Common use of Request for Swing Line Loan Clause in Contracts

Request for Swing Line Loan. Borrower may borrow, repay and reborrow under the Swing Line Commitment, subject to the remaining availability under the Swing Line Commitment and subject to availability under the Revolving Commitment, upon telephonic request by an Authorized Signatory of Borrower made to Administrative Agent not later than 2:00 p.m., California time, on the Business Day of the requested borrowing (which telephonic request shall be promptly confirmed in writing by telecopier or electronic mail). Promptly after receipt of such a request for borrowing, Administrative Agent shall provide telephonic verification to the Swing Line Lender that, after giving effect to such request, availability under the Swing Line Commitment and the Revolving Commitment will exist (and such verification shall be promptly confirmed in writing by telecopier or electronic mail). Borrower shall notify the Swing Line Lender of its intention to make a repayment of a Swing Line Loan not later than 1:00 p.m. California time on the date of repayment. If Borrower instructs the Swing Line Lender to debit its Demand Deposit Account in the amount of any payment with respect to a Swing Line Loan, or the Swing Line Lender otherwise receives repayment, after 3:00 p.m., California time, on a Business Day, such payment shall be deemed received on the next Business Day. The Swing Line Lender shall promptly notify Administrative Agent of the Swing Line Loan outstanding each time there is a change therein.

Request for Swing Line Loan. Borrower may borrow, repay and reborrow under the Swing Line Commitment, subject to the remaining availability under the Swing Line Commitment and subject to availability under the Revolving Commitment, upon telephonic by making an irrevocable request by an Authorized Signatory of Borrower made to Administrative Agent not later than 2:00 p.m., California time, p.m. on the Business Day of the requested borrowing (which telephonic borrowing. Each such request shall be made pursuant to a written Borrowing Notice, appropriately completed and signed by an appropriate Authorized Signatory of Borrower, or by telephone (if promptly confirmed in writing by telecopier or electronic maildelivery to Administrative Agent of a written Borrowing Notice, consistent with such telephonic notice). Promptly after receipt of such a request for borrowing, Administrative Agent shall provide telephonic verification to the Swing Line Lender that, after giving effect to such request, availability under the Swing Line Commitment and the Revolving Commitment will exist (and such verification shall be promptly confirmed in writing by telecopier or electronic mail). Borrower shall notify the Swing Line Lender of its intention to make a repayment of a Swing Line Loan not later than 1:00 2:00 p.m. California time on the date of repayment. If Borrower instructs the Swing Line Lender to debit its Demand Deposit Account demand deposit account maintained at the Administrative Agent or Security Agent in the amount of any payment with respect to a Swing Line Loan, or the Swing Line Lender otherwise receives repayment, after 3:00 p.m., California time, 4:00 p.m. on a Business Day, such payment shall be deemed received on the next Business Day. The Swing Line Lender shall promptly notify Administrative Agent of the Swing Line Loan outstanding each time there is a change therein.

Request for Swing Line Loan. Borrower may borrow, repay and reborrow under the Swing Line Commitment, subject to the remaining availability under the Swing Line Commitment and subject to availability under the Revolving Commitment, upon telephonic by making an irrevocable request by an Authorized Signatory of Borrower made to Administrative Agent not later than 2:00 p.m., California time, p.m. on the Business Day of the requested borrowing (which telephonic borrowing. Each such request shall be made pursuant to a written Borrowing Notice, appropriately completed and signed by an appropriate Authorized Signatory of Borrower, or by telephone (if promptly confirmed in writing by telecopier or electronic maildelivery to Administrative Agent of a written Borrowing Notice, consistent with such telephonic notice). Promptly after receipt of such a request for borrowing, Administrative Agent shall provide telephonic verification to the Swing Line Lender that, after giving effect to such request, availability under the Swing Line Commitment and the Revolving Commitment will exist (and such verification shall be promptly confirmed in writing by telecopier or electronic mail). Borrower shall notify the Swing Line Lender of its intention to -61- Xxxxxx Lease Finance Corporation Fourth Amended and Restated Credit Agreement make a repayment of a Swing Line Loan not later than 1:00 2:00 p.m. California time on the date of repayment. If Borrower instructs the Swing Line Lender to debit its Demand Deposit Account demand deposit account maintained at Administrative Agent or Security Agent in the amount of any payment with respect to a Swing Line Loan, or the Swing Line Lender otherwise receives repayment, after 3:00 p.m., California time, 4:00 p.m. on a Business Day, such payment shall be deemed received on the next Business Day. The Swing Line Lender shall promptly notify Administrative Agent of the Swing Line Loan outstanding each time there is a change therein.