Common use of The Swing Line Advances Clause in Contracts

The Swing Line Advances. The Swing Line Bank agrees on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrowers from time to time on any Business Day during the period from the Closing Date until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding the Swing Line Commitment (the “Swing Line Facility”) and (ii) in an amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Lenders at such time. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be made as a Base Rate Advance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, the Borrowers may borrow under this Section 2.01(b), repay pursuant to Section 2.04(c) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

Appears in 2 contracts

Samples: Revolving Credit Agreement (Building Materials Manufacturing Corp), Revolving Credit Agreement (BMCA Acquisition Sub Inc.)

AutoNDA by SimpleDocs

The Swing Line Advances. The Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to make, on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Date date hereof until the Revolving Credit Termination Date (i) in an aggregate amount not to exceed at any time outstanding the Swing Line Commitment $10,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Swing Line Borrowing not to exceed (after giving effect to any immediate application of the aggregate of proceeds thereof) the Unused Revolving Credit Commitments of the Lenders Availability at such time. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be made as a Base Prime Rate Advance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, the Borrowers Borrower may borrow under this Section 2.01(b), repay pursuant to Section 2.04(c) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b)2.1(d) and may repay or prepay the Swing Line Advances at such times prior to the Termination Date, and in such integral multiples, as the Borrower may elect.

Appears in 1 contract

Samples: Credit Agreement (Team Health Inc)

The Swing Line Advances. The Borrowers may request the Swing Line Bank agrees to make, and the Swing Line Bank shall make, on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrowers from time to time on any Business Day during the period from the Closing Date date hereof until the Revolving Termination Date (i) in an aggregate amount not to exceed at any time outstanding U.S.$15,000,000 (the "Swing Line Commitment (Sublimit"); provided that at such time the “Swing Line Facility”) and (ii) in an amount for each Total Current Exposure, after giving effect to such Swing Line Borrowing Borrowing, shall not to exceed the aggregate of the Unused Total Revolving Credit Commitments of the Lenders at such timeCommitment. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing Advance shall be made as a Base Rate Advance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) aboveSublimit, the Borrowers may borrow under this Section 2.01(b2.01(c), prepay pursuant to Section 2.05 or repay pursuant to Section 2.04(c) or prepay pursuant to Section 2.06(a) 2.07 and reborrow under this Section 2.01(b2.01(c).

Appears in 1 contract

Samples: Ninth Amendment (Fresh Del Monte Produce Inc)

The Swing Line Advances. The Swing Line Bank agrees on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Effective Date until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding the Swing Line Commitment (the “Swing Line Facility”"SWING LINE FACILITY") and (ii) in an amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Lenders at such time. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be made as a Base Rate Advance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, the Borrowers Borrower may borrow under this Section 2.01(b), repay pursuant to Section 2.04(c2.04(b) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Building Materials Manufacturing Corp)

AutoNDA by SimpleDocs

The Swing Line Advances. The Paxar may request the Swing Line Bank agrees to make, and the Swing Line Bank shall make, on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrowers Paxar from time to time on any Business Day during the period from the Closing Date date hereof until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding the Swing Line Commitment $5,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Lenders at such time. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of $100,000 or an integral multiple of $100,000 in excess thereof and shall be made as a Base Prime Rate AdvanceAdvance or shall bear interest at such other interest rate, if any, as may be agreed upon by Paxar and the Swing Line Bank. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, the Borrowers Paxar may borrow under this Section 2.01(b2.01(c), repay pursuant to Section 2.04(c2.07(c) or prepay pursuant to Section 2.06(a) 2.11 and reborrow under this Section 2.01(b2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Paxar Corp)

The Swing Line Advances. The Swing Line Bank agrees on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrowers Borrower from time to time on any Business Day during the period from the Closing Effective Date until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding the Swing Line Commitment (the “Swing Line Facility”"SWING LINE FACILITY") and (ii) in an amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Lenders at such time. No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be made as a Base Rate Advance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, the Borrowers Borrower may borrow under this Section 2.01(b2.01(c), repay pursuant to Section 2.04(c) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Building Materials Corp of America)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!