Common use of Participations in Swing Line Loans Clause in Contracts

Participations in Swing Line Loans. If an event described in subsection 8.1(g), (h), (i) or (j) occurs (or for any reason the Lenders may not make Revolving Loans pursuant to Section 2.20), each Lender will, upon notice from the 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 such Lender's Unused Commitment Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation).

Appears in 1 contract

Samples: Credit Agreement (Truserv Corp)

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Participations in Swing Line Loans. (a) If an event described in subsection 8.1(g), (h), (i) or (j) occurs (or for any reason the Lenders may not make Revolving Committed Loans pursuant to Section 2.202.15), each Lender will, upon notice from the 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 such Lender's Unused Commitment Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation).

Appears in 1 contract

Samples: Credit Agreement (Truserv Corp)

Participations in Swing Line Loans. (a) If an event described in ---------------------------------- subsection 8.1(g), (h), (i9.1(f) or (jg) occurs (or for any reason the Lenders may not make ----------------- --- Revolving Loans pursuant to Section 2.202.18), 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 such Lender's Unused Commitment 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).

Appears in 1 contract

Samples: Credit Agreement (Culligan Water Technologies Inc)

Participations in Swing Line Loans. (a) If an event ---------------------------------- described in subsection 8.1(g), (h), (i9.1(f) or (jg) occurs exists (or for any reason ----------------- --- the Lenders may not make Revolving Committed Loans pursuant to Section 2.20------- 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 such Lender's Unused Commitment 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).

Appears in 1 contract

Samples: Credit Agreement (Earthgrains Co /De/)

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Participations in Swing Line Loans. (a) If an event described in subsection 8.1(g), (h), (i) or (j) occurs (or for any reason the Lenders may not make Revolving Loans pursuant to Section 2.20), each Lender will, upon notice from the 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 such Lender's Unused Commitment Share of the outstanding principal amount of the Swing Line Loans (and each Lender will immediately transfer to the Agent, for the account of the Swing Line Lender, in immediately available funds, the amount of its participation).

Appears in 1 contract

Samples: Credit Agreement (Truserv Corp)

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