Procedure for Swing Line Borrowing. Whenever a Borrower desires that the Swing Line Lenders make Swing Line Loans under Section 2.13, the Borrower (or the applicable Registrant of which it is a series) shall give the Swing Line Agent irrevocable telephonic notice confirmed promptly in writing, by facsimile or other mutually acceptable electronic transmission medium, to the attention of: JPMORGAN CHASE BANK, N.A. 500 Xxxxxxx Xxxxxxxxxx Xx. NCC5 / 1st Floor Newark, DE 19713 Attention: Loan & Agency Services Group Attention: Axxxxx Xxxxxx Tel: 300-000-0000 Fax: 300-000-0000 Email: Axxxxx.Xxxxxx@xxxxx.xxx or such other person or persons which may be designated by the Swing Line Agent from time to time (which telephonic notice must be received by the Swing Line Agent not later than 4:00 P.M., New York City time, on the proposed Borrowing Date, and which written confirmation must be received by the Swing Line Agent on the proposed Borrowing Date in form and substance satisfactory to the Swing Line Agent), specifying the amount of each requested Swing Line Loan. Each borrowing under the Swing Line Commitment shall be in an amount equal to $250,000 or an integral multiple of $100,000 in excess thereof. Upon receipt of any such notice from a Borrower (or the applicable Registrant), the Swing Line Agent shall promptly notify the Administrative Agent thereof, and the Administrative Agent shall promptly notify the Swing Line Lenders thereof. Upon receipt of notice of a request for a Swing Line Loan from the Administrative Agent, each Swing Line Lender shall make its Swing Line Pro Rata Share of such borrowing available to such Borrower, on the Borrowing Date requested by such Borrower, by transferring such amount by wire or book entry to the account of such Borrower such Swing Line Loan in immediately available funds.
Procedure for Swing Line Borrowing. Whenever a Borrower desires that the Swing Line Lender make Swing Line Loans under Section 2.12 hereof, the Borrower shall give the Swing Line Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Swing Line Lender not later than 3:00 P.M., New York City time, on the proposed date specified for such borrowing), specifying the amount of each requested Swing Line Loan. Each borrowing under the Swing Line Commitment shall be in an amount equal to $50,000 or an integral multiple of $50,000 in excess thereof. Not later than 5:00 P.M., New York City time, on the date specified in a notice by the Borrower in respect of Swing Line Loans, the Swing Line Lender shall make available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 11.2 hereof an amount in immediately available funds equal to the amount of the Swing Line Loan to be made by the Swing Line Lender. The proceeds of such Swing Line Loan will then be made available to the Borrower on such date specified for such borrowing by the Administrative Agent transferring by wire to the custodian of and for the account of the Borrower the aggregate of the amounts made available to the Administrative Agent by the Swing Line Lender in immediately available funds.
Procedure for Swing Line Borrowing. Whenever the Designated Borrower desires that the Swing Line Lender make Swing Line Loans under Section 2.25 it shall give the Swing Line Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Swing Line Lender not later than 1:00 P.M., New York City time, on the proposed Borrowing Date), specifying (a) the amount to be borrowed, (b) the requested Borrowing Date (which shall be a Business Day during the Revolving Credit Commitment Period) and (c) the identity of the Borrower or Borrowers to which the proceeds of the Swing Line Loans should be made available. Each borrowing under the Swing Line Commitment shall be in an amount equal to $100,000 or a whole multiple thereof. Not later than 3:00 P.M., New York City time, on the Borrowing Date specified in the notice in respect of Swing Line Loans, the Swing Line Lender shall make available to the Administrative Agent at its office specified in Section 11.2 an amount in immediately available funds equal to the amount of the Swing Line Loan to be made by the Swing Line Lender. The Administrative Agent shall make the proceeds of such Swing Line Loan available to the appropriate Borrower on such Borrowing Date in accordance with the instructions of the Designated Borrower in like funds as received by the Administrative Agent. 43 37
Procedure for Swing Line Borrowing. (a) Each Swing-Line Borrowing shall be made upon the Borrower's irrevocable written notice delivered to the Administrative Agent in accordance with Section 10.02 in the form of a Notice of Swing-Line Borrowing (which notice must be received by the Administrative Agent prior to 11:00 a.m. Honolulu, Hawaii time) on or before the requested Swing-Line Borrowing date, specifying:
(A) the amount of the Swing-Line Borrowing, which shall be in an aggregate minimum principal amount of Ten Thousand Dollars ($10,000);
(B) the requested Swing-Line Borrowing date, which shall be a Business Day; and
(C) if permitted pursuant to Section 7.07(e) hereof, whether the requested Borrowing is for the purpose of a Western Pacific Advance.
(b) All Swing-Line Advances shall be made by the Administrative Agent alone, for its own account, and no other Bank shall be required or permitted to participate in, or otherwise disburse any portion of, any Swing-Line Advance; provided, however, that (i) the Administrative Agent shall convert, no less than weekly, all Swing-Line Advances into an Advance, upon one (1) Business Day's written notice given by the Administrative Agent to each Bank (with a copy of such notice being given to the Borrower), if the outstanding balance of all Swing-Line Advances is $1,000,000 or more, (ii) all Swing-Line Advances which are not converted as provided in subsection 2.04(b)(i) shall be repaid by the Borrower (from its own funds or through a Borrowing) no later than seven (7) days after the date of the Swing-Line Borrowing therefor, and (iii) all Swing-Line Advances shall automatically be converted into Advances upon the occurrence of a Default or an Event of Default.
(c) [RESERVED]
(d) If the Administrative Agent shall convert a Swing-Line Advance into an Advance, the Administrative Agent will notify each Bank of such conversion, of the amount of such Bank's Commitment Percentage therein, and the date (which shall be not less than one (1) Business Day after the date of such notification) for such conversion (with a copy of such notification being given to the Borrower). Each Bank will thereupon make the amount of its Commitment Percentage therein available to the Administrative Agent at the Administrative Agent's Payment Office by 11:00 a.m. Honolulu, Hawaii time, on the date specified in such notice, in funds immediately available to the Administrative Agent. The proceeds received from the Banks will be used by the Administrative Agent to reimburse itself...
Procedure for Swing Line Borrowing. (a) Any Specified Borrower may request any Swing Line Bank to make Swing Line Loans during the Commitment Period on any Business Day by giving to such Swing Line Bank a Notice of Swing Line Borrowing no later than 1:00 p.m., New York City time, on the applicable Borrowing Date, or such later time as may be agreed by such Swing Line Bank, acting in its sole discretion, in respect of such Swing Line Loan. Each borrowing of Swing Line Loans shall be in an amount equal to (a) in the case of ABR Loans, $1,000,000 or a whole multiple of $500,000 in excess thereof (or, if the then aggregate undrawn amount of the Swing Line Commitments is less than $1,000,000, such lesser amount) and (b) in the case of Eurocurrency Loans $1,000,000 or increments of $500,000 thereafter; provided, that any borrowing of Swing Line Loans may be in an aggregate amount that is equal to the entire unused balance of the Total Swing Line Commitments. Subject to the terms and conditions hereof, on the Borrowing Date of each Swing Line Loan, the relevant Swing Line Bank shall make the proceeds thereof available to the relevant Specified Borrower in immediately available funds in Dollars by the Funding Time in accordance with the wire instructions for remittance specified by the Specified Borrower in the Notice of Swing Line Borrowing.
(b) Upon the making of any Swing Line Loan, any payment of principal or interest with respect to a Swing Line Loan and on the last Business Day of each month on which a Swing Line Bank has any outstanding Swing Line Loans, such Bank shall deliver to the Administrative Agent a Notice of Swing Line Outstandings.
Procedure for Swing Line Borrowing. The Borrower may borrow under the Swing Line Commitment during the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give the relevant Swing Line Lender and the Administrative Agent irrevocable notice (which notice may be given by telephone (to be promptly confirmed in writing, including by facsimile) and must be received by the Swing Line Lender prior to 1:00 P.M. New York City time) on the requested Borrowing Date specifying the amount of the requested Swing Line Loan which shall be in an aggregate minimum amount of $l,000,000 or a whole multiple of $100,000 in excess thereof (or, if less, the unused portion of the Swing Line Commitment). The proceeds of the Swing Line Loan will be made available by the relevant Swing Line Lender to the Borrower at the office of the Swing Line Lender by 4:00 P.M., New York City time, on the Borrowing Date by crediting the account of the Borrower at such office with such proceeds. The Borrower may at any time and from time to time, subject to subsection 3.14, prepay the Swing Line Loans, in whole or in part, without premium or penalty, by notifying (which notice may be given by telephone (to be promptly confirmed in writing, including by facsimile)) the relevant Swing Line Lender and the Administrative Agent prior to 2:00 P.M., New York City time, on any Business Day of the date and amount of prepayment. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein. Partial prepayments shall be in an aggregate principal amount of $100,000 or a whole multiple of $100,000 in excess thereof.
Procedure for Swing Line Borrowing. Whenever a Borrower desires that ---------------------------------- the Swing Line Lender make Swing Line Loans under Section 2.13, the Borrower (or the Fund of which it is an investment portfolio) shall give the Swing Line Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Swing Line Lender not later than 3:00 p.m., New York City time, on the proposed Borrowing Date, and must specify the amount of each requested Swing Line Loan. Each borrowing under the Swing Line Commitment shall be in an amount equal to $50,000 or provided, however, that on -------- ------- the date of the making of any Swing Line Loan (1) the aggregate principal amount of all Swing Line Loans outstanding shall not exceed the Swing Line Commitment and (2) the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans by the Swing Line Lender shall not exceed the total Commitment of the Swing Line Lender. The proceeds of such Swing Line Loan will then be made available to such Borrower on such Borrowing Date by the Swing Line Lender transferring by wire to the custodian of and for the account of such Borrower the aggregate of the amounts made available to the Swing Line Lender in immediately available funds.
Procedure for Swing Line Borrowing. The Swing Line Loans shall be made and maintained as Prime Rate Loans and, notwithstanding Section 2.6, shall not be entitled to be converted into Eurodollar Rate Loans. The Borrower shall give the Agent and the Swing Line Lender irrevocable notice (which notice must be received by the Agent and the Swing Line Lender prior to 1:00 p.m., New York City time), on the requested borrowing date (which shall be a Business Day) specifying the amount of each requested Swing Line Loan, which shall be in a minimum amount of $1,000,000 or an integral multiple thereof. The proceeds of each Swing Line Loan will then be made available to the Borrower by the Swing Line Lender by crediting the account of the Borrower on the books of the office of the Swing Line Lender specified in Section 2.7 with such proceeds.
Procedure for Swing Line Borrowing. (a) Any Specified Borrower may borrow Swing Line Loans during the Commitment Period on any Business Day by giving a Notice of Swing Line Borrowing in respect of such Swing Line Loan. Subject to the terms and conditions hereof, on the Borrowing Date of each Swing Line Loan, the relevant Swing Line Bank shall make the proceeds thereof available to the relevant Specified Borrower in Arrow Electronics Credit Agreement immediately available funds in the applicable Currency in the manner from time to time agreed by such Specified Borrower and such Swing Line Bank.
(b) Upon request of the Administrative Agent and on the last Business Day of each month on which a Swing Line Bank has any outstanding Swing Line Loans, such Bank shall deliver to the Administrative Agent a Notice of Swing Line Outstandings. The Administrative Agent will, at the request of any Swing Line Bank, advise such Swing Line Bank of the Exchange Rate used by the Administrative Agent in calculating the Dollar Equivalent Amount of Swing Line Loans of such Swing Line Bank on any date.
Procedure for Swing Line Borrowing. 44 3.16 Refunding of Swing Line Loans; Participations in Swing Line Loans.................... 44 3.17 Annual Revolving Credit Clean-Down................................................... 46 3.18
