Common use of Swing Line Clause in Contracts

Swing Line. (a) The Swing Line Bank agrees, on the terms and conditions hereinafter set forth, to make loans ("Swing Line Loans") to the Borrower from time to time during the period from the date of this Agreement, up to but not including the fifth (5th) day prior to the Facility Termination Date, in an aggregate principal amount not to exceed at any time outstanding the lesser of (i) the Swing Line Commitment or (ii) the Swing Line Bank's Available Credit.

Appears in 4 contracts

Samples: Credit Agreement (U S Home Corp /De/), Assignment Agreement (U S Home Corp /De/), Credit Agreement (U S Home Corp /De/)

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Swing Line. (a) The Swing Line Bank agrees, on Subject to the terms and conditions hereinafter set forthforth in this Agreement, Swing Line Lender agrees to make loans ("Swing Line Loans") to Loans until the Termination Date in such amounts as Borrower may from time to time during the period from the date of this Agreement, up to but not including the fifth (5th) day prior to the Facility Termination Date, in an aggregate principal amount not to exceed at any time outstanding the lesser of request; provided that (i) the aggregate principal amount of all Swing Line Commitment or Loans shall not exceed the Swing Line Sublimit, and (ii) the Swing Line Bank's Available Credit.Outstanding

Appears in 1 contract

Samples: Credit Agreement (Central Financial Acceptance Corp)

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