Common use of Requests for Swing Loans Clause in Contracts

Requests for Swing Loans. The Company shall give the Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company requests that any Swing Loan be made of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender shall in its discretion quote an interest rate to the Company at which the Swing Line Lender would be willing to make such Swing Loan available to the Company for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Quoted Rate”). The Company acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company does not so immediately accept the Quoted Rate for the full amount requested by the Company for such Swing Loan, the Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Rate Loans under the Revolving Credit to the Domestic Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company on the date so requested at the offices of the Agent in Chicago, Illinois.

Appears in 2 contracts

Samples: Credit Agreement (Emcor Group Inc), Credit Agreement (Emcor Group Inc)

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Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago Cincinnati time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Administrative Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in ChicagoCincinnati, IllinoisOhio. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 2 contracts

Samples: Credit Agreement (Cleveland Cliffs Inc), Credit Agreement (Cleveland Cliffs Inc)

Requests for Swing Loans. The Company Borrower shall give the Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago Cincinnati time) on the date upon which the Company a Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent in ChicagoCincinnati, IllinoisOhio. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 2 contracts

Samples: Credit Agreement (American Pharmaceutical Partners Inc /De/), Credit Agreement (Abraxis BioScience, Inc.)

Requests for Swing Loans. The Company Borrower shall give the Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 thirty (30) minutes after receiving such notice, the Swing Line Lender Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Agent would be willing to make such Swing Loan available to the Company Borrower for the a given Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Agent's Quoted Rate"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Agent's Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Agent's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Rate Eurodollar Loans under the Revolving Credit to the Domestic Federal Funds Rate as from time to time in effect. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent in Chicago, IllinoisIllinois (or by wire transfer of funds pursuant to the Borrower's written instructions to the Agent). Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 2 contracts

Samples: Credit Agreement (Apac Teleservices Inc), Credit Agreement (Apac Teleservices Inc)

Requests for Swing Loans. The Company shall give the Agent prior notice (which may be written or oral) ), no later than 12:00 Noon (Chicago time) on the date upon which the Company requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender shall in its discretion quote an interest rate to the Company at which the Swing Line Lender would be willing to make such Swing Loan available to the Company for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Quoted Rate”). The Company acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company does not so immediately accept the Quoted Rate for the full amount requested by the Company for such Swing Loan, the Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the U.S. Revolving Credit Facility to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company on the date so requested at the offices of the Agent in Chicago, Illinois.

Appears in 2 contracts

Samples: Credit Agreement (EMCOR Group, Inc.), Credit Agreement (Emcor Group Inc)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company a Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Administrative Agent's Quoted Rate"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Administrative Agent's Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Rate Loans under the Revolving Credit to the Domestic Rate as from time to time provided in effectSection 1.7(b)(i) above. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in Chicago, IllinoisIllinois (or by wire transfer of funds pursuant to the written instructions of the Borrower to the Administrative Agent). Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 2 contracts

Samples: Credit Agreement (Lamson & Sessions Co), Credit Agreement (Lamson & Sessions Co)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) ), no later than 12:00 Noon 10:00 a.m. (Chicago Cincinnati time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Administrative Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in ChicagoCincinnati, IllinoisOhio. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 2 contracts

Samples: Credit Agreement (Champion Industries Inc), Credit Agreement (Champion Industries Inc)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company a Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Administrative Agent's Quoted Rate"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent's Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Rent Way Inc)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) ), no later than 12:00 Noon (Chicago Cincinnati time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Administrative Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in ChicagoCincinnati, IllinoisOhio. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Delek US Holdings, Inc.)

Requests for Swing Loans. The Company Borrower shall give the Agent Hxxxxx prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 thirty (30) minutes after receiving such notice, the Swing Line Lender Hxxxxx shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Hxxxxx would be willing to make such Swing Loan available to the Company Borrower for the a given Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Hxxxxx' Quoted Rate"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Hxxxxx' Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Hxxxxx' Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Rate Loans under the Revolving Credit to the Domestic Rate as from time to time in effectRate. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of Hxxxxx to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Hxxxxx shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Bell Sports Corp)

Requests for Swing Loans. The Company relevant Borrower shall give the Agent Xxxxxx prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company such Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 thirty (30) minutes after receiving such notice, the Swing Line Lender Xxxxxx shall in its discretion quote an interest rate to the Company such Borrower at which the Swing Line Lender Xxxxxx would be willing to make such Swing Loan available to the Company such Borrower for the a given Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Quoted Rate”"XXXXXX' QUOTED RATE"). The Company acknowledges Borrowers acknowledge and agrees agree that the interest rate quote is given for immediate and irrevocable acceptance. If the Company , and if a Borrower does not so immediately accept the Xxxxxx' Quoted Rate for the full amount requested by the Company such Borrower for such Swing Loan, the Xxxxxx' Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding sum of the Applicable Margin for Domestic Rate Loans under the Revolving Credit to plus the Domestic Rate as from time to time in effect. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company such Borrower on the date so requested at the offices of the Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation of Xxxxxx to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Xxxxxx shall not be obligated to make more than one Swing Loan during any one day. The Agent shall notify each Lender of each Swing Loan and the amount of each such Swing Loan made since the last notice.

Appears in 1 contract

Samples: Credit Agreement (Hub Group Inc)

Requests for Swing Loans. The Company Borrower shall give the Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding sum of the Applicable Margin for Domestic Rate Loans under plus the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Federal Signal Corp /De/)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) ), no later than 12:00 Noon 1:00 p.m. (Chicago timeEastern Standard Time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Administrative Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in ChicagoCincinnati, IllinoisOhio. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Delek US Holdings, Inc.)

Requests for Swing Loans. The Company shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Administrative Agent's Quoted Rate"). The Company acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company does not so immediately accept the Administrative Agent's Quoted Rate for the full amount requested by the Company for such Swing Loan, the Administrative Agent's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company on the date so requested at the offices of the Administrative Agent in Chicago, Illinois, by depositing such proceeds to the credit of the Company's operating account maintained with the Administrative Agent or as the Company and the Administrative Agent may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Amcol International Corp)

Requests for Swing Loans. The Company Borrower shall give the Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 thirty (30) minutes after receiving such notice, the Swing Line Lender Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Agent would be willing to make such Swing Loan available to the Company Borrower for the a given Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Agent's Quoted Rate"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Agent's Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Agent's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the a rate per annum determined by adding equal to the sum of the Base Rate as in effect from time to plus the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Rate as from time to time in effect. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Diamond Home Services Inc)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company a Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Administrative Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Rate Loans under the Revolving Credit equal to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Usfreightways Corp)

Requests for Swing Loans. The Company Borrower shall give the Agent prior notice (which may be written or oral) no later than 12:00 Noon 2:00 p.m. (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 thirty (30) minutes after receiving such notice, the Swing Line Lender Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Agent would be willing to make such Swing Loan available to the Company Borrower for the a given Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Quoted Rate”"AGENT'S QUOTED RATE"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Agent's Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Agent's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent in Chicago, IllinoisIllinois (or by wire transfer of funds pursuant to the Borrower's written instructions to the Agent). Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Apac Customer Service Inc)

Requests for Swing Loans. The Company (i) Except as provided in clause (ii) below, the Borrower shall give the Administrative Agent prior notice (which may be written or oral) ), no later than 12:00 Noon noon (Chicago Cincinnati time) on the date upon which the Company Borrower requests that any Swing Loan be made or such later time as may be acceptable to the Administrative Agent, in its reasonable discretion, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Administrative Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company on Borrower by wire transfer to an account designated by the date so requested at the offices of the Agent in Chicago, IllinoisBorrower.

Appears in 1 contract

Samples: Loan Agreement (Fifth Third Bancorp)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company a Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Administrative Agent's Quoted Rate"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Administrative Agent's Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Rate Loans under the Revolving Credit to the Domestic Rate as from time to time provided in effectSection 1.6(b)(i) above. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in Chicago, IllinoisIllinois (or by wire transfer of funds pursuant to the written instructions of the Borrower to the Administrative Agent). Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Lamson & Sessions Co)

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Requests for Swing Loans. The Company Borrower shall give the Agent Xxxxxx prior notice (which may be written or oral) no later than 12:00 Noon 3:00 p.m. (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Xxxxxx shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Xxxxxx would be willing to make such Swing Loan available to the Company Borrower for the a given Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Xxxxxx' Quoted Rate"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Xxxxxx' Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Xxxxxx' Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Rate Loans under the Revolving Credit to the Domestic Rate as from time to time in effectRate. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent Xxxxxx in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of Xxxxxx to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Xxxxxx shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Gallagher Arthur J & Co)

Requests for Swing Loans. The Company Borrower shall give the Agent Xxxxxx prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 thirty (30) minutes after receiving such notice, the Swing Line Lender Xxxxxx shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Xxxxxx would be willing to make such Swing Loan available to the Company Borrower for the a given Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Quoted Rate”"XXXXXX' QUOTED RATE"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Xxxxxx' Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Xxxxxx' Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding sum of the Applicable Margin for Domestic Rate Loans under the Revolving Credit to plus the Domestic Rate as from time to time in effect. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation of Xxxxxx to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Xxxxxx shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Morton Industrial Group Inc)

Requests for Swing Loans. The Company Borrower shall give the Agent prior Harrxx xxxor notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 thirty (30) minutes after receiving such notice, the Swing Line Lender shall Harrxx xxxll in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender would Harrxx xxxld be willing to make such Swing Loan available to the Company Borrower for the a given Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Quoted "Harrxx' Xxoted Rate"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Quoted Harrxx' Xxoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Quoted Harrxx' Xxoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding sum of the Applicable Margin for Domestic Rate Loans under the Revolving Credit to plus the Domestic Rate as from time to time in effect. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation of Harrxx xx make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Harrxx xxxll not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Morton Industrial Group Inc)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) ), no later than 12:00 Noon noon (Chicago Cincinnati time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Administrative Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company on Borrower by wire transfer to an account designated by the date so requested at Borrower. Anything contained in the offices foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent in Chicago, Illinoisto make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Loan Agreement (Fifth Third Bancorp)

Requests for Swing Loans. The Company RCE, on behalf of the applicable Borrower, shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company a Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate (which shall never be less than the Administrative Agent's cost of funds) to RCE, on behalf of the Company applicable Borrower, at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company such Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Administrative Agent's Quoted Rate"). The Company acknowledges Borrowers acknowledge and agrees agree that the interest rate quote is given for immediate and irrevocable acceptance. If RCE, on behalf of the Company applicable Borrower, does not so immediately accept the Administrative Agent's Quoted Rate for the full amount requested by the Company applicable Borrower for such Swing Loan, the Administrative Agent's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company applicable Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement, and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Racing Champions Corp)

Requests for Swing Loans. The Company Borrower shall give the Agent Harris prior notice (which may be written or oral) no later than 12:00 Noon Xxxn (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 thirty (30) minutes after receiving such notice, the Swing Line Lender shall Harris may in its discretion quote an interest rate to the Company at which the Swing Line Lender Borrower xx xxxch Harris would be willing to make such Swing Loan available to the Company Borxxxxx for the a given Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Harris' Quoted Rate"). The Company Borrower acknowledges and agrees that the interest xxxxxest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Harris' Quoted Rate for the full amount requested by the Company for such Borrower fox xxxx Swing Loan, the Harris' Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding sum of the Applicable Margin for Domestic Rate Loans under the Revolving Credit to plus the Domestic Rate as from time to time in effect. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Agent in Chicago, Illinois. Anything contained in this Agreement to the contrary notwithstanding, (i) Harris shall have no obligation to make Swing Loans and any Swing Loxxx xxall be subject to all of the terms and conditions of this Agreement and (ii) the Borrower shall not request more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Morton Industrial Group Inc)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon 2:00 p.m. (Chicago time) on the date upon which the Company a Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon 1:00 p.m. (Chicago New York time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Administrative Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at such account with such financial institution as the offices Administrative Agent has previously agreed to with the Borrower. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent in Chicago, Illinoisto make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Cleveland Cliffs Inc)

Requests for Swing Loans. The Company RCI, on behalf of the applicable Borrower, shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company a Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to RCI, on behalf of the Company applicable Borrower, at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company such Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as "Administrative Agent's Quoted Rate"). The Company acknowledges Borrowers acknowledge and agrees agree that the interest rate quote is given for immediate and irrevocable acceptance. If RCI, on behalf of the Company applicable Borrower, does not so immediately accept the Administrative Agent's Quoted Rate for the full amount requested by the Company applicable Borrower for such Swing Loan, the Administrative Agent's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company applicable Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement, and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Racing Champions Corp)

Requests for Swing Loans. The Company Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon 2:00 p.m. (Chicago time) on the date upon which the Company a Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, and the Interest Period requested therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 minutes after receiving such notice, the Swing Line Lender Administrative Agent shall in its discretion quote an interest rate to the Company Borrower at which the Swing Line Lender Administrative Agent would be willing to make such Swing Loan available to the Company Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Administrative Agent’s Quoted Rate”). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Company Borrower does not so immediately accept the Administrative Agent’s Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Administrative Agent’s Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Base Rate Loans under the Revolving Credit to the Domestic Base Rate as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Administrative Agent to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) the Administrative Agent shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (CTS Corp)

Requests for Swing Loans. The Company Borrower shall give the Agent Xxxxxx Bank prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Company Borrower requests that any Swing Loan be made made, of the amount and date of such Swing Loan, Loan and the Interest Period requested selected therefor. The Agent shall promptly advise the Swing Line Lender of any such notice received from the Company. Within 30 thirty (30) minutes after receiving such notice, the Swing Line Lender Xxxxxx Bank shall in its discretion quote an interest rate determined in its discretion to the Company Borrower at which the Swing Line Lender Xxxxxx Bank would be willing to make such Swing Loan available to the Company Borrower for the such Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Quoted Rate”"XXXXXX BANK'S QUOTED RATE"). The Company Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Company Borrower does not so immediately accept the Xxxxxx Bank's Quoted Rate for the full amount requested by the Company Borrower for such Swing Loan, the Xxxxxx Bank's Quoted Rate shall be deemed immediately withdrawn and such Swing Loan shall bear interest at the rate per annum determined by adding the Applicable Margin for Domestic Rate Loans under the Revolving Credit to the Domestic Rate as from time to time in effectnot be made. Subject to all of the terms and conditions hereof, the proceeds of such Swing Loan shall be made available to the Company Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of Xxxxxx Bank to make Swing Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Xxxxxx Bank shall not be obligated to make more than one Swing Loan during any one day.

Appears in 1 contract

Samples: Credit Agreement (Nash Finch Co)

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