Common use of Refunding of Swing Loans Clause in Contracts

Refunding of Swing Loans. In its sole and absolute discretion, the Swing Line Lender may at any time, on behalf of the Borrowers (which the Borrowers hereby irrevocably authorize the Swing Line Lender to act on their behalf for such purpose) and with notice to the Borrowers and the Administrative Agent, request each U.S. Revolving Lender to make a U.S. Revolving Loan in the form of a Base Rate Loan in an amount equal to such Xxxxxx’s Pro Rata Share of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 8.1(g) or 8.1(h) exists with respect to any Borrower, regardless of the existence of any other Event of Default, each U.S. Revolving Lender shall make the proceeds of its requested U.S. Revolving Loan available to the Administrative Agent, in immediately available funds, at the Administrative Agent’s principal office in Cincinnati, Ohio, before 12:00 noon (Cincinnati time) on the Business Day such notice is given if such notice is provided to the U.S. Revolving Lenders by 11:00 a.m. (Cincinnati time) on such day. The proceeds of such Borrowing of U.S. Revolving Loans shall be immediately applied to repay the outstanding Swing Loans.

Refunding of Swing Loans. In its sole and absolute discretion, the Swing Line Lender may at any time, on behalf of the Borrowers applicable Borrower (which the Borrowers each Borrower hereby irrevocably authorize authorizes the Swing Line Lender to act on their its behalf for such purpose) and with notice to the Borrowers such Borrower and the Administrative Agent, request each U.S. Revolving Lender to make a U.S. SBAC Revolving Loan or a SBF Revolving Loan, as applicable, in the form of a Base Rate Loan in an amount equal to such XxxxxxLender’s Pro Rata Share of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 8.1(g9.1(i) or 8.1(h9.1(j) exists with respect to any either Borrower, regardless of the existence of any other Event of Default, each U.S. Revolving Lender shall make the proceeds of its requested U.S. SBAC Revolving Loan and/or SBF Revolving Loan, as applicable, available to the Administrative Agent, in immediately available funds, at the Administrative Agent’s principal office in Cincinnati, Ohio, before 12:00 noon 2:00 p.m. (Cincinnati time) on the Business Day such notice is given if such notice is provided to the U.S. Revolving Lenders by 11:00 a.m. (Cincinnati time) on such daygiven. The proceeds of such Borrowing of U.S. SBAC Revolving Loans and/or SBF Revolving Loans, as applicable, shall be immediately applied to repay the outstanding Swing Loans.

Refunding of Swing Loans. In its sole and absolute discretion, the Swing Line Lender Administrative Agent may at any time, time on behalf of the Borrowers (which and the Borrowers hereby irrevocably authorize the Swing Line Lender Administrative Agent to act on their behalf for such purpose) and with notice to the Borrowers and the Administrative AgentU.S. Borrower, request each U.S. Lender with a Revolving Lender Facility Commitment to make a U.S. Revolving Facility Loan in the form of a Base Rate an ABR Loan in an amount equal to such XxxxxxLender’s Pro Rata Share ratable share (in accordance with their Revolving Facility Commitments) of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 8.1(gclauses (h), (i) or 8.1(h(j) exists with respect to any Borrowerof Article VII exists, regardless of the existence of any other Event of Default, each U.S. Lender with a Revolving Lender Facility Commitment shall make the proceeds of its requested U.S. Revolving Facility Loan available to the Administrative Agent, in immediately available funds, at the Administrative Agent’s principal office in Cincinnati, Ohio, before 12:00 noon Noon (Cincinnati time) on the Business Day following the day such notice is given if such notice is provided to the U.S. in accordance with their Revolving Lenders by 11:00 a.m. (Cincinnati time) on such dayFacility Commitments. The proceeds of such Borrowing of U.S. Revolving Facility Loans shall be immediately applied to repay the outstanding Swing Loans.

Refunding of Swing Loans. In its sole and absolute discretion, the Swing Line Lender may at any time, on behalf of the Borrowers applicable Borrower (which the Borrowers each Borrower hereby irrevocably authorize authorizes the Swing Line Lender to act on their its behalf for such purpose) and with notice to the Borrowers such Borrower and the Administrative Agent, request each U.S. Revolving Lender to make a U.S. SBAC Revolving Loan or a SBF Revolving Loan, as applicable, in the form of a Base Rate Loan in an amount equal to such XxxxxxLender’s Pro Rata Share of the amount of the Swing Loans outstanding on the date such notice is given. Unless an Event of Default described in Section 8.1(g9.1(h) or 8.1(h9.1 (i) exists with respect to any either Borrower, regardless of the existence of any other Event of Default, each U.S. Revolving Lender shall make the proceeds of its requested U.S. SBAC Revolving Loan and/or SBF Revolving Loan, as applicable, available to the Administrative Agent, in immediately available funds, at the Administrative Agent’s principal office in Cincinnati, Ohio, before 12:00 noon 2:00 p.m. (Cincinnati time) on the Business Day such notice is given if such notice is provided to the U.S. Revolving Lenders by 11:00 a.m. (Cincinnati time) on such daygiven. The proceeds of such Borrowing of U.S. SBAC Revolving Loans and/or SBF Revolving Loans, as applicable, shall be immediately applied to repay the outstanding Swing Loans.