Common use of Procedure for Swing Line Borrowing Clause in Contracts

Procedure for Swing Line Borrowing. Whenever the Borrower desires that the Swing Line Lender make Swing Line Loans 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. (local time at the Applicable Lending Office of the Administrative Agent) on the proposed date of the Swing Line Borrowing), specifying (i) the amount to be borrowed and (ii) the requested date of the Swing Line Borrowing (which shall be a Business Day during the period from the date of this Agreement until the Revolving Loan Maturity Date). Each borrowing under the Swing Line Commitment shall be in an amount equal to $500,000 or a whole multiple of $100,000 in excess thereof. Not later than 3:00 p.m. (local time at the Applicable Lending Office of the Administrative Agent) on the date requested for a Swing Line Borrowing specified in a notice in respect of Swing Line Loans, the Swing Line Lender shall make available to the Administrative Agent at the Applicable Lending Office 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 Borrower on such date in immediately available funds at any account of Borrower which is designated in writing by the Borrower to the Administrative Agent.

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. (local time at the Applicable Lending Office of the Administrative Agent) P.M., New York City time, on the proposed date of the Swing Line BorrowingBorrowing Date), specifying (ia) the amount to be borrowed and borrowed, (iib) the requested date of the Swing Line Borrowing Date (which shall be a Business Day during the period from Revolving Credit Commitment Period) and (c) the date identity of this Agreement until the Revolving Loan Maturity Date)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 $500,000 100,000 or a whole multiple of $100,000 in excess thereof. Not later than 3:00 p.m. (local time at the Applicable Lending Office of the Administrative Agent) P.M., New York City time, on the date requested for a Swing Line Borrowing Date specified in a the notice in respect of Swing Line Loans, the Swing Line Lender shall make available to the Administrative Agent at the Applicable Lending Office 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 date Borrowing Date in immediately available accordance with the instructions of the Designated Borrower in like funds at any account of Borrower which is designated in writing as received by the Borrower to the Administrative Agent.. 43 37

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. (local time at the Applicable Lending Office of the Administrative Agent) P.M., New York City time, on the proposed date of the Swing Line BorrowingBorrowing Date), specifying (ia) the amount to be borrowed and borrowed, (iib) the requested date of the Swing Line Borrowing Date (which shall be a Business Day during the period from Revolving Credit Commitment Period) and (c) the date identity of this Agreement until the Revolving Loan Maturity Date)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 $500,000 100,000 or a whole multiple of $100,000 in excess thereof. Not later than 3:00 p.m. (local time at the Applicable Lending Office of the Administrative Agent) P.M., New York City time, on the date requested for a Swing Line Borrowing Date specified in a the notice in respect of Swing Line Loans, the Swing Line Lender shall make available to the Administrative Agent at the Applicable Lending Office 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 date Borrowing Date in immediately available accordance with the instructions of the Designated Borrower in like funds at any account of Borrower which is designated in writing as received by the Borrower to the Administrative Agent.