Minimum Borrowing Amounts; Maximum Eurodollar Loans. Each Borrowing of Base Rate Loans advanced under the U.S. Revolving Credit or the Canadian Revolving Credit shall be in an amount not less than U.S. $300,000. Each Borrowing of Canadian Prime Rate Loans advanced under the Canadian Revolving Credit shall be in an amount not less than Cdn. $300,000. Each Borrowing of Eurodollar Loans advanced, continued or converted under the U.S. Revolving Credit or the Canadian Revolving Credit shall be in an amount equal to U.S. $1,000,000 or such greater amount that is an integral multiple of U.S. $100,000. Each Borrowing of Canadian CDOR Loans advanced, continued or converted under the Canadian Revolving Credit shall be in an amount equal to Cdn. $1,000,000 or such greater amount that is an integral multiple of Cdn. $100,000. Without the Administrative Agent’s consent, there shall not be more than seven (7) Borrowings of Eurodollar Loans and Canadian CDOR Loans, in the aggregate, outstanding at any one time.
Appears in 3 contracts
Sources: Credit Agreement (Delek Logistics Partners, LP), Credit Agreement (Delek US Holdings, Inc.), Credit Agreement (Delek Logistics Partners, LP)