The Multicurrency Swing Line Loans Sample Clauses

The Multicurrency Swing Line Loans. Subject to all of the terms and conditions hereof, LaSalle Bank National Association (the "Multicurrency Swing Line Bank") agrees to make loans denominated in Alternative Swing Line Currencies to each and any Borrower ("Multicurrency Swing Line Loans") in amounts such that the Original Dollar Amount of (i) all Multicurrency Swing Line Loans and Foreign Credit L/C Obligations outstanding hereunder shall not exceed the Multicurrency Swing Line Commitment and (ii) all Revolving Loans (whether Committed Revolving Loans or Swing Line Loans) and L/C Obligations at any time outstanding hereunder shall not exceed the Revolving Credit Commitments then in effect minus, until the IBICO GmbH Pledge Event has occurred, $10,000,000 (or, if less, the Borrowing Base as then determined and computed in accordance with the terms hereof). The Multicurrency Swing Line Commitment shall be available to each and any Borrower and may be availed of by each Borrower from time to time and Borrowings thereunder may be repaid and used again during the period ending on the Revolving Credit Termination Date. Each Multicurrency Swing Line Loan shall be a Eurocurrency Loan subject to Section 2.1(b) hereof and the other terms and provisions hereof applicable to Eurocurrency Loans denominated in the same Alternative Swing Line Currency, other than the provisions of Section 1.2 applicable only to Committed Revolving Loans and the provisions of Section 2.2.
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The Multicurrency Swing Line Loans. Samsonite Europe may ---------------------------------- request any Multicurrency Swing Line Lender to make, and such Multicurrency Swing Line Lender may, if in its sole discretion it elects to do so, and without any commitment whatsoever by any such Multicurrency Swing Line Lender to do so, make, on the terms and conditions hereinafter set forth, Multicurrency Swing Line Loans to Samsonite Europe from time to time on any Business Day during the period from the date hereof until the Revolving Multicurrency Loan Maturity Date in an aggregate amount not to exceed at any time outstanding $10,000,000 (or the Dollar Equivalent thereof in the applicable Optional Currencies) (the "Multicurrency Swing Line Facility"), provided, however, that while the outstanding Dollar -------- ------- Equivalent amount of all outstanding Multicurrency Swing Line Loans and outstanding Revolving Multicurrency Loans made by either (a) a Multicurrency Lender may exceed such Multicurrency Lender's Revolving Multicurrency Commitment or (b) the Fronting Bank may exceed the Non- Multicurrency Lenders' Commitments, the aggregate Dollar Equivalent amount of all Multicurrency Swing Line Loans outstanding shall not exceed the Total Revolving Multicurrency Commitment less all Revolving ---- Multicurrency Loans outstanding less the Maximum Drawing Amount and ---- all Foreign Unpaid Reimbursement Obligations with respect to all Foreign Letters of Credit. No Multicurrency Swing Line Loan shall be used for the purpose of funding the payment of principal of any other Multicurrency Swing Line Loan or of any Swing Line Loan. Each Multicurrency Swing Line Borrowing shall be in a Dollar Equivalent amount in Belgian francs equal to $100,000 or an integral multiple thereof, shall be denominated only in Belgian francs and shall bear interest at the BIBOR Rate plus the Applicable Margin set forth in the column headed "Eurodollar Rate Loans (other than the Domestic Term Loan), Multicurrency Loans, and Multicurrency Swing Line Loans". Multicurrency Swing Line Loans must bear interest at such a rate determined by reference to the BIBOR Rate only, and shall not be eligible to bear interest at a rate determined by reference to the Eurocurrency Rate. Within the limits of the Multicurrency Swing Line Facility and within the limits referred to in (S)4.2.1(b) above, so long as any Multicurrency Swing Line Lender, in its sole discretion, elects to make Multicurrency Swing Line Loans, Samsonite Europe may borrow un...
Sample 1
The Multicurrency Swing Line Loans. 15 Section 4.1. The Multicurrency Swing Line Loans....................................................15 Section 4.2. Requests for Multicurrency Swing Line Loans...........................................15 Section 4.3. The Participating Interests...........................................................16 Section 4.4. Indemnification.......................................................................17 SECTION 5 GENERAL PROVISIONS APPLICABLE TO ALL LOANS............................................17
Sample 1

Related to The Multicurrency Swing Line Loans

  • Swing Line Loans The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date ten Business Days after such Loan is made and (ii) the Maturity Date for the Revolving Credit Facility.

  • Swing Line Advances The Borrower shall repay to the Administrative Agent for the account of the Swing Line Bank and each other Revolving Credit Lender that has made a Swing Line Advance the outstanding principal amount of each Swing Line Advance made by each of them on the earlier of the maturity date specified in the applicable Notice of Swing Line Borrowing (which maturity shall be no later than the seventh day after the requested date of such Borrowing) and the Termination Date.

  • Amount of Swing Line Loans Upon the satisfaction of the conditions precedent set forth in Section 4.2 and, if such Swing Line Loan is to be made on the date of the initial Credit Extension hereunder, the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the Restatement Effective Date and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans in Dollars to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that (i) the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment and (ii) at no time shall the sum of (a) the Swing Line Loans then outstanding, plus (b) the outstanding Revolving Loans made by the Swing Line Lender pursuant to Section 2.1 (including its participation in any Facility LCs), exceed the Swing Line Lender’s Commitment at such time. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date.

  • Revolving Credit Advances The Borrower shall repay to the Administrative Agent for the ratable account of the Lenders on the Termination Date the aggregate outstanding principal amount of the Revolving Credit Advances then outstanding.

  • Swing Line Loans Commitments During the Revolving Commitment Period, subject to the terms and conditions hereof, Swing Line Lender shall make Swing Line Loans in Dollars to Borrower in the aggregate amount up to but not exceeding the Swing Line Sublimit; provided, that after giving effect to the making of any Swing Line Loan, in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect. Amounts borrowed pursuant to this Section 2.3 may be repaid and reborrowed during the Revolving Commitment Period. Swing Line Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Swing Line Loans and all other amounts owed hereunder with respect to the Swing Line Loans and the Revolving Commitments shall be paid in full no later than such date.

  • Revolving Credit Loans The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders on the applicable Maturity Date for the Revolving Credit Facilities of a given Class the aggregate principal amount of all of its Revolving Credit Loans of such Class outstanding on such date.

  • Revolving Credit Loan The Borrower hereby requests a [Revolving Credit Loan under §2.1] [Swing Loan under §2.5] of the Credit Agreement: Principal Amount: $ Type (LIBOR Rate, Base Rate): Drawdown Date: Interest Period for LIBOR Rate Loans: by credit to the general account of the Borrower with the Agent at the Agent’s Head Office. [If the requested Loan is a Swing Loan and the Borrower desires for such Loan to be a LIBOR Rate Loan following its conversion as provided in §2.5(d), specify the Interest Period following conversion: ]

  • The Swing Line Advances (a) Subject to the terms and conditions hereof, each Swing Line Lender agrees to make a portion of the credit otherwise available to the Parent Borrower under the Commitments from time to time during the Commitment Period by making swing line advances (“Swing Line Advances”) to the Parent Borrower in Dollars; provided that (i) the aggregate principal amount of Swing Line Advances outstanding at any time shall not exceed the Swing Line Commitment then in effect (notwithstanding that the Swing Line Advances of any Swing Line Lender outstanding at any time, when aggregated with such Swing Line Lender’s other outstanding Revolving Credit Advances, may exceed the Swing Line Commitment then in effect), (ii) the Parent Borrower shall not request, and no Swing Line Lender shall make, any Swing Line Advance if, after giving effect to the making of such Swing Line Advance, the aggregate amount of the Available Commitments would be less than zero, (iii) no Swing Line Lender shall make any Swing Line Advance without first confirming with the Agent that, after giving effect to the making of such Swing Line Advance, the aggregate amount of the Available Commitments would be greater than or equal to zero and (iv) such Swing Line Advances shall be Base Rate Advances. During the Commitment Period, the Parent Borrower may use the Swing Line Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swing Line Advances shall be Base Rate Advances only.

  • New Swing Line Loans/Letters of Credit Notwithstanding anything in this Agreement to the contrary, so long as any Lender is a Defaulting Lender, (i) the Swing Line Lender shall not be required to fund any Swing Line Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swing Line Loan and (ii) no L/C Issuer shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

  • Swing Line Facility Subject to the terms and conditions set forth herein, the Swing Line Lender, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, may in its sole discretion make loans (each such loan, a “Swing Line Loan”) to the Borrower in Dollars from time to time on any Business Day during the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Percentage of the Outstanding Amount of Revolving Loans and L/C Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Revolving Commitment; provided, however, that (i) after giving effect to any Swing Line Loan, (A) the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments and (B) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Commitment, (ii) the Borrower shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan and (iii) the Swing Line Lender shall not be under any obligation to make any Swing Line Loan if it shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lender’s Applicable Percentage times the amount of such Swing Line Loan.

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