Common use of Refunding Loans Clause in Contracts

Refunding Loans. In its sole and absolute discretion, the Administrative Agent may at any time, on behalf of the Borrower (which hereby irrevocably authorizes the Administrative Agent to act on its behalf for such purpose) and with notice to the Borrower, request each Lender to make a Revolving Loan in the form of a Base Rate Loan in an amount equal to such Lender’s Revolver Percentage of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 9.1(j) or 9.1

Appears in 8 contracts

Samples: Credit Agreement (Penford Corp), Credit Agreement (Penford Corp), Credit Agreement (Penford Corp)

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Refunding Loans. In its sole and absolute discretion, the Administrative Agent may at any time, on behalf of the Borrower (which hereby irrevocably authorizes the Administrative Agent to act on its behalf for such purpose) and with notice to the Borrower, request each Lender to make a Revolving Loan in the form of a Base Rate Loan in an amount equal to such Lender’s 's Revolver Percentage of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 9.1(j8.1(i) or 9.18.1

Appears in 2 contracts

Samples: Credit Agreement (Hewitt Associates Inc), Credit Agreement (Hewitt Associates Inc)

Refunding Loans. In its sole and absolute discretion, the Administrative Agent may at any time, on behalf of the Borrower (which hereby irrevocably authorizes the Administrative Agent to act on its behalf for such purpose) and with notice to the Borrower, request each Lender to make a Revolving Loan in the form of a Base Rate Loan in an amount equal to such Lender’s 's Revolver Percentage of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 9.1(j) or 9.1

Appears in 2 contracts

Samples: Credit Agreement (Plexus Corp), Credit Agreement (Rent Way Inc)

Refunding Loans. In its sole and absolute discretion, the Administrative Agent may at any time, on behalf of the Borrower Borrowers (which hereby irrevocably authorizes authorize the Administrative Agent to act on its their behalf for such purpose) and with notice to the BorrowerBorrowers, request each Lender to make a Revolving Loan in the form of a Base Rate Loan in an amount equal to such Lender’s 's Revolver Percentage of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 9.1(j) or 9.1

Appears in 1 contract

Samples: Credit Agreement (Racing Champions Corp)

Refunding Loans. In its sole and absolute discretion, the Administrative Agent may at any time, on behalf of the Borrower Borrowers (which hereby irrevocably authorizes authorize the Administrative Agent to act on its their behalf for such purpose) and with notice to the BorrowerBorrowers, request each Lender to make a Revolving Loan in the form of a Base Rate Loan in an amount equal to such Lender’s Revolver Percentage of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 9.1(j) or 9.1

Appears in 1 contract

Samples: Credit Agreement (Rc2 Corp)

Refunding Loans. In its sole and absolute discretion, the Administrative Agent may at any time, on behalf of the Borrower (which hereby irrevocably authorizes the Administrative Agent to act on its behalf for such purpose) and with notice to the Borrower, request each Lender to make a Revolving Loan in the form of a Base Rate Loan in an amount equal to such Lender’s Revolver Percentage of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 9.1(j) or 9.1

Appears in 1 contract

Samples: Credit Agreement (Unified Western Grocers Inc)

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Refunding Loans. In its sole and absolute discretion, the Administrative Agent may at any time, on behalf of the Borrower Company (which hereby irrevocably authorizes the Administrative Agent to act on its behalf for such purpose) and with notice to the BorrowerCompany, request each Lender to make a Revolving Loan in the form of a Base Rate Loan in an amount equal to such Lender’s Revolver 's Percentage of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 9.1(j) or 9.1

Appears in 1 contract

Samples: Credit Agreement (Amcol International Corp)

Refunding Loans. In its sole and absolute discretion, the Administrative Agent may at any time, on behalf of the Borrower (which hereby irrevocably authorizes the Administrative Agent to act on its behalf for such purpose) and with notice to the Borrower, request each Lender to make a Revolving Loan in the form of a Base Rate Loan in an amount equal to such Lender’s Revolver Percentage of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 9.1(j8.1(j) or 9.18.1

Appears in 1 contract

Samples: Credit Agreement (Usfreightways Corp)

Refunding Loans. In its sole and absolute discretion, the Administrative Agent may at any time, on behalf of the Borrower Borrowers (which hereby irrevocably authorizes authorize the Administrative Agent to act on its their behalf for such purpose) and with notice to the BorrowerBorrowers, request each Lender to make a Revolving Loan in the form of a Base Rate Loan in an amount equal to such Lender’s Revolver 's Percentage of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 9.1(j) or 9.1

Appears in 1 contract

Samples: Credit Agreement (Racing Champions Corp)

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