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

Minimum Amounts and Maximum Number of Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans and all selections of Interest Periods 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 $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then aggregate Available Revolving Credit Commitments are less than $1,000,000, such lesser amount) and (b) no more than five Eurodollar Tranches for each Facility shall be outstanding at any one time.

Appears in 1 contract

Sources: Credit Agreement (Rotech Healthcare Inc)

Minimum Amounts and Maximum Number of Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans and all selections of Interest Periods 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 (i) in the case of Term Loans, $1,000,000 or a whole multiple of $1,000,000 in excess thereof and (or, if ii) in the then aggregate Available case of Revolving Credit Commitments are less than Loans, $1,000,000, such lesser amount) 1,000,000 or a whole multiple of $500,000 in excess thereof and (b) no more than five 5 Eurodollar Tranches for each Facility shall be outstanding at any one time.

Appears in 1 contract

Sources: Credit Agreement (MVC Capital, Inc.)