Common use of Participation in Swing Line Loans Clause in Contracts

Participation in Swing Line Loans. If, prior to refunding a Swing Line Loan with a Tranche A Revolving Credit Advance pursuant to Section 1.1(b)(iii), one of the events described in Sections 8.1(h) or 8.1(i) shall have occurred, then, subject to the provisions of Section 1.1(b)(v) below, each Tranche A Revolving Lender will, on the date such Tranche A Revolving Credit Advance was to have been made for the benefit of Borrower, purchase from the Swing Line Lender an undivided participation interest in the Swing Line Loan in an amount equal to its Pro Rata Share of such Swing Line Loan. Upon request, each Tranche A Revolving Lender will promptly transfer to the Swing Line Lender, in immediately available funds, the amount of its participation.

Appears in 1 contract

Samples: Credit Agreement (Filenes Basement Corp)

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Participation in Swing Line Loans. If, prior to refunding a Swing Line Loan with a Tranche A Revolving Credit Floor Plan Advance pursuant to Section 1.1(b)(iii), one of the events described in Sections 8.1(h) or 8.1(i) shall have occurred, then, subject to the provisions of Section 1.1(b)(v) below, each Tranche A Revolving Floor Plan Lender will, on the date such Tranche A Revolving Credit Floor Plan Advance was to have been made for the benefit of the Borrowers, or a Specified Borrower, as the case may be, purchase from the Swing Line Lender an undivided participation interest in the Swing Line Loan in an amount equal to its Pro Rata Share of such Swing Line Loan. Upon request, each Tranche A Revolving Floor Plan Lender will promptly transfer to the Swing Line Lender, in immediately available funds, the amount of its participation.

Appears in 1 contract

Samples: Credit Agreement (Hometown Auto Retailers Inc)

Participation in Swing Line Loans. If, prior to refunding a Swing Line Loan with a Tranche A Revolving Credit Advance pursuant to Section 1.1(b)(iiiSECTION 1.1(c)(iii), one of the events described in Sections SECTIONS 8.1(h) or OR 8.1(i) shall have occurred, then, subject to the provisions of Section 1.1(b)(vSECTION 1.1(c)(v) below, each Tranche A Revolving Lender will, on the date such Tranche A Revolving Credit Advance was to have been made for the benefit of the applicable Borrower, purchase from the Swing Line Lender an undivided participation interest in the Swing Line Loan to such Borrower in an amount equal to its Pro Rata Share of such Swing Line Loan. Upon request, each Tranche A Revolving Lender will promptly transfer to the Swing Line Lender, in immediately available funds, the amount of its participation.

Appears in 1 contract

Samples: Credit Agreement (Morton Industrial Group Inc)

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Participation in Swing Line Loans. If, prior to refunding a Swing Line Loan with a Tranche A Revolving Credit Advance pursuant to Section 1.1(b)(iii1.1(c)(iii), one of the events described in Sections 8.1(f), 8.1(g), and 8.1(h) or 8.1(i) shall have occurred, then, subject to the provisions of Section 1.1(b)(v1.1(c)(v) below, each Tranche A Revolving Lender will, on the date such Tranche A Revolving Credit Advance was to have been made for the benefit of BorrowerBorrowers, purchase from the Swing Line Lender an undivided participation interest in the Swing Line Loan to Borrowers in an amount equal to its Pro Rata Share of such Swing Line Loan. Upon request, each Tranche A Revolving Lender will promptly transfer to the Swing Line Lender, in immediately available funds, the amount of its participationparticipation interest.

Appears in 1 contract

Samples: Credit Agreement (Bon Ton Stores Inc)

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