Common use of Provisions Relating to Swingline Availability Clause in Contracts

Provisions Relating to Swingline Availability. (1) While Scotia Capital is the sole Lender making Advances under the Swingline Availability, its participation in Advances under Credit B which are not made under the Swingline Availability (“Non Swingline Advances”) shall be reduced, and the participations of the other Lenders in such Non Swingline Advances shall be increased, and such participations may be adjusted from time to time, as determined by the Agent, so that each Lender’s overall Applicable Percentage of the aggregate of all Advances under Credit B is, to the greatest extent practicable, as provided in Schedule E to this Agreement. For greater certainty, the aggregate of Advances outstanding under the Swingline Availability and Non Swingline Advances made by Scotia Capital shall not at any time exceed Scotia Capital’s Commitment in respect of Credit B, and if it does, Convergys CMG Canada Limited Partnership shall repay Advances outstanding under the Swingline Availability in an amount to eliminate such excess as soon as possible and, in any event, immediately following notice thereof by the Agent.

Appears in 1 contract

Samples: Credit Agreement (Convergys Corp)

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Provisions Relating to Swingline Availability. (1) While Scotia Capital is the sole Lender making Advances under the Swingline Availability, its participation in Advances under the Credit B which are not made under the Swingline Availability (“Non Swingline Advances”"NON SWINGLINE ADVANCES") shall be reduced, and the participations of the other Lenders in such Non Swingline Advances shall be increased, and such participations may be adjusted from time to time, as determined by the Agent, so that each Lender’s 's overall Applicable Percentage of the aggregate of all Advances under the Credit B is, to the greatest extent practicable, as provided in Schedule E to this Agreement. For greater certainty, the aggregate of Advances outstanding under the Swingline Availability and Non Swingline Advances made by Scotia Capital shall not at any time exceed Scotia Capital’s 's Commitment in respect of Credit Bthe Credit, and if it does, Convergys CMG Canada Limited Partnership the Borrower shall repay Advances outstanding under the Swingline Availability in an amount to eliminate such excess as soon as possible and, in any event, immediately following notice thereof by the Agent.

Appears in 1 contract

Samples: Credit Agreement (Anixter International Inc)

Provisions Relating to Swingline Availability. (1) While Scotia Capital is the sole Lender making Advances under the Swingline Availability, its participation in Advances under Credit B A which are not made under the Swingline Availability (“Non Non-Swingline Advances”) shall be reduced, and the participations of the other Lenders in such Non Non-Swingline Advances shall be increased, and such participations may be adjusted from time to time, as determined by the Agent, so that each Lender’s overall Applicable Percentage of the aggregate of all Advances under Credit B A is, to the greatest extent practicable, as provided in Schedule E to this Agreement. For greater certainty, the aggregate of Advances outstanding under the Swingline Availability and Non Non-Swingline Advances made by Scotia Capital shall not at any time exceed Scotia Capital’s Commitment in respect of Credit BA, and if it does, Convergys CMG Canada Limited Partnership the Borrower shall repay Advances outstanding under the Swingline Availability in an amount to eliminate such excess as soon as possible and, in any event, immediately following notice thereof by the Agent.

Appears in 1 contract

Samples: Credit Agreement (Canwest Mediaworks Inc)

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Provisions Relating to Swingline Availability. (1) While Scotia Capital is the sole Lender making Advances under the Swingline Availability, its participation in Advances under the Credit B which are not made under the Swingline Availability (“Non Swingline Advances”) shall be reduced, and the participations of the other Lenders in such Non Swingline Advances shall be increased, and such participations may be adjusted from time to time, as determined by the Agent, so that each Lender’s overall Applicable Percentage of the aggregate of all Advances under the Credit B is, to the greatest extent practicable, as provided in Schedule E to this Agreement. For greater certainty, the aggregate of Advances outstanding under the Swingline Availability and Non Swingline Advances made by Scotia Capital shall not at any time exceed Scotia Capital’s Commitment in respect of Credit Bthe Credit, and if it does, Convergys CMG Canada Limited Partnership the Borrower shall repay Advances outstanding under the Swingline Availability in an amount to eliminate such excess as soon as possible and, in any event, immediately following notice thereof by the Agent.

Appears in 1 contract

Samples: Assignment and Assumption (Convergys Corp)

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