Common use of Type and Number of Advances Clause in Contracts

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).

Appears in 2 contracts

Sources: Credit Agreement (Approach Resources Inc), Credit Agreement (Approach Resources Inc)

Type and Number of Advances. Any Advance on under the Commitment may be a Base Rate Loan or a Eurodollar 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 five eight (5)8).

Appears in 2 contracts

Sources: Credit Agreement (Range Resources Corp), Credit Agreement (Range Resources Corp)

Type and Number of Advances. Any Advance on the Commitment may be a Base Rate Loan or a Eurodollar LIBOR Loan, or a combination thereof, as selected by Borrower the Borrowers pursuant to Section 4 hereof. The total number of Tranches which may be outstanding at any time shall never exceed five three (53).

Appears in 2 contracts

Sources: Credit Agreement (Parallel Petroleum Corp), Credit Agreement (Parallel Petroleum Corp)

Type and Number of Advances. Any Advance on under the Commitment may be a Base Prime Rate Loan or a Eurodollar Loan, or a combination thereof, as selected by the Borrower pursuant to Section 4 hereof. The total number of Tranches which Eurodollar Loans that may be outstanding at any time shall never exceed five four (54).

Appears in 1 contract

Sources: Credit Agreement (Southwest Royalties Holdings Inc)

Type and Number of Advances. Any Advance on the Commitment may be a Base Rate Loan or a Eurodollar LIBOR Loan, or a combination thereof, as selected by Borrower pursuant to Section 4 hereof4. The total number of Tranches which may be outstanding at any time shall never exceed five ten (510).

Appears in 1 contract

Sources: Credit Agreement (Range Resources Corp)

Type and Number of Advances. Any Advance on the Commitment may be a Base Rate Loan or a Eurodollar 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 five three (53).

Appears in 1 contract

Sources: Credit Agreement (Parallel Petroleum Corp /De/)

Type and Number of Advances. Any Advance on of the Commitment may --------------------------- be a Base Rate Loan or a Eurodollar LIBOR Loan, or a combination thereof, as selected by Borrower the Borrowers pursuant to Section 4 hereof. The total number of Tranches which may be outstanding at any time shall never exceed five four (54).

Appears in 1 contract

Sources: Credit Agreement (3tec Energy Corp)

Type and Number of Advances. Any Advance on the Commitment may be a Base Rate Loan or a Eurodollar 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 five four (54).

Appears in 1 contract

Sources: Credit Agreement (Parallel Petroleum Corp)

Type and Number of Advances. Any Advance on the Commitment Commitments may be a Base Floating Rate Loan or a Eurodollar Loan, or a combination thereof, as selected by Borrower the Borrowers pursuant to Section 4 hereof. The total number of Tranches which may be outstanding at any time shall never exceed five four (54).

Appears in 1 contract

Sources: Credit Agreement (Exco Resources Inc)

Type and Number of Advances. Any Advance on the Commitment may be a Base Rate Loan or a Eurodollar 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 five ten (510).

Appears in 1 contract

Sources: Credit Agreement (Range Resources Corp)

Type and Number of Advances. Any Advance on of the Commitment may be a Base Rate Loan or a Eurodollar LIBOR Loan, or a combination thereof, as selected by Borrower the Borrowers pursuant to Section 4 hereof. The total number of Tranches which may be outstanding at any time shall never exceed five four (54).

Appears in 1 contract

Sources: Credit Agreement (3tec Energy Corp)

Type and Number of Advances. Any Advance on the Commitment Commitments may be a Base Rate Loan or a Eurodollar 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 five four (54).

Appears in 1 contract

Sources: Credit Agreement (Southwest Royalties Inc)