Repayment of Swing Loans. At any time after making a Swing Loan, the Swing Lender may request the recipient Borrower to, and upon request by the Swing Lender the recipient Borrower shall, promptly request an Advance from all Revolving Credit Lenders, and apply the proceeds of such Advance to the repayment of such Swing Loan not later than the Business Day following the Swing Lender’s request. Notwithstanding the foregoing, upon the earlier to occur of (a) three Business Days after demand is made by the Swing Lender and (b) the Revolving Termination Date, the Borrower agrees that each Swing Loan outstanding in any currency other than Dollars shall be immediately and automatically converted to and redenominated in Dollars equal to the Dollar Equivalent Amount of each such Swing Loan determined as of the date of such conversion, and each Revolving Credit Lender shall irrevocably and unconditionally purchase from the Swing Lender, without recourse or warranty, an undivided interest and participation in such Swing Loan in an amount equal to such Revolving Credit Lender’s Pro Rata Share of the Swing Loan and promptly pay such amount to such Swing Lender in immediately available funds (or, in the case of participations in Swing Loans denominated in an Available Foreign Currency other than Euros, same day funds). Such payment shall be made by the other Revolving Credit Lenders whether or not a Default is then continuing or any other condition precedent set forth in Section 4.4 is then met and whether or not such Borrower has then requested an Advance in such amount. If any Revolving Credit Lender fails to make available to such requesting Swing Lender any amounts due to the Swing Lender from such Revolving Credit Lender pursuant to this Section 2.16(c), the Swing Lender shall be entitled to recover such amount, together with interest thereon at the Federal Funds Effective Rate or such other local cost of funds rate determined by the Swing Lender with respect to any Swing Loan denominated in any foreign currency for the first three Business Days after such Revolving Credit Lender receives notice of such required purchase and thereafter, at the rate applicable to such Loan, payable (i) on demand, (ii) by setoff against any payments made to the Swing Lender for the account of such Revolving Credit Lender or (iii) by payment to the Swing Lender by the Administrative Agent of amounts otherwise payable to such Revolving Credit Lender under this Agreement. The failure of any Revolving Credit Lend...
Repayment of Swing Loans. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Company shall, without prejudice to any right or remedy available to it hereunder or under law, prepay Swing Loans in an amount equal to the Swing Line Bank’s Fronting Exposure.
Repayment of Swing Loans. The Borrower shall repay the outstanding Swing Loans owing to the Swing Loan Lender (i) upon demand by the Swing Loan Lender and (ii) on the Revolving Loan Commitment Termination Date. In the event that the Borrower fails to repay any Swing Loans, together with interest thereon, as set forth in the first sentence of this paragraph, then, upon the request of the Swing Loan Lender, each Lender shall make Revolving Loans to the Borrower (irrespective of the satisfaction of the conditions in Section 5.02 or the requirement to deliver a Notice of Borrowing in Section 2.01(b), which conditions and requirement such Lenders irrevocably waive) in an amount equal to such Lender’s Pro Rata Share of the aggregate amount of the Swing Loans then outstanding (net of that portion of such Swing Loan, if any, owing to such Lender in its capacity as a Swing Loan Lender) after giving effect to any prepayments and repayments made by the Borrower, and the Borrower hereby authorizes the Administrative Agent to apply the proceeds of such Revolving Loans to the repayment of such Swing Loans. To the extent the Administrative Agent receives any amounts in prepayment or repayment of outstanding Revolving Loans prior to such request, the Administrative Agent shall apply such amounts when received to the repayment of the Swing Loans then outstanding. The failure of any Lender to make available to the Administrative Agent its Pro Rata Share of such Revolving Loans shall not relieve any other Lender of its obligation hereunder to make available to the Administrative Agent such other Lender’s Pro Rata Share of such Revolving Loans on the date of such request.
Repayment of Swing Loans. If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the applicable Borrower shall, within two Business Days following written notice and request by the Administrative Agent and without prejudice to any right or remedy available to it hereunder or under applicable law, prepay Swing Loans in an amount equal to the Swing Lenders’ Fronting Exposure.
Repayment of Swing Loans. The Borrower shall repay the principal amount of each Swing Loan no later than on the earlier of (i) the 5-Year Revolver Expiration Date and (ii) the thirtieth (30th) day after the date such Swing Loan was advanced by the Swing Loan Lender. A Swing Loan may not be repaid with the proceeds from another Swing Loan.
Repayment of Swing Loans. Upon the earlier to occur of (i) the date 10 Business Days after each Swing Loan Advance, and (ii) demand by the Swing Lender, the Borrower shall promptly borrow Revolving Credit Loans from the Lenders, pursuant to Section 2.1 hereof and apply the proceeds of such Revolving Credit Loans to the repayment of such Swing Loan Advance then due.
Repayment of Swing Loans. All Swing Loans shall be payable, together with accrued interest thereon, if denominated in Dollars, on the earlier to occur of Citicorp's demand therefor or the Friday next succeeding the Funding Date therefor and, if denominated in an Alternative Currency, one week after the Funding Date therefor. The applicable Borrower shall be deemed to have requested Revolving Loans to be made on the date on which repayment of Swing Loans is due in the amount of Swing Loans then outstanding to it and the proceeds of such Revolving Loans shall be applied to the repayment of such Swing Loans. The Agent shall notify the Lenders of the outstanding balance of Swing Loans prior to 9:00 a.m. (New York time) on the Business Day immediately preceding the Funding Date for such Revolving Loans and each Lender other than Citicorp shall deposit an amount, in the appropriate currency, equal to its Pro Rata Share of the amount of Revolving Loans deemed requested with the Agent at its office in New York, New York, if such Revolving Loans are denominated in Dollars, or the office of Citibank London in London, England, if such Revolving Loans are denominated in an Alternative Currency, in immediately available funds not later than 11:00 a.m. (New York time) on such Funding Date. Swing Loans denominated in Dollars shall be paid by Base Rate Loans; Swing Loans denominated in an Alternative Currency shall be paid by Eurocurrency Rate Loans having a Eurocurrency Rate Interest Period of one (1) month.
Repayment of Swing Loans. Swing Loans shall be paid in full by the Borrower on or before the seventh Business Day after the date of the Swing Loan Advance. Swing Loan repayments shall be made by the Borrower directly to the Swing Loan Lender. Such repayments shall be for the account of the Swing Loan Lender. Outstanding Swing Loans may be repaid from the proceeds of Revolving Loans Advances. Any repayment of a Swing Loan shall be in a minimum amount of $50,000 or integral multiples of $10,000 in excess thereof(or such lesser amount as may be agreed to by the Swing Loan Lender).
Repayment of Swing Loans. The Borrower shall repay the outstanding Swing Loans owing to the Swing Loan Lender (i) upon demand by the Swing Loan Lender and (ii)
Repayment of Swing Loans. Notwithstanding any other provision of this Agreement, the principal amount of each Swing Loan to a Fund shall be repaid by such Fund upon the earlier to occur of (i) seven (7) Business Days after the date such Swing Loan is made, or (ii) the Commitment Termination Date. Any Fund may repay the Swing Loans on any Business Day in whole or in a minimum aggregate amount of $1,000,000 or an integral multiple of $1,000,000 in excess thereof upon delivery of a Repayment Notice prior to 9:00 a.m. (Pacific time) on such Business Day.
