Common use of New Swingline Loans Clause in Contracts

New Swingline Loans. So long as any Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan.

Appears in 8 contracts

Samples: Loan Agreement (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services Corp.), Credit Agreement (Commercial Credit, Inc.)

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New Swingline Loans. So long as any Lender is a Defaulting Lender, the no Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it the participations therein will have no Fronting Exposure after giving effect to such Swingline Loanbe fully allocated among Non-Defaulting Lenders in a manner consistent with clause (a)(iii) above and the Defaulting Lender shall not participate therein.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (AB Private Lending Fund), Senior Secured Revolving Credit Agreement (Prospect Floating Rate & Alternative Income Fund, Inc.)

New Swingline Loans. So long as any Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Swingline Exposure after giving effect to such Swingline Loan.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Amneal Pharmaceuticals, Inc.), Revolving Credit Agreement (Amneal Pharmaceuticals, Inc.)

New Swingline Loans. So long as any Lender is a Defaulting Lender, the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan.

Appears in 2 contracts

Samples: Loan and Security Agreement (Hercules Capital, Inc.), Loan and Security Agreement (Hercules Capital, Inc.)

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New Swingline Loans. So long as any Lender Bank is a Defaulting LenderBank, the each Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan.

Appears in 1 contract

Samples: Revolving Credit Agreement (Chubb Corp)

New Swingline Loans. So long as any Lender is a Defaulting Lender, the Swingline Swing Line Lender shall not be required to fund any Swingline Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Swing Line Loan.

Appears in 1 contract

Samples: Credit Agreement (StoneX Group Inc.)

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