Common use of Swing Line Revolving Facility Clause in Contracts

Swing Line Revolving Facility. Loans to the Borrowers under the Swing Line Revolving Facility (each a "SWING LINE REVOLVING LOAN" and, collectively, the "SWING LINE REVOLVING LOANS") (i) shall be made only by the Swing Line Lender, (ii) may be made at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (iii) shall be made only in U.S. Dollars; (iv) shall have a maturity of one Business Day; (v) may only be incurred as a Money Market Rate Loan; (vi) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (vii) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment less the aggregate Letter of Credit Outstandings exceeds the outstanding Swing Line Revolving Loans; and (vii) shall not exceed for the Swing Line Lender at any time outstanding its Swing Line Revolving Commitment at such time.

Appears in 1 contract

Samples: Credit Agreement (Brush Engineered Materials Inc)

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Swing Line Revolving Facility. Loans to the Borrowers Borrower under the Swing Line Revolving Facility (each a "SWING LINE REVOLVING LOAN" “Swing Line Revolving Loan” and, collectively, the "SWING LINE REVOLVING LOANS") “Swing Line Revolving Loans”): (i) shall be made only by the Swing Line Lender, ; (ii) may be made at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (iii) shall be made only in U.S. Dollarsdollars; (iv) shall have a maturity of one Business Day; (v) may only be incurred as a Money Prime Rate or a Eurodollar Market Index Rate Loan; (viv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (viivi) may only be made if after giving effect thereto the Unutilized Unused Total General Revolving Commitment less the aggregate Letter of Credit Outstandings exceeds the outstanding Swing Line Revolving Loans; and (vii) shall not exceed for the Swing Line Lender at any time outstanding its Swing Line Revolving Commitment at such time.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

Swing Line Revolving Facility. Loans to the Borrowers Borrower under the Swing Line Revolving Facility (each a "SWING LINE REVOLVING LOANSwing Line Revolving Loan" and, collectively, the "SWING LINE REVOLVING LOANSSwing Line Revolving Loans") ): (i) shall be made only by the Swing Line Lender, ; (ii) may be made at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (iii) shall be made only in U.S. Dollarsdollars; (iv) shall have a maturity of one Business Day; (v) may only be incurred as a Money Prime Rate or a Eurodollar Market Index Rate Loan; (viv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (viivi) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment less the aggregate Letter of Credit Outstandings exceeds the outstanding Swing Line Revolving Loans; and (vii) shall not exceed for the Swing Line Lender at any time outstanding its Swing Line Revolving Commitment at such time.

Appears in 1 contract

Samples: Credit Agreement (Calgon Carbon Corporation)

Swing Line Revolving Facility. Loans to the Borrowers under the Swing Line Revolving Facility (each a "SWING LINE REVOLVING LOANSwing Line Revolving Loan" and, collectively, the "SWING LINE REVOLVING LOANSSwing Line Revolving Loans") ): (i) shall may be made only incurred by the Swing Line Lender, (ii) may be made Borrower at any time and from time to time on and after the Closing Date and prior to the earlier of the Maturity DateDate or the date the Swing Line Commitment is terminated; (ii) shall be made by only by the Swing Line Lender; (iii) shall be made incurred only in U.S. Dollarsfor working capital requirements of the Borrower and its Subsidiaries; (iv) shall have a maturity of one Business Day; (v) may only be incurred and maintained as a Prime Rate Loans or Money Market Rate LoanLoans, in each case denominated in Dollars; (viv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (viivi) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment less the aggregate Letter of Credit Outstandings exceeds the outstanding Swing Line Revolving Loans; and (vii) shall not exceed for the Swing Line Lender at any time outstanding its Swing Line Revolving Commitment at such time.

Appears in 1 contract

Samples: Credit Agreement (Miami Computer Supply Corp)

Swing Line Revolving Facility. Loans to the Borrowers Borrower under the Swing Line Revolving Facility (each a "SWING LINE REVOLVING LOAN" and, collectively, the "SWING LINE REVOLVING LOANS") (i) shall be made only by the Swing Line Lender, (ii) may be made at any time and from time to time on and after the Closing Date and prior to the General Revolving Maturity Date; (iii) shall be made only in U.S. Dollars; (iv) shall have a maturity of one Business Day7 days or less; (v) shall be incurred only for working capital requirements of the Borrower and its Subsidiaries; (vi) may only be incurred as a Prime Rate Loans or as Money Market Rate LoanLoans; (vivii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (viiviii) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment less the aggregate Letter of Credit Outstandings exceeds the outstanding Swing Line Revolving Loans; and (viiix) shall not exceed for the Swing Line Lender at any time outstanding its Swing Line Revolving Commitment at such time.

Appears in 1 contract

Samples: Credit Agreement (Hawk Corp)

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Swing Line Revolving Facility. Loans to the Borrowers Borrower under the Swing Line Revolving Facility (each a "SWING LINE REVOLVING LOAN" “Swing Line Revolving Loan” and, collectively, the "SWING LINE REVOLVING LOANS") “Swing Line Revolving Loans”): (i) shall be made only by the Swing Line Lender, ; (ii) may be made at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (iii) shall be made only in U.S. Dollarsdollars; (iv) shall have a maturity of one Business Day; (v) may only be incurred as a Money Prime Rate or a Eurodollar Market Index Rate Loan; (viv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (viivi) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment less the aggregate Letter of Credit Outstandings exceeds the outstanding Swing Line Revolving Loans; and (vii) shall not exceed for the Swing Line Lender at any time outstanding its Swing Line Revolving Commitment at such time.

Appears in 1 contract

Samples: General Revolving Note (Calgon Carbon Corporation)

Swing Line Revolving Facility. Loans to the Borrowers under the Swing Line Revolving Facility (each a "SWING LINE REVOLVING LOAN" and, collectively, the "SWING LINE REVOLVING LOANS") ): (i) shall may be made only incurred by the Swing Line Lender, (ii) may be made Borrower at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (iiiii) shall be made incurred only in U.S. Dollarsfor working capital requirements of the Borrower and its Subsidiaries; (iv) shall have a maturity of one Business Day; (viii) may only be incurred as a Money Market and maintained Swing Line Revolving Loans which are Prime Rate LoanLoans denominated in Dollars; (viiv) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (viiv) may only be made if after giving effect thereto the Unutilized Total General Revolving Commitment less the aggregate Letter of Credit Outstandings exceeds the outstanding Swing Line Revolving Loans; and (viivi) shall not exceed for the Swing Line any Lender at any time outstanding its such Lender's Swing Line Revolving Commitment Commitment, if any, at such time.

Appears in 1 contract

Samples: Credit Agreement (Miami Computer Supply Corp)

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