Common use of Agreement to Make Swingline Loans Clause in Contracts

Agreement to Make Swingline Loans. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrowers from time to time during the Revolving Credit Availability Period, in Dollars, 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, (ii) the aggregate outstanding principal amount of Revolving Credit Loans and Swingline Loans exceeding the Revolving Credit Loan Sublimit or (iii) the total Revolving Credit Exposures exceeding the aggregate Revolving Credit Commitments, provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. All Swingline Loans shall be ABR Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Swingline Loans.

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler Ag)

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Agreement to Make Swingline Loans. Subject to the terms and --------------------------------- conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrowers from time to time during the Revolving Credit Availability Period, in Dollars, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $10,000,00025,000,000, (ii) the aggregate outstanding principal amount of Revolving Credit Loans and Exposure of any Revolving Credit Lender, after giving effect to the applicable Swingline Loans Loan, exceeding the Revolving Credit Loan Sublimit Commitment of such Revolving Credit Lender or (iii) the sum of the total Revolving Credit Exposures exceeding the aggregate total Revolving Credit Commitments, ; provided that the Swingline Lender shall not be required to make a -------- Swingline Loan to refinance an outstanding Swingline Loan. All Swingline Loans shall be ABR Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Swingline Loans.. Credit Agreement ----------------

Appears in 1 contract

Samples: Credit Agreement (Global Crossing LTD)

Agreement to Make Swingline Loans. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans under each Commitment to the Borrowers Borrower from time to time during the Revolving Credit Availability Period, in DollarsDollars and in Agreed Foreign Currencies, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans of both Classes exceeding the Dollar Equivalent of $10,000,000125,000,000, (ii) the aggregate outstanding principal amount of total Revolving Dollar Credit Loans and Swingline Loans Exposures exceeding the Revolving Credit Loan Sublimit or aggregate Dollar Commitments, (iii) the total Revolving Multicurrency Credit Exposures exceeding the aggregate Revolving Credit Commitments, Multicurrency Commitments or (iv) the total Covered Debt Amount exceeding the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. All Swingline Loans shall be ABR Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers Borrower may borrow, prepay and reborrow Swingline Loans.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Apollo Investment Corp)

Agreement to Make Swingline Loans. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans under each Commitment to the Borrowers Borrower from time to time during the Revolving Credit Availability Period, in DollarsDollars and in Agreed Foreign Currencies, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans of both Classes exceeding the Dollar Equivalent of $10,000,00050,000,000, (ii) the aggregate outstanding principal amount of total Revolving Dollar Credit Loans and Swingline Loans Exposures exceeding the Revolving Credit Loan Sublimit or aggregate Dollar Commitments, (iii) the total Revolving Multicurrency Credit Exposures exceeding the aggregate Revolving Credit Commitments, Multicurrency Commitments or (iv) the total Covered Debt Amount exceeding the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. All Swingline Loans shall be ABR Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers Borrower may borrow, prepay and reborrow Swingline Loans.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (Solar Capital Ltd.)

Agreement to Make Swingline Loans. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans under each Commitment to the Borrowers Borrower from time to time during the Revolving Credit Availability Period, in DollarsDollars and in Agreed Foreign Currencies, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans of both Classes exceeding the Dollar Equivalent of $10,000,00025,000,000, (ii) the aggregate outstanding principal amount of total Revolving Dollar Credit Loans and Swingline Loans Exposures exceeding the Revolving Credit Loan Sublimit or aggregate Dollar Commitments, (iii) the total Revolving Multicurrency Credit Exposures exceeding the aggregate Revolving Credit Commitments, Multicurrency Commitments or (iv) the total Covered Debt Amount exceeding the Borrowing Base then in effect; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. All Swingline Loans shall be ABR Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers Borrower may borrow, prepay and reborrow Swingline Loans.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Agreement (BlackRock Kelso Capital CORP)

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Agreement to Make Swingline Loans. Subject to the terms and --------------------------------- conditions set forth herein, the each Swingline Lender agrees to make Swingline Loans to the Borrowers Borrower from time to time during the Revolving Credit Availability Period, in Dollars, 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, 20,000,000 or (ii) the aggregate outstanding principal amount of total Revolving Credit Loans and Swingline Loans Exposures exceeding the Revolving Credit Loan Sublimit or (iii) the total Revolving Credit Exposures exceeding the aggregate Revolving Credit Commitments, ; provided that the neither Swingline Lender shall not be required -------- to make a Swingline Loan to refinance an outstanding Swingline Loan. All Swingline Loans shall be ABR Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers Borrower may borrow, prepay and reborrow Swingline Loans. Swingline Loans made hereunder shall constitute utilization of the Revolving Commitments and shall reduce the availability of such Revolving Commitments on a dollar-for-dollar basis.

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

Agreement to Make Swingline Loans. Subject to the terms and conditions set forth herein, the each Swingline Lender agrees to make Swingline Loans to the Borrowers Borrower from time to time during the Revolving Credit Availability Period, in Dollars, 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, 20,000,000 or (ii) the sum of the total Revolving Exposures plus the aggregate outstanding principal amount of Revolving Credit Loans and Swingline outstanding Competitive Loans exceeding the Revolving Credit Loan Sublimit or (iii) the total Revolving Credit Exposures exceeding the aggregate Revolving Credit Commitments, ; provided that the no Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. All Swingline Loans shall be ABR Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers Borrower may borrow, prepay and reborrow Swingline Loans. Swingline Loans made hereunder shall constitute utilization of the Revolving Commitments and shall reduce the availability of such Revolving Commitments on a dollar-for-dollar basis.

Appears in 1 contract

Samples: Credit Agreement (Hearst Argyle Television Inc)

Agreement to Make Swingline Loans. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrowers from time to time during the such Lender’s Revolving Credit Availability Period, in Dollars, 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, (ii) the aggregate outstanding principal amount of Revolving Credit Loans and Swingline Loans exceeding the Revolving Credit Loan Sublimit or (iii) the total Revolving Credit Exposures exceeding the aggregate Revolving Credit Commitments, provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. All Swingline Loans shall be ABR Loans. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Swingline Loans.

Appears in 1 contract

Samples: Credit Agreement (Foster Wheeler Ag)

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