Common use of Multicurrency Swingline Loans Clause in Contracts

Multicurrency Swingline Loans. Each Multicurrency Swingline Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make loans in any Currency other than Japanese Yen (each, a “Multicurrency Swingline Loan,” and collectively with the Dollar Swingline Loans, the “Swingline Loans”) to anythe Borrower (on a several basis), from time to time on any Business Day during the period from the Closing Date to but excluding the Swingline Maturity Date (or, if earlier, the Final Termination Date), in an aggregate principal amount up to such Multicurrency Swingline Lender’s Multicurrency Revolving Commitment as of, in the case of BofA and Xxxxx Fargo, the ThirdFifth Amendment Effective Date or, in the case of any other Multicurrency Swingline Lender, the date on which it became a Multicurrency Swingline Lender hereunder (as reduced by any subsequent assignments of such Multicurrency Swingline Lender’s obligations to make Multicurrency Swingline Loans in accordance with Section 10.6); provided that no Borrowing of Multicurrency Swingline Loans shall be made if, immediately after giving effect thereto, (x) the Multicurrency Revolving Credit Exposure of any Multicurrency Revolving Lender would exceed its Multicurrency Revolving Commitment at such time, (y) the Aggregate Multicurrency Revolving Credit Exposure would exceed the aggregate Multicurrency Revolving Commitments at such time or (z) any Multicurrency Revolving Lender is at such time a Defaulting Lender hereunder unless each Swingline Lender is satisfied it will have no Fronting Exposure after giving effect to such Multicurrency Swingline Loan. Subject to and on the terms and conditions of this Agreement, eachthe Borrower may borrow, repay (including by means of a Borrowing of Multicurrency Revolving Loans pursuant to Section 2.2(e)) and reborrow Multicurrency Swingline Loans. Notwithstanding anything to the contrary contained herein or in any other Credit Document, no Multicurrency Swingline Loans shall be made to the Subsidiary Borrower on and after the Third Amendment Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Intercontinental Exchange, Inc.)

AutoNDA by SimpleDocs

Multicurrency Swingline Loans. Each Multicurrency The Swingline Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make loans in any Currency other than Japanese Yen (each, a “Multicurrency Swingline Loan,” and collectively with the Dollar Swingline Loans, the “Swingline Loans”) to anythe any Borrower (on a several basis)) under the Multicurrency Revolving Commitments, from time to time on any Business Day during the period from the Closing Date to but excluding the Swingline Maturity Date (or, if earlier, the Final Termination Date), in an aggregate principal amount up at any time outstanding not exceeding the Multicurrency Swingline Commitment. Multicurrency Swingline Loans may be made even if the aggregate Dollar Amount of Multicurrency Swingline Loans outstanding at any time, when added to the Dollar Amount of the Multicurrency Revolving Loans made by the Swingline Lender and its Multicurrency Letter of Credit Exposure in its capacity as a Multicurrency Revolving Lender outstanding at such Multicurrency time, would exceed the Swingline Lender’s own Multicurrency Revolving Commitment as of, in the case of BofA and Xxxxx Fargo, the ThirdFifth Amendment Effective Date or, in the case of any other Multicurrency Swingline Lender, the date on which it became a Multicurrency Swingline Lender hereunder (as reduced by any subsequent assignments of at such Multicurrency Swingline Lender’s obligations to make Multicurrency Swingline Loans in accordance with Section 10.6)time; provided that no Borrowing of Multicurrency Swingline Loans shall be made if, immediately after giving effect thereto, (x) the Multicurrency Revolving Credit Exposure of any Multicurrency Revolving Lender would exceed its Multicurrency Revolving Commitment at such time, (y) the Aggregate Multicurrency Revolving Credit Exposure would exceed the aggregate Multicurrency Revolving Commitments at such time or (z) any Multicurrency Revolving Lender is at such time a Defaulting Lender hereunder unless each the Swingline Lender is satisfied it will have no Fronting Exposure after giving effect to such Multicurrency Swingline Loan. Subject to and on the terms and conditions of this Agreement, eachthe each Borrower may borrow, repay (including by means of a Borrowing of Multicurrency Revolving Loans pursuant to Section 2.2(e)) and reborrow Multicurrency Swingline Loans. Notwithstanding anything to the contrary contained herein or in any other Credit Document, no Multicurrency Swingline Loans shall be made to the Subsidiary Borrower on and after the Third Amendment Effective Date.

Appears in 1 contract

Samples: Credit Agreement (IntercontinentalExchange Group, Inc.)

Multicurrency Swingline Loans. Each Multicurrency Swingline Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make loans in any Currency other than Japanese Yen (each, a “Multicurrency Swingline Loan,” and collectively with the Dollar Swingline Loans, the “Swingline Loans”) to anythe the Borrower (on a several basis), from time to time on any Business Day during the period from the Closing Date to but excluding the Swingline Maturity Date (or, if earlier, the Final Termination Date), in an aggregate principal amount up to such Multicurrency Swingline Lender’s Multicurrency Revolving Commitment as of, in the case of BofA and Xxxxx Wxxxx Fargo, the ThirdFifth Fifth Amendment Effective Date or, in the case of any other Multicurrency Swingline Lender, the date on which it became a Multicurrency Swingline Lender hereunder (as reduced by any subsequent assignments of such Multicurrency Swingline Lender’s obligations to make Multicurrency Swingline Loans in accordance with Section 10.6); provided that no Borrowing of Multicurrency Swingline Loans shall be made if, immediately after giving effect thereto, (x) the Multicurrency Revolving Credit Exposure of any Multicurrency Revolving Lender would exceed its Multicurrency Revolving Commitment at such time, (y) the Aggregate Multicurrency Revolving Credit Exposure would exceed the aggregate Multicurrency Revolving Commitments at such time or (z) any Multicurrency Revolving Lender is at such time a Defaulting Lender hereunder unless each Swingline Lender is satisfied it will have no Fronting Exposure after giving effect to such Multicurrency Swingline Loan. Subject to and on the terms and conditions of this Agreement, eachthe the Borrower may borrow, repay (including by means of a Borrowing of Multicurrency Revolving Loans pursuant to Section 2.2(e)) and reborrow Multicurrency Swingline Loans. Notwithstanding anything to the contrary contained herein or in any other Credit Document, no Multicurrency Swingline Loans shall be made to the Subsidiary Borrower on and after the Third Amendment Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Intercontinental Exchange, Inc.)

Multicurrency Swingline Loans. Each TheEach Multicurrency Swingline Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make loans in any Currency other than Japanese Yen (each, a “Multicurrency Swingline Loan,” and collectively with the Dollar Swingline Loans, the “Swingline Loans”) to anythe any Borrower (on a several basis)) under the Multicurrency Revolving Commitments, from time to time on any Business Day during the period from the Closing Date to but excluding the Swingline Maturity Date (or, if earlier, the Final Termination Date), in an aggregate principal amount up at any time outstanding not exceeding the Multicurrency Swingline Commitment. Multicurrency Swingline Loans may be made even if the aggregate Dollar Amount of Multicurrency Swingline Loans outstanding at any time, when added to the Dollar Amount of theup to such Multicurrency Swingline Lender’s Multicurrency Revolving Commitment Loans made by the Swingline Lender and its Multicurrency Letter of Credit Exposure in its capacity as a Multicurrency Revolving Lender outstanding at such time, would exceed the Swingline Lender’s ownCommitment as of, in the case of BofA and Xxxxx Wxxxx Fargo, the ThirdFifth Third Amendment Effective Date or, in the case of any other Multicurrency Swingline Lender, the date on which it became a Multicurrency Swingline Lender hereunder (as reduced by any subsequent assignments of such Multicurrency Swingline Lender’s obligations to make Multicurrency Swingline Revolving Commitment at such timeSwingline Loans in accordance with Section 10.6); provided that no Borrowing of Multicurrency Swingline Loans shall be made if, immediately after giving effect thereto, (x) the Multicurrency Revolving Credit Exposure of any Multicurrency Revolving Lender would exceed its Multicurrency Revolving Commitment at such time, (y) the Aggregate Multicurrency Revolving Credit Exposure would exceed the aggregate Multicurrency Revolving Commitments at such time or (z) any Multicurrency Revolving Lender is at such time a Defaulting Lender hereunder unless each theeach Swingline Lender is satisfied it will have no Fronting Exposure after giving effect to such Multicurrency Swingline Loan. Subject to and on the terms and conditions of this Agreement, eachthe each Borrower may borrow, repay (including by means of a Borrowing of Multicurrency Revolving Loans pursuant to Section 2.2(e)) and reborrow Multicurrency Swingline Loans. Notwithstanding anything to the contrary contained herein or in any other Credit Document, no Multicurrency Swingline Loans shall be made to the Subsidiary Borrower on and after the Third Amendment Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Intercontinental Exchange, Inc.)

AutoNDA by SimpleDocs

Multicurrency Swingline Loans. Each Multicurrency Swingline Lender severally agrees, subject to and on the terms and conditions of this Agreement, to make loans in any Currency other than Japanese Yen (each, a “Multicurrency Swingline Loan,” and collectively with the Dollar Swingline Loans, the “Swingline Loans”) to anythe the Borrower (on a several basis), from time to time on any Business Day during the period from the Closing Date to but excluding the Swingline Maturity Date (or, if earlier, the Final Termination Date), in an aggregate principal amount up to such Multicurrency Swingline Lender’s Multicurrency Revolving Commitment as of, in the case of BofA and Xxxxx Fargo, the ThirdFifth FifthTenth Amendment Effective Date or, in the case of any other Multicurrency Swingline Lender, the date on which it became a Multicurrency Swingline Lender hereunder (as reduced by any subsequent assignments of such Multicurrency Swingline Lender’s obligations to make Multicurrency Swingline Loans in accordance with Section 10.6); provided that no Borrowing of Multicurrency Swingline Loans shall be made if, immediately after giving effect thereto, (x) the Multicurrency Revolving Credit Exposure of any Multicurrency Revolving Lender would exceed its Multicurrency Revolving Commitment at such time, (y) the Aggregate Multicurrency Revolving Credit Exposure would exceed the aggregate Multicurrency Revolving Commitments at such time or (z) any Multicurrency Revolving Lender is at such time a Defaulting Lender hereunder unless each Multicurrency Swingline Lender is satisfied it will have no Fronting Exposure after giving effect to such Multicurrency Swingline Loan. Subject to and on the terms and conditions of this Agreement, eachthe the Borrower may borrow, repay (including by means of a Borrowing of Multicurrency Revolving Loans pursuant to Section 2.2(e)) and reborrow Multicurrency Swingline Loans. Notwithstanding anything to the contrary contained herein or in any other Credit Document, no Multicurrency Swingline Loans shall be made to the Subsidiary Borrower on and after the Third Amendment Effective Date.

Appears in 1 contract

Samples: Credit Agreement (Intercontinental Exchange, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.