04Swingline Loans. (1) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make (x) Swingline Loans to the Borrowers from time to time during the Availability Period; provided, that no such Swingline Loan will be permitted if, after giving effect thereto, (a) the aggregate principal amount of outstanding Swingline Loans would exceed the Swingline Commitment; or (b) the Revolving Facility Credit Exposure would exceed the Borrowing Base; provided; that the Swingline Lender will not be required to make a Swingline Loan to refinance an outstanding Swingline Borrowing. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Swingline Loans.
04Swingline Loans. (a)Subject to the terms and conditions hereof, the Swingline Lender may (in its sole discretion) makeswingline loans (individually, a “Swingline Loan ” and collectively, the “Swingline Loans ”) to the Borrower fromtime to time during the Revolving Commitment Period in accordance with the procedures set forth in thisSection 2.04 ,provided that (i) the aggregate principal amount of all Swingline Loans shall not exceed $10.0 million (the“Swingline Sublimit ”) at any one time outstanding, (ii) the principal amount of any borrowing of Swingline Loansmay not exceed the aggregate amount of the Available Revolving Commitments of all Revolving Lendersimmediately prior to such borrowing or result in the Aggregate Revolving Exposure then outstanding exceeding theTotal Revolving Commitments then in effect, and (iii) in no event may Swingline Loans be borrowed hereunder if aDefault shall have occurred and be continuing which shall not have been subsequently cured or waived. Amountsborrowed under thisSection 2.04 may be repaid and, up to but excluding the Revolving Maturity Date, reborrowed.All Swingline Loans shall at all times be ABR Loans. The Borrower shall give the Administrative Agent notice ofany Swingline Loan requested hereunder (which notice must be received by the Administrative Agent prior to 11:00a.m. on the requested Borrowing Date) specifying (A) the amount to be borrowed, and (B) the requested BorrowingDate. Upon receipt of such notice, the Administrative Agent shall promptly notify the Swingline Lender of theaggregate amount of such borrowing. Not later than 2:00 p.m. on the Borrowing Date specified in such notice theSwingline Lender shall make such Swingline Loan available to the Administrative Agent for the account of theBorrower at the Administrative Agent’s Office in funds immediately available to the Administrative Agent.Amounts so received by the Administrative Agent will promptly be made available to the Borrower by theAdministrative Agent crediting the account of the Borrower identified in the most recent Notice of AccountDesignation with the amount made available to the Administrative Agent by the Swingline Lender (or, in the case ofa Swingline Loan made to finance the reimbursement of an LC Disbursement as provided inSection 2.06(e) , byremittance to the Issuing Bank) and in like funds as received by the Administrative Agent. Each Borrowing pursuantto thisSection 2.04 shall be in a minimum principal amount of $500,000 or an integral multiple o...
04Swingline Loans. (a) Subject to the terms and conditions set forth herein, the Swingline Lender shall make Swingline Loans to the Borrower from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $10,000,000 or (ii) the aggregate amount of the Revolving Exposure exceeding the aggregate amount of the Revolving Commitments. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans.
