Common use of Requests for Swing B Loans Clause in Contracts

Requests for Swing B Loans. SunOpta Foods may, but is not required to, give the Swingline Lender notice of a request for the advance of a Swing B Loan. If SunOpta Foods does provide the Swingline Lender with notice of a request for an advance of a Swing B Loan, then such notice (which may either be written or oral) shall be provided to the Swingline Lender by no later than 12:00 noon (Chicago time) on the date upon which SunOpta Foods requests that any Swing B Loan be made and shall indicate the amount of such Swing B Loan and the date on which such Swing B Loan is to be advanced. Subject to the terms and conditions hereof, the proceeds of such Swing B Loan shall be made available to SunOpta Foods on the date so requested at the offices of the Swingline Lender in Chicago, Illinois, by depositing such proceeds to the credit of SunOpta Food's bank account number 000-000-0 maintained with Xxxxxx (the “Disbursement Account”) or as SunOpta Foods and the Swingline Lender may otherwise agree. In addition to the foregoing, and without any request therefor being made by SunOpta Foods, the Swingline Lender at its option may (but is not obligated at any time to) make Swing B Loans to SunOpta Foods in circumstances where the funds available in the Disbursement Account are or may be insufficient to meet the relevant near term payment and disbursement obligations of SunOpta Foods that are to be processed through such Disbursement Account. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation, if any, of the Swingline Lender to make Swing B Loans shall be subject to all of the other applicable terms and conditions of this Agreement, and (ii) the Swingline Lender shall not be obligated to make more than one Swing B Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (SunOpta Inc.)

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Requests for Swing B Loans. SunOpta Foods may, but is not required to, Food Group shall give the Swingline Lender notice of a request for the advance of a Swing B Loan. If SunOpta Foods does provide the Swingline Lender with notice of a request for an advance of a Swing B Loan, then such prior notice (which may either be written or oral) shall be provided to the Swingline Lender by no later than 12:00 noon Noon (Chicago time) on the date upon which SunOpta Foods Food Group requests that any Swing B Loan be made and shall indicate made, of the amount and date of such Swing B Loan Loan, and the date on which such interest period requested therefor. SunOpta Food Group hereby authorizes Hxxxxx to make Swing B Loans hereunder without specific request by SunOpta Food Group in accordance with and as part of the Sweep to Loan is to be advancedProgram. Subject to the terms and conditions hereof, the proceeds of such Swing B Loan shall be made available to SunOpta Foods Food Group on the date so requested at the offices of the Swingline Lender in Chicago, Illinois, by depositing such proceeds to the credit of SunOpta FoodFood Group's bank operating account number 000-000-0 maintained with Xxxxxx (the “Disbursement Account”) Swingline Lender or as SunOpta Foods Food Group and the Swingline Lender may otherwise agree. In addition to the foregoing, and without any request therefor being made by SunOpta Foods, the Swingline Lender at its option may (but is not obligated at any time to) make Swing B Loans to SunOpta Foods in circumstances where the funds available in the Disbursement Account are or may be insufficient to meet the relevant near term payment and disbursement obligations of SunOpta Foods that are to be processed through such Disbursement Account. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation, if any, obligation of the Swingline Lender to make Swing B Loans shall be subject to all of the other applicable terms and conditions of this Agreement, Agreement and (ii) the Swingline Lender shall not be obligated to make more than one Swing B Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (SunOpta Inc.)

Requests for Swing B Loans. SunOpta Foods Food Group may, but is not required to, give the Swingline Lender notice of a request for the advance of a Swing B Loan. If SunOpta Foods Food Group does provide the Swingline Lender with notice of a request for an advance of a Swing B Loan, then such notice (which may either be written or oral) shall be provided to the Swingline Lender by no later than 12:00 noon (Chicago time) on the date upon which SunOpta Foods Food Group requests that any Swing B Loan be made and shall indicate the amount of such Swing B Loan and the date on which such Swing B Loan is to be advanced. Subject to the terms and conditions hereof, the proceeds of such Swing B Loan shall be made available to SunOpta Foods Food Group on the date so requested at the offices of the Swingline Lender in Chicago, Illinois, by depositing such proceeds to the credit of SunOpta FoodFood Group's bank account number 000-000-0 maintained with Xxxxxx X.X. (the "Disbursement Account") or as SunOpta Foods Food Group and the Swingline Lender may otherwise agree. In addition to the foregoing, and without any request therefor being made by SunOpta FoodsFood Group, the Swingline Lender at its option may (but is not obligated at any time to) make Swing B Loans to SunOpta Foods Food Group in circumstances where the funds available in the Disbursement Account are or may be insufficient to meet the relevant near term payment and disbursement obligations of SunOpta Foods Food Group that are to be processed through such Disbursement Account. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation, if any, of the Swingline Lender to make Swing B Loans shall be subject to all of the other applicable terms and conditions of this Agreement, and (ii) the Swingline Lender shall not be obligated to make more than one Swing B Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (SunOpta Inc.)

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Requests for Swing B Loans. SunOpta Foods Food Group may, but is not required to, give the Swingline Lender notice of a request for the advance of a Swing B Loan. If SunOpta Foods Food Group does provide the Swingline Lender with notice of a request for an advance of a Swing B Loan, then such notice (which may either be written or oral) shall be provided to the Swingline Lender by no later than 12:00 noon (Chicago time) on the date upon which SunOpta Foods Food Group requests that any Swing B Loan be made and shall indicate the amount of such Swing B Loan and the date on which such Swing B Loan is to be advanced. Subject to the terms and conditions hereof, the proceeds of such Swing B Loan shall be made available to SunOpta Foods Food Group on the date so requested at the offices of the Swingline Lender in Chicago, Illinois, by depositing such proceeds to the credit of SunOpta FoodFood Group's bank account number 000-000-0 maintained with Xxxxxx X.X. (the “Disbursement Account”) or as SunOpta Foods Food Group and the Swingline Lender may otherwise agree. In addition to the foregoing, and without any request therefor being made by SunOpta FoodsFood Group, the Swingline Lender at its option may (but is not obligated at any time to) make Swing B Loans to SunOpta Foods Food Group in circumstances where the funds available in the Disbursement Account are or may be insufficient to meet the relevant near term payment and disbursement obligations of SunOpta Foods Food Group that are to be processed through such Disbursement Account. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation, if any, of the Swingline Lender to make Swing B Loans shall be subject to all of the other applicable terms and conditions of this Agreement, and (ii) the Swingline Lender shall not be obligated to make more than one Swing B Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (SunOpta Inc.)

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