Common use of Participations in Swing Line Loans Clause in Contracts

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 2.20), 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 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 (Hussmann International Inc)

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Participations in Swing Line Loans. (a) If an event described in subsection 9.1(f) or (g) exists occurs (or for any reason the Lenders may not make Committed 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 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) a If an event described in subsection 9.1(f) 8.1(f or (g) g exists (or for any reason the Lenders may not make Committed Loans pursuant to Section 2.20)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) 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).

Appears in 1 contract

Samples: Long Term Credit Agreement (Tenneco Packaging Inc)

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Participations in Swing Line Loans. (a) If an event described in subsection 9.1(f) or (g) Section 8.1.9 exists (or for any reason the Lenders may not make Committed Loans pursuant to Section 2.202.8.2), 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 Percentage 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 (Andrew Corp)

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