Common use of Designation of Additional Swingline Lenders Clause in Contracts

Designation of Additional Swingline Lenders. The Borrower may, at any time and from time to time, designate as an additional Swingline Lender one or more RC Facility Lenders that agree to serve in such capacity as provided below. The acceptance by an RC Facility Lender of an appointment as a Swingline Lender hereunder shall be evidenced by a written agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent and the Borrower, executed by the Borrower, the Administrative Agent and such designated RC Facility Lender and, from and after the effective date of such agreement, (i) such RC Facility Lender shall have all the rights and obligations of a Swingline Lender under this Agreement and (ii) references herein to the term “Swingline Lender” shall be deemed to include such RC Facility Lender in its capacity as a Swingline Lender hereunder and references to “Swingline Loans” and the “Swingline Commitment” shall be construed as references to the Swingline Loans and Swingline Commitment of the applicable Swingline Lender or all Swingline Lenders as the context may require.