Common use of Borrowings to Repay Swing Loans Clause in Contracts

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender shall make a Loan in an amount equal to such Lender’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, that no Lender shall be obligated in any event to make Loans in excess of its Commitment. Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders (which may be telephonic or written notice by letter, facsimile or telex) that such Loans are to be made under this Section 2.8 and of the apportionment among the Lenders, and the Lenders shall be unconditionally obligated to fund such Loans (whether or not the conditions specified in Section 6.2 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 p.m. Pittsburgh time on the Business Day next after the date the Lenders receive such notice from PNC Bank.

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender Bank shall make a Revolving Credit Loan in an amount equal to such LenderBank’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, provided that no Lender Bank shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 2.5.1 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders Banks (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.8 2.9 and of the apportionment among the LendersBanks, and the Lenders Banks shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 2.5.1 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 2:00 p.m. Pittsburgh time on the Business Day next after the date the Lenders Banks receive such notice from PNC Bank.

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender Bank shall make a Revolving Credit Loan in an amount equal to such LenderBank’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, provided that no Lender Bank shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 2.5.1 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders Banks (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.8 2.8.2 and of the apportionment among the LendersBanks, and the Lenders Banks shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 2.5.1 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 p.m. Pittsburgh time on the Business Day next after the date the Lenders Banks receive such notice from PNC Bank.

Borrowings to Repay Swing Loans. PNC Bank may, may at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender Bank shall make a Revolving Credit Loan in an amount equal sufficient to such Lender’s result in each Bank having its Ratable Share of the aggregate principal amount all outstanding Revolving Credit Loans after repayment of the outstanding Swing LoansLoans under this Section 2.9, plus, if PNC Bank so requests, accrued interest thereon; provided, provided that no Lender Bank shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence under this Section shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 2.4(a) without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders Banks (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.8 2.9 and of the apportionment among the LendersBanks, and the Lenders Banks shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 7.2 are then satisfied) by 3:00 p.m. Pittsburgh time on the time Business Day on which the Banks receive PNC's notice provided that PNC Bank so requestshas delivered such notice by 12:00 noon on such Business Day, which shall not be earlier than and if PNC delivers such notice after 12:00 noon on such Business Day, then by 3:00 p.m. Pittsburgh time on the Business Day next after succeeding the date on which the Lenders Banks receive such notice from PNC BankPNC.

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender Bank shall make a Revolving Credit Loan in an amount equal to such Lender’s Bank's Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, PROVIDED that no Lender Bank shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 2.5.1 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders (which may be telephonic or written notice by letter, facsimile or telex) Banks that such Revolving Credit Loans are to be made under this Section 2.8 2.9 and of the apportionment among the LendersBanks, and the Lenders Banks shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 2.5.1 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 p.m. Pittsburgh time on the Business Day next after the date the Lenders Banks receive such notice from PNC BankPNC.

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender Bank shall make a Revolving Credit Loan in an amount equal to such Lender’s Bank's Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, provided that no Lender Bank shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 2.5.1 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders Banks (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.8 2.9 and of the apportionment among the LendersBanks, and the Lenders Banks shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 2.5.1 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 2:00 p.m. Pittsburgh time on the Business Day next after the date the Lenders Banks receive such notice from PNC Bank.

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender Bank shall make a Revolving Credit Loan in an amount equal to such Lender’s Bank's Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, PROVIDED that no Lender Bank shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment and that the Revolving Facility Usage shall not exceed the Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 2.4.1 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders Banks (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.8 and of the apportionment among the LendersBanks, and the Lenders Banks shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 2.4.1 are then satisfiedsatisfied and whether or not an Event of Default or Potential Default (including any Event of Default specified in Section 8.1.14 or 8.1.15) by exists at the time PNC Bank so requests, which shall ) not be earlier later than 3:00 p.m. Pittsburgh time on the Business Day next after the date the Lenders Banks receive such notice from PNC Bank.

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand request repayment of the Swing Loans, and each Lender Bank shall make a Revolving Credit Loan in an amount equal to such Lender’s Bank's Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, provided that no Lender Bank shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 2.5.1 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders Banks (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.8 2.7 and of the apportionment among the LendersBanks, and the Lenders Banks shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 2.5.1 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 p.m. Pittsburgh time on the Business Day next after the date the Lenders Banks receive such notice from PNC Bank.

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender Bank shall make a Revolving Credit Loan in an amount equal to such LenderBank’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, provided that no Lender Bank shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 2.5.1 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders Banks (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.8 2.8.2 and of the apportionment among the LendersBanks, and the Lenders Banks shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 2.5.1 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 p.m. Pittsburgh time on the next Business Day next after the date the Lenders Banks receive such notice from PNC Bank.

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender shall make a Revolving Credit Loan in an amount equal to such Lender’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, provided that no Lender shall be obligated in any event to make Loans in excess any Revolving Credit Loan if after giving effect thereto, the sum of the Dollar Equivalent amount of its Revolving Credit Loans plus such Lender’s Ratable Share of the Dollar Equivalent amount of Letter of Credit Obligations exceeds its Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 2.4.1 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders (which may be telephonic or written notice by letter, facsimile or telex) that such Revolving Credit Loans are to be made under this Section 2.8 2.5.5 and of the apportionment among the Lenders, and the Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 p.m. Pittsburgh time on the next Business Day next after the date the Lenders receive such notice from PNC BankPNC.

Borrowings to Repay Swing Loans. PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Lender Bank shall make a Revolving Credit Loan in an amount equal to such Lender’s Bank's Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC Bank so requests, accrued interest thereon; provided, PROVIDED that no Lender Bank shall be obligated in any event to make Revolving Credit Loans in excess of its Revolving Credit Commitment. Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option and shall be deemed to have been properly requested in accordance with Section 2.5 without regard to any of the requirements of that provision. PNC Bank shall provide notice to the Lenders (which may be telephonic or written notice by letter, facsimile or telex) that such Loans are to be made under this Section 2.8 2.4.1 and of the apportionment among the LendersBanks, and the Lenders Banks shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 6.2 2.4.1 are then satisfied) by the time PNC Bank so requests, which shall not be earlier than 3:00 p.m. Pittsburgh time on the Business Day next after the date the Lenders Banks receive such notice from PNC BankPNC.