Requests for Swingline Loans. The 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 Borrower requests that the Swingline Loan be made, of the amount and date of the Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for prompt and irrevocable acceptance. If the Borrower does not so promptly accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Credit as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of the Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).
Appears in 5 contracts
Samples: Credit Agreement (Whitestone REIT), Credit Agreement (Pillarstone Capital Reit), Credit Agreement (Whitestone REIT)
Requests for Swingline Loans. The Borrower shall give the Administrative Agent 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 Borrower requests that the any Swingline Loan be made, of the amount and date of the such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the such Swingline Loan. If the Swingline Lender agrees to make the such Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for prompt immediate and irrevocable acceptance. If the Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Credit Facility as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of the each Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).
Appears in 4 contracts
Samples: Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.)
Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon noon (Chicago time) on the date upon which the Borrower requests that the any Swingline Loan be made, of specifying in each case the amount and date of the such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion may quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the Swingline Loan available to the Borrower Quoted Rate for the such Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for prompt immediate and irrevocable acceptance. If , and if the Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the withdrawn and such Swingline Loan shall bear interest be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Base Domestic Rate Loans under the Revolving Credit as from time to time then currently in effectCredit. Subject to all of the terms and conditions hereof, the proceeds of the such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).
Appears in 4 contracts
Samples: Multicurrency Credit Agreement, Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)
Requests for Swingline Loans. The 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 Borrower requests that the any Swingline Loan be made, of the amount and date of the such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for prompt immediate and irrevocable acceptance. If the Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Credit Facility as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of the each Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).
Appears in 3 contracts
Samples: Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (Postal Realty Trust, Inc.)
Requests for Swingline Loans. The 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 Borrower requests that the any Swingline Loan be made, of the amount and date of the such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the such Swingline Loan. If the Swingline Lender agrees to make the such Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for prompt immediate and irrevocable acceptance. If the Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Credit Facility as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of the each Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).
Appears in 2 contracts
Samples: Credit Agreement (Sonida Senior Living, Inc.), Credit Agreement (Cal-Maine Foods Inc)
Requests for Swingline Loans. The 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 Borrower requests that the Swingline Loan be made, of the amount and date of the Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender Xxxxxx agrees to make the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for prompt and irrevocable acceptance. If the Borrower does not so promptly accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Credit as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of the Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).
Appears in 2 contracts
Samples: Credit Agreement (Whitestone REIT), Credit Agreement (Whitestone REIT)
Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon noon (Chicago time) on the date upon which the Borrower requests that the any Swingline Loan be made, of specifying in each case the amount and date of the such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion may quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the Swingline Loan available to the Borrower Quoted Rate for the such Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for prompt immediate and irrevocable acceptance. If , and if the Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the withdrawn and such Swingline Loan shall bear interest be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Base Domestic Rate Loans under the Revolving Credit as from time to time then currently in effectCredit. Subject to all of the terms and conditions hereof, the proceeds of the such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).the
Appears in 2 contracts
Samples: Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)
Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon noon (Chicago time) on the date upon which the Borrower requests that the any Swingline Loan be made, of specifying in each case the amount and date of the such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender Bank of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender Bank shall notify quote the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the Swingline Loan available to the Borrower Quoted Rate for the such Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for prompt immediate and irrevocable acceptance. If , and if the Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the withdrawn and such Swingline Loan shall bear interest be made at the rate per annum for Base equal to the Domestic Rate Loans under the Revolving Credit as from time to time then currently in effecteffect PLUS the Applicable Margin for Domestic Rate Loans. Subject to all of the terms and conditions hereof, the proceeds of the such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s 's Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender Bank may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, (i) the undertaking obligation of the Swingline Lender Bank to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender Bank shall be entitled to assume that the conditions precedent to an advance of the any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders)Banks) and (ii) the Swingline Bank shall not be obligated to make more than one Swingline Loan during any one day.
Appears in 1 contract
Samples: Multicurrency Credit Agreement (Jones Lang Lasalle Inc)
Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon noon (Chicago time) on the date upon which the Borrower requests that the any Swingline Loan be made, of specifying in each case the amount and date of the such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion may quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the Swingline Loan available to the Borrower Quoted Rate for the such Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for prompt immediate and irrevocable acceptance. If , and if the Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the withdrawn and such Swingline Loan shall bear interest be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Base Domestic Rate Loans under the Revolving Credit as from time to time then currently in effectCredit. Subject to all of the terms and conditions hereof, the proceeds of the such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).terms
Appears in 1 contract
Requests for Swingline Loans. The (i) When the Borrower desires the Swingline Lender to make a Swingline Loan, it shall give send to the Administrative Agent prior notice (and the Swingline Lender a written notice, which may be written given by: (A) telephone or oral(B) no a Swingline Loan Notice, provided that any telephone notice must be confirmed immediately by delivery to the Swingline Lender and the Agent of a Swingline Loan Notice. Each Swingline Loan notice shall set forth (x) the principal amount of the proposed Swingline Loan, and (y) the proposed date of Borrowing of such Swingline Loan (which date shall be a Business Day), and be signed by a Responsible Officer of the Borrower. Each such Swingline Loan Notice must be received by the Swingline Lender not later than 12:00 Noon (Chicago time) 11:00 a.m. on the proposed date upon which the Borrower requests that of Borrowing of the Swingline Loan being requested. Each Swingline Loan Notice shall be made, of irrevocable and binding on the amount Borrower and date of shall obligate the Borrower to borrow the Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise Loan from the Swingline Lender on the proposed date of any such notice received from Borrowing.
(ii) Upon satisfaction of the Borrower. Thereafterapplicable conditions set forth in this Agreement, at or before the close of business on the proposed date of Borrowing, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the Swingline Loan available to the Borrower for by crediting the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for prompt and irrevocable acceptance. If the Borrower does not so promptly accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Credit as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of the Swingline Loan extended to an account designated by the Borrower to the Borrower Swingline Lender; provided that Swingline Loans made to finance the reimbursement of an LC Disbursement under any Letter of Credit as provided in Section 2.4(c) shall be deposited or otherwise wire transferred remitted by the Agent to the Borrower’s Designated Disbursement Account or as LC Issuer.
(iii) Notwithstanding the Borrowerforegoing, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall not advance any Swingline Loans after it has received notice from any Lender or any Loan Party that a Default under Section 10.1(a)(ii) or an Event of Default has occurred and is continuing and stating that no new Swingline Loans are to be entitled to assume that made until such Default or Event of Default has been cured or waived in accordance with the conditions precedent to an advance provisions of the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders)this Agreement.
Appears in 1 contract
Requests for Swingline Loans. The 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 Borrower requests that the any Swingline Loan be made, of the amount and date of the such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the The Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges acknowledge and agrees agree that the any such interest rate quote is will be given for prompt immediate and irrevocable acceptance. If the Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Credit as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of the each Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).
Appears in 1 contract
Samples: Credit Agreement (Hub Group, Inc.)
Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 12:00 Noon noon (Chicago time) on the date upon which the Borrower requests that the any Swingline Loan be made, of specifying in each case the amount and date of the such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion may quote an interest rate to the Borrower at which the Swingline Lender would be willing to make the Swingline Loan available to the Borrower Quoted Rate for the such Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for prompt immediate and irrevocable acceptance. If , and if the Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the withdrawn and such Swingline Loan shall bear interest be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Base Domestic Rate Loans under the Revolving Credit as from time to time then currently in effectCredit. Subject to all of the terms and conditions hereof, the proceeds of the such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).make
Appears in 1 contract
Requests for Swingline Loans. 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 such Borrower requests that the any Swingline Loan be made, of the amount and date of the such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the either Borrower. Thereafter, the The Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make the Swingline Loan. If the Swingline Lender agrees to make the Swingline Loan, it may in its discretion quote an interest rate to the applicable Borrower at which the Swingline Lender would be willing to make the such Swingline Loan available to the such Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges Borrowers acknowledge and agrees agree that the any such interest rate quote is will be given for prompt immediate and irrevocable acceptance. If the applicable Borrower does not so promptly immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the such Borrower for the such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, the such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Credit as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of the each Swingline Loan extended to the Borrower Borrowers shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the BorrowerBorrowers, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of the any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).
Appears in 1 contract
Samples: Credit Agreement (Hub Group, Inc.)