Common use of Type and Number of Advances Clause in Contracts

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.

Appears in 1 contract

Sources: Credit Agreement (Kevco Inc)

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.

Appears in 1 contract

Sources: Credit Agreement (Kevco Inc)