{"component": "clause", "props": {"groups": [{"size": 310, "snippet": "(a) Subject to the terms and conditions set forth in this Agreement, and in order to minimize the transfer of funds between Lenders and Agent for administrative convenience, Agent, Revolving Lenders and Swing Loan Lender agree that in order to facilitate the administration of this Agreement, Swing Loan Lender may, at its election and option made in its sole discretion cancelable at any time for any reason whatsoever, make swing loan advances (\u201cSwing Loans\u201d) available to Borrowers as provided for in this Section 2.4 at any time or from time to time after the Closing Date to, but not including, the last day of the Term, in an aggregate principal amount up to but not in excess of the Maximum Swing Loan Advance Amount, provided that the outstanding aggregate principal amount of Swing Loans and the Revolving Advances at any one time outstanding shall not exceed an amount equal to the lesser of (i) the Maximum Revolving Advance Amount less the Maximum Undrawn Amount of all outstanding Letters of Credit or (ii) the Formula Amount. All Swing Loans shall be Domestic Rate Loans only. Borrowers may borrow (at the option and election of Swing Loan Lender), repay and re-borrow (at the option and election of Swing Loan Lender) Swing Loans and Swing Loan Lender may make Swing Loans as provided in this Section 2.4 during the period between Settlement Dates. All Swing Loans shall be evidenced by a secured promissory note (the \u201cSwing Loan Note\u201d) substantially in the form attached as Exhibit 2.4(a) hereto. Swing Loan Lender\u2019s agreement to make Swing Loans under this Agreement is cancelable at any time for any reason whatsoever and the making of Swing Loans by Swing Loan Lender from time to time shall not create any duty or obligation, or establish any course of conduct, pursuant to which Swing Loan Lender shall thereafter be obligated to make Swing Loans in the future.\n(b) Upon either (i) any request by Borrowing Agent for a Revolving Advance made pursuant to Section 2.2(a) hereof or (ii) the occurrence of any deemed request by Borrowers for a Revolving Advance pursuant to the provisions of Section 2.2(a) hereof, Swing Loan Lender may elect, in its sole discretion, to have such request or deemed request treated as a request for a Swing Loan, and may advance same day funds to Borrowers as a Swing Loan; provided that notwithstanding anything to the contrary provided for herein, Swing Loan Lender may not make Swing Loan Advances if Swing Loan Lender has been notified by Agent or by Required Lenders that one or more of the applicable conditions set forth in Section 8.2 hereof have not been satisfied or the Revolving Commitments have been terminated for any reason.\n(c) Upon the making of a Swing Loan (whether before or after the occurrence of a Default or an Event of Default and regardless of whether a Settlement has been requested with respect to such Swing Loan), each Revolving Lender shall be deemed, without further action by any party hereto, to have unconditionally and irrevocably purchased from Swing Loan Lender, without recourse or warranty, an undivided interest and participation in such Swing Loan in proportion to its Revolving Commitment Percentage. Swing Loan Lender or Agent may, at any time, require the Revolving Lenders to fund such participations by means of a Settlement as provided for in Section 2.20(b) hereof. From and after the date, if any, on which any Revolving Lender is required to fund, and funds, its participation in any Swing Loans purchased hereunder, Agent shall promptly distribute to such Lender its Revolving Commitment Percentage of all payments of principal and interest and all proceeds of Collateral received by Agent in respect of such Swing Loan; provided that no Revolving Lender shall be obligated in any event to make Revolving Advances in an amount in excess of its Revolving Commitment Amount minus its Participation Commitment (taking into account any reallocations under Section 2.23 hereof) of the Maximum Undrawn Amount of all outstanding Letters of Credit.", "samples": [{"hash": "kGhhh7OCqii", "uri": "/contracts/kGhhh7OCqii#swing-loans", "label": "Revolving Credit and Security Agreement (ARKO Corp.)", "score": 37.1314163208, "published": true}, {"hash": "iKobk6qGsQE", "uri": "/contracts/iKobk6qGsQE#swing-loans", "label": "Revolving Credit and Security Agreement (ARKO 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(local time at the Payment Office) on the date specified in each Notice of Borrowing, the Swing Line Lender will make available to the Borrower by depositing to its account at the Payment Office (or such other account as the Borrower shall specify) the aggregate of Swing Loans requested in such Notice of Borrowing.", "samples": [{"hash": "nJpLGAOogT", "uri": "/contracts/nJpLGAOogT#swing-loans", "label": "Credit Agreement (Eastern Co)", "score": 36.8384666443, "published": true}, {"hash": "2TDE3IBJwol", "uri": "/contracts/2TDE3IBJwol#swing-loans", "label": "Credit Agreement (Eastern Co)", "score": 34.4647483826, "published": true}, {"hash": "67CIbhrGE4j", "uri": "/contracts/67CIbhrGE4j#swing-loans", "label": "Credit Agreement (Purple Innovation, Inc.)", "score": 34.1389465332, "published": true}], "snippet_links": [{"key": "local-time", "type": "definition", "offset": [25, 35]}, {"key": "payment-office", "type": "definition", "offset": [43, 57]}, {"key": "notice-of-borrowing", "type": "definition", "offset": [89, 108]}, {"key": "swing-line-lender", "type": "clause", "offset": [114, 131]}, {"key": "to-the-borrower", "type": "definition", "offset": [152, 167]}, {"key": "other-account", "type": "clause", "offset": [228, 241]}, {"key": "the-borrower-shall", "type": "clause", "offset": [245, 263]}], "hash": "13951bd8e3bf56847267441b66c21b50", "id": 2}, {"size": 54, "snippet": "The Borrower shall pay interest to the Administrative Agent, for the sole benefit of the Swing Line Lender (and any Revolving Lender that shall have funded a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Base Rate from time to time in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.", "samples": [{"hash": "aLYPH43ePXU", "uri": "/contracts/aLYPH43ePXU#swing-loans", "label": "Credit and Security Agreement (Bel Fuse Inc /Nj)", "score": 34.3429145813, "published": true}, {"hash": "dJtl7fKorTy", "uri": "/contracts/dJtl7fKorTy#swing-loans", "label": "Credit and Security Agreement (Bel Fuse Inc /Nj)", "score": 34.1854896545, "published": true}, {"hash": "96gkAGoWFoL", "uri": "/contracts/96gkAGoWFoL#swing-loans", "label": "Credit Agreement (Bel Fuse Inc /Nj)", "score": 33.8856964111, "published": true}], "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [0, 18]}, {"key": "pay-interest", "type": "clause", "offset": [19, 31]}, {"key": "the-administrative-agent", "type": "clause", "offset": [35, 59]}, {"key": "for-the-sole-benefit-of", "type": "definition", "offset": [61, 84]}, {"key": "swing-line-lender", "type": "clause", "offset": [89, 106]}, {"key": "revolving-lender", "type": "clause", "offset": [116, 132]}, {"key": "unpaid-principal-amount", "type": "definition", "offset": [200, 223]}, {"key": "loan-outstanding", "type": "definition", "offset": [238, 254]}, {"key": "from-time-to-time", "type": "clause", "offset": [255, 272]}, {"key": "derived-base-rate", "type": "definition", "offset": [313, 330]}, {"key": "in-effect", "type": "definition", "offset": [349, 358]}, {"key": "interest-on-each", "type": "clause", "offset": [360, 376]}, {"key": "loan-shall", "type": "definition", "offset": [383, 393]}, {"key": "swing-loan-maturity-date", "type": "definition", "offset": [412, 436]}, {"key": "interest-for", "type": "definition", "offset": [484, 496]}], "hash": "47c9220386254ecaf426cfa1f42873d7", "id": 3}, {"size": 43, "snippet": "During the Revolving Facility Availability Period, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make a Swing Loan or Swing Loans to the Borrower from time to time, which Swing Loans: (i) shall be payable on the Swing Loan Maturity Date applicable to each such Swing Loan; (ii) shall be made in U.S. Dollars and shall be Base Rate Loans; (iii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (iv) may only be made if after giving effect thereto (A) the aggregate principal amount of Swing Loans outstanding does not exceed the Swing Line Commitment, and (B) the Aggregate Credit Facility Exposure would not exceed (x) the Total Revolving Commitment or (y) the Maximum Borrowing Amount; (v) shall not be made if, after giving effect thereto, the Borrower would be required to prepay Loans or cash collateralize Letters of Credit pursuant to Section 2.05(c) hereof; and (vi) shall not be made if the proceeds thereof would be used to repay, in whole or in part, any outstanding Swing Loan.", "samples": [{"hash": "6basPf0R5wK", "uri": "/contracts/6basPf0R5wK#swing-loans", "label": "Credit Agreement (Builders FirstSource, Inc.)", "score": 33.1040382385, "published": true}, {"hash": "d6GeYBOeRzB", "uri": "/contracts/d6GeYBOeRzB#swing-loans", "label": "Credit Agreement (Builders FirstSource, Inc.)", "score": 32.9726219177, "published": true}, {"hash": "95djvPgC8JI", "uri": "/contracts/95djvPgC8JI#swing-loans", "label": "Credit Agreement (Builders FirstSource, Inc.)", "score": 32.0910339355, "published": true}], "snippet_links": [{"key": "revolving-facility-availability-period", "type": "definition", "offset": [11, 49]}, {"key": "swing-line-lender", "type": "clause", "offset": [55, 72]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [84, 108]}, {"key": "in-this-agreement", "type": "clause", "offset": [119, 136]}, {"key": "to-the-borrower", "type": "definition", "offset": [174, 189]}, {"key": "from-time-to-time", "type": "clause", "offset": [190, 207]}, {"key": "swing-loan-maturity-date", "type": "definition", "offset": [256, 280]}, {"key": "applicable-to", "type": "definition", "offset": [281, 294]}, {"key": "base-rate-loans", "type": "definition", "offset": [365, 380]}, {"key": "in-accordance-with", "type": "definition", "offset": [428, 446]}, {"key": "the-provisions", "type": "clause", "offset": [447, 461]}, {"key": "after-giving", "type": "clause", "offset": [495, 507]}, {"key": "loans-outstanding", "type": "definition", "offset": [567, 584]}, {"key": "swing-line-commitment", "type": "definition", "offset": [605, 626]}, {"key": "aggregate-credit-facility-exposure", "type": "definition", "offset": [640, 674]}, {"key": "total-revolving-commitment", "type": "clause", "offset": [700, 726]}, {"key": "maximum-borrowing-amount", "type": "definition", "offset": [738, 762]}, {"key": "cash-collateralize-letters-of-credit", "type": "clause", "offset": [869, 905]}, {"key": "pursuant-to-section", "type": "definition", "offset": [906, 925]}, {"key": "to-repay", "type": "clause", "offset": [1007, 1015]}], "hash": "2ffed8157e4105d0bca9597c27584e90", "id": 4}, {"size": 37, "snippet": "Each Swing Loan, both for principal and interest not sooner paid, shall mature and be due and payable by the Borrowers on the Revolving Credit Termination Date.", "samples": [{"hash": "jCf8QTt4D30", "uri": "/contracts/jCf8QTt4D30#swing-loans", "label": "Credit Agreement (EMCOR Group, Inc.)", "score": 35.1574249268, "published": true}, {"hash": "hHIyylmOOyg", "uri": "/contracts/hHIyylmOOyg#swing-loans", "label": "Credit Agreement (EMCOR Group, Inc.)", "score": 34.5660514832, "published": true}, {"hash": "klpES27j5Bz", "uri": "/contracts/klpES27j5Bz#swing-loans", "label": "Credit Agreement (EMCOR Group, Inc.)", "score": 31.327173233, "published": true}], "snippet_links": [{"key": "swing-loan", "type": "clause", "offset": [5, 15]}, {"key": "principal-and-interest", "type": "clause", "offset": [26, 48]}, {"key": "due-and-payable", "type": "clause", "offset": [86, 101]}, {"key": "the-borrowers", "type": "clause", "offset": [105, 118]}, {"key": "revolving-credit-termination-date", "type": "clause", "offset": [126, 159]}], "hash": "0e9523c6eaf24ba2d2bb232dbed71dbd", "id": 5}, {"size": 28, "snippet": "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, 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; 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(ii) shall be made only in U.S. Dollars; (iii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (iv) may only be made if after giving effect thereto (A) the aggregate principal amount of Swing Loans outstanding does not exceed the Swing Line Commitment, (B) the sum of (1) the Revolving Facility Exposure of any Lender and (2) the Swing Line Exposure of such Lender, does not exceed such Lender\u2019s Revolving Commitment and (C) the sum of (1) the Aggregate Revolving Facility Exposure and (2) the outstanding principal amount of Swing Loans, would exceed the Total Revolving Commitment; (v) shall not be made if, after giving effect thereto, the Borrower would be required to prepay Loans or cash collateralize Letters of Credit pursuant to Section 2.13(b); and (vi) shall not be made if the proceeds thereof would be used to repay, in whole or in part, any outstanding Swing Loan.", "samples": [{"hash": "5x4xYlhumD6", "uri": "/contracts/5x4xYlhumD6#swing-loans", "label": "Credit Agreement (Circor International Inc)", "score": 31.2792606354, "published": true}, {"hash": "jqNrQIwVVOA", "uri": "/contracts/jqNrQIwVVOA#swing-loans", "label": "Credit Agreement (Circor International Inc)", "score": 30.9726219177, "published": true}, {"hash": "gHxXHhsJCOr", "uri": "/contracts/gHxXHhsJCOr#swing-loans", "label": "Credit Agreement (Circor International Inc)", "score": 29.1574268341, "published": true}], "snippet_links": [{"key": "revolving-facility-availability-period", "type": "definition", "offset": [11, 49]}, {"key": "swing-line-lender", "type": "clause", "offset": [55, 72]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [84, 108]}, {"key": "in-this-agreement", "type": "clause", "offset": [119, 136]}, {"key": "to-the-borrower", "type": "definition", "offset": [174, 189]}, {"key": "from-time-to-time", "type": "clause", "offset": [190, 207]}, {"key": "swing-loan-maturity-date", "type": "definition", "offset": [255, 279]}, {"key": "applicable-to", "type": "definition", "offset": [280, 293]}, {"key": "in-accordance-with", "type": "definition", "offset": [403, 421]}, {"key": "the-provisions", "type": "clause", "offset": [422, 436]}, {"key": "after-giving", "type": "clause", "offset": [470, 482]}, {"key": "loans-outstanding", "type": "definition", "offset": [542, 559]}, {"key": "swing-line-commitment", "type": "definition", "offset": [580, 601]}, {"key": "sum-of", "type": "clause", "offset": [611, 617]}, {"key": "swing-line-exposure", "type": "definition", "offset": [680, 699]}, {"key": "aggregate-revolving-facility-exposure", "type": "definition", "offset": [794, 831]}, {"key": "outstanding-principal-amount", "type": "clause", "offset": [844, 872]}, {"key": "total-revolving-commitment", "type": "clause", "offset": [906, 932]}, {"key": "cash-collateralize-letters-of-credit", "type": "clause", "offset": [1039, 1075]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1076, 1095]}, {"key": "to-repay", "type": "clause", "offset": [1170, 1178]}], "hash": "a5b05c13496aa0bec796d5544eb6dace", "id": 7}, {"size": 24, "snippet": "During the Revolving Facility Availability Period, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make a Swing Loan or Swing Loans to each Borrower from time to time, which Swing Loans: (i) shall be payable on the Swing Loan Maturity Date applicable to each such Swing Loan; (ii) shall be made in U.S. Dollars and shall be Base Rate Loans; (iii) may be repaid or prepaid and reborrowed in accordance with the provisions hereof; (iv) may only be made if after giving effect thereto (A) the aggregate principal amount of Swing Loans outstanding does not exceed the Swing Line Commitment, and (B) the Aggregate Revolving Facility Exposure would not exceed the Total Revolving Commitment; (v) shall not be made if, after giving effect thereto, the Borrowers would be required to prepay Loans or Cash Collateralize Letters of Credit pursuant to Section 2.13(c) hereof; and (vi) shall not be made if the proceeds thereof would be used to repay, in whole or in part, any outstanding Swing Loan. Notwithstanding anything to the contrary contained in this Section 2.04(a), the Swing Line Lender shall not make any Swing Loan after it has received written notice from the Parent Borrower, any other Credit Party or the Required Revolving Lenders stating that a Default or an Event of Default exists and is continuing until such time as the Swing Line Lender shall have received written notice (A) of rescission of all such notices from the party or parties originally delivering such notice or notices, (B) of the cure of such Default or Event of Default or (C) of the waiver of such Default or Event of Default in accordance with Section 10.12.", "samples": [{"hash": "h37g0sHhbq0", "uri": "/contracts/h37g0sHhbq0#swing-loans", "label": "Credit Agreement (PGT Innovations, Inc.)", "score": 33.7967147827, "published": true}, {"hash": "a3aYvtlfK3j", "uri": "/contracts/a3aYvtlfK3j#swing-loans", "label": "Credit Agreement (PGT Innovations, Inc.)", "score": 32.8247756958, "published": true}, {"hash": "jG8cC90o8YQ", "uri": "/contracts/jG8cC90o8YQ#swing-loans", "label": "Credit Agreement (PGT Innovations, Inc.)", "score": 30.8453121185, "published": true}], "snippet_links": [{"key": "revolving-facility-availability-period", "type": "definition", "offset": [11, 49]}, {"key": "swing-line-lender", "type": "clause", "offset": [55, 72]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [84, 108]}, {"key": "in-this-agreement", "type": "clause", "offset": [119, 136]}, {"key": "loans-to", "type": "clause", "offset": [168, 176]}, {"key": "each-borrower", "type": "clause", "offset": [177, 190]}, {"key": "from-time-to-time", "type": "clause", "offset": [191, 208]}, {"key": "swing-loan-maturity-date", "type": "definition", "offset": [257, 281]}, {"key": "applicable-to", "type": "definition", "offset": [282, 295]}, {"key": "base-rate-loans", "type": "definition", "offset": [366, 381]}, {"key": "in-accordance-with", "type": "definition", "offset": [429, 447]}, {"key": "the-provisions", "type": "clause", "offset": [448, 462]}, {"key": "after-giving", "type": "clause", "offset": [496, 508]}, {"key": "loans-outstanding", "type": "definition", "offset": [568, 585]}, {"key": "swing-line-commitment", "type": "definition", "offset": [606, 627]}, {"key": "aggregate-revolving-facility-exposure", "type": "definition", "offset": [641, 678]}, {"key": "total-revolving-commitment", "type": "clause", "offset": [700, 726]}, {"key": "the-borrowers", "type": "clause", "offset": [783, 796]}, {"key": "cash-collateralize-letters-of-credit", "type": "clause", "offset": [834, 870]}, {"key": "pursuant-to-section", "type": "definition", "offset": [871, 890]}, {"key": "to-repay", "type": "clause", "offset": [972, 980]}, {"key": "contained-in", "type": "definition", "offset": [1072, 1084]}, {"key": "written-notice", "type": "definition", "offset": [1181, 1195]}, {"key": "parent-borrower", "type": "definition", "offset": [1205, 1220]}, {"key": "credit-party", "type": "clause", "offset": [1232, 1244]}, {"key": "required-revolving-lenders", "type": "definition", "offset": [1252, 1278]}, {"key": "a-default", "type": "definition", "offset": [1292, 1301]}, {"key": "event-of-default-exists", "type": "clause", "offset": [1308, 1331]}, {"key": "rescission-of", "type": "clause", "offset": [1433, 1446]}, {"key": "party-or-parties", "type": "clause", "offset": [1473, 1489]}, {"key": "notice-or-notices", "type": "clause", "offset": [1517, 1534]}, {"key": "default-or-event-of-default", "type": "clause", "offset": [1560, 1587]}, {"key": "waiver-of", "type": "clause", "offset": [1602, 1611]}, {"key": "section-1012", "type": "clause", "offset": [1664, 1677]}], "hash": "b90c58f0798da0524abf62683de1bdd5", "id": 8}, {"size": 21, "snippet": "(a) Subject to the terms and conditions set forth ----------- herein, the Swing Bank agrees to make Swing Loans to the Borrower, in the Swing Bank's sole discretion, from time to time during the Commitment Period, in an aggregate principal amount at any time outstanding that will not result in the aggregate principal amount of outstanding Swing Loans exceeding $2,000,000.00. Within the foregoing limit and subject to the Swing Bank's discretion and the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow the Swing Loans. Each Swing Loan shall be made as a Prime Rate Loan.\n(b) To request a Swing Loan, the Borrower shall notify the Swing Bank (which shall promptly notify the Agent) of such request by telephone (confirmed by telecopy), not later than 1:00 p.m., Philadelphia time, on the day of a proposed Swing Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) of the requested Swing Loan and the amount of the requested Swing Loan. The Swing Bank shall make each Swing Loan available to the Borrower, in its discretion, by means of a credit to the general deposit account of the Borrower with the Agent by 3:00 p.m., Philadelphia time, on the requested date of such Swing Loan.\n(c) The Swing Bank may by written notice given to the Agent not later than 12:00 noon, Philadelphia Time, on any Business Day require the Banks to acquire participations on such Business Day in all or a portion of the Swing Loans outstanding, together with interest accrued thereon. Such notice shall specify the aggregate amount of Swing Loans in which Banks will participate. Promptly upon receipt of such notice, the Agent will give notice thereof to each Bank, specifying in such notice such Bank's pro rata share of such Swing Loan or Loans, together with interest accrued thereon. Each Bank hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Agent, for the account of the Swing Bank, such Bank's pro rata share of such Swing Loan or Loans. Each Bank acknowledges and agrees that its obligation to acquire participations in Swing Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or Event of Default or reduction or termination of the Revolving Credit Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Bank shall comply with its obligation under this paragraph in the same manner as provided in Section 2.2(d) with respect to Revolving Credit Loans made by such Bank and the Agent shall promptly pay to the Swing Bank the amounts so received by it from the Banks. The Agent shall notify the Borrower of any participations in any Swing Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swing Loan shall be made to the Agent and not to the Swing Bank. Any amounts received by the Swing Bank from the Borrower (or other party on behalf of the applicable Borrower) in respect of a Swing Loan after receipt by the Swing Bank of the proceeds of a sale of participations therein shall be promptly remitted to the Agent; any such amounts received by the Agent shall be promptly remitted by the Agent to the Bank that shall have made their payments pursuant to this paragraph and to the Swing Bank, as their interests may appear. The purchase of participations in a Swing Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof.\n(d) The Swing Loans made by the Swing Bank on any date shall be in a minimum amount of $250,000.00 and in integral multiples of $100,000.00.", "samples": [{"hash": "3NRyDTdVanI", "uri": "/contracts/3NRyDTdVanI#swing-loans", "label": "Loan Agreement (Nu Horizons Electronics Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [15, 39]}, {"key": "swing-bank", "type": "definition", "offset": [74, 84]}, {"key": "agrees-to", "type": "clause", "offset": [85, 94]}, {"key": "to-the-borrower", "type": "definition", "offset": [112, 127]}, {"key": "sole-discretion", "type": "clause", "offset": [149, 164]}, {"key": "from-time-to-time", "type": "clause", "offset": [166, 183]}, {"key": "during-the-commitment-period", "type": "clause", "offset": [184, 212]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [220, 246]}, {"key": "at-any-time", "type": "clause", "offset": [247, 258]}, {"key": "in-the-aggregate", "type": "definition", "offset": [292, 308]}, {"key": "the-foregoing", "type": "definition", "offset": [385, 398]}, {"key": "the-swing-loans", "type": "clause", "offset": [540, 555]}, {"key": "loan-shall", "type": "definition", "offset": [568, 578]}, {"key": "prime-rate-loan", "type": "clause", "offset": [592, 607]}, {"key": "to-request", "type": "clause", "offset": [613, 623]}, {"key": "the-borrower-shall", "type": "clause", "offset": [638, 656]}, {"key": "promptly-notify-the-agent", "type": "clause", "offset": [692, 717]}, {"key": "by-telephone", "type": "definition", "offset": [735, 747]}, {"key": "day-of", "type": "clause", "offset": [825, 831]}, {"key": "a-proposed", "type": "clause", "offset": [832, 842]}, {"key": "business-day", "type": "definition", "offset": [948, 960]}, {"key": "available-to", "type": "definition", "offset": [1076, 1088]}, {"key": "in-its-discretion", "type": "clause", "offset": [1103, 1120]}, {"key": "a-credit", "type": "definition", "offset": [1134, 1142]}, {"key": "the-general", "type": "clause", "offset": [1146, 1157]}, {"key": "deposit-account", "type": "definition", "offset": [1158, 1173]}, {"key": "of-the-borrower", "type": "clause", "offset": [1174, 1189]}, {"key": "date-of", "type": "clause", "offset": [1255, 1262]}, {"key": "notice-given", "type": "clause", "offset": [1314, 1326]}, {"key": "any-business", "type": "definition", "offset": [1389, 1401]}, {"key": "the-banks", "type": "clause", "offset": [1414, 1423]}, {"key": "to-acquire", "type": "definition", "offset": [1424, 1434]}, {"key": "a-portion", "type": "definition", "offset": [1481, 1490]}, {"key": "loans-outstanding", "type": "definition", "offset": [1504, 1521]}, {"key": "interest-accrued", "type": "clause", "offset": [1537, 1553]}, {"key": "aggregate-amount", "type": "definition", "offset": 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[2246, 2257]}, {"key": "default-or-event-of-default", "type": "clause", "offset": [2333, 2360]}, {"key": "termination-of-the-revolving-credit-commitments", "type": "clause", "offset": [2377, 2424]}, {"key": "comply-with", "type": "definition", "offset": [2551, 2562]}, {"key": "in-the-same-manner", "type": "definition", "offset": [2599, 2617]}, {"key": "with-respect-to", "type": "clause", "offset": [2648, 2663]}, {"key": "revolving-credit-loans", "type": "definition", "offset": [2664, 2686]}, {"key": "the-agent-shall", "type": "clause", "offset": [2709, 2724]}, {"key": "received-by", "type": "definition", "offset": [2771, 2782]}, {"key": "in-respect-of", "type": "definition", "offset": [2939, 2952]}, {"key": "amounts-received", "type": "definition", "offset": [3027, 3043]}, {"key": "other-party", "type": "definition", "offset": [3084, 3095]}, {"key": "on-behalf-of", "type": "clause", "offset": [3096, 3108]}, {"key": "applicable-borrower", "type": "definition", "offset": [3113, 3132]}, {"key": "receipt-by-the", "type": "clause", "offset": [3167, 3181]}, {"key": "bank-of", "type": "definition", "offset": [3188, 3195]}, {"key": "sale-of-participations", "type": "clause", "offset": [3214, 3236]}, {"key": "by-the-agent", "type": "clause", "offset": [3312, 3324]}, {"key": "to-the-bank", "type": "clause", "offset": [3365, 3376]}, {"key": "purchase-of-participations", "type": "clause", "offset": [3498, 3524]}, {"key": "the-payment", "type": "clause", "offset": [3617, 3628]}, {"key": "minimum-amount", "type": "definition", "offset": [3707, 3721]}, {"key": "integral-multiples", "type": "definition", "offset": [3744, 3762]}], "hash": "acf3a5826e956f4157a86b9a4ba1f5ca", "id": 9}, {"size": 18, "snippet": "Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, and in order to facilitate loans and repayments between Settlement Dates, the Swingline Lender may, at its option, cancelable at any time for any reason whatsoever, make swing loans (the \u201cSwing Loans\u201d) to the Borrower at any time or from time to time after the date hereof to, but not including, the Expiration Date, in an aggregate principal amount up to but not in excess of the Swingline Cap; provided that, after giving effect to each such Loan, (i) the Revolving Facility Usage shall not at any time exceed the lesser of (a) the Borrowing Base and (b) the Revolving Credit Commitments and (ii) the aggregate amount of Indebtedness under this Agreement shall not exceed the Applicable Notes Indenture Cap; provided, further, that (x) at the Administrative Agent\u2019s request, the Borrower shall provide the Administrative Agent calculations and supporting information reasonably satisfactory to the Administrative Agent showing compliance with clause (ii) and (y) notwithstanding the foregoing clause (x), the Administrative Agent shall have no obligation to request such calculation or information or to determine compliance with clause (ii), and shall be fully entitled to assume (without any further investigation) that each borrowing of Swing Loans complies with clause (ii) if the Borrower borrows Swing Loans. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrower may borrow, repay and reborrow pursuant to this Section 2.1.2 [Swing Loans].", "samples": [{"hash": "bY0aJV0mVqY", "uri": "/contracts/bY0aJV0mVqY#swing-loans", "label": "Credit Agreement (CNX Resources Corp)", "score": 33.5694732666, "published": true}, {"hash": "cgUOYGrmTsY", "uri": "/contracts/cgUOYGrmTsY#swing-loans", "label": "Revolving Credit Facility (CNX Resources Corp)", "score": 32.7645454407, "published": true}, {"hash": "6yYp0dnM4Ux", "uri": "/contracts/6yYp0dnM4Ux#swing-loans", "label": "Credit Agreement (CNX Resources Corp)", "score": 31.3216972351, "published": true}], "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [11, 35]}, {"key": "the-representations-and-warranties", "type": "clause", "offset": [60, 94]}, {"key": "in-order-to", "type": "clause", "offset": [117, 128]}, {"key": "between-settlement-dates", "type": "clause", "offset": [161, 185]}, {"key": "lender-may", "type": "definition", "offset": [201, 211]}, {"key": "at-any-time", "type": "clause", "offset": [239, 250]}, {"key": "for-any-reason", "type": "clause", "offset": [251, 265]}, {"key": "to-the-borrower", "type": "definition", "offset": [315, 330]}, {"key": "from-time-to-time", "type": "clause", "offset": [346, 363]}, {"key": "date-hereof", "type": "clause", "offset": [374, 385]}, {"key": "expiration-date", "type": "clause", "offset": [413, 428]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [436, 462]}, {"key": "swingline-cap", "type": "definition", "offset": [494, 507]}, {"key": "provided-that", "type": "definition", "offset": [509, 522]}, {"key": "after-giving", "type": "clause", "offset": [524, 536]}, {"key": "revolving-facility-usage", "type": "definition", "offset": [571, 595]}, {"key": "lesser-of", "type": "definition", "offset": [629, 638]}, {"key": "borrowing-base", "type": "definition", "offset": [647, 661]}, {"key": "the-revolving-credit-commitments", "type": "clause", "offset": [670, 702]}, {"key": "amount-of-indebtedness", "type": "clause", "offset": [726, 748]}, {"key": "applicable-notes-indenture-cap", "type": "definition", "offset": [791, 821]}, {"key": "the-borrower-shall", "type": "clause", "offset": [890, 908]}, {"key": "provide-the-administrative-agent", "type": "clause", "offset": [909, 941]}, {"key": "supporting-information", "type": "clause", "offset": [959, 981]}, {"key": "compliance-with-clause", "type": "clause", "offset": [1042, 1064]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [1078, 1107]}, {"key": "agent-shall", "type": "definition", "offset": [1139, 1150]}, {"key": "to-request", "type": "clause", "offset": [1170, 1180]}, {"key": "to-determine", "type": "definition", "offset": [1216, 1228]}, {"key": "entitled-to-assume", "type": "definition", "offset": [1277, 1295]}, {"key": "further-investigation", "type": "clause", "offset": [1309, 1330]}, {"key": "each-borrowing", "type": "clause", "offset": [1337, 1351]}, {"key": "time-and-amount", "type": "clause", "offset": [1452, 1467]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [1487, 1521]}, {"key": "pursuant-to", "type": "definition", "offset": [1567, 1578]}], "hash": "11ba3886711c04c003d197ea9e27a0c5", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRzd2luZy1sb2FucyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 1157, "parents": [["the-credits", "The Credits"], ["the-credit-facilities", "The Credit Facilities"], ["funding-of-loans", "Funding of Loans"], ["swing-line-facility", "Swing Line Facility"], ["funding-obligations-disbursement-of-funds", "Funding Obligations Disbursement of Funds"]], "title": "Swing Loans", "children": [["generally", "Generally"], ["participations", "Participations"], ["interest-on-swing-loans", "Interest on Swing Loans"], ["requests-for-swing-loans", "Requests for Swing Loans"], ["refunding-loans", "Refunding Loans"]], "id": "swing-loans", "related": [["revolving-loans", "Revolving Loans", "Revolving Loans"], ["swingline-loans", "Swingline Loans", "Swingline Loans"], ["swingline-advances", "Swingline Advances", "Swingline Advances"], ["swingline-loan-borrowings", "Swingline Loan Borrowings", "Swingline Loan Borrowings"], ["swing-line-loans", "Swing Line Loans", "Swing Line Loans"]], "related_snippets": [], "updated": "2026-04-22T04:28:35+00:00", "also_ask": [], "drafting_tip": null, "explanation": "A Swing Loans clause defines the terms under which short-term, interim financing is provided to bridge gaps between longer-term loans or funding events. Typically, this clause outlines the conditions for accessing swing loans, such as maximum amounts, interest rates, repayment schedules, and the specific circumstances that trigger their availability\u2014like covering temporary cash shortfalls or facilitating quick transactions before permanent financing is secured. Its core practical function is to ensure liquidity and financial flexibility for borrowers, addressing immediate funding needs while longer-term arrangements are finalized."}, "json": true, "cursor": ""}}