Common use of Provisions of the Swing Line Note Clause in Contracts

Provisions of the Swing Line Note. The Swing Line Note issued to the Swing Line Lender shall (A) be executed by Borrower, (B) be payable to the order of Swing Line Lender or its registered assigns and be dated the Initial Borrowing Date, (C) be in a stated principal amount equal to the Swing Line Commitment and be payable in the aggregate principal amount of the Swing Line Loans evidenced thereby, (D) mature, with respect to each Loan evidenced thereby, five (5) Business Days prior to the Termination Date, (E) be subject to mandatory prepayment as provided in Section 4.3, (F) bear interest as provided in Section 3.1 in respect of the Base Rate Loans evidenced thereby and (G) be entitled to the benefits of this Agreement and the other applicable Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (BMC Industries Inc/Mn/), And Restatement Agreement (BMC Industries Inc/Mn/), Credit Agreement (Compx International Inc)

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Provisions of the Swing Line Note. The Swing Line Note issued to the Swing Line Lender BT shall (A) be executed by Borrower, (B) be payable to the order of Swing Line Lender BT or its registered assigns and be dated the Initial Borrowing Date, (C) be in a stated principal amount equal to the Swing Line Commitment and be payable in the aggregate principal amount of the Swing Line Loans evidenced thereby, (D) mature, with respect to each Loan evidenced thereby, five (5) Business Days prior to the Revolver Termination Date, (E) be subject to mandatory prepayment as provided in Section 4.4 and voluntary prepayment as provided in Section 4.3, (F) bear interest as provided in Section 3.1 in respect of the Base Rate Loans Loan evidenced thereby and (G) be entitled to the benefits of this Agreement and the other applicable Loan Documents.

Appears in 3 contracts

Samples: Credit Agreement (TNS Inc), Credit Agreement (Irwin Telecom Services Inc), Credit Agreement (Gaylord Container Corp /De/)

Provisions of the Swing Line Note. The Swing Line Note issued to the Swing Line Lender shall (A) be executed by Borrower, (B) be payable to the order of Swing Line Lender or its registered assigns and be dated the Initial Borrowing Date, (C) be in a stated principal amount equal to the Swing Line Commitment and be payable in the aggregate principal amount of the Swing Line Loans evidenced thereby, (D) mature, with respect to each Loan evidenced thereby, five (5) Business Days prior to the Termination Date, (E) be subject to mandatory prepayment as provided in Section SECTION 4.3, (F) bear interest as provided in Section SECTION 3.1 in respect of the Base Rate Loans evidenced thereby and (G) be entitled to the benefits of this Agreement and the other applicable Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (BMC Industries Inc/Mn/), Credit Agreement (BMC Industries Inc/Mn/)

Provisions of the Swing Line Note. The Swing Line Note issued to the Swing Line Lender shall (A) be executed by Borrowerthe Company, (B) be payable to the order of the Swing Line Lender or its registered assigns and be dated the Initial Borrowing DateLender, (C) be in a stated principal amount equal to the Swing Line Commitment and be payable in the aggregate principal amount of the Swing Line Loans evidenced thereby, (D) mature, with respect to each Swing Line Loan evidenced thereby, five (5) Business Days prior to the Termination Date, (E) be subject to mandatory prepayment as provided in Section 4.34.3 and voluntary prepayment as provided in Section 4.2, (F) bear interest as provided in Section 3.1 in respect of the Base Rate Loans evidenced thereby and (G) be entitled to the benefits of this Agreement and the other applicable Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Glatfelter P H Co)

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Provisions of the Swing Line Note. The Swing Line Note issued to the Swing Line Lender BT shall (A) be executed by BorrowerBorrowers on a joint and several basis, (B) be payable to the order of Swing Line Lender BT or its registered assigns and be dated the Initial Borrowing Date, (C) be in a stated principal amount equal to the Swing Line Commitment and be payable in the aggregate principal amount of the Swing Line Loans evidenced thereby, (D) mature, with respect to each Loan evidenced thereby, five (5) Business Days prior to the Revolver Termination Date, (E) be subject to mandatory prepayment as provided in Section 4.4 and voluntary prepayment as provided in Section 4.3, (F) bear interest as provided in Section 3.1 in respect of the Base Rate Loans Loan evidenced thereby and (G) be entitled to the benefits of this Agreement and the other applicable Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Natg Holdings LLC)

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