Repayment of Swingline Loans. Swingline Loans shall not be outstanding more than 30 days from the date of advance and may not extend beyond the Termination Date, on which date the Swingline Loans shall be due and payable in full. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section
Appears in 2 contracts
Samples: Credit Agreement (School Specialty Inc), Credit Agreement (School Specialty Inc)
Repayment of Swingline Loans. Swingline Loans shall not be outstanding more than 30 days from the date The principal amount of advance and may not extend beyond the Termination Date, on which date the all Swingline Loans shall be due and payable in fullon the earlier of (A) a date that is seven (7) Business Days from the date of advance thereof or (B) the Maturity Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Maturity Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness Indebtedness hereunder and the exercise of remedies in accordance with the provisions of SectionSection 9.
Appears in 2 contracts
Samples: Credit Agreement (Lincare Holdings Inc), Credit Agreement (Apria Healthcare Group Inc)
Repayment of Swingline Loans. Swingline Loans shall not be outstanding more than 30 days from the date The principal amount of advance and may not extend beyond the Termination Date, on which date the all Swingline Loans shall be due and payable in fullon the earlier of (A) the end of the applicable Interest Period or (B) the Termination Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the LendersBorrowers, demand repayment of its their Swingline Loans by way of a Revolving Loan advance, in which case the Borrower Borrowers shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness Indebtedness hereunder and the exercise of remedies in accordance with the provisions of SectionSection 9.
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Repayment of Swingline Loans. Swingline Loans shall not be outstanding more than 30 days from the date The principal amount of advance and may not extend beyond the Termination Date, on which date the all ---------------------------- Swingline Loans shall be due and payable in fullfull on the Termination Date. The Swingline Lender may, at any time, in its sole discretiontime after the occurrence of a Default or Event of Default, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be -------- ------- deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of SectionSection 9.
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Samples: Credit Agreement (Pediatric Services of America Inc)
Repayment of Swingline Loans. Swingline Loans shall not be outstanding more than 30 days from the date The principal amount of advance and may not extend beyond the Termination Date, on which date the all Swingline Loans shall be due and payable in fullon the earlier of (A) a date that is seven (7) Business Days from the date of advance thereof or (B) the Maturity Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Maturity Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness Indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section
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Repayment of Swingline Loans. Swingline Loans shall not be outstanding more than 30 days from the date The principal amount of advance and may not extend beyond the Termination Date, on which date the all Swingline Loans shall be due and payable in fullon the earlier of (A) a date that is ten (10) Business Days from the date of advance thereof or (B) the Maturity Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Maturity Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness Indebtedness hereunder and the exercise of remedies in accordance with the provisions of SectionSection 9.
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Repayment of Swingline Loans. Swingline Loans shall not be outstanding more than 30 days from the date The principal amount of advance and may not extend beyond the Termination Date, on which date the all ---------------------------- Swingline Loans shall be due and payable in fullon the Termination Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, -------- ------- that any such demand shall be deemed to have been given (i) one Business Day prior to the Termination Date and (ii) on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of SectionSection 9.
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Repayment of Swingline Loans. Swingline Loans shall not be outstanding more than 30 days from the date The principal amount of advance and may not extend beyond the Termination Date, on which date the all Swingline Loans shall be due and payable in fullon the Revolving Loan Maturity Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Revolving Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Revolving Loan Maturity Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section
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Repayment of Swingline Loans. Swingline Loans shall not be outstanding more than 30 days from the date of advance and may not extend beyond the Termination Date, on which date the Swingline Loans shall be due and payable in full. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Revolving Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section
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