple of $100,000 in excess thereof (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(c) and Revolving Credit Loans to reimburse such Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight Borrowings of LIBOR Loans that are Term Loans and six Borrowings of LIBOR Loans that are Revolving Credit Loans and three Borrowings of LIBOR Loans for each additional Class of Loans.

Appears in 10 contracts

Sources: Credit Agreement (Applovin Corp), Credit Agreement (Applovin Corp), Credit Agreement (Applovin Corp)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. (a) The aggregate principal amount of each Borrowing of (i) Term Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof, . More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight Borrowings of LIBOR Term Loans. (iib) The aggregate principal amount of each Borrowing of Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 (or the Dollar Equivalent thereof) in excess thereof and (iii) Swingline Loans shall be in a minimum amount of $500,000 250,000 and in a multiple of $100,000 in excess thereof (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(c2.1(e) and Revolving Credit Loans to reimburse such the Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight ten Borrowings of LIBOR Loans that are Term Loans and six Borrowings of LIBOR Loans that are Revolving Credit Loans and three Borrowings of LIBOR Loans for each additional Class of Loans.

Appears in 4 contracts

Sources: First Lien Credit Agreement (Focus Financial Partners Inc.), First Lien Credit Agreement (Focus Financial Partners Inc.), First Lien Credit Agreement (Focus Financial Partners Inc.)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of (i) Term Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof, and (ii) Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof and (iii) Swingline Loans shall be in a minimum amount of $500,000 and in a multiple of $100,000 in excess thereof (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(c) and Revolving Credit Loans to reimburse such Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight Borrowings of LIBOR Term SOFR Loans that are Term Loans and six Borrowings of LIBOR Term SOFR Loans that are Revolving Credit Loans and three Borrowings of LIBOR Term SOFR Loans for each additional Class of Loans.

Appears in 3 contracts

Sources: Credit Agreement (SailPoint Parent, LP), Credit Agreement (SailPoint Parent, LP), Credit Agreement (SailPoint Parent, LP)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The Except as otherwise agreed by the Administrative Agent and the applicable Borrower, the aggregate principal amount of each Borrowing of (i) Term Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof, (ii) or Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 (or the Dollar Equivalent thereof) in excess thereof and (iii) Swingline Loans shall be in a minimum amount of $500,000 and in a multiple of $100,000 in excess thereof (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(c2.1(d) and Revolving Credit Loans to reimburse such the Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be incurred on any date; , provided that at no time shall there be outstanding more than eight five Borrowings of LIBOR SOFR Loans and EURIBOR Loans that are Term Loans and six fifteen Borrowings of LIBOR SOFR Loans, EURIBOR Loans and ▇▇▇▇▇ Loans that are Revolving Credit Loans and three Borrowings of LIBOR Loans for each additional Class of Loansunder this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Ingersoll Rand Inc.)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. (a) The aggregate principal amount of each Borrowing of (i) Term Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof, . More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight Borrowings of LIBORTerm SOFR Term Loans. (iib) The aggregate principal amount of each Borrowing of Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 (or the Dollar Equivalent thereof) in excess thereof and (iii) Swingline Loans shall be in a minimum amount of $500,000 250,000 and in a multiple of $100,000 in excess thereof (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(c2.1(e) and Revolving Credit Loans to reimburse such the Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight (x) ten Borrowings of LIBOR Loans that are Term Loans and six Borrowings of LIBOR Loans that are SOFR Revolving Credit Loans and three (y) ten Borrowings of LIBOR Loans for each additional Class of Alternative Currency Term Rate Revolving Credit Loans.

Appears in 1 contract

Sources: First Lien Credit Agreement (Focus Financial Partners Inc.)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. (a) The aggregate principal amount of each Borrowing of (i) Term Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof, . More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight Borrowings of LIBOR Term Loans. (iib) The aggregate principal amount of each Borrowing of Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 (or the Dollar Equivalent thereof) in excess thereof and (iii) Swingline Loans shall be in a minimum amount of $500,000 250,000 and in a multiple of $100,000 in excess thereof (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(c2.1(e) and Revolving Credit Loans to reimburse such the Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight (x) ten Borrowings of LIBOR Loans that are Term Loans and six Borrowings of LIBOR Loans that are LIBORTerm SOFR Revolving Credit Loans and three (y) ten Borrowings of LIBOR Loans for each additional Class of Alternative Currency Term Rate Revolving Credit Loans.

Appears in 1 contract

Sources: First Lien Credit Agreement (Focus Financial Partners Inc.)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. The aggregate principal amount of each Borrowing of (i) Term Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof, (ii) Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 50,000 in excess thereof and (iii) Swingline Loans shall be in a minimum amount of $500,000 and in a multiple of $100,000 in excess thereof (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(c) and Revolving Credit Loans to reimburse such the Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight Borrowings of LIBOR Loans that are Term Loans and six Borrowings of LIBOR Loans that are Revolving Credit Loans and three Borrowings of LIBOR Loans for each additional Class of Loans.

Appears in 1 contract

Sources: Credit Agreement (Synchronoss Technologies Inc)

Minimum Amount of Each Borrowing; Maximum Number of Borrowings. (a) The aggregate principal amount of each Borrowing of (i) Term Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof, . More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight Borrowings of LIBOR Term Loans. (iib) The aggregate principal amount of each Borrowing of Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount for such Type of Loans and in a multiple of $100,000 in excess thereof and (iiior the Dollar Equivalent thereof) Swingline Loans shall be in a minimum amount of $500,000 and in a multiple of $100,000 in excess thereof (except that Mandatory Borrowings shall be made in the amounts required by Section 2.1(c) and Revolving Credit Loans to reimburse such the Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4, as applicable). More than one Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than eight ten Borrowings of LIBOR Loans that are Term Loans and six Borrowings of LIBOR Loans that are Revolving Credit Loans and three Borrowings of LIBOR Loans for each additional Class of Loans.

Appears in 1 contract

Sources: First Lien Credit Agreement (HireRight GIS Group Holdings, LLC)