Notice of Designation of Additional Subsidiary Swingline Borrower Sample Clauses
The Notice of Designation of Additional Subsidiary Swingline Borrower clause establishes the process by which a new subsidiary can be formally added as a borrower eligible to access swingline loans under a credit agreement. Typically, this involves the parent company or an authorized party providing written notice to the lender, identifying the subsidiary and confirming its eligibility and compliance with the agreement's requirements. This clause ensures that the lender is properly informed and consents to the inclusion of new borrowing entities, thereby maintaining control over credit exposure and administrative clarity.
Notice of Designation of Additional Subsidiary Swingline Borrower. Applicable Subsidiary Currency and Subsidiary Currency Sublimit” has the meaning specified in Section 2.14(b).
Notice of Designation of Additional Subsidiary Swingline Borrower. Applicable Subsidiary Currency and Subsidiary Currency Sublimit shall constitute a Loan Document under the Credit Agreement. JPMORGAN CHASE BANK, N.A., as Administrative Agent By: Name: Title: Date: , Ladies and Gentlemen: Reference is made to that certain Credit Agreement, dated as of December 20, 2011 (as the same may be amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among ▇▇▇▇▇▇▇-▇▇▇▇▇▇ International Inc. (“▇▇▇▇▇▇▇-▇▇▇▇▇▇ International”), certain Revolving Borrowers party thereto from time to time, certain Subsidiary Swingline Borrowers party thereto from time to time, the Lenders from time to time party thereto, JPMCB, as Administrative Agent and L/C Issuer to the Revolving Borrowers, and certain Swingline Lenders and certain other L/C Issuers from time to time party thereto, and the other agents party thereto.
Notice of Designation of Additional Subsidiary Swingline Borrower. Applicable Subsidiary Currency and Subsidiary Currency Sublimit; provided, that, after giving effect to any such addition of Subsidiary Swingline Borrowers, Subsidiary Currencies and Subsidiary Currency Sublimit, (a) the aggregate Subsidiary Swingline Borrower Sublimit for all Subsidiary Swingline Borrowers is not increased by any such adjustment to an amount greater than $50 million and (b) the aggregate Outstanding Amount of all Revolving Loans, plus the aggregate Outstanding Amount of all L/C Obligations (excluding Subsidiary L/C Obligations), plus the then Assumed Swingline Loan Amount shall not exceed the Aggregate Commitments. ------------------------------------------------------------------------------- Name of Subsidiary Swingline Borrower Subsidiary Currency and Sublimit ------------------------------------- -------------------------------- ------------------------------------------------------------------------------- Mettler-Toledo, Inc. Dollars - 12.5 million ------------------------------------------------------------------------------- MTH Swiss Francs - 20 million ------------------------------------------------------------------------------- Mettler-Toledo Holding (France) SAS Euros - 3.5 million ------------------------------------------------------------------------------- MTMHD Euros - 3.5 million ------------------------------------------------------------------------------- Mettler-Toledo K.K. Yen - 200 million ------------------------------------------------------------------------------- Mettler-Toledo Ltd. and Pounds Sterling - 2 mil▇▇▇▇ ▇▇▇▇▇▇▇-▇oledo UK Holdings Limited -------------------------------------------------------------------------------
Notice of Designation of Additional Subsidiary Swingline Borrower. Applicable Subsidiary Currency and Subsidiary Currency Sublimit shall constitute a Loan Document under the Credit Agreement. JPMORGAN CHASE BANK, N.A., as Administrative Agent By: Name: Title: Date: _________________, ___________ Ladies and Gentlemen: Reference is made to that certain Credit Agreement, dated as of August 15, 2008 (as the same may be further amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), among M▇▇▇▇▇▇-▇▇▇▇▇▇ International Inc. (“M▇▇▇▇▇▇-▇▇▇▇▇▇ International”), M▇▇▇▇▇▇-▇▇▇▇▇▇ Holding AG, M▇▇▇▇▇▇-▇▇▇▇▇▇ Management Holding Deutschland GmbH, M▇▇▇▇▇▇-▇▇▇▇▇▇ B.V., MT Investment C.V., certain Subsidiary Swingline Borrowers party thereto from time to time, the Lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as Administrative Agent and L/C Issuer to the Revolving Borrowers, and certain Swingline Lenders and certain other L/C Issuers from time to time party thereto, and the other agents party thereto. M▇▇▇▇▇▇-▇▇▇▇▇▇ International hereby requests on behalf of the Subsidiary Swingline Borrowers set forth below, that the Subsidiary Currency Sublimits for such Subsidiary Swingline Borrowers be adjusted, which adjustment(s) shall be effective upon the required consents, as set forth below: Name of Subsidiary Swingline Borrower Subsidiary Currency and Requested Sublimit