Common use of The Swing Line Advances Clause in Contracts

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, Swing Line Advances to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $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 $250,000 or an integral multiple of $250,000 in excess thereof and 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 Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c).

Appears in 3 contracts

Samples: Revolving Credit Agreement (Digital Realty Trust, Inc.), Revolving Credit Agreement (Sunstone Hotel Investors, Inc.), Revolving Credit Agreement (Digital Realty Trust, Inc.)

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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, Swing Line Advances to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date for the Revolving Credit Facility applicable to the Swing Line Bank (i) in an aggregate outstanding amount not to exceed at any time outstanding $5,000,000 15,000,000 (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 Revolving Credit 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 $250,000 500,000 or an integral multiple of $250,000 100,000 in excess thereof and 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, above the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c).

Appears in 3 contracts

Samples: Security Agreement (Alliance Holdings GP, L.P.), Security Agreement (Alliance Resource Partners Lp), Security Agreement

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, Swing Line Advances denominated in Dollars to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $5,000,000 75,000,000 (the “Swing Line Facility”) and (ii) in an amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused U.S. Dollar 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 $250,000 or an integral multiple of $250,000 in excess thereof and 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 Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c).

Appears in 3 contracts

Samples: Revolving Credit Agreement (Digital Realty Trust, L.P.), Revolving Credit Agreement (Digital Realty Trust, L.P.), Revolving Credit Agreement (Digital Realty Trust, Inc.)

The Swing Line Advances. The Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to makeagrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances Advances, denominated in Dollars, to the Borrower Company from time to time on any Business Day during the period from the date hereof Closing Date until the Termination Date applicable to the US Revolving Credit Facility under clause (a) of the definition of “Termination Date” (i) in an aggregate amount not to exceed at any time outstanding $5,000,000 50,000,000 (the “Swing Line FacilitySublimit”) and (ii) in an amount for each such Swing Line Borrowing Advance not to exceed the aggregate of the Unused Revolving Credit Commitments of the US Revolving Lenders at immediately prior to the making of such timeSwing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Day. 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 $250,000 1,000,000 or an integral multiple of $250,000 500,000 in excess thereof and and, notwithstanding Section 2.10, shall be made as consist of a Base Rate AdvanceAdvance made by the Swing Line Bank. Within the limits of the Swing Line Facility Sublimit and within the limits referred to in clause (ii) above, the Borrower Company may borrow under this Section 2.01(c2.01(d), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.06(a) 2.11 and reborrow under this Section 2.01(c2.01(d).

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Sealed Air Corp/De), Syndicated Facility Agreement (Sealed Air Corp/De)

The Swing Line Advances. The Borrower may request the Each Swing Line Bank to make, and the Swing Line Bank agrees to makeseverally agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date applicable to such Swing Line Bank (i) in an aggregate amount not to exceed at any time outstanding (x) such Swing Line Bank’s Swing Line Commitment or (y) for all Swing Line Advances, $5,000,000 30,000,000 (the “Swing Line Facility”) and (ii) in an amount for each such Swing Line Borrowing Advance 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 $250,000 1,000,000 or an integral multiple of $250,000 1,000,000 in excess thereof and shall be made as a Base Rate Advancethereof. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.06(a) 2.10 and reborrow under this Section 2.01(c).

Appears in 2 contracts

Samples: Five Year Credit Agreement (Gatx Corp), Year Credit Agreement (Gatx Corp)

The Swing Line Advances. The U.S. Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to shall make, on the terms and conditions hereinafter set forth, Swing Line Advances to the U.S. Borrower from time to time on any Business Day during the period from the date hereof of the Original Credit Agreement until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding the lesser of (i) $5,000,000 10,000,000 (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 Revolving Credit 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 $250,000 500,000 or an integral multiple of $250,000 in excess thereof and 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 U.S. Borrower may borrow under this Section 2.01(c2.01(d), repay pursuant to Section 2.04(b2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(d).

Appears in 2 contracts

Samples: Credit Agreement (Accuride Corp), Credit Agreement (Accuride Corp)

The Swing Line Advances. The Any Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees may, if in its sole discretion it elects to do so, make, on the terms and conditions hereinafter set forth, Swing Line Advances to the such Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $5,000,000 10,000,000 (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 $250,000 500,000 or an integral multiple of $250,000 100,000 in excess thereof and shall be made bear interest as a Base Rate Advanceset forth in Section 2.07(b)(iii). Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, so long as the Borrower Swing Line Bank, in its sole discretion, elects to make Swing Line Advances, the Borrowers may borrow under this Section 2.01(c2.01(b), repay pursuant to Section 2.04(b2.04(e) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Amdocs LTD)

The Swing Line Advances. The Subject to Section 2.01(e), any Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to shall make, on the terms and conditions hereinafter set forth, Swing Line Advances to the relevant Borrower from time to time on any Business Day during on or after the period from the date hereof Closing Date until the Termination Date (i) in an aggregate amount not to exceed $50,000,000 at any time outstanding $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 $250,000 1,000,000 or an integral multiple of $250,000 in excess thereof and shall be made as a Base Rate Advance. Within the limits of the first sentence of this Section 2.01(c), so long as the Swing Line Facility and within the limits referred Bank, in its sole discretion, elects to in clause (ii) abovemake Swing Line Advances, the each Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.04(b2.04(c) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Alpharma Inc)

The Swing Line Advances. The U.S. Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to shall make, on the terms and conditions hereinafter set forth, Swing Line Advances to the U.S. Borrower from time to time on any Business Day during the period from the date hereof of this Agreement until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding the lesser of (i) $5,000,000 10,000,000 (the “Swing Line Facility”) and (ii) in an amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused U.S. Revolving Credit Commitments of the U.S. Revolving Credit 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 $250,000 500,000 or an integral multiple of $250,000 in excess thereof and 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 U.S. Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.04(b2.04(c) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Accuride Corp)

The Swing Line Advances. The U.S. Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to shall make, on the terms and conditions hereinafter set forth, Swing Line Advances to the U.S. Borrower from time to time on any Business Day during the period from the date hereof of this Agreement until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding the lesser of (i) $5,000,000 10,000,000 (the “Swing Line Facility”) and (ii) in an amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused U.S. Revolving Credit Commitments of the U.S. Revolving Credit 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 $250,000 500,000 or an integral multiple of $250,000 in excess thereof and 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 U.S. Borrower may borrow under this Section 2.01(c2.01(d), repay pursuant to Section 2.04(b2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(d).

Appears in 1 contract

Samples: Credit Agreement (Accuride Corp)

The Swing Line Advances. The Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees (so long as its obligations hereunder are not amended or modified without its consent) to make, on the terms and conditions hereinafter set forth, Swing Line Advances to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $5,000,000 3,000,000 (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 Revolving Credit Lenders at on such timeBusiness Day. 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 $250,000 or an integral multiple of $250,000 100,000 in excess thereof and shall be made as consist of a Base Rate Advance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.06(a2.05(a) and reborrow under this Section 2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Signature Brands Inc)

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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, Swing Line Advances to the Borrower from time to time on any Business Day during the period from the date hereof Closing Date until the Termination Date for the Revolving Credit Facility applicable to the Swing Line Bank (i) in an aggregate outstanding amount not to exceed at any time outstanding $5,000,000 15,000,000 (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 Revolving Credit 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 $250,000 500,000 or an integral multiple of $250,000 100,000 in excess thereof and shall be made as a Base Rate Daily SOFR Advance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, above the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.04(b2.04(c) or prepay pursuant to Section 2.06(a) or Section 2.06(b) or the other applicable provisions of this Agreement and reborrow under this Section 2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Alliance Resource Partners Lp)

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, Swing Line Advances to the Borrower from time to time on any Business Day during the period from the date hereof Closing Date until the Termination Date for the Revolving Credit Facility applicable to the Swing Line Bank (i) in an aggregate outstanding amount not to exceed at any time outstanding $5,000,000 15,000,000 (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 Revolving Credit 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 $250,000 500,000 or an integral multiple of $250,000 100,000 in excess thereof and shall be made as a Base Rate Daily SOFR Advance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, above the Borrower may borrow under this Section 2.01(c), repay pursuant to Section 2.04(b2.04(c) or prepay pursuant to Section 2.06(a) or Section 2.06(b) or the other applicable provisions of this Agreement and reborrow under this Section 2.01(c).. ​

Appears in 1 contract

Samples: Credit Agreement (Alliance Resource Partners Lp)

The Swing Line Advances. The Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees may, if in its sole discretion it elects to do so, make, on the terms and conditions hereinafter set forth, Swing Line Advances to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $5,000,000 10,000,000 (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 Working Capital 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 $250,000 500,000 or an integral multiple of $250,000 in excess thereof and 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, so long as the Swing Line Bank, in its sole discretion, elects to make Swing Line Advances, the Borrower may borrow under this Section 2.01(c2.01(b), repay pursuant to Section 2.04(b2.03(c) or prepay pursuant to Section 2.06(a2.05(a) and reborrow under this Section 2.01(c2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Imc Global Inc)

The Swing Line Advances. The Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to makeagrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances in U.S. dollars to the Borrower from time to time on any Business Day during the period from the date hereof Effective Date until the Termination Date in respect of the Revolving Credit Facility (i) in an aggregate amount not to exceed at any time outstanding $5,000,000 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 Revolving Credit 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 $250,000 100,000 or an integral multiple of $250,000 25,000 in excess thereof and 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 Borrower may borrow under this Section 2.01(c2.01(b), repay pursuant to Section 2.04(b2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Esterline Technologies Corp)

The Swing Line Advances. The Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to makeagrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances Advances, denominated in Dollars, to the Borrower Company from time to time on any Business Day during the period from the date hereof until the Termination Date applicable to the US Revolving Credit Facility under clause (ia) of the definition of “Termination Date”(i) in an aggregate amount not to exceed at any time outstanding $5,000,000 50,000,000 (the “Swing Line FacilitySublimit”) and (ii) in an amount for each such Swing Line Borrowing Advance not to exceed the aggregate of the Unused Revolving Credit Commitments of the US Revolving Lenders at immediately prior to the making of such timeSwing Line Advance. The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Day. 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 $250,000 1,000,000 or an integral multiple of $250,000 500,000 in excess thereof and and, notwithstanding Section 2.10, shall be made as consist of a Base Rate AdvanceAdvance made by the Swing Line Bank. Within the limits of the Swing Line Facility Sublimit and within the limits referred to in clause (ii) above, the Borrower Company may borrow under this Section 2.01(c2.01(d), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.06(a) 2.11 and reborrow under this Section 2.01(c2.01(d).

Appears in 1 contract

Samples: Syndicated Facility Agreement (Sealed Air Corp/De)

The Swing Line Advances. The Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to shall make, on the terms and conditions hereinafter set forth, Swing Line Advances to the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $5,000,000 40 million (the “Swing Line Facility”"SWING LINE FACILITY") and (ii) in an a minimum amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused Tranche A Revolving Credit Commitments of the Tranche A Revolving Credit 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 a minimum amount of $250,000 1 million or an integral multiple of $250,000 1 million in excess thereof and 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 Borrower may borrow under this Section 2.01(c2.01(e), repay pursuant to Section 2.04(b2.04(e) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(e).

Appears in 1 contract

Samples: Credit Agreement (Advance Paradigm Inc)

The Swing Line Advances. The Borrower may request the Swing Line Bank to make, and the Swing Line Bank agrees to makeagrees, on the terms and conditions hereinafter set forth, Swing Line Advances to make advances to the Borrower (each, a "SWING LINE ADVANCE") from time to time on any Business Day during the period from the date hereof until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $5,000,000 2,500,000 (the “Swing Line "SWING LINE Facility") and (ii) in an amount for each such Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Working Capital Commitments of the Working Capital 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 $250,000 or an integral multiple of $250,000 100,000 in excess thereof and 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, so long as the Swing Line Bank makes Swing Line Advances, the Borrower may borrow under this Section 2.01(c2.01(d), repay pursuant to Section 2.04(b2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c2.01(d).

Appears in 1 contract

Samples: Credit Agreement (Glenoit Asset Corp)

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