Limitations on Swingline Advances Clause Samples
Limitations on Swingline Advances. CPC shall not be obligated to make any particular Swingline Advance, the making of any particular Swingline Advance at any particular time being absolutely discretionary. In any event, no Swingline Advance will be made on or after the Termination Date, and no Swingline Advance will be made which would result in the Swingline Loan exceeding the Maximum Swingline Amount. CPC may, however, in its absolute discretion make such Swingline Advances, but shall not be deemed by doing so to have increased the Maximum Swingline Amount and shall not be obligated to make any such Swingline Advance thereafter. CPC will not, without the prior consent (which may be written or oral) of each Lender, knowingly make any Swingline Advance which would cause the aggregate amount of the Aggregate Revolving Loan to exceed the Revolving Loan Maximum Available Amount as of such date immediately prior to the making of any such Swingline Advance. The Maximum Swingline Amount on any date for any Swingline Advance shall be a Dollar amount equal to the lesser of (a) Twenty-Five Million Dollars ($25,000,000) less the outstanding principal amount of any Swingline Loans and (b) the amount by which the Revolving Loan Maximum Available Amount as of such date exceeds the Aggregate Revolving Loans.
Limitations on Swingline Advances. No Swingline Advance will be made on or after the Revolving Loan Maturity Date, and no Swingline Advance will be made which would result in the Swingline Loan exceeding the Swingline Maximum Available Amount. The Swingline Maximum Available Amount on any date shall be a Dollar amount equal to the lesser of (i) $3,000,000, or (ii) an amount equal to the Aggregate Revolving Loan Commitment minus the sum of the Aggregate Revolving Loan and the Letter of Credit Exposure immediately prior to the making of such Swingline Advance.
Limitations on Swingline Advances. No Swingline Advance will be made on or after the Revolving Loan Maturity Date, and no Swingline Advance will be made which would result in the Outstanding Amount of the Swingline Loan exceeding the Swingline Maximum Available Amount. The Swingline Maximum Available Amount on any date shall be a Dollar amount equal to the lesser of (i) the Swingline Subfacility Amount, or (ii) an amount equal to the Aggregate Revolving Loan Commitment minus the sum of the Outstanding Amount of the Aggregate Revolving Loan and the Outstanding Amount of the Letter of Credit Exposure immediately prior to the making of such Swingline Advance. The Swingline Subfacility Amount is initially $3,000,000, but may decrease from time to time as provided herein.
Limitations on Swingline Advances. The last sentence of Section 3.2.2 of the Loan Agreement is deleted and replaced with the following: “The Maximum Swingline Amount on any date shall be a Dollar amount equal to the lesser of (i) $10,000,000 or (ii) an amount equal to (a) the Aggregate Revolving Loan Commitment, minus (b) the sum of (i) the Letter of Credit Exposure and (ii) the Aggregate Revolving Loan immediately prior to the making of such Swingline Advance.”
Limitations on Swingline Advances. No Swingline Advance will be made on or after the Revolving Loan Maturity Date, no Swingline Advance will be made which would result in the Dollar Equivalent Amount of the Swingline Loan exceeding the Maximum Swingline Amount, and no Swingline Advance will be made in a Dollar Equivalent Amount less than $250,000 for Advances denominated in an Offshore Currency and $250,000 for Advances denominated in Dollars. Administrative Agent may, however, in its absolute discretion make any such Swingline Advances, but shall not be deemed by doing so to have increased the Maximum Swingline Amount or reduced the minimum amount for Swingline Advances and shall not be obligated to make any such Swingline Advance thereafter. The "Maximum Swingline Amount" on any date for any Swingline Advance shall be a Dollar Equivalent Amount equal to the lesser of (i) $10,000,000 minus the Letter of Credit Exposure with respect to all outstanding Swingline Letters of Credit and (ii) an amount equal to the Maximum Available Amount as of such date minus the Dollar Equivalent Amount of the Aggregate Revolving Loan immediately prior to the making of such Swingline Advance.
Limitations on Swingline Advances. Boatmen's shall not be obligated to make any particular Swingline Advance, the making of any particular Swingline Advance at any particular time being absolutely discretionary. In any event, no Swingline Advance will be made on or after the Revolver Maturity Date, and no Swingline Advance will be made which would result in the Swingline Loan exceeding the Maximum Swingline Amount. Boatmen's may, however, in its absolute discretion make such Swingline Advances, but shall not be deemed by doing so to have increased the Maximum Swingline Amount and shall not be obligated to make any such Swingline Advance thereafter. The "Maximum Swingline Amount" on any date for any Swingline Advance shall be a Dollar amount equal to the lesser of (i) $3,000,000, or (ii) any excess of the Maximum Available Amount (determined prior to the making of such Swingline Advance) over the Aggregate Revolving Loan as of such date.
Limitations on Swingline Advances. Boatmen's shall not be obligated to make any particular Swingline Advance, the making of any particular Swingline Advance at any particular time being absolutely discretionary. In any event, no Swingline Advance will be made on or after the Revolver Maturity Date, and no Swingline Advance will be made which would result in the Swingline Loan exceeding the Maximum Swingline Amount. Boatmen's may, however, in its absolute discretion make such Swingline Advances, but shall not be deemed by doing so to have increased the Maximum Swingline Amount and shall not be obligated to make any such Swingline Advance thereafter. The "Maximum Swingline Amount" on any date for any Swingline Advance shall be a Dollar amount equal to the lesser of (i) $3,000,000, or (ii) any excess of the Maximum Available Amount (determined prior to the making of such Swingline Advance) over the Aggregate Revolving Loan as of such date.