Common use of New Swing Line Loans Clause in Contracts

New Swing Line Loans. So long as any Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that the related exposure will be 100% covered by the Revolving Credit Commitments of the non-Defaulting Lenders and participating interests in any newly made Swing Line Loan shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.16(a)(iv) (and such Defaulting Lender shall not participate therein).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Fortive Corp), Credit Agreement (Fortive Corp)

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New Swing Line Loans. So long as any Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that the related exposure it will be 100% covered by the Revolving Credit Commitments of the non-Defaulting Lenders and participating interests in any newly made have no Fronting Exposure after giving effect to such Swing Line Loan shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.16(a)(iv) (and such Defaulting Lender shall not participate therein)Loan.

Appears in 2 contracts

Samples: Credit Agreement (Nuvera Communications, Inc.), Credit Agreement (Journal Communications Inc)

New Swing Line Loans. So long as any Lender is a Defaulting Lender, the no Swing Line Lender shall not be required to fund any Swing Line Loans Loan unless it is satisfied that the related exposure will be 100% covered by the Revolving Credit Loan Commitments of the nonNon-Defaulting Lenders and or participating interests in any such newly made Swing Line Loan shall be allocated among nonNon-Defaulting Lenders in a manner consistent with Section 2.16(a)(iv2.21(a)(iv) (and such Defaulting Lender Lenders shall not participate therein).

Appears in 2 contracts

Samples: Credit Agreement (World Point Terminals, LP), Credit Agreement (World Point Terminals, LP)

New Swing Line Loans. So long as any Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that the related exposure will be 100% covered by the Revolving Credit Aggregate Commitments of the nonNon-Defaulting Lenders and participating interests in any newly made Swing Line Loan shall be allocated among nonNon-Defaulting Lenders in a manner consistent with Section 2.16(a)(iv) (and such Defaulting Lender shall not participate therein).. 2.17

Appears in 1 contract

Samples: Credit Agreement (Danaher Corp /De/)

New Swing Line Loans. So long as any Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that the related exposure it will be 100% covered by the Revolving Credit Commitments of the non-Defaulting Lenders and participating interests in any newly made have no Fronting Exposure immediately after giving effect to such Swing Line Loan shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.16(a)(iv) (and such Defaulting Lender shall not participate therein)Loan.

Appears in 1 contract

Samples: Purchase Option Agreement (Preferred Apartment Communities Inc)

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New Swing Line Loans. So long as any Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loans Loan unless it is satisfied that the related exposure it will be 100% covered by the Revolving Credit Commitments of the non-Defaulting Lenders and participating interests in any newly made have no Fronting Exposure after giving effect to such Swing Line Loan shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.16(a)(iv) (and such Defaulting Lender shall not participate therein)Loan.

Appears in 1 contract

Samples: Credit Agreement (Team Inc)

New Swing Line Loans. So long as any Lender is a Defaulting Lender, the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that the related exposure will be 100% covered by the Revolving Credit Aggregate Commitments of the nonNon-Defaulting Lenders and participating interests in any newly made Swing Line Loan shall be allocated among nonNon-Defaulting Lenders in a manner consistent with Section 2.16(a)(iv) (and such Defaulting Lender shall not participate therein).

Appears in 1 contract

Samples: Credit Agreement (Veralto Corp)

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