Commitment to Make Swingline Loans Sample Clauses

Commitment to Make Swingline Loans. Subject to all of the terms and conditions of this Agreement (including the conditions set forth in Sections 6.1 and 6.2 and the limitations set forth in Section 2.2.1), and in reliance upon the representations and warranties of the Borrower set forth herein and the agreements of the other Lenders set forth in Sections 2.3.3 and 2.3.4, the Swingline Lender hereby agrees to make Swingline Loans to the Borrower from time to time during the Commitment Period, in an aggregate principal amount not to exceed $10,000,000 outstanding at any time, for the purposes identified in Section 2.11; provided however, that (a) in no event shall the aggregate principal amount of the Swingline Loans exceed the Swingline Commitments then in effect, and (b) in no event shall the aggregate principal amount of the Swingline Loans, Revolving Loans and Letter of Credit Liabilities then outstanding exceed an amount equal to the lesser of (x) the sum of the Revolving Credit Commitments, Swingline Commitments and the Letter of Credit Commitments in effect as such time and (y) amount of the Borrowing Base in effect at such time. Amounts borrowed by the Borrower under the Swingline Commitment may be prepaid and reborrowed from time to time during the Commitment Period. The Swingline Lender's commitment to make Swingline Loans as provided in this Section 2.3.1 shall expire upon the expiration of the Commitment Period, and all Swingline Loans shall be paid in full no later than the Maturity Date as it may be extended.
Sample 1
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Commitment to Make Swingline Loans. During the Revolving Credit Period, the Swingline Lender agrees, on the terms and conditions set forth in this Agreement, to make Swingline Loans to the U.S. Borrowers pursuant to this Section from time to time, provided that, immediately after each such Swingline Loan is made, (w) the aggregate principal amount of outstanding Swingline Loans shall not exceed $25,000,000, (x) the aggregate U.S. Outstandings of each U.S. Lender (including the Swingline Lender ) would not exceed its U.S. Commitment, (y) the U.S. Total Outstanding Amount would not exceed the U.S. Maximum Availability and (z) the Total Company Outstanding Amount would not exceed $200,000,000, and provided further that the Swingline Lender shall not be required to make a Swingline Loan on any date that is the last day of a calendar quarter; and provided further that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Each Swingline Borrowing under this Section shall be in an aggregate principal amount of $100,000 or any larger multiple of $100,000. Within the foregoing limits, the U.S. Borrowers may borrow under this Section, prepay Swingline Loans to the extent permitted by subsection (f) of this Section and, on the terms and conditions set forth in this Agreement, reborrow Swingline Loans under this Section at any time during the Revolving Credit Period.
Sample 1
Commitment to Make Swingline Loans. Subject to all of the terms and conditions of this Agreement (including the conditions set forth in Sections 6.1 and 6.2 and the limitations set forth in Section 2.3.1), and in reliance upon the representations and warranties of the Borrower set forth herein and the agreements of the other Lenders set forth in Sections 2.4.3 and 2.4.4, the Swingline Lender hereby agrees to make Swingline Loans to the Borrower from time to time during the Revolving Credit Commitment Period, in an aggregate principal amount not to exceed [NOT APPLICABLE] outstanding at any time, for the purposes identified in Section 2.12, notwithstanding the fact that the aggregate amount of the outstanding Swingline Loans, when added to the Swingline Lender's Percentage of the outstanding Revolving Loans and Letter of Credit Liabilities, from time to time may exceed the amount of such Lender's Revolving Credit Commitment. Immediately upon the making of a Swingline Loan, each Lender holding a Revolving Credit Commitment shall be deemed to have purchased, and hereby irrevocably and unconditionally agrees to purchase, from the Swingline Lender a risk participation in such Swingline Loan in an amount equal to the product obtained by multiplying such Lender's Percentage by the amount of such Swingline Loan. Amounts borrowed by the Borrower under the Swingline Commitment may be prepaid and reborrowed from time to time during the Revolving Credit Commitment Period. The Swingline Lender's commitment to make Swingline Loans as provided in this Section 2.4.1 shall expire upon the expiration of the Revolving Credit Commitment Period, and all Swingline Loans shall be paid in full no later than the Maturity Date.
Sample 1
Commitment to Make Swingline Loans. Subject to all of the terms and conditions of this Agreement (including the conditions set forth in Sections 6.1 and 6.2 and the limitations set forth in Section 2.3.1), and in reliance upon the representations and warranties of the Borrower set forth herein, the Swingline Lender hereby agrees to make Swingline Loans to the Borrower from time to time during the Swingline Commitment Period, for the purposes identified in Section 2.12, in an aggregate principal amount at any time outstanding not to exceed the amount of the Swingline Commitment at such time. Swingline Loans may be Eurodollar Loans or Base Rate Loans. The Swingline Lender's commitment to make Swingline Loans as provided in this Section 2.4 shall expire upon the expiration of the Swingline Commitment Period, and all Swingline Loans shall be paid in full no later than the Revolving Credit Maturity Date.
Sample 1
Commitment to Make Swingline Loans. Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make loans to the Borrower (each such loan, a “Swingline Loan”) from time to time during the Revolving Credit 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 $100,000,000 or (ii) the Total Outstanding Amount exceeding the aggregate amount of the Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Each Swingline Loan shall be in an aggregate principal amount that is an integral multiple of $1,000,000, except that any Swingline Loan may be in the aggregate amount of unused Commitments or in an aggregate amount that is required to finance the reimbursement of all or any portion of any Letter of Credit Disbursement as provided in Section 2.04(c)(i). Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans.
Sample 1
Commitment to Make Swingline Loans. (i) Subject to and upon the terms and conditions herein set forth, the Swingline Lender severally agrees, at any time and from time to time on and after the Closing Date and prior to the Swingline Maturity Date, to make a loan or loans (each a "Swingline Loan" and, collectively, the "Swingline Loans") to the Borrower, which Swingline Loans:
Sample 1

Related to Commitment to Make Swingline Loans

  • Agreement to Make Swingline Loans Subject to the terms and conditions set forth herein, each Swingline Lender severally agrees to make Swingline Loans under each Commitment to the Borrower from time to time during the 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 of both Classes exceeding $50,000,000 or the aggregate principal amount of outstanding Swingline Loans of any Swingline Lender exceeding $25,000,000, (ii) the sum of any Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure exceeding its Multicurrency Commitment; (iii) the total Revolving Dollar Credit Exposures exceeding the aggregate Dollar Commitments at such time, (iv) the total Revolving Multicurrency Credit Exposures exceeding the aggregate Multicurrency Commitments at such time or (v) the total Covered Debt Amount exceeding the Borrowing Base then in effect; 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.

  • Revolving Loan Commitments Lender will make loans to Borrower on a revolving basis (“Revolving Loans”) from time to time and Borrower may repay such loans from time to time until the Termination Date in such amounts as Borrower may request from Lender; provided, that after giving effect to such Revolving Loans, the Revolving Loans outstanding will not at any time exceed the Borrowing Availability.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Disbursement of Revolving Credit and Swingline Loans Not later than 2:00 p.m. on the proposed borrowing date, (i) each Revolving Credit Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date and (ii) the Swingline Lender will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, the Swingline Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse the proceeds of each borrowing requested pursuant to this Section in immediately available funds by crediting or wiring such proceeds to the deposit account of the Borrower identified in the most recent notice substantially in the form attached as Exhibit C (a “Notice of Account Designation”) delivered by the Borrower to the Administrative Agent or as may be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 5.7 hereof, the Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to this Section to the extent that any Revolving Credit Lender has not made available to the Administrative Agent its Revolving Credit Commitment Percentage of such Loan. Revolving Credit Loans to be made for the purpose of refunding Swingline Loans shall be made by the Revolving Credit Lenders as provided in Section 2.2(b).

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • New Swingline Loans/Letters of Credit So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Revolving Credit Loans The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date.

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • Procedure for Advances of Revolving Credit Loans and Swingline Loans Section 2.4 Repayment and Prepayment of Revolving Credit and Swingline Loans

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