Common use of Purchase of Participations in Swing Loans Clause in Contracts

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(ii), any of the events described in §§12.1(g) or (h) with respect to the Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such date, each Lender shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(ii) (the “Refunding Date”), purchase an undivided participating interest in the Swing Loans in an amount equal to such Lender’s Swing Loan Refund Amount. On the Refunding Date, each Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender a Swing Loan participation certificate dated the date of the Swing Lender’s receipt of such funds and in the Swing Loan Refund Amount of such Lender.

Appears in 3 contracts

Samples: Credit Agreement (Mack Cali Realty L P), Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty L P)

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Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.1(b)(iii), any of the events described in §§12.1(g) or (hSection 9.1(e) with respect to the either Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such date, each Lender shall, on the date any such Revolving Credit Loans were to have been be made pursuant to the notice request referred to in §2.1(b)(iiSection 2.1(b)(iii) (the “Refunding Date”), purchase an undivided participating interest Participation Interest in the Swing Loans in an amount equal to such Lender’s Swing Loan Refund Amount. On the Refunding Date, each Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender a Swing Loan participation certificate dated the date of the Swing Lender’s receipt of such funds and in the Swing Loan Refund Amount of such Lender.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Brandywine Operating Partnership, L.P.), Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa), Revolving Credit Agreement (Brandywine Operating Partnership Lp /Pa)

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit Loans would have otherwise been made pursuant to §Section 2.1(b)(ii), any of the events described in §§Sections 12.1(g) or (h) with respect to the Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such date, each Lender shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §Section 2.1(b)(ii) (the “Refunding Date”"REFUNDING DATE"), purchase an undivided participating interest in the Swing Loans in an amount equal to such Lender’s 's Swing Loan Refund Amount. On the Refunding Date, each Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s 's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such Lender.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Mack Cali Realty L P), Revolving Credit Agreement (Mack Cali Realty Corp)

Purchase of Participations in Swing Loans. If, If prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.01(e), any one of the events described in §§12.1(gclause (g) or (h) of Section 6.01 with respect to the relevant Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Revolving Lender shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.01(e) (the "Refunding Date"), purchase an undivided participating interest in the Swing Loans in an amount equal to such Revolving Lender’s 's Swing Loan Refund Amount. On the Refunding Date, each Revolving Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s 's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Revolving Lender a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such Revolving Lender.

Appears in 2 contracts

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc), Credit Agreement (Metro-Goldwyn-Mayer Inc)

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit ----------------------------------------- Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.1(a)(iii), any one of the events described in §§12.1(gclause (f) or (hg) of Section 6.1 with respect to the Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Lender Bank shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.1(a)(iii) (the "Refunding Date"), purchase an undivided participating interest -------------- in the Swing Loans in an amount equal to such Lender’s Bank's Swing Loan Refund Amount. On the Refunding Date, each Lender Bank shall transfer to the Swing Lender, in immediately available funds, such Lender’s Bank's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender Bank a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such LenderBank.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Cabot Corp), Assignment and Assumption Agreement (Cabot Industrial Trust)

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit ----------------------------------------- Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.1(a)(iii), any one of the events described in §§12.1(gclause (f) or (hg) of Section 6.1 with respect to the Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Lender Bank shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.1(a)(iii) (the "Refunding Date"), purchase an undivided participating interest in the Swing -------------- Loans in an amount equal to such Lender’s Bank's Swing Loan Refund Amount. On the Refunding Date, each Lender Bank shall transfer to the Swing Lender, in immediately available funds, such Lender’s Bank's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender Bank a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such LenderBank.

Appears in 2 contracts

Samples: Credit Agreement (Cabot Industrial Properties Lp), Credit Agreement (Cabot Industrial Trust)

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.1(b)(iii), any of the events described in §§12.1(g) or (hSection 9.1(e) with respect to the either Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such date, each Revolving Loan Lender shall, on the date any such Revolving Credit Loans were to have been be made pursuant to the notice request referred to in §2.1(b)(iiSection 2.1(b)(iii) (the “Refunding Date”), purchase an undivided participating interest Participation Interest in the Swing Loans in an amount equal to such Lender’s Swing Loan Refund Amount. On the Refunding Date, each Lender shall transfer to the Administrative Agent for the benefit of the Swing LenderLenders, in immediately available funds, such Lender’s Swing Loan Refund Amount, and upon receipt thereof the each Swing Lender shall deliver to such Lender a Swing Loan participation certificate dated the date of the such Swing Lender’s receipt of such funds and in the Swing Loan Refund Amount of such Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Brandywine Operating Partnership, L.P.)

Purchase of Participations in Swing Loans. If, prior to ----------------------------------------- the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.1(a)(iii), any one of the events described in §§12.1(gclause (f) or (hg) of Section 6.1 with respect to the Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Lender Bank shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.1(a)(iii) (the "Refunding Date"), purchase an undivided participating interest -------------- in the Swing Loans in an amount equal to such Lender’s Bank's Swing Loan Refund Amount. On the Refunding Date, each Lender Bank shall transfer to the Swing LenderLenders, in immediately available funds, such Lender’s Bank's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender Lenders shall deliver to such Lender Bank a Swing Loan participation certificate dated the date of the Swing Lender’s Lenders' receipt of such funds and in the Swing Loan Refund Amount of such LenderBank.

Appears in 1 contract

Samples: Revolving Credit Agreement (Trinet Corporate Realty Trust Inc)

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSECTION 2.1(c)(iii), any one of the events described in §§12.1(gclause (f) or (hg) of SECTION 10.1 with respect to the Borrower or TMC shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Lender shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice request referred to in §2.1(b)(iiSECTION 2.1(c)(iii) (the “Refunding Date”"REFUNDING DATE"), purchase an undivided participating interest in the Swing Loans in an amount equal to such Lender’s 's Swing Loan Refund Amount. On the Refunding Date, each Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s 's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Mills Corp)

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.1(e)(ii), any one of the events described in §§12.1(gclause (f) or (hg) of Section 6.1 with respect to the Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Lender Tranche B Bank shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.1(a)(ii) (the "Refunding Date"), purchase an undivided participating interest in the Swing Loans in an amount equal to such Lender’s Tranche B Bank's Swing Loan Refund Amount. On the Refunding Date, each Lender Tranche B Bank shall transfer to the Swing Lender, in immediately available funds, such Lender’s Tranche B Bank's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender Tranche B Bank a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such Lender.Tranche B Bank. (iv)

Appears in 1 contract

Samples: Credit Agreement (Ventas Inc)

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.1(c)(iii), any one of the events described in §§12.1(gclause (f) or (hg) of Section 10.1 with respect to the Borrower or TMC shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Lender shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice request referred to in §2.1(b)(iiSection 2.1(c)(iii) (the “Refunding Date”), purchase an undivided participating interest in the Swing Loans in an amount equal to such Lender’s Swing Loan Refund Amount. On the Refunding Date, each Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender a Swing Loan participation certificate dated the date of the Swing Lender’s receipt of such funds and in the Swing Loan Refund Amount of such Lender.

Appears in 1 contract

Samples: Assignment and Acceptance (Mills Corp)

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Purchase of Participations in Swing Loans. If, If prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.01(d), any one of the events described in §§12.1(gclause (g) or (h) of Section 6.01 with respect to the Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Lender shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.01(d) (the "Refunding Date"), purchase an undivided participating interest in the Swing Loans in an amount equal to such Lender’s 's Swing Loan Refund Amount. On the Refunding Date, each Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s 's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Exide Electronics Group Inc)

Purchase of Participations in Swing Loans. If, If prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.01(e), any one of the events described in §§12.1(gclause (g) or (h) of Section 6.01 with respect to the Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Revolving Lender shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.01(e) (the "Refunding Date"), purchase an undivided participating interest in the Swing Loans in an amount equal to such Revolving Lender’s 's Swing Loan Refund Amount. On the Refunding Date, each Revolving Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s 's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Revolving Lender a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such Revolving Lender.

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

Purchase of Participations in Swing Loans. If, If prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.01(e), any one of the events described in §§12.1(gclause (g) or (h) of Section 6.01 with respect to the relevant Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Revolving Lender shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.01(e) (the “Refunding Date”"REFUNDING DATE"), purchase an undivided participating interest in the Swing Loans in an amount equal to such Revolving Lender’s 's Swing Loan Refund Amount. On the Refunding Date, each Revolving Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s 's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Revolving Lender a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such Revolving Lender.

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.1(b)(iii), any of the events described in §§12.1(g) or (hSection 9.1(e) with respect to the either Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such date, each Lender shall, on the date any such Revolving Credit Loans were to have been be made pursuant to the notice request referred to in §2.1(b)(iiSection 2.1(b)(iii) (the “Refunding Date”"REFUNDING DATE"), purchase an undivided participating interest Participation Interest in the Swing Loans in an amount equal to such Lender’s 's Swing Loan Refund Amount. On the Refunding Date, each Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s 's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such Lender.

Appears in 1 contract

Samples: Credit Agreement (Brandywine Realty Trust)

Purchase of Participations in Swing Loans. If, prior to the time Revolving Credit ----------------------------------------- Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.01(a)(iii), any one of the events described in §§12.1(gclause (f) or (hg) of Section 6.01 with respect to the Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Lender Bank shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.01(a)(iii) (the "Refunding --------- Date"), purchase an undivided participating interest in the Swing Loans in an ---- amount equal to such Lender’s Bank's Swing Loan Refund Amount. On the Refunding Date, each Lender Bank shall transfer to the Swing Lender, in immediately available funds, such Lender’s Bank's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Lender Bank a Swing Loan participation certificate dated the date of the Swing Lender’s 's receipt of such funds and in the Swing Loan Refund Amount of such LenderBank.

Appears in 1 contract

Samples: Revolving Credit Agreement (Security Capital Atlantic Inc)

Purchase of Participations in Swing Loans. If, If prior to the time Revolving Credit Loans would have otherwise been made pursuant to §2.1(b)(iiSection 2.01(e), any one of the events described in §§12.1(gclause (g) or (h) of Section 6.01 with respect to the relevant Borrower shall have occurred and be continuing or Revolving Credit Loans cannot otherwise be made on such datecontinuing, each Revolving Lender shall, on the date such Revolving Credit Loans were to have been made pursuant to the notice referred to in §2.1(b)(iiSection 2.01(e) (the “Refunding Date”), purchase an undivided participating interest in the Swing Loans in an amount equal to such Revolving Lender’s Swing Loan Refund Amount. On the Refunding Date, each Revolving Lender shall transfer to the Swing Lender, in immediately available funds, such Lender’s Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Revolving Lender a Swing Loan participation certificate dated the date of the Swing Lender’s receipt of such funds and in the Swing Loan Refund Amount of such Revolving Lender.

Appears in 1 contract

Samples: Credit Agreement (Metro-Goldwyn-Mayer Inc)

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