Participations in Swing Line Loans. (a) If an event described in SUBSECTION 9.1(f) or (g) exists (or for any reason the Lenders may not make Committed Loans pursuant to SECTION 2.18), each Lender will, upon notice from the Administrative Agent, purchase from the Swing Line Lender (and the Swing Line Lender will sell to each Lender) an undivided participation interest in all outstanding Swing Line Loans in an amount equal to its Pro Rata Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Administrative Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation). (b) Whenever, at any time after the Swing Line Lender has received payment for any Lender's participation interest in the Swing Line Loans pursuant to SUBSECTION 2.19(a), the Swing Line Lender receives any payment on account thereof, the Swing Line Lender will distribute to the Administrative Agent for the account of such Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender's participation interest was outstanding and funded) in like funds as received; PROVIDED, HOWEVER, that in the event that such payment received by the Swing Line Lender is required to be returned, such Lender will return to the Administrative Agent for the account of the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it in like funds as such payment is required to be returned by the Swing Line Lender.
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Participations in Swing Line Loans. (a) If an event described in SUBSECTION subsection 9.1(f) or (g) exists occurs (or for any reason the Revolving Facility Lenders may not make Committed Revolving Loans pursuant to SECTION Section 2.18), each Revolving Facility Lender will, upon notice from the Administrative Agent, purchase from the Applicable Swing Line Lender (and the Applicable Swing Line Lender will sell to each such Revolving Facility Lender) an undivided participation interest in all outstanding Swing Line Loans of such Swing Line Lender in an amount equal to its Pro Rata Share of the Dollar Equivalent amount of the outstanding principal amount of the Swing Line Loans of such Swing Line Lender (and each Revolving Facility Lender will immediately transfer to the Administrative Agent, for the account of the Applicable Swing Line Lender, in immediately available funds, the amount of its participation).
(b) Whenever, at any time after the a Swing Line Lender has received payment for any Revolving Facility Lender's participation interest in the Swing Line Loans of such Swing Line Lender pursuant to SUBSECTION subsection 2.19(a), the such Swing Line Lender receives any payment on account thereof, the such Swing Line Lender will distribute to the Administrative Agent for the account of such Revolving Facility Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Facility Lender's participation interest was outstanding and funded) in like funds as received; PROVIDEDprovided, HOWEVERhowever, that in the event that such payment received by the such Swing Line Lender is required to be returned, such Revolving Facility Lender will return to the Administrative Agent for the account of the such Swing Line Lender any portion thereof previously distributed by the such Swing Line Lender to it in like funds as such payment is required to be returned by the such Swing Line Lender.
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Participations in Swing Line Loans. (a) If an event described in SUBSECTION subsection 9.1(f) or (g) exists occurs (or for any reason the Lenders may not make Committed Revolving Loans pursuant to SECTION Section 2.18), each Lender will, upon notice from the Administrative Agent, purchase from the Swing Line Lender (and the Swing Line Lender will sell to each Lender) an undivided participation interest in all outstanding Swing Line Loans in an amount equal to its Pro Rata Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Administrative Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation).
(b) Whenever, at any time after the Swing Line Lender has received payment for any Lender's participation interest in the Swing Line Loans pursuant to SUBSECTION subsection 2.19(a), the Swing Line Lender receives any payment on account thereof, the Swing Line Lender will distribute to the Administrative Agent for the account of such Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender's participation interest was outstanding and funded) in like funds as received; PROVIDEDprovided, HOWEVERhowever, that in the event that such payment received by the Swing Line Lender is required to be returned, such Lender will return to the Administrative Agent for the account of the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it in like funds as such payment is required to be returned by the Swing Line Lender.
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Samples: Short Term Credit Agreement (Culligan Water Technologies Inc)
Participations in Swing Line Loans. (a) If an event described in SUBSECTION subsection 9.1(f) or (g) exists occurs (or for any reason the Revolving Lenders may not make Committed Revolving Loans pursuant to SECTION Section 2.18, other than as specified in the last sentence thereof), each Revolving Lender will, upon notice from the Administrative Paying Agent, purchase from the Swing Line Lender (and the Swing Line Lender will sell to each such Revolving Lender) an undivided participation interest in all outstanding Swing Line Loans in an amount equal to its Pro Rata Share of the outstanding principal amount of the Swing Line Loans of such Swing Line Lender (and each Revolving Lender will immediately transfer to the Administrative Paying Agent, for the account of the Applicable Swing Line Lender, in immediately available funds, the amount of its participationparticipation as if it were refunding such Swing Line Loans pursuant to Section 2.18).
(b) Whenever, at any time after the Swing Line Lender has received payment for any Revolving Lender's participation interest in the Swing Line Loans pursuant to SUBSECTION subsection 2.19(a), the Swing Line Lender receives any payment on account thereof, the such Swing Line Lender will distribute to the Administrative Paying Agent for the account of such Revolving Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participation interest was outstanding and funded) in like funds as received; PROVIDEDprovided, HOWEVERhowever, that in the event that such payment received by the Swing Line Lender is required to be returned, such Revolving Lender will return to the Administrative Paying Agent for the account of the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it in like funds as such payment is required to be returned by the Swing Line Lender.
(c) Notwithstanding any other provision of this Agreement, if the Swing Line Lender shall have made Swing Line Loans such that the amount of Swing Line Loans made and outstanding is in excess of the Swing Line Commitment, no Lender shall have any obligation to purchase any participation in the amount of such excess.
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Samples: Senior Secured Credit Agreement (Greif Brothers Corp)
Participations in Swing Line Loans. (a) If an event described in SUBSECTION 9.1(fsubsection 8.1(g), (h), (i) or (gj) exists occurs (or for any reason the Lenders may not make Committed Loans pursuant to SECTION 2.18Section 2.15), each Lender will, upon notice from the Administrative Agent, purchase from the Swing Line Lender (and the Swing Line Lender will sell to each Lender) an undivided participation interest in all outstanding Swing Line Loans in an amount equal to its Pro Rata such Lender's Unused Commitment Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Administrative Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation).
(b) Whenever, at any time after the Swing Line Lender has received payment for any Lender's participation interest in the Swing Line Loans pursuant to SUBSECTION 2.19(asubsection 2.16(a), the Swing Line Lender receives any payment on account thereof, the Swing Line Lender will distribute to the Administrative Agent for the account of such Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender's participation interest was outstanding and funded) in like funds as received; PROVIDEDprovided, HOWEVERhowever, that in the event that such payment received by the Swing Line Lender is required to be returned, such Lender will return to the Administrative Agent for the account of the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it in like funds as such payment is required to be returned by the Swing Line Lender.
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Samples: Credit Agreement (Truserv Corp)
Participations in Swing Line Loans. (a) If an event described in SUBSECTION 9.1(f9.1(F) or (gG) exists (or for any reason the Lenders may not make Committed Loans pursuant to SECTION 2.182.16), each Lender will, upon notice from the Administrative Agent, purchase from the Swing Line Lender (and the Swing Line Lender will sell to each Lender) an undivided participation interest in all outstanding Swing Line Loans in an amount equal to its Pro Rata Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Administrative Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation).
(b) Whenever, at any time after the Swing Line Lender has received payment for any Lender's participation interest in the Swing Line Loans pursuant to SUBSECTION 2.19(a2.17(A), the Swing Line Lender receives any payment on account thereof, the Swing Line Lender will distribute to the Administrative Agent for the account of such Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender's participation interest was outstanding and funded) in like funds as received; PROVIDED, HOWEVER, that in the event that such payment received by the Swing Line Lender is required to be returned, such Lender will return to the Administrative Agent for the account of the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it in like funds as such payment is required to be returned by the Swing Line Lender.
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Participations in Swing Line Loans. (a) If an event described in SUBSECTION 9.1(fsubsection 8.1(g), (h), (i) or (gj) exists occurs (or for any reason the Lenders may not make Committed Revolving Loans pursuant to SECTION 2.18Section 2.20), each Lender will, upon notice from the Administrative Agent, purchase from the Swing Line Lender (and the Swing Line Lender will sell to each Lender) an undivided participation interest in all outstanding Swing Line Loans in an amount equal to its Pro Rata such Lender's Unused Commitment Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Administrative Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation).
(b) Whenever, at any time after the Swing Line Lender has received payment for any Lender's participation interest in the Swing Line Loans pursuant to SUBSECTION 2.19(asubsection 2.21(a), the Swing Line Lender receives any payment on account thereof, the Swing Line Lender will distribute to the Administrative Agent for the account of such Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender's participation interest was outstanding and funded) in like funds as received; PROVIDEDprovided, HOWEVERhowever, that in the event that such payment received by the Swing Line Lender is required to be returned, such Lender will return to the Administrative Agent for the account of the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it in like funds as such payment is required to be returned by the Swing Line Lender.
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Samples: Credit Agreement (Truserv Corp)
Participations in Swing Line Loans. (a) If an event described in SUBSECTION ---------------------------------- subsection 9.1(f) or (g) exists occurs (or for any reason the Lenders may not make Committed ----------------- --- Revolving Loans pursuant to SECTION Section 2.18), each Lender will, upon notice from ------------ the Administrative Agent, purchase from the Swing Line Lender (and the Swing Line Lender will sell to each Lender) an undivided participation interest in all outstanding Swing Line Loans in an amount equal to its Pro Rata Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Administrative Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation).
(b) Whenever, at any time after the Swing Line Lender has received payment for any Lender's participation interest in the Swing Line Loans pursuant to SUBSECTION subsection 2.19(a), the Swing Line Lender receives any payment on account ------------------ thereof, the Swing Line Lender will distribute to the Administrative Agent for the account of such Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender's participation interest was outstanding and funded) in like funds as received; PROVIDEDprovided, HOWEVERhowever, that in the event that -------- ------- such payment received by the Swing Line Lender is required to be returned, such Lender will return to the Administrative Agent for the account of the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it in like funds as such payment is required to be returned by the Swing Line Lender.
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Participations in Swing Line Loans. (a) If an event ---------------------------------- described in SUBSECTION subsection 9.1(f) or (g) exists (or for any reason ----------------- --- the Lenders may not make Committed Loans pursuant to SECTION 2.18Section ------- 2.21), each Lender will, upon notice from the Administrative ---- Agent, purchase from the Swing Line Lender (and the Swing Line Lender will sell to each Lender) an undivided participation interest in all outstanding Swing Line Loans in an amount equal to its Pro Rata Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Administrative Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation).
(b) Whenever, at any time after the Swing Line Lender has received payment for any Lender's participation interest in the Swing Line Loans pursuant to SUBSECTION 2.19(asubsection 2.22(a), the Swing Line ------------------ Lender receives any payment on account thereof, the Swing Line Lender will distribute to the Administrative Agent for the account of such Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender's participation interest was outstanding and funded) in like funds as received; PROVIDEDprovided, HOWEVERhowever, that in the event that such -------- ------- payment received by the Swing Line Lender is required to be returned, such Lender will return to the Administrative Agent for the account of the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it in like funds as such payment is required to be returned by the Swing Line Lender.
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Participations in Swing Line Loans. (a) If an event described in SUBSECTION subsection 9.1(f) or (g) exists occurs (or for any reason the Revolving Lenders may not or do not make Committed Revolving Loans pursuant to SECTION 2.18Section 2.20), each Revolving Lender willshall, upon notice from the Administrative Agent, purchase from the applicable Swing Line Lender (and the Swing Line Lender will sell to each such Revolving Lender) an undivided participation interest in all outstanding Swing Line Loans in an amount equal to its Pro Rata Share of the Dollar Equivalent of the outstanding principal amount of the Swing Line Loans of such Swing Line Lender (and each Revolving Lender will immediately transfer to the Administrative Agent, for the account of the applicable Swing Line Lender, in immediately available fundsSame Day Funds, the amount of its participationparticipation as if it were refunding such Swing Line Loans pursuant to Section 2.20).
(ba) Whenever, at any time after the Swing Line Lender has received payment for any Revolving Lender's participation interest in the Swing Line Loans pursuant to SUBSECTION 2.19(a)clause (a) above, the Swing Line Lender receives any payment on account thereof, the such Swing Line Lender will distribute to the Administrative Agent for the account of such Revolving Lender its participation interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender's participation interest was outstanding and funded) in like funds as received; PROVIDEDprovided, HOWEVERhowever, that in the event that such payment received by the Swing Line Lender is required to be returned, such Revolving Lender will return to the Administrative Agent for the account of the Swing Line Lender any portion thereof previously distributed by the Swing Line Lender to it in like funds as such payment is required to be returned by the Swing Line Lender.
Appears in 1 contract
Samples: Senior Secured Credit Agreement (Greif Brothers Corp)