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, each Swingline Lender agrees to 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 $20,000,000 or (ii) the sum of the total Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans exceeding the total Revolving Commitments; provided that no Swingline Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the 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)

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Agreement to Make Swingline Loans. Subject to the terms and --------------------------------- conditions set forth herein, each Swingline Lender agrees to 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 $20,000,000 or (ii) the sum of the total Revolving Exposures plus the aggregate principal amount of outstanding Competitive Loans exceeding the total Revolving Commitments; provided that no neither Swingline Lender shall be required -------- to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the 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, each the Swingline Lender agrees to make Swingline Loans to the Borrower Borrowers from time to time during the Revolving Credit 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 $20,000,000 25,000,000, (ii) the Revolving Credit Exposure of any Revolving Credit Lender, after giving effect to the applicable Swingline Loan, exceeding the Revolving Credit Commitment of such Revolving Credit Lender or (iiiii) the sum of the total Revolving Credit Exposures plus the aggregate principal amount of outstanding Competitive Loans exceeding the total Revolving Credit Commitments; provided that no the Swingline Lender shall not be required to make a -------- Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower Borrowers 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.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, each the Swingline Lender agrees to make Swingline Loans under each Commitment to the Borrower from time to time during the Revolving Availability Period, in Dollars 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 $20,000,000 or 125,000,000, (ii) the sum of total Revolving Dollar Credit Exposures exceeding the aggregate Dollar Commitments, (iii) the total Revolving Multicurrency Credit Exposures plus exceeding the aggregate principal amount of outstanding Competitive Loans Multicurrency Commitments or (iv) the total Covered Debt Amount exceeding the total Revolving CommitmentsBorrowing Base then in effect; provided that no the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the 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: Guarantee and Security Agreement (Apollo Investment Corp)

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Agreement to Make Swingline Loans. Subject to the terms and conditions set forth herein, each the Swingline Lender agrees to make Swingline Loans under each Commitment to the Borrower from time to time during the Revolving Availability Period, in Dollars 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 $20,000,000 or 25,000,000, (ii) the sum of total Revolving Dollar Credit Exposures exceeding the aggregate Dollar Commitments, (iii) the total Revolving Multicurrency Credit Exposures plus exceeding the aggregate principal amount of outstanding Competitive Loans Multicurrency Commitments or (iv) the total Covered Debt Amount exceeding the total Revolving CommitmentsBorrowing Base then in effect; provided that no the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the 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: Secured Revolving Credit Agreement (BlackRock Kelso Capital CORP)

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