Common use of Borrowings to Repay Swing Loans Clause in Contracts

Borrowings to Repay Swing Loans. The Swing Loan Lender may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans. 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 2.4 without regard to any of the requirements of that provision. Upon notice from the Swing Loan Lender, the Agent shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex or electronic transmission) that such Revolving Credit Loans are to be made under this Section 2.8 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 are then satisfied) by the time the Swing Loan Lender so requests, which shall not be earlier than 3:00 p.m., Pittsburgh time, on the Business Day next after the date the Revolving Credit Lenders receive such notice from the Agent.

Borrowings to Repay Swing Loans. The Swing Loan Lender PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Lender's Revolving Credit 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 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 Revolving Credit Ratable Share of the Dollar Equivalent amount of Letters of Credit Outstanding 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 2.4 2.4.1 without regard to any of the requirements of that provision. Upon notice from the Swing Loan Lender, the Agent PNC Bank shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex facsimile or electronic transmissiontelex) that such Revolving Credit Loans are to be made under this Section 2.8 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 6.2 are then satisfied) by the time the Swing Loan Lender PNC Bank so requests, which shall not be earlier than 3:00 p.m., p.m. Pittsburgh time, time on the next Business Day next after the date the Revolving Credit Lenders receive such notice from the AgentPNC Bank.

Borrowings to Repay Swing Loans. The Swing Loan Lender PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Revolving Credit 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 Revolving Credit Loans in excess of its Revolving Credit Commitment, minus its Ratable Share of Letter of Credit Obligations. 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 2.4 2.5.1 [Revolving Credit Loan Requests] without regard to any of the requirements of that provision. Upon notice from the Swing Loan Lender, the Agent PNC Bank shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex or electronic transmission) that such Revolving Credit Loans are to be made under this Section 2.8 2.9 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 2.5.1 [Revolving Credit Loan Requests] or Section 7 [Conditions of Lending and Issuance of Letters of Credit] are then satisfied) by the time the Swing Loan Lender PNC Bank so requests, which shall not be earlier than 3:00 p.m., p.m. Pittsburgh time, time on the Business Day next after the date the Revolving Credit Lenders receive such notice from the AgentPNC Bank.

Borrowings to Repay Swing Loans. The Swing Loan Lender may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s 's Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if the Swing Loan Lender so requests, accrued interest thereon, provided that no Lender shall be obligated in any event to make 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 2.4 2.4.1 without regard to any of the requirements of that provision. Upon notice from the The Swing Loan Lender, the Agent Lender shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex facsimile or electronic transmissiontelex) that such Revolving Credit Loans are to be made under this Section 2.8 2.5.5 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 6.2 are then satisfied) by the time the Swing Loan Lender so requests, which shall not be earlier than 3:00 p.m., p.m. Pittsburgh time, time on the next Business Day next after the date the Revolving Credit Lenders receive such notice from the AgentSwing Loan Lender.

Borrowings to Repay Swing Loans. The Swing Loan Lender may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if the Swing Loan Lender so requests, accrued interest thereon, provided that no Lender shall be obligated in any event to make 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 2.4 2.4.1 without regard to any of the requirements of that provision. Upon notice from the The Swing Loan Lender, the Agent Lender shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex or electronic transmissione-mail notice) that such Revolving Credit Loans are to be made under this Section 2.8 2.5.5 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 6.2 are then satisfied) by the time the Swing Loan Lender so requests, which shall not be earlier than 3:00 p.m., p.m. Pittsburgh time, time on the next Business Day next after the date the Revolving Credit Lenders receive such notice from the AgentSwing Loan Lender.

Borrowings to Repay Swing Loans. The Swing Loan Lender PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s '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 Revolving Credit Loans in excess of its Commitment minus its Ratable Share of LC Exposure. 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 2.4 2.5.1 [Revolving Credit Loan Requests] without regard to any of the requirements of that provision. Upon notice from the Swing Loan Lender, the The Paying Agent on behalf of PNC Bank shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex facsimile or electronic transmissiontelex) no later than 11:00 a.m. on any Business Day that such Revolving Credit Loans are to be made under this Section 2.8 2.10 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 2.5 or Section 7.2 are then satisfied) by to the time the Swing Loan Lender so requestsPaying Agent on behalf of PNC Bank, which shall not be earlier no later than 3:00 p.m., Pittsburgh time, on the same Business Day next after (the date the Revolving Credit Lenders receive such notice from the Agent"Settlement Date").

Borrowings to Repay Swing Loans. The Swing Loan Lender PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Revolving Credit 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 Revolving Credit Loans in excess of its Commitment minus its Ratable Share of LC Exposure. 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 2.4 2.5.1 [Revolving Credit Loan Requests] without regard to any of the requirements of that provision. Upon notice from the Swing Loan Lender, the The Paying Agent on behalf of PNC Bank shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex facsimile or electronic transmissiontelex) no later than 10:00 a.m. on any Business Day that such Revolving Credit Loans are to be made under this Section 2.8 2.11 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 2.5 or Section 7.2 are then satisfied) by to the time the Swing Loan Lender so requestsPaying Agent on behalf of PNC Bank, which shall not be earlier no later than 3:00 p.m., Pittsburgh time, on the next Business Day next after (the date the Revolving Credit Lenders receive such notice from the Agent“Settlement Date”).

Borrowings to Repay Swing Loans. The Swing Loan Lender PNC Bank may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Revolving Credit 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 Revolving Credit Loans in excess of its Commitment minus its Ratable Share of LC Exposure. 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 2.4 2.5.1 [Revolving Credit Loan Requests] without regard to any of the requirements of that provision. Upon notice from the Swing Loan Lender, the The Paying Agent on behalf of PNC Bank shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex facsimile or electronic transmissiontelex) no later than 10:00 a.m. on any Business Day that such Revolving Credit Loans are to be made under this Section 2.8 2.10 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 2.5 or Section 7.2 are then satisfied) by to the time the Swing Loan Lender so requestsPaying Agent on behalf of PNC Bank, which shall not be earlier no later than 3:00 p.m., Pittsburgh time, on the next Business Day next after (the date the Revolving Credit Lenders receive such notice from the Agent“Settlement Date”).

Borrowings to Repay Swing Loans. The Swing Loan Lender PNC may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s 's Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if PNC so requests, accrued interest thereon, provided that no Lender 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 2.4 2.5.1 without regard to any of the requirements of that provision. Upon notice from the Swing Loan Lender, the Agent PNC shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex facsimile or electronic transmissiontelex) that such Revolving Credit Loans are to be made under this Section 2.8 2.9 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 2.5.1 are then satisfied) by the time the Swing Loan Lender PNC so requests, which shall not be earlier than 3:00 p.m., p.m. Pittsburgh time, time on the Business Day next after the date the Revolving Credit Lenders receive such notice from the AgentPNC.

Borrowings to Repay Swing Loans. The Swing Loan Lender may, at its option, exercisable at any time for any reason whatsoever, demand repayment of the Swing Loans, and each Revolving Credit Lender shall make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s Ratable Share of the aggregate principal amount of the outstanding Swing Loans, plus, if the Swing Loan Lender so requests, accrued interest thereon, provided that no Lender shall be obligated in any event to make 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 2.4 2.4.1 without regard to any of the requirements of that provision. Upon notice from the The Swing Loan Lender, the Agent Lender shall provide notice to the Revolving Credit Lenders (which may be telephonic or written notice by letter, facsimile, telex facsimile or electronic transmissiontelex) that such Revolving Credit Loans are to be made under this Section 2.8 2.5.5 and of the apportionment among the Revolving Credit Lenders, and the Revolving Credit Lenders shall be unconditionally obligated to fund such Revolving Credit Loans (whether or not the conditions specified in Section 2.4 6.2 are then satisfied) by the time the Swing Loan Lender so requests, which shall not be earlier than 3:00 p.m., p.m. Pittsburgh time, time on the next Business Day next after the date the Revolving Credit Lenders receive such notice from the AgentSwing Loan Lender.