Common use of Procedure for Swing Line Borrowing Clause in Contracts

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. 000 Xxxxxxx Xxxxxxxxxx Xxxx, NCC5 Xxxxxx, XX 00000 Attention: Xxxxxx Xxxxxx Phone: (000) 000-0000 Fax: (000) 000 0000 / 00000000000@xxx.xxxxxxx.xxx Email: xxxxxx.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.

Appears in 3 contracts

Samples: Credit Agreement (Wanger Advisors Trust), Credit Agreement (Columbia Funds Series Trust I), Credit Agreement (Columbia Funds Series Trust II)

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Procedure for Swing Line Borrowing. Whenever a Borrower desires that the Swing Line Lenders Lender make Swing Line Loans under Section 2.13, the Borrower (or the applicable Registrant Fund of which it is a seriesportfolio) shall give the Swing Line Agent Lender irrevocable telephonic notice confirmed promptly in writing, by facsimile or other mutually acceptable electronic transmission medium, to the attention ofof Xxxx Enyam at facsimile number: JPMORGAN CHASE BANK, N.A. 000 Xxxxxxx Xxxxxxxxxx Xxxx, NCC5 Xxxxxx, XX 00000 Attention: Xxxxxx Xxxxxx (000) 000-0000 (Phone: (000) 000-0000 Fax: (0000000) 000 0000 / 00000000000@xxx.xxxxxxx.xxx Email: xxxxxx.xxxxxx@xxxxx.xxx or such other person or persons which may be designated in writing by the Swing Line Agent Lender (such designation or change in designation may be provided in electronic mail) from time to time (which telephonic notice must be received by the Swing Line Agent Lender not later than 4:00 3:00 P.M., New York City time, on the proposed Borrowing Date, and which written confirmation must be received by the Swing Line Agent Lender on the proposed Borrowing Date in form and substance satisfactory to the Swing Line AgentLender), 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 1,000,000 or an integral multiple of $100,000 500,000 in excess thereof. Upon receipt of any such notice from a Borrower (or the applicable RegistrantFund), the Swing Line Agent Lender 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 The Swing Line Lender shall make its Swing Line Pro Rata Share the amount of such borrowing available to such the 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.

Appears in 3 contracts

Samples: Credit Agreement (T. Rowe Price Credit Opportunities Fund, Inc.), Credit Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.), Credit Agreement (T. Rowe Price Multi-Sector Account Portfolios, Inc.)

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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 BANKJPMorgan Chase Bank, N.A. 000 Xxxxxxx Xxxxxxxxxx Xxxx, Xx. NCC5 / 1st Floor Xxxxxx, XX 00000 Attention: Xxxxxx Xxxxxx PhoneLoan & Agency Services Group Tel: 00000000000 Fax: (000) 000-0000 Fax: (000) 000 0000 / 00000000000@xxx.xxxxxxx.xxx Email: xxxxxx.xxxxxx@xxxxx.xxx xxxxxx.xxxx@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.

Appears in 2 contracts

Samples: Credit Agreement (Columbia Funds Series Trust I), Credit Agreement (Columbia Funds Series Trust II)

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