Common use of Refunding of Swing Line Loans Clause in Contracts

Refunding of Swing Line Loans. (a) At any time permitted hereunder, the Borrower or the Swing Line Bank may request the Banks to make Revolving Loans which may be applied to repay the Swing Line Loans outstanding. Upon occurrence and during continuance of a Default or Event of Default, the Swing Line Bank may, on behalf of the Borrower (which hereby irrevocably directs the Swing Line Bank to act on its behalf), upon notice given by the Swing Line Bank no later than 12:00 noon, Minneapolis time, on the relevant refunding date, request each Bank to make, and each Bank hereby agrees to make, a Revolving Loan (which shall be a Base Rate Advance), in an amount equal to such Bank’s Percentage of the aggregate amount of the Swing Line Loans (the “Refunded Swing Line Loans”) outstanding on the date of such notice, to refund such Swing Line Loans. Each Bank shall make the amount of such Revolving Loan available to the Agent in immediately available funds, no later than 2:00 p.m., Minneapolis time, on the date of such notice. The proceeds of such Revolving Loans shall be distributed by the Agent to the Swing Line Bank and immediately applied by the Swing Line Bank to repay the Refunded Swing Line Loans.

Refunding of Swing Line Loans. (a) At any time permitted hereunder, the Borrower or the Swing Line Bank may request the Banks to make Revolving Loans which may be applied to repay the Swing Line Loans outstanding. Upon occurrence and during continuance of a Default or Event of Default, the Swing Line Bank may, on behalf of the Borrower (which hereby irrevocably directs the Swing Line Bank to act on its behalf), upon notice given by the Swing Line Bank no later than 12:00 noon, Minneapolis time, on the relevant refunding date, request each Bank to make, and each Bank hereby agrees to make, a Revolving Loan (which shall be a Base Rate Advance), in an amount equal to such Bank’s Percentage of the aggregate amount of the Swing Line Loans (the “Refunded Swing Line Loans”) outstanding on the date of such notice, to refund such Swing Line Loans. Each Bank shall make the amount of such Revolving Loan available to the Agent in immediately available funds, no later than 2:00 p.m., Minneapolis time, on the date of such notice. The proceeds of such Revolving Loans shall be distributed by the Agent to the Swing Line Bank and immediately applied by the Swing Line Bank to repay the Refunded Swing Line Loans.

Refunding of Swing Line Loans. (a) At The Swing Line Lender, at any time permitted hereunderin its sole and absolute discretion may, and on the Borrower or seventh Banking Day after the borrowing of a Swing Line Bank may request the Banks to make Revolving Loans which may be applied to repay the Loan by a Borrower (if such Swing Line Loans outstanding. Upon occurrence and during continuance of a Default or Event of Default, the Swing Line Bank mayLoan has not been repaid in full) shall, on behalf of the such Borrower (which and such Borrower hereby irrevocably directs the Swing Line Bank Lender to so act on its behalf), behalf and with respect to such Borrower) upon notice given by the Swing Line Bank Lender no later than 12:00 noon, Minneapolis 1:00 p.m. (Boston time, ) on the relevant refunding date, request each Bank to make, and each Bank hereby agrees to make, a Revolving Committed Credit Loan (which shall be a Base Rate Advance), to such Borrower in an amount equal to such Bank’s 's Facility Percentage of the aggregate amount of the such Swing Line Loans Loan (the “Refunded Swing Line Loans”"REFUNDED SWING LINE LOAN") outstanding on the date of such notice, to refund such repay the Swing Line LoansLender. Each Bank shall make the amount of such Revolving Committed Credit Loan available to the Operations Agent in immediately available funds, no funds not later than 2:00 p.m., Minneapolis 3:00 p.m. (Boston time, ) on the date of such notice. The proceeds of such Revolving Committed Credit Loans shall be distributed by the Operations Agent to the Swing Line Bank Lender and immediately applied by the Swing Line Bank Lender to repay the Refunded Swing Line Loans.Line

Refunding of Swing Line Loans. (a) At If the Administrative Agent shall not have received full repayment in cash of any time permitted hereunder, the Borrower or the Swing Line Bank may request Loan on or before 1:00 p.m. (New York City time) on the Banks to make Revolving Loans which may be applied to repay day that is five (5) Business Days after the making of such Swing Line Loans outstanding. Upon occurrence and during continuance of a Default or Event of DefaultLoan, the Swing Line Bank Lender may, not later than 3:00 p.m. (New York City time), on such day, request on behalf of the Borrower of such Swing Line Loan (which hereby irrevocably directs authorizes the Swing Line Bank Lender to act on its behalf), upon notice given by that each Lender, including the Swing Line Bank no later than 12:00 noonLender, Minneapolis time, on the relevant refunding date, request each Bank to make, and each Bank hereby agrees to make, make a Revolving Credit Loan (which initially shall be a Base Rate Advance), Loan) in an amount equal to such BankLender’s Commitment Percentage of the aggregate outstanding amount of the portion of such Swing Line Loan (a “Refunded Swing Line Loan”). In accordance with Section 2.5(d), unless any of the events described in Section 9.1(f) shall have occurred and be continuing (in which event the procedures of clause (b) of this Section 2.5 shall apply), each Lender shall make the proceeds of its Revolving Credit Loan available to the Swing Line Lender for the account of the Swing Line Loans (Lender at the “Refunded Swing Line Loans”Lender’s Applicable Lending Office for Base Rate Loans prior to 11:00 a.m. (New York City time) outstanding in funds immediately available on the date of such notice, to refund such Swing Line Loans. Each Bank shall make the amount of such Revolving Loan available to the Agent in immediately available funds, no later than 2:00 p.m., Minneapolis time, on Business Day next succeeding the date of such noticerequest is made. The proceeds of such Revolving Credit Loans shall be distributed by the Agent to the Swing Line Bank and immediately applied by the Swing Line Bank to repay the Refunded Swing Line Loans.

Refunding of Swing Line Loans. (a) At Swing Line Loans are only intended to be outstanding for a period of five (5) Business Days or less after the making thereof. To maintain compliance with this limitation, at any time permitted hereunder, the Borrower or the Swing Line Bank may request the Banks to make Revolving Loans which may be applied to repay the Swing Line Loans then outstanding. Upon If the Borrower shall not make such requests in a timely manner, or upon occurrence and during continuance of a Default or Event of Default, the Swing Line Bank may, on behalf of the Borrower (which hereby irrevocably directs direct the Swing Line Bank to act on its behalf), upon notice given by the Swing Line Bank no later than 12:00 noon, Minneapolis time, on the relevant refunding date, request each Bank to make, and each Bank hereby agrees to make, a Revolving Loan (which shall be a Base Rate Advance), in an amount equal to such Bank’s 's Revolving Percentage of the aggregate amount of the Swing Line Loans (the “"Refunded Swing Line Loans”") outstanding on the date of such notice, to refund such Swing Line Loans. Each Bank shall make the amount of such Revolving Loan available to the Agent in immediately available funds, no later than 2:00 p.m., Minneapolis time, on the date of such notice. The proceeds of such Revolving Loans shall be distributed by the Agent to the Swing Line Bank and shall immediately be applied by the Swing Line Bank to repay the Refunded Swing Line Loans.

Refunding of Swing Line Loans. (a) At any time permitted hereunder, the Borrower or the Swing Line Bank may request the Banks to make Revolving Loans which may be applied to repay the Swing Line Loans outstanding. Upon occurrence and during continuance of a Default or Event of Default, the Swing Line Bank may, on behalf of the Borrower (which hereby irrevocably directs the Swing Line Bank to act on its behalf), upon notice given by the Swing Line Bank no later than 12:00 noon, Minneapolis time, on the relevant refunding date, request each Bank to make, and each Bank hereby agrees to make, a Revolving Loan (which shall be a Base Reference Rate Advance), in an amount equal to such Bank’s 's Percentage of the aggregate amount of the Swing Line Loans (the “"Refunded Swing Line Loans”") outstanding on the date of such notice, to refund such Swing Line Loans. Each Bank shall make the amount of such Revolving Loan available to the Agent in immediately available funds, no later than 2:00 1:00 p.m., Minneapolis time, on the date of such notice. The proceeds of such Revolving Loans shall be distributed by the Agent to the Swing Line Bank and immediately applied by the Swing Line Bank to repay the Refunded Swing Line Loans.

Refunding of Swing Line Loans. 2.5(a) Swing Line Loans are only intended to be outstanding for a period of five (a5) At Business Days or less after the making thereof. To maintain compliance with this limitation, at any time permitted hereunder, the Borrower or the Swing Line Bank may request the Banks to make Revolving Loans which may be applied to repay the Swing Line Loans then outstanding. Upon If the Borrower shall not make such requests in a timely manner, or upon occurrence and during continuance of a Default or Event of Default, the Swing Line Bank may, on behalf of the Borrower (which hereby irrevocably directs direct the Swing Line Bank to act on its behalf), upon notice given by the Swing Line Bank no later than 12:00 noon, Minneapolis time, on the relevant refunding date, request each Bank to make, and each Bank hereby agrees to make, a Revolving Loan (which shall be a Base Prime Rate Advance), in an amount equal to such Bank’s Revolving Percentage of the aggregate amount of the Swing Line Loans (the “Refunded Swing Line Loans”) outstanding on the date of such notice, to refund such Swing Line Loans. Each Bank shall make the amount of such Revolving Loan available to the Agent in immediately available funds, no later than 2:00 p.m., Minneapolis time, on the date of such notice. The proceeds of such Revolving Loans shall be distributed by the Agent to the Swing Line Bank and shall immediately be applied by the Swing Line Bank to repay the Refunded Swing Line Loans.