Common use of Minimum Amounts and Maximum Number of Eurodollar Tranches Clause in Contracts

Minimum Amounts and Maximum Number of Eurodollar Tranches. (a) Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans and all selections of Interest Periods in respect thereof 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 $2,000,000 or $500,000 integrals in excess thereof and (b) no more than ten Eurodollar Tranches shall be outstanding at any one time. (b) Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of BA Loans and BA Equivalent Loans, and all selections of Interest Periods in respect thereof, shall be in such amounts and be made pursuant to such elections so that (i) after giving effect thereto, the aggregate face amount of any BA Loan or BA Equivalent Loan shall be equal to CDN$2,000,000 or CDN$500,000 integrals in excess thereof and (ii) no more than five BA Loans and/or BA Equivalent Loans shall be outstanding at any one time.

Appears in 1 contract

Sources: Credit Agreement (LKQ Corp)

Minimum Amounts and Maximum Number of Eurodollar Tranches. (a) Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans and all selections of Interest Periods in respect thereof shall be in such amounts and be made pursuant to such elections so that, (ai) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $2,000,000 5,000,000 or a whole multiple of $500,000 integrals 1,000,000 in excess thereof and (bii) no more than ten 10 Eurodollar Tranches shall be outstanding at any one time. (b) Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of BA Loans and BA Equivalent Loans, Bankers’ Acceptances and all selections of Interest Periods in respect thereof, shall be in such amounts and be made pursuant to such elections so that (i) after giving effect thereto, the aggregate face principal amount of any BA Loan or BA Equivalent Loan Bankers’ Acceptance shall be equal to CDN$2,000,000 Cdn. $500,000 or CDN$500,000 integrals a whole multiple of Cdn. $100,000 in excess thereof and (ii) no more than five BA Loans and/or BA Equivalent Loans shall be outstanding at any one timethereof.

Appears in 1 contract

Sources: Credit Agreement (Waste Services, Inc.)

Minimum Amounts and Maximum Number of Eurodollar Tranches. (a) Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans and all selections of Interest Periods in respect thereof shall be in such amounts and be made pursuant to such elections so that, (ai) after giving effect thereto, the aggregate principal amount of the Eurodollar Loans comprising each Eurodollar Tranche shall be equal to $2,000,000 5,000,000 or a whole multiple of $500,000 integrals 1,000,000 in excess thereof and (bii) no more than ten 10 Eurodollar Tranches shall be outstanding at any one time. (b) Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of BA Loans and BA Equivalent Loans, Bankers' Acceptances and all selections of Interest Periods in respect thereof, shall be in such amounts and be made pursuant to such elections so that (i) after giving effect thereto, the aggregate face principal amount of any BA Loan or BA Equivalent Loan Bankers' Acceptance shall be equal to CDN$2,000,000 Cdn. $500,000 or CDN$500,000 integrals a whole multiple of Cdn. $100,000 in excess thereof and (ii) no more than five BA Loans and/or BA Equivalent Loans shall be outstanding at any one timethereof.

Appears in 1 contract

Sources: Credit Agreement (Capital Environmental Resource Inc)