Common use of Refundings of Swing Loans; Participations in Swing Loans Clause in Contracts

Refundings of Swing Loans; Participations in Swing Loans. (i) The Swing Loan Lender, at any time in its sole and absolute discretion, may, on behalf of the Borrower (which hereby irrevocably directs the Swing Loan Lender to act on its behalf) request each Revolving Credit Lender, including the Swing Loan Lender, in its capacity as a Revolving Credit Lender, to make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s Applicable Percentage of the amount of the Swing Loans (the “Refunded Swing Loans”) outstanding on the date such notice is given. Upon such request, unless any of the Events of Default described in Section 8.1(g) or (h) shall have occurred (in which event the procedures of Section 2.8(d)(ii) shall apply), each Revolving Credit Lender shall make the proceeds of its Revolving Credit Loan available to the Administrative Agent, for the account of the Swing Loan Lender, at the Administrative Agent’s office prior to 11:00 a.m. New York time in funds immediately available on the Business Day next succeeding the date such notice is given. The proceeds of such Revolving Credit Loans shall be immediately applied to repay the Refunded Swing Loans.

Appears in 4 contracts

Samples: Credit Agreement (Lbi Media Holdings Inc), Lease Agreement (Lbi Media Holdings Inc), Credit Agreement (Lbi Media Holdings Inc)

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Refundings of Swing Loans; Participations in Swing Loans. (i) The Swing Loan Lender, at any time in its sole and absolute discretion, may, on behalf of the Borrower (which hereby irrevocably directs the Swing Loan Lender to act on its behalf) request each Revolving Credit Lender, including the Swing Loan Lender, in its capacity as a Revolving Credit Lender, to make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s Applicable Percentage of the amount of the Swing Loans (the “Refunded Swing Loans”) outstanding on the date such notice is given. Upon such request, unless any of the Events of Default described in Section 8.1(g9.1 (g) or (h) shall have occurred (in which event the procedures of Section 2.8(d)(ii2.6(d)(ii) shall apply), each Revolving Credit Lender shall make the proceeds of its Revolving Credit Loan available to the Administrative Agent, for the account of the Swing Loan Lender, at the Administrative Agent’s office prior to 11:00 a.m. New York Boston, Massachusetts time in funds immediately available on the Business Day next succeeding the date such notice is given. The proceeds of such Revolving Credit Loans shall be immediately applied to repay the Refunded Swing Loans.

Appears in 3 contracts

Samples: Credit and Security Agreement (Ameresco, Inc.), Credit and Security Agreement (Ameresco, Inc.), Credit and Security Agreement (Ameresco, Inc.)

Refundings of Swing Loans; Participations in Swing Loans. (i) The Swing Loan Lender, at any time in its sole and absolute discretion, may, on behalf of the Borrower (which hereby irrevocably directs the Swing Loan Lender to act on its behalf) request each Revolving Credit Lender, including the Swing Loan Lender, in its capacity as a Revolving Credit Lender, to make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s 's Applicable Percentage of the amount of the Swing Loans (the "Refunded Swing Loans”) " outstanding on the date such notice is given. Upon such request, unless Unless any of the Events of Default described in Section 8.1(g), (h) or (hi) shall have occurred (in which event the procedures of Section 2.8(d)(ii) shall apply), ) each Revolving Credit Lender shall make the proceeds of its Revolving Credit Loan available to the Administrative Agent, for the account of the Swing Loan Lender, at the Administrative Agent’s office 's Head Office prior to 11:00 a.m. New York time Boston, Massachusetts Time in funds immediately available on the Business Day next succeeding the date such notice is given. The proceeds of such Revolving Credit Loans shall be immediately applied to repay the Refunded Swing Loans.

Appears in 2 contracts

Samples: Credit Agreement (Affinity Group Inc), Credit Agreement (Affinity Group Holding, Inc.)

Refundings of Swing Loans; Participations in Swing Loans. (i) The Swing Loan Lender, at any time in its sole and absolute discretion, may, on behalf of the Borrower (which hereby irrevocably directs the Swing Loan Lender to act on its behalf) request each Revolving Credit Lender, including the Swing Loan Lender, in its capacity as a Revolving Credit Lender, to make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s 's Applicable Percentage of the amount of the Swing Loans (the “Refunded Swing Loans”"REFUNDED SWING LOANS") outstanding on the date such notice is given. Upon such request, unless Unless any of the Events of Default described in Section 8.1(g8.1 (g), (h) or (hi) shall have occurred (in which event the procedures of Section 2.8(d)(ii) shall apply), ) each Revolving Credit Lender shall make the proceeds of its Revolving Credit Loan available to the Administrative Agent, for the account of the Swing Loan Lender, at the Administrative Agent’s office 's Head Office prior to 11:00 a.m. New York time Boston, Massachusetts Time in funds immediately available on the Business Day next succeeding the date such notice is given. The proceeds of such Revolving Credit Loans shall be immediately applied to repay the Refunded Swing Loans.

Appears in 1 contract

Samples: Credit Agreement (Affinity Group Holding Inc)

Refundings of Swing Loans; Participations in Swing Loans. (i) The Swing Loan Lender, at any time in its sole and absolute discretion, may, on behalf of the Borrower (which hereby irrevocably directs the Swing Loan Lender to act on its behalf) request each Revolving Credit Lender, including the Swing Loan LenderBankBoston, in its capacity as a Revolving Credit Lender, to make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s 's Applicable Percentage of the amount of the Swing Loans (the "Refunded Swing Loans") outstanding on the date such notice is givengiven in Dollars and each of the Alternative Currency amounts of each such Refunded Swing Loan. Upon such request, unless Unless any of the Events of Default described in Section 8.1(g), (h) or (hi) shall have occurred (in which event the procedures of Section 2.8(d)(ii) shall apply), ) each Revolving Credit Lender shall make the proceeds of its Revolving Credit Loan available to the Administrative Agent, for the account of the Swing Loan Lender, at the Administrative Agent’s office 's Head Office prior to 11:00 a.m. New York time 3:00p.m EDT or EST in Alternative Currency or Dollars and in funds immediately available on the Business Day next succeeding the date such notice is given. The proceeds of such Revolving Credit Loans shall be immediately applied to repay the Refunded Swing Loans.

Appears in 1 contract

Samples: Credit Agreement (Sli Inc)

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Refundings of Swing Loans; Participations in Swing Loans. (i) The Swing Loan Lender, at any time in its sole and absolute discretion, may, on behalf of the Borrower (which hereby irrevocably directs the Swing Loan Lender to act on its behalf) request each Revolving Credit Lender, including the Swing Loan Lender, in its capacity as a Revolving Credit Lender, to make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s Applicable Percentage of the amount of the Swing Loans (the “Refunded Swing Loans”) outstanding on the date such notice is given. Upon such request, unless Unless any of the Events of Default described in Section 8.1(g8.1 (g), (h) or (hi) shall have occurred (in which event the procedures of Section 2.8(d)(ii) shall apply), ) each Revolving Credit Lender shall make the proceeds of its Revolving Credit Loan available to the Administrative Agent, for the account of the Swing Loan Lender, at the Administrative Agent’s office Head Office prior to 11:00 a.m. New York time Boston, Massachusetts Time in funds immediately available on the Business Day next succeeding the date such notice is given. The proceeds of such Revolving Credit Loans shall be immediately applied to repay the Refunded Swing Loans.

Appears in 1 contract

Samples: Credit Agreement (Affinity Group Holding Inc)

Refundings of Swing Loans; Participations in Swing Loans. (i) The Swing Loan Lender, at any time in its sole and absolute discretion, may, on behalf of the Borrower (which hereby irrevocably directs the Swing Loan Lender to act on its behalf) request each Revolving Credit Lender, including the Swing Loan Lender, in its capacity as a Revolving Credit Lender, to make a Revolving Credit Loan in an amount equal to such Revolving Credit Lender’s Applicable Percentage of the amount of the Swing Loans (the “Refunded Swing Loans”) outstanding on the date such notice is given. Upon such request, unless any of the Events of Default described in Section 8.1(g8.1 (g) or (h) shall have occurred (in which event the procedures of Section 2.8(d)(ii) shall apply), each Revolving Credit Lender shall make the proceeds of its Revolving Credit Loan available to the Administrative Agent, for the account of the Swing Loan Lender, at the Administrative Agent’s office prior to 11:00 a.m. New York time in funds immediately available on the Business Day next succeeding the date such notice is given. The proceeds of such Revolving Credit Loans shall be immediately applied to repay the Refunded Swing Loans.

Appears in 1 contract

Samples: Credit Agreement (Lbi Media Holdings Inc)

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