Common use of The Swing Line Advances Clause in Contracts

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the Borrower may request the Swing Line Bank to make, and the Swing Line Bank 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 in Dollars from time to time on any Business Day during the period from the Closing Date until the Termination Date (i) in an aggregate amount for all Swing Line Advances not to exceed at any time outstanding $60,000,000 (the “Swing Line Facility”) and (ii) if made pursuant to Section 2.02(b)(i), in an amount not at any time exceeding the amount of the then applicable Swing Line Reserve. 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 a minimum amount of no less than $100,000 and in multiples of $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, in its sole discretion, elects to make Swing Line Advances, the Borrower may borrow under this Section 2.01(b), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

Appears in 3 contracts

Samples: Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc)

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The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the Borrower may request the Swing Line Bank to make, and the Swing Line Bank 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 in Dollars 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 for all Swing Line Advances not to exceed at any time outstanding $60,000,000 40,000,000 (the “Swing Line Facility”) and (ii) if made pursuant to Section 2.02(b)(i), in an amount not at any time exceeding the amount of the then applicable Swing Line Reserve. 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 a minimum amount of no less than $100,000 and in multiples of $100,000 in excess thereof, as agreed between the Borrower and the Swing Line Bank 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(b), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc)

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the Borrower may request the Swing Line Bank to make, and the Swing Line Bank 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 in Dollars 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 for all Swing Line Advances not to exceed at any time outstanding $60,000,000 50,000,000 (the “Swing Line Facility”) and (ii) if made pursuant to Section 2.02(b)(i), in an amount not at any time exceeding the amount of the then applicable Swing Line Reserve. 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 a minimum amount of no less than $100,000 and in multiples of $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, in its sole discretion, elects to make Swing Line Advances, the Borrower may borrow under this Section 2.01(b), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (Steel Dynamics Inc), Credit Agreement (Steel Dynamics Inc)

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the Borrower may request the The Swing Line Bank to make, and the Swing Line Bank may, if in its sole discretion it elects to do so, makeagrees, on the terms and conditions hereinafter hereafter set forth, to make Swing Line Advances to the Borrower in Dollars Borrowers from time to time on any Business Day during the period from the Closing Date date hereof until the Termination Date denominated in Dollars or Euro (i) in an aggregate amount for all (based in respect of any Swing Line Advances to be denominated in Euro by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Swing Line Borrowing) not to exceed at any time outstanding $60,000,000 100,000,000 (the “Swing Line Facility”) and (ii) if made pursuant to Section 2.02(b)(i), in an amount for each such Advance not at any time exceeding to exceed the amount Unused Commitments of the then applicable Swing Line ReserveLenders on such 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 a minimum an amount of no not less than $100,000 and in multiples of $100,000 the Swing Line Borrowing Minimum or a Swing Line Borrowing Multiple in excess thereof, thereof and shall be made consist of an Advance bearing interest as a Base Rate Advanceprovided in Section 2.07(a)(ii). 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 Borrowers may borrow under this Section 2.01(b), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) 2.10 and reborrow under this Section 2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (PPG Industries Inc), Credit Agreement (PPG Industries Inc)

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the Borrower may request the Swing Line Bank to make, and the Swing Line Bank 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 in Dollars from time to time on any Business Day during the period from the Closing Date until the Termination Date (i) in an aggregate amount for all Swing Line Advances not to exceed at any time outstanding $60,000,000 (the “Swing Line Facility”) and (ii) if made pursuant to Section 2.02(b)(i), in an amount not at any time exceeding the amount of the then applicable Swing Line Reserve. 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 a minimum amount of no less than $100,000 and in multiples of $100,000 in excess thereof, and shall be made as a Base Rate Advance or Daily SOFR Rate Advance, as further provided herein. 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(b), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Steel Dynamics Inc)

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the Borrower may request the Each Swing Line Bank to make, and the Swing Line Bank may, if in its sole discretion it elects to do so, makeagrees, on the terms and conditions hereinafter hereafter set forth, to make Swing Line Advances to the Borrower in Dollars Borrowers from time to time on any Business Day during the period from the Closing Date date hereof until the Termination Date (i) denominated in Dollars or Euro in an aggregate amount for all (based in respect of any Swing Line Advances to be denominated in Euro by reference to the Equivalent thereof in Dollars determined on the date of delivery of the applicable Notice of Swing Line Borrowing), (i) with respect to each Swing Line Bank, not to exceed at any time outstanding $60,000,000 100,000,000 and (ii) that will not result in such Lender's Revolving Credit Exposure exceeding such Lender’s Commitment (the “Swing Line Facility”) and (ii) if made pursuant to Section 2.02(b)(i), in an amount not at any time exceeding the amount of the then applicable Swing Line Reserve. 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 a minimum an amount of no not less than $100,000 and in multiples of $100,000 the Swing Line Borrowing Minimum or a Swing Line Borrowing Multiple in excess thereof, thereof and shall be made consist of an Advance bearing interest as a Base Rate Advanceprovided in Section 2.06(a)(ii). 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 Borrowers may borrow under this Section 2.01(b), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) 2.09 and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (PPG Industries Inc)

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the A Subsidiary Borrower may request the ----------------------- respective Swing Line Bank Lender to make, and the such Swing Line Bank may, if in its sole discretion it elects to do so, make, Lender shall on the terms and conditions hereinafter set forth, make Swing Line Advances to the Borrower in Dollars or the respective Alternative Currency to such Subsidiary 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 for amount, when combined with all Swing Line Advances of all Swing Line Lenders, not to exceed at any time outstanding $60,000,000 (the aggregate Swing Line Facility”) Commitment of all Swing Line Lenders at such time and (ii) if made pursuant to Section 2.02(b)(i), in an amount not at any time exceeding the amount of the then applicable amount, when combined with all Swing Line ReserveAdvances by such Swing Line Lender, not to exceed the Swing Line Commitment of such Swing Line Lender 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 Advance shall be in a minimum an amount of no less than $100,000 and in multiples of $100,000 (or its equivalent in excess thereof, the respective Alternative Currency) or an integral multiple thereof and shall bear interest at a rate to be made as a Base Rate Advanceagreed on by the respective Subsidiary Borrower and the respective Swing Line Lender. 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 Advancesfirst sentence of this Section 2.01(b), the respective Subsidiary Borrower may borrow under this Section 2.01(b), repay pursuant to Section 2.04(d) or 2.05(b), prepay pursuant to Section 2.06(a2.10(b) and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Gap Inc)

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the The Borrower may request the Swing Line Bank to make, and the Swing Line Bank may, if in its sole discretion it elects to do so, make, on the terms and conditions hereinafter set forthforth and in reliance upon the agreements of the other Lenders set forth in this Agreement, Swing Line Advances to the Borrower in Dollars from time to time on any Business Day during the period from the Closing Date until the Revolving Credit Termination Date (i) in an aggregate amount for all Swing Line Advances not to exceed at any time outstanding the lesser of (i) $60,000,000 2,000,000 (the “Swing Line Facility”) and (ii) if made pursuant (after giving effect to Section 2.02(b)(i), in an amount not at any time exceeding the amount immediate application of the then applicable Swing Line Reserveproceeds thereof) the Revolving Credit 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 Prime Rate Advance and shall be in a minimum an aggregate amount of no not less than $100,000 and in multiples of $100,000 in excess thereof, and shall be made as a Base Rate Advance100,000. 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(b), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b)2.1(c) 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 (Cantel Medical Corp)

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The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the Borrower may request the Swing Line Bank to make, and the Swing Line Bank 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 in Dollars 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 for all Swing Line Advances not to exceed at any time outstanding $60,000,000 20,000,000 (the “Swing Line Facility”) and (ii) if made pursuant to Section 2.02(b)(i), in an amount not at any time exceeding the amount of the then applicable Swing Line Reserve. 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 a minimum amount of no less than $100,000 and in multiples of $100,000 in excess thereof, as agreed between the Borrower and the Swing Line Bank 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(b), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Steel Dynamics Inc)

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the The Borrower may request the Swing Line Bank to make, and the Swing Line Bank 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 in Dollars 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 principal amount for all Swing Line Advances not to exceed at any time outstanding $60,000,000 10,000,000 (the "Swing Line Facility") and (ii) if made pursuant to Section 2.02(b)(i), in an amount for each such Swing Line Borrowing not at any time exceeding to exceed the amount Unused Commitment of the then applicable Swing Line ReserveBank 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 a minimum an amount of no less than $100,000 and in multiples 1,000,000 or an integral multiple of $100,000 in excess thereof, 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(b), repay pursuant to Section 2.04(d2.05(b) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Crowley Maritime Corp)

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the The Borrower may request the Swing Line Bank to make, and the Swing Line Bank 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 in Dollars 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 for all Swing Line Advances not to exceed at any time outstanding $60,000,000 10,000,000 (the "Swing Line Facility”) and (ii) if made pursuant to Section 2.02(b)(i"), in an amount not at any time exceeding the amount of the then applicable Swing Line Reserve. 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 a minimum amount of no less than $100,000 and in multiples of $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) aboveFacility, 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(b2.01(d), repay pursuant to Section 2.04(d) 2.03 or prepay pursuant to Section 2.06(a2.04(c) and reborrow under this Section 2.01(b2.01(d). Upon the occurrence and during the continuance of a Default or an Event of Default, and following receipt by the Swing Line Bank of written notice from the Agent not to make further Swing Line Advances (which the Agent may send in its discretion and shall send upon the request of the Required Lenders), the Borrower may not request and the Swing Line Bank shall not make, Swing Line Advances. The Swing Line Bank shall not knowingly waive any conditions set forth in Article III in connection with any Swing Line Advance without the prior written consent of the Required Lenders.

Appears in 1 contract

Samples: Credit Agreement (Providence Journal Co)

The Swing Line Advances. Subject to other arrangements as referred to in Section 2.02(b)(i), the Borrower The Borrowers may jointly request the Swing Line Bank to make, and the Swing Line Bank 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 in Dollars Borrowers jointly from time to time on any Business Day during the period from the Closing Date date of entry of the Interim Order until the Termination Date (i) in an aggregate amount for all Swing Line Advances not to exceed at any time outstanding $60,000,000 25,000,000 (the “Swing Line Facility”"SWING LINE FACILITY") and (ii) if made pursuant to Section 2.02(b)(i), in an amount for each such Swing Line Borrowing not at any time exceeding to exceed the amount aggregate of the then applicable Swing Line ReserveUnused 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 a minimum an amount of no less than $100,000 and in multiples 1,000,000 or an integral multiple of $100,000 250,000 in excess thereof, 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 Borrowers may borrow under this Section 2.01(b), repay pursuant to Section 2.04(d2.04(b) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Microage Inc /De/

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