Swingline Loans; Settlement. (a) To fulfill any request for a Base Rate Revolver Loan hereunder, Agent may in its discretion advance Swingline Loans to Borrowers, up to an aggregate outstanding amount equal to 20% of the Revolver Commitments then outstanding. Swingline Loans shall constitute Revolver Loans for all purposes, except that payments thereon shall be made to Agent for its own account until settled with or funded by Lenders hereunder.
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Samples: Loan, Guaranty and Security Agreement (ArcLight Clean Transition Corp.)
Swingline Loans; Settlement. (a) To fulfill any request for a Base Rate Revolver Loan hereunder, Agent may in its discretion Permitted Discretion advance Swingline Loans to Borrowers, up to an aggregate outstanding amount equal to 20% of the Revolver Commitments then outstanding$2,000,000. Swingline Loans shall constitute Revolver Loans for all purposes, except that payments thereon shall be made to Agent for its own account until settled with or Lenders have funded by Lenders hereundertheir participations therein as provided below.
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Samples: Loan, Security and Guarantee Agreement (AutoWeb, Inc.)
Swingline Loans; Settlement. (a) To fulfill any request for a Base Floating Rate Revolver Loan hereunder, Agent may in its discretion advance Swingline Loans to Borrowers, up to an aggregate outstanding amount equal to 2010% of the Revolver Commitments then outstandingCommitments. Swingline Loans shall constitute Revolver Loans for all purposes, except that payments thereon shall be made to Agent for its own account until settled with or funded by Lenders hereunder.
Appears in 1 contract
Swingline Loans; Settlement. (a) To fulfill any request for a Base Rate Revolver Loan hereunder, Agent may in its discretion advance Swingline Loans to Borrowers, up to an aggregate outstanding amount equal to 20of 10% of the aggregate Revolver Commitments then outstandingCommitments. Swingline Loans shall constitute Revolver Loans for all purposes, except that payments thereon shall be made to Agent for its own account until settled with or Lenders have funded by Lenders hereunder.their participations therein as provided below. β
Appears in 1 contract
Samples: Loan and Security Agreement (Adara Acquisition Corp.)
Swingline Loans; Settlement. (a) To fulfill any request for a Base Rate Revolver Loan hereunder, Agent may in its discretion advance Swingline Loans to Borrowers, up to an aggregate outstanding amount equal to 20% of the Revolver Commitments then outstanding$4,500,000. Swingline Loans shall constitute Revolver Loans for all purposes, except that payments thereon shall be made to Agent for its own account until settled with or Lenders have funded by Lenders hereundertheir participations therein as provided below.
Appears in 1 contract
Samples: Loan and Security Agreement (Hydrofarm Holdings Group, Inc.)