Type and Number of Advances Sample Clauses

Type and Number of Advances. Any Advance on the Commitment may be a Base Rate Loan or a Eurodollar Loan, or a combination thereof, as selected by Borrower pursuant to Section 4 hereof. The total number of Tranches which may be outstanding at any time shall never exceed five (5).
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Type and Number of Advances. Any Advance on the Commitment may be a Prime Rate Loan or a BA Rate Loan, or a combination thereof, as selected by the Borrower pursuant to Section 4 hereof. The total number of Tranches which may be outstanding at any time shall never exceed four (4).
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Type and Number of Advances. Any Advance under the Revolving Commitment may be a Base Rate Loan or a LIBOR Loan, or any combination thereof, as selected by Borrowers pursuant to Section 4 hereof. The total number of LIBOR Loans that may be outstanding at any time may never exceed six (6).
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Type and Number of Advances. Any Advance shall, at the option of the Borrower as provided in Section 2.2 hereof (and, in the case of LIBOR Advances, subject to availability and to the provisions of Article 9 hereof), be made as a Base Rate Advance or a LIBOR Advance; provided that there shall not be outstanding to any Lender, at any one time, more than six LIBOR Advances.
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Type and Number of Advances. Any Advance, other than a Swing Line Advance, shall, at the option of the Borrower as provided in Section 2.2 hereof (and, in the case of LIBOR Advances, subject to the provisions of Article 9 hereof), be made as a Base Rate Advance or a LIBOR Advance; provided that there shall not be outstanding, at any one time, more than ten Interest Periods for LIBOR Advances.
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Type and Number of Advances. Any Advance on the Commitments may be a Base Rate Loan or a LIBOR Loan, or a combination thereof, as selected by the Borrower pursuant to Section 4 hereof. The total number of Tranches which may be outstanding at any time shall never exceed six (6) from the Effective Date through the earlier of (i) the Bridge Loan Maturity Date or (ii) payment in full of the Bridge Loan, and four (4) thereafter.
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Type and Number of Advances. Any Advance shall, at the option of the Borrower as provided in SECTION 2.2 hereof (and, in the case of LIBOR Advances, subject to the provisions of ARTICLE 9 hereof), be made as a Base Rate Advance or a LIBOR Advance; provided that there shall not be outstanding, at any one time, more than ten LIBOR Advances.
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Related to Type and Number of Advances

  • Availability of Types of Advances If any Lender determines that maintenance of its Eurodollar Loans at a suitable Lending Installation would violate any applicable law, rule, regulation, or directive, whether or not having the force of law, or if the Required Lenders determine that (i) deposits of a type and maturity appropriate to match fund Eurodollar Advances are not available or (ii) the interest rate applicable to Eurodollar Advances does not accurately reflect the cost of making or maintaining Eurodollar Advances, then the Agent shall suspend the availability of Eurodollar Advances and require any affected Eurodollar Advances to be repaid or converted to Floating Rate Advances, subject to the payment of any funding indemnification amounts required by Section 3.4.

  • Types of Advances The Advances may be Floating Rate Advances or Eurodollar Advances, or a combination thereof, selected by the Borrower in accordance with Sections 2.8 and 2.9.

  • Maximum number of Loans A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation more than 20 (twenty) Loans would be outstanding.

  • Minimum Borrowing Amounts; Maximum Eurodollar Loans Each Borrowing of Base Rate Loans advanced under the applicable Facility shall be in an amount not less than $1.0 million or such greater amount that is an integral multiple of $1.0 million. Each Borrowing of Eurodollar Loans advanced, continued or converted under the applicable Facility shall be in an amount equal to $1.0 million or such greater amount that is an integral multiple of $1.0 million. Without the Administrative Agent’s consent, there shall not be more than fifteen (15) Borrowings of Eurodollar Loans outstanding at any one time.

  • Minimum Amount of Each Borrowing; Maximum Number of Borrowings The aggregate principal amount of each Borrowing of Loans shall be in a multiple of $100,000 and shall not be less than the Minimum Borrowing Amount. More than one Borrowing may occur on any date; provided that at no time shall there be outstanding more than four (4) Borrowings of LIBOR Loans under this Agreement.