Common use of Participations in Swing Line Loans Clause in Contracts

Participations in Swing Line Loans. Each Committed Lender agrees that it shall at all times have a participation in, and acknowledges that it is irrevocably and unconditionally obligated, as more fully set forth in Section 6.07, to fund its participation in, each outstanding Swing Line Loan in an amount equal to its Pro Rata Share of the amount of such Swing Line Loan.

Appears in 3 contracts

Samples: Credit Agreement (Pentair Inc), Credit Agreement (Pentair Inc), Long Term Credit Agreement (Pentair Inc)

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Participations in Swing Line Loans. (a) Each Committed Lender agrees that it shall at all times have a participation in, and acknowledges that it is irrevocably and unconditionally obligated, as more fully set forth in Section 6.072.3.6, to fund its participation in, each outstanding Swing Line Loan in an amount equal to its Pro Rata Share of the amount of such Swing Line Loan.

Appears in 1 contract

Samples: Credit Agreement (Pentair Inc)

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Participations in Swing Line Loans. (i) Each Committed Lender agrees that it shall at all times have a participation in, and acknowledges that it is irrevocably and unconditionally obligated, as more fully set forth in Section 6.072.3(f), to fund its participation in, each outstanding Swing Line Loan in an amount equal to its Pro Rata Share of the amount of such Swing Line Loan.

Appears in 1 contract

Samples: Credit Agreement (Pentair Inc)

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