Common use of REFUNDING OF SWINGLINE LOANS BY THE LENDERS Clause in Contracts

REFUNDING OF SWINGLINE LOANS BY THE LENDERS. The Agent will not less than weekly and may, at any time in its sole and absolute discretion or upon request of the Swingline Lender, on behalf of the Borrowers (each of which hereby irrevocably directs the Agent to act on its behalf in this respect), give notice to the Lenders (including the Swingline Lender) requiring that they make a Reference Rate Revolving Loan to the relevant Borrower in an amount equal to the aggregate principal amount of the Swingline Loans then outstanding together with all interest accrued thereon but unpaid. Interest on any such Reference Rate Revolving Loan shall be calculated and payable in accordance with the provisions of clause 7.2.2.

REFUNDING OF SWINGLINE LOANS BY THE LENDERS. The Agent will not less than weekly and may, at any time in its sole and absolute discretion or upon request of the Swingline Lender, on behalf of the Borrowers (each of which hereby irrevocably directs the Agent to act on its behalf in this respect), give notice to the Lenders (including the Swingline Lender) requiring that they make a Reference Rate Revolving Loan to the relevant Borrower in an amount equal to the aggregate principal amount of the Swingline Loans then outstanding together with all interest accrued thereon but unpaid. Interest on any such Reference Rate Revolving Loan shall be calculated and payable in accordance with the provisions of clause Clause 7.2.2.