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 only be incurred by a Domestic Facility Borrower, (iii) may be made at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (iv) shall be made only in U.S. Dollars; (v) except as otherwise provided, may, at the option of the Domestic Facility Borrowers, be incurred and maintained as Swing Line Revolving Loans which are either Domestic Prime Rate Loans or Flex Eurodollar Loans; (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 Domestic Revolving Commitment exceeds zero; and (viii) shall not exceed for the Swing Line Lender at any time outstanding its Swing Line Revolving Commitment at such time. The Obligations of the Domestic Facility Borrowers in respect of the Swing Line Revolving Facility shall be joint and several.

Appears in 2 contracts

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

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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 only be incurred by a Domestic Facility Borrower, (iii) may be made at any time and from time to time on and after the Closing Date and prior to the Maturity Date; (iv) shall be made only in U.S. Dollars; (v) except as otherwise provided, may, at the option of the Domestic Facility Borrowers, be incurred and maintained as Swing Line Revolving Loans which are either Domestic Prime Rate Loans or Flex Eurodollar Loans; (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 Domestic Revolving Commitment exceeds zero; and (viii) shall not exceed for the Swing Line Lender at any time outstanding its Swing Line Revolving Commitment at such time. The Obligations of the Domestic Facility Borrowers in respect of the Swing Line Revolving Facility shall be joint and several.

Appears in 1 contract

Samples: Credit Agreement (Genlyte Group Inc)

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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 only be incurred by a Domestic Facility Borrower, (iii) may be made the 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 incurred only for working capital requirements of the Borrower and its Subsidiaries; (iv) shall be made may only in U.S. Dollars; (v) except as otherwise provided, may, at the option of the Domestic Facility Borrowers, be incurred and maintained as Swing Line Revolving Loans which are either Domestic Prime Rate Loans or Flex Eurodollar Money Market Rate Loans, 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 Domestic General Revolving Commitment exceeds zerothe outstanding Swing Line Revolving Loans; and (viiivii) shall not exceed for the Swing Line Lender at any time outstanding its Swing Line Revolving Commitment at such time. The Obligations of the Domestic Facility Borrowers in respect of the Swing Line Revolving Facility shall be joint and several.

Appears in 1 contract

Samples: Credit Agreement (Miami Computer Supply Corp)

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