Common use of Repayment of Swing Line Loans Clause in Contracts

Repayment of Swing Line Loans. (i) Each Swing Line Loan shall be paid in full by the applicable Borrower on or before the earlier of (A) the seventh Business Day after the borrowing date for such Swing Line Loan and (B) the Maturity Date as to the Swing Line Lender; provided, that such payment shall not be made by application of the proceeds of any other Swing Line Loans.

Appears in 3 contracts

Samples: Credit Agreement (Williams Companies, Inc.), Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Partners L.P.)

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Repayment of Swing Line Loans. (i) Each Swing Line Loan shall be paid in full by the applicable Borrower on or before the earlier of (A) the seventh Business Day after the borrowing date for such Swing Line Loan and (B) the Maturity Date as to the Swing Line Lender; provided, that such payment shall not be made by application of the proceeds of any other Swing Line Loans.

Appears in 1 contract

Samples: Credit Agreement (Williams Companies Inc)

Repayment of Swing Line Loans. (i) Each The Swing Line Loans shall be evidenced by the Swing Line Note and each Swing Line Loan shall be paid in full by the applicable Borrower on or before the earlier of (A) the seventh fifth Business Day after the borrowing date Borrowing Date for such Swing Line Loan and (B) the Maturity Date as to the Loan. Outstanding Swing Line Lender; provided, that such payment shall not Loans may be made by application of repaid from the proceeds of any other Syndicated Advances, Bid Rate Advances or Swing Line Loans.Line

Appears in 1 contract

Samples: Credit Agreement (TJX Companies Inc /De/)

Repayment of Swing Line Loans. (i) Each Swing Line Loan shall be paid in full by the applicable Borrower Borrowers on or before the earlier of fifth (A5th) the seventh Business Day after the borrowing date Borrowing Date for such Swing Line Loan and (B) the Maturity Date as to the Swing Line Lender; provided, that such payment shall not be made by application of the proceeds of any other Swing Line Loans.Line

Appears in 1 contract

Samples: Revolving Credit Agreement (Acuity Brands Inc)

Repayment of Swing Line Loans. (i) Each Swing Line Loan shall be paid in full by the applicable Borrower on or before the earlier of (A) the seventh fourteenth (14th) Business Day after the borrowing date Borrowing Date for such Swing Line Loan and (B) the Maturity Date as to the Swing Line Lender’s Revolving Credit Maturity Date; provided, that such payment shall not be made by application of the proceeds of any other Swing Line Loans.

Appears in 1 contract

Samples: Revolving Credit Agreement (Enable Midstream Partners, LP)

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Repayment of Swing Line Loans. (i) Each Swing Line Loan shall be paid in full by the applicable Borrower on or before the earlier of fifth (A5th) the seventh Business Day after the borrowing date Borrowing Date for such Swing Line Loan and (B) the Maturity Date as to Loan. In addition, the Swing Line Lender; provided, that such payment shall not be made by application of the proceeds of Lender (i) may at any other time in its sole discretion with respect to any outstanding Swing Line Loans.Loan, or (ii) shall, on the fifth

Appears in 1 contract

Samples: Credit Agreement (Res Care Inc /Ky/)

Repayment of Swing Line Loans. Repay each Swing Line Loan on the earlier to occur of (i) Each Swing Line the date ten Business Days after such Loan shall be paid in full by the applicable Borrower on or before the earlier of (A) the seventh Business Day after the borrowing date for such Swing Line Loan is made and (Bii) the Maturity Date as to for the Revolving Credit Facility (together with all accrued and unpaid interest thereon). At any time that there shall exist a Defaulting Lender, immediately upon the request of the Swing Line Lender; provided, that such payment the Borrower shall not be repay the outstanding Swing Line Loans made by application the Swing Line Lender in an amount sufficient to eliminate any Fronting Exposure in respect of the proceeds of any other such Swing Line Loans.

Appears in 1 contract

Samples: Credit Agreement (Entravision Communications Corp)

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