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

Purchase of Participations in Swing Loans. If, prior to the time Loans would have otherwise been made pursuant to Section 2.01(a)(iii), one of the events described in clause (f) or (g) of Section 6.01 with respect to the Borrower shall have occurred and be continuing, each Bank shall, on the date such Loans were to have been made pursuant to the notice referred to in Section 2.01(a)(iii) (the "Refunding Date"), purchase an undivided participating interest in the Swing Loans in an amount equal to such Bank's Swing Loan Refund Amount. On the Refunding Date, each Bank shall transfer to the Swing Lender, in immediately available funds, such Bank's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Bank 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 Bank.

Purchase of Participations in Swing Loans. If, prior to the time Loans would have otherwise been made pursuant to Section 2.01(a)(iii2.1(c), one of the events described in clause (f) or (g) of Section 6.01 6.1 with respect to the any Borrower shall have occurred and be continuing, each Bank Lender shall, on the date such Loans were to have been made pursuant to the notice referred to in Section 2.01(a)(iii2.1(c) (the "Refunding Date"), purchase an undivided participating interest in the Swing Loans in an amount equal to such BankLender's Swing Loan Refund Amount. On the Refunding Date, each Bank Lender shall transfer to the Swing Lender, in immediately available funds, such BankLender's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Bank 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 BankLender.

Purchase of Participations in Swing Loans. If, prior to the time Loans would have otherwise been made pursuant to Section 2.01(a)(iii2.1(b)(ii), one of the events described in clause (f) or (g) of Section 6.01 6.1 with respect to the Borrower shall have occurred and be continuing, each Bank shall, on the date such Loans were to have been made pursuant to the notice referred to in Section 2.01(a)(iii2.1(b)(ii) (the "Refunding Date"), purchase an undivided participating interest in the Swing Loans in an amount equal to such Bank's Swing Loan Refund Amount. On the Refunding Date, each Bank shall transfer to the Swing Lender, in immediately available funds, such Bank's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Bank 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 Bank.

Purchase of Participations in Swing Loans. If, If prior to the time Revolving Loans would have otherwise been made pursuant to Section 2.01(a)(iii2.01(d), one of the events described in clause (fg) or (gh) of Section 6.01 with respect to the Borrower shall have occurred and be continuing, each Bank Lender shall, on the date such Revolving Loans were to have been made pursuant to the notice referred to in Section 2.01(a)(iii2.01(d) (the "Refunding Date"), purchase an undivided participating interest in the Swing Loans in an amount equal to such BankLender's Swing Loan Refund Amount. On the Refunding Date, each Bank Lender shall transfer to the Swing Lender, in immediately available funds, such BankLender's Swing Loan Refund Amount, and upon receipt thereof the Swing Lender shall deliver to such Bank Lender a Swing Loan participation certificate participationcertificate dated the date of the Swing Lender's receipt of such funds and in the Swing Loan Refund Amount of such BankLender.