Common use of New Swing Line Advances Clause in Contracts

New Swing Line Advances. So long as any Revolving Lender is a Defaulting Lender, no Swing Line Bank shall be required to fund any Swing Line Advances unless the participations of Defaulting Lenders in such Swing Line Advances have been fully reallocated in accordance with Section 2.18(a)(iii).

Appears in 5 contracts

Samples: Credit Agreement (Perspecta Inc.), Credit Agreement (Perspecta Inc.), Credit Agreement (Perspecta Inc.)

AutoNDA by SimpleDocs

New Swing Line Advances. So long as any Revolving Lender is a Defaulting Lender, no Swing Line Bank Lender shall be required to fund any Swing Line Advances unless the participations of Defaulting Lenders in it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Advances have been fully reallocated in accordance with Section 2.18(a)(iii)Advance.

Appears in 5 contracts

Samples: Five Year Credit Agreement (Stanley Black & Decker, Inc.), Five Year Credit Agreement (Stanley Black & Decker, Inc.), Five Year Credit Agreement (Stanley Black & Decker, Inc.)

AutoNDA by SimpleDocs

New Swing Line Advances. So long as any Revolving Lender is a Defaulting Lender, no Swing Line Bank Lender shall be required to fund any Swing Line Advances unless the participations of Defaulting Lenders in it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Advances have been fully reallocated in accordance with Section 2.18(a)(iii).Advance. 364-DAY CREDIT AGREEMENT

Appears in 1 contract

Samples: Credit Agreement (Stanley Black & Decker, Inc.)

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