New Swing Line Loans. So long as any Lender is a Defaulting Lender, no Swing Line Lender shall be required to fund any Swing Line Loan unless it is satisfied that the related exposure will be 100% covered by the Revolving Loan Commitments of the Non-Defaulting Lenders or participating interests in any such newly made Swing Line Loan shall be allocated among Non-Defaulting Lenders in a manner consistent with Section 2.21(a)(iv) (and Defaulting 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, no the Swing Line Lender shall not be required to fund any Swing Line Loan Loans unless it is satisfied that the related exposure will be 100% covered by the Revolving Loan Aggregate Commitments of the Non-Defaulting Lenders or and participating interests in any such newly made Swing Line Loan shall be allocated among Non-Defaulting Lenders in a manner consistent with Section 2.21(a)(iv2.16(a)(iv) (and such Defaulting Lenders Lender shall not participate therein).
Appears in 2 contracts
Samples: Credit Agreement (Veralto Corp), Credit Agreement (Danaher Corp /De/)
New Swing Line Loans. So long as any Lender is a Defaulting Lender, no the Swing Line Lender shall not be required to fund any Swing Line Loan Loans unless it is satisfied that the related exposure it will be 100% covered by the Revolving Loan Commitments of the Non-Defaulting Lenders or participating interests in any have no Fronting Exposure after giving effect to such newly made Swing Line Loan shall be allocated among Non-Defaulting Lenders in a manner consistent with Section 2.21(a)(iv) (and Defaulting Lenders 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, no the Swing Line Lender shall not be required to fund any Swing Line Loan Loans unless it is satisfied that the related exposure will be 100% covered by the Revolving Loan Credit Commitments of the Nonnon-Defaulting Lenders or and participating interests in any such newly made Swing Line Loan shall be allocated among Nonnon-Defaulting Lenders in a manner consistent with Section 2.21(a)(iv2.16(a)(iv) (and such Defaulting Lenders Lender shall not participate therein).
Appears in 2 contracts
Samples: Revolving Credit Agreement (Fortive Corp), Credit Agreement (Fortive Corp)
New Swing Line Loans. So long as any Lender is a Defaulting Lender, no the Swing Line Lender shall not be required to fund any Swing Line Loan Loans unless it is satisfied that the related exposure it will be 100% covered by the Revolving Loan Commitments of the Non-Defaulting Lenders or participating interests in any have no Fronting Exposure immediately after giving effect to such newly made Swing Line Loan shall be allocated among Non-Defaulting Lenders in a manner consistent with Section 2.21(a)(iv) (and Defaulting Lenders shall not participate therein)Loan.
Appears in 1 contract
Samples: Credit Agreement (Preferred Apartment Communities Inc)
New Swing Line Loans. So long as any Lender is a Defaulting Lender, no the Swing Line Lender shall not be required to fund any Swing Line Loan unless it is satisfied that the related exposure it will be 100% covered by the Revolving Loan Commitments of the Non-Defaulting Lenders or participating interests in any have no Fronting Exposure after giving effect to such newly made Swing Line Loan shall be allocated among Non-Defaulting Lenders in a manner consistent with Section 2.21(a)(iv) (and Defaulting Lenders shall not participate therein)Loan.
Appears in 1 contract
Samples: Credit Agreement (Team Inc)
