Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $500,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $200,000; provided that an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.09(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of six (6) Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 2 contracts
Sources: Credit Agreement (Centennial Resource Development, Inc.), Credit Agreement (Centennial Resource Development, Inc.)
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar LIBOR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $500,000 and not less than $1,000,000. At the time that any ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $500,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $200,000250,000; provided that an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Aggregate Revolving Credit Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.09(e2.07(d). At the commencement of each Interest Period for any EURIBOR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of €500,000 and not less than €1,000,000. Borrowings of more than one Type and Class may be outstanding at the same time, ; provided that there shall not at any time be more than a total of six twelve (612) Eurodollar LIBOR Borrowings outstandingand EURIBOR Borrowings outstanding at any time. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing of a if the Interest Period requested with respect thereto would end after the Revolving Maturity Date or any Term Loan Borrowing if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 2 contracts
Sources: Credit Agreement (Exterran Corp), Credit Agreement (Exterran Holdings Inc.)
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Term Benchmark Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 1,000,000 and not less than $500,0003,000,000. At the time that each ABR Borrowing or RFR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 1,000,000 and not less than $200,0003,000,000; provided that an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Aggregate Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.09(e2.08(e). Each Swingline Loan shall be in an amount that is an integral multiple of $500,000 and not less than $1,000,000. Borrowings of more than one Type and Class may be outstanding at the same time, ; provided that there shall not at any time be more than a total of six eight (6) Eurodollar 8) Term Benchmark Borrowings outstandingor RFR Borrowings outstanding at any time. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 2 contracts
Sources: Credit Agreement (Coterra Energy Inc.), Credit Agreement (Coterra Energy Inc.)
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar LIBOR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $500,000 and not less than $1,000,000. At the time that any ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $500,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $200,000250,000; provided that an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Aggregate Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.09(e2.07(d). At the commencement of each Interest Period for any EURIBOR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of €500,000 and not less than €1,000,000. Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of six twelve (612) Eurodollar LIBOR Borrowings outstandingand EURIBOR Borrowings outstanding at any time. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 2 contracts
Sources: Credit Agreement (Exterran Corp), Credit Agreement (Exterran Holdings Inc.)
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Term Benchmark Borrowing, such Term Benchmark Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $500,000500,000 and increments of $500,000 in excess thereof. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $200,000500,000 and increments of $500,000 in excess thereof; provided that that, notwithstanding the foregoing, an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Commitments under the applicable Facility or that is required to finance the reimbursement of an LC Disbursement a Reimbursement Obligation as contemplated by Section 2.09(e2.07(f)(iii). Borrowings of more than one Type may be outstanding at the same time, provided that (i) there shall not at any time be more than a total of six (6) Eurodollar Term Benchmark Borrowings outstandingoutstanding and (ii) there shall be no more than an aggregate of three (3) Classes of Term Loan Facilities under this Agreement. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Applicable Maturity Date.
Appears in 1 contract
Sources: Credit Agreement (PDC Energy, Inc.)
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 500,000 and not less than $500,0001,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 250,000 and not less than $200,0001,000,000; provided that an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Commitments or that is required to finance the reimbursement of an LC a Letter of Credit Disbursement as contemplated by Section 2.09(e2.08(e). Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of six twelve (612) Eurodollar Borrowings outstanding. Multiple Borrowings may be outstanding at the same time; provided that there shall not at any time be more than a total of three (3) Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 1 contract
Sources: Credit Agreement (Constellation Energy Partners LLC)
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 100,000 and not less than $500,0001,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $200,000500,000; provided that that, notwithstanding the foregoing, an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.09(e). Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of six eight (6) 8) Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or a Borrowing of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 1 contract
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 500,000 and not less than $500,0001,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 250,000 and not less than $200,0001,000,000; provided that an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Total Commitments or that is required to finance the reimbursement of an LC a Letter of Credit Disbursement as contemplated by Section 2.09(e2.08(e). Borrowings of more than one Type may be outstanding at the same time, ; provided that there shall not at any time be more than a total of six twelve (612) Eurodollar Borrowings outstanding. Multiple Borrowings may be outstanding at the same time; provided that there shall not at any time be more than a total of three (3) Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 1 contract
Sources: Credit Agreement (Constellation Energy Partners LLC)
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 100,000 and not less than $500,0001,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 10,000 and not less than $200,0001,000,000; provided that an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.09(e2.08(e); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of six (6) 6 Eurodollar Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 1 contract
Sources: Credit Agreement (Primeenergy Corp)
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar SOFR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 100,000 and not less than $500,0001,000,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 10,000 and not less than $200,0001,000,000; provided that an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.09(e2.08(e); and provided further that an ABR Borrowing may be in a lesser amount such that after giving effect to such Borrowing the Loan Parties shall not have any Excess Cash. Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of six (6) Eurodollar 6 SOFR Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 1 contract
Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar LIBOR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $500,000 and not less than $1,000,000. At the time that any ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $250,000 and not less than $500,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $200,000250,000; provided that an ABR Borrowing of a Revolving Loan may be in an aggregate amount that is equal to the entire unused balance of the total Revolving Credit Aggregate Commitments or that is required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.09(e2.07(d). At the commencement of each Interest Period for any EURIBOR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of €500,000 and not less than €1,000,000. Borrowings of more than one Type and Class may be outstanding at the same time, ; provided that there shall not at any time be more than a total of six twelve (612) Eurodollar LIBOR Borrowings outstandingand EURIBOR Borrowings outstanding at any time. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Revolving Borrowing of a Term Loan if the Interest Period requested with respect thereto would end after the Term Loan Maturity Date or of a Revolving Loan if the Interest Period requested with respect thereto would end after the Revolving Credit Maturity Date.
Appears in 1 contract
Sources: Credit Agreement (Exterran Corp)