Common use of Swing Loan Clause in Contracts

Swing Loan. Upon the request of the Swing Line Lender, to evidence the obligation of Borrower to repay the Swing Loans and to pay interest thereon, Borrower shall execute a Swing Line Note, and payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided, however, that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Teletech Holdings Inc), Assignment and Acceptance Agreement (Parametric Technology Corp), Credit Agreement (Teletech Holdings Inc)

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Swing Loan. Upon the request of the Swing Line Lender, to evidence the obligation of Borrower to repay the Swing Loans and to pay interest thereon, Borrower shall execute a Swing Line Note, and payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided, however, provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 2 contracts

Samples: Assignment and Acceptance Agreement (Netscout Systems Inc), Credit and Security Agreement (Jupitermedia Corp)

Swing Loan. Upon the request of the Swing Line Lender, to evidence the obligation of Borrower US Borrowers to repay the Swing Loans and to pay interest thereon, Borrower US Borrowers shall execute a Swing Line NoteNote in the form of the attached Exhibit C, and payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided, however, that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrower’s US Borrowers' obligations to the Swing Line Lender hereunder.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Agilysys Inc)

Swing Loan. Upon the request of the Swing Line Lender, to evidence the obligation of Borrower to repay the Swing Loans and to pay interest thereon, Borrower shall execute a Swing Line NoteNote in the form of the attached Exhibit B, and payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided, however, that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Epiq Systems Inc)

Swing Loan. Upon the request of the Swing Line Lender, to evidence the obligation of Borrower to repay the Swing Loans and to pay interest thereon, Borrower shall execute a Swing Line NoteNote in the form of the attached Exhibit B, and payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided, however, that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Nautilus, Inc.)

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Swing Loan. Upon the request of the Swing Line Lender, to evidence the obligation of US Borrower to repay the Swing Loans and to pay interest thereon, US Borrower shall execute a Swing Line Note, and payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided, however, provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from US Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Nn Inc)

Swing Loan. Upon the request of the Swing Line Lender, to evidence the obligation of Borrower US Borrowers to repay the Swing Loans and to pay interest thereon, Borrower US Borrowers shall execute a Swing Line Note, and payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided, however, provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrower’s US Borrowers’ obligations to the Swing Line Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

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