Addition of a Swing Line Lender Sample Clauses

Addition of a Swing Line Lender. A Revolving Lender reasonably acceptable to the Borrower and the Administrative Agent may become an additional Swing Line Lender hereunder pursuant to a written agreement among the Borrower, the Administrative Agent and such Revolving Lender (which agreement shall include the Swing Line Sublimit for such additional Swing Line Lender). The Administrative Agent shall notify the Revolving Lenders of any such additional Swing Line Lender.
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Addition of a Swing Line Lender. A Tranche A Revolving Credit Lender may become an additional Swing Line Lender making Swing Line Loans in Euro hereunder pursuant to a written agreement among the Borrowers, the Administrative Agent and such Tranche A Revolving Credit Lender. The Administrative Agent shall notify the Tranche A Revolving Credit Lenders of any such additional Swing Line Lender.
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Addition of a Swing Line Lender. A Revolving Lender reasonably acceptable to the Borrower and the Priority Revolving Agent may become an additional Swing Line Lender hereunder pursuant to a written agreement among the Borrower, the Priority Revolving Agent and such Revolving Lender (which agreement shall include the Swing Line Sublimit for such additional Swing Line Lender). The Priority Revolving Agent shall notify the Revolving Lenders of any such additional Swing Line Lender.
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Addition of a Swing Line Lender. A Revolving Lender reasonably acceptable to the Borrower and the Revolver Agent may become an additional Swing Line Lender hereunder pursuant to a written agreement among the Borrower, the Revolver Agent and such Revolving Lender (which agreement shall include the Swing Line Sublimit for such additional Swing Line Lender). The Revolver Agent shall notify the Revolving Lenders of any such additional Swing Line Lender.
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Addition of a Swing Line Lender. A Revolving Credit Lender reasonably acceptable to the Borrower Representative and the Administrative Agent may become an additional Swing Line Lender hereunder pursuant to a written agreement among the Borrower Representative, the Administrative Agent and such Revolving Credit Lender (which agreement shall include the Swing Line Sublimit for such additional Swing Line Lender). The Administrative Agent shall notify the Revolving Credit Lenders of any such additional Swing Line Lender.
Sample 1
Addition of a Swing Line Lender. In addition to the Swing Line Lenders party hereto on the Closing Date, the Borrower may from time to time appoint any Lender as a Swing Line Lender hereunder with the consent of the Administrative Agent (not to be unreasonably withheld, conditioned or delayed) pursuant to a written agreement among the Borrower, the Administrative Agent and such Lender, which agreement shall specify the Swing Line Commitment for such additional Swing Line Lender and whether the Swing Line Loans to be made by such additional Swing Line Lender will be denominated in Dollars or Euros (such agreement, an “Additional Swing Line Lender Agreement”). Upon the effectiveness of any Additional Swing Line Lender Agreement, (i) the Lender specified therein shall become vested with all rights, powers, privileges and duties of a Swing Line Lender hereunder and (ii) the Administrative Agent shall notify the other Lenders of the addition of such Lender as a Swing Line Lender hereunder.
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Related to Addition of a Swing Line Lender

  • Swing Line Lender The Swing Line Lender shall act on behalf of the Lenders with respect to any Swing Loans. The Swing Line Lender shall have all of the benefits and immunities (a) provided to Agent in this Article IX with respect to any acts taken or omissions suffered by the Swing Line Lender in connection with the Swing Loans as fully as if the term “Agent”, as used in this Article IX, included the Swing Line Lender with respect to such acts or omissions, and (b) as additionally provided in this Agreement with respect to the Swing Line Lender.

  • Interest for Account of Swing Line Lender The Swing Line Lender shall be responsible for invoicing the Borrower for interest on the Swing Line Loans. Until each Lender funds its Base Rate Committed Loan or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Swing Line Lender.

  • Repayment of Swing Line Loans The Borrower shall pay each Swing Line Loan in full on the date selected by the Administrative Agent. In addition, the Swing Line Lender may at any time in its sole discretion with respect to any outstanding Swing Line Loan require each Lender to fund the participation acquired by such Lender pursuant to Section 2.21(c) or require each Lender (including the Swing Line Lender) to make a Revolving Loan in the amount of such Lender’s Revolving Percentage of such Swing Line Loan (including, without limitation, any interest accrued and unpaid thereon) for the purpose of repaying such Swing Line Loan. Not later than noon (Minneapolis time) on the date of any notice received pursuant to this Section, each Lender shall make available its required Revolving Loan, in funds immediately available to the Administrative Agent at its address specified pursuant to Article XIII. Revolving Loans made pursuant to this Section shall initially be Base Rate Loans and thereafter may be continued as Base Rate Loans or converted into Eurocurrency Loans in the manner provided in Section 2.7 and subject to the other conditions and limitations set forth in this Article II. Unless a Lender notifies the Swing Line Lender, prior to its making any Swing Line Loan, that any applicable condition precedent set forth in Section 4.1 or 4.2 has not been satisfied, such Lender’s obligation to make Revolving Loans pursuant to this Section to repay Swing Line Loans or to fund the participation acquired pursuant to Section 2.21(c) shall be unconditional, continuing, irrevocable and absolute and shall not be affected by any circumstances, including, without limitation, (a) any set-off, counterclaim, recoupment, defense or other right that such Lender may have against the Borrower, the Administrative Agent, the Swing Line Lender or any other Person, (b) the occurrence or continuance of a Default or Event of Default, (c) any adverse change in the condition (financial or otherwise) of the Borrower, or (d) any other circumstances, happening or event whatsoever. In the event that any Lender fails to make payment to the Administrative Agent of any amount due under this Section, interest shall accrue thereon at the Federal Funds Effective Rate for each day during the period commencing on the date of demand and ending on the date such amount is received, and the Administrative Agent shall be entitled to receive, retain and apply against such obligation the principal and interest otherwise payable to such Lender hereunder until the Administrative Agent receives such payment from such Lender or such obligation is otherwise fully satisfied. On the Facility Termination Date, the Borrower shall repay in full the outstanding principal balance of the Swing Line Loans.

  • Swing Line Loans The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date ten Business Days after such Loan is made and (ii) the Maturity Date for the Revolving Credit Facility.

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