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 any 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 $25,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance not to exceed the Unused Commitments of the Lenders immediately prior to the making of such 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 $1,000,000 or an integral multiple thereof and shall consist of a Base Rate Advance made by the Swing Line Bank. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any Borrower may borrow under this 2.01(b), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (Interpublic Group of Companies Inc), Credit Agreement (Interpublic Group of Companies Inc)

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The Swing Line Advances. The Swing Line Bank agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances to any 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 $25,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance not to exceed the Unused Commitments of the Lenders immediately prior to the making of such 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 $1,000,000 2,500,000 or an integral multiple of $500,000 in excess thereof and shall consist of a Base Rate Advance made by the Swing Line Bank. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any Borrower may borrow under this 2.01(b), prepay pursuant to Section 2.10 2.11 and reborrow under this Section 2.01(b).

Appears in 2 contracts

Samples: Credit Agreement (Sealed Air Corp/De), Five Year Credit Agreement (Sealed Air Corp/De)

The Swing Line Advances. The Each Swing Line Bank severally agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances denominated in Dollars to any the Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date applicable to such Swing Line Bank (i) in an aggregate amount not to exceed at any time outstanding $25,000,000 (the "Swing Line Facility") and such Swing Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Advance not to exceed the Unused Commitments of the Lenders immediately prior to the making of on such 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 $1,000,000 or an integral multiple of $1,000,000 in excess thereof and shall consist of a Base Rate Advance made by the Swing Line BankAdvance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any the Borrower may borrow under this 2.01(bSection 2.01(c), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(b2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Ryland Group Inc)

The Swing Line Advances. The Borrower may request the Swing Line Bank agreesto make, and the Swing Line Bank agrees to make, on the terms and conditions hereinafter set forth, to make Swing Line Advances to any 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 $25,000,000 1,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Lenders immediately prior to the making of at such Advance The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. 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 $1,000,000 250,000 or an integral multiple of $250,000 in excess thereof and shall consist of be made as a Base Rate Advance made by the Swing Line BankAdvance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any the Borrower may borrow under this 2.01(bSection 2.01(c), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.10 2.06(a) and reborrow under this Section 2.01(b2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Affordable Residential Communities Inc)

The Swing Line Advances. The Borrower may request the Swing Line Bank agreesto make, and the Swing Line Bank agrees to make, on the terms and conditions hereinafter set forth, to make Swing Line Advances to any 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 outstanding amount not to exceed at any time outstanding $25,000,000 10,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Lenders immediately prior to the making of at such Advance The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. 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 $1,000,000 500,000 or an integral multiple of $100,000 in excess thereof and shall consist of be made as a Base Rate Advance made by the Swing Line BankAdvance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any above the Borrower may borrow under this Section 2.01(b), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.10 2.06(a) and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Alliance Resource Partners Lp)

The Swing Line Advances. The Borrower may request the Swing Line Bank agreesto make, and the Swing Line Bank shall make, on the terms and conditions hereinafter set forth, to make Swing Line Advances to any 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 $25,000,000 30,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Lenders immediately prior to the making of at such Advance The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. 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 $1,000,000 100,000 or an integral multiple of $1,000 in excess thereof and shall consist of be made as a Base Rate Advance made by the Swing Line BankAdvance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any the Borrower may borrow under this Section 2.01(b), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.10 2.06(a) and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Year Credit Agreement (Warnaco Group Inc /De/)

The Swing Line Advances. The Swing Line Bank agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances to any 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 $25,000,000 15,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance not to exceed the Unused Revolving Credit Commitments of the Lenders immediately prior to the making of such Advance 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 $1,000,000 or an integral multiple thereof and shall consist of a Base Rate Advance made by the Swing Line Bank. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any the Borrower may borrow under this 2.01(b2.01(c), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(b2.01(c).

Appears in 1 contract

Samples: York International Corp /De/

The Swing Line Advances. The Swing Line Bank agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances denominated in Dollars to any 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 $25,000,000 the Equivalent of €10,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance not to exceed the Unused Commitments of the Lenders immediately prior to the making of such 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 $1,000,000 or an integral multiple of $500,000 in excess thereof and shall consist of a Base Rate Advance made by the Swing Line Bank. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any Borrower may borrow under this 2.01(b), prepay pursuant to Section 2.10 2.09 and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Sealed Air Corp/De)

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The Swing Line Advances. The Each Swing Line Bank severally agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances to any 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 the lesser of (x) $25,000,000 10,000,000 (the "Swing Line Facility") or (y) such Swing Line Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Advance not to exceed the Unused Commitments of the Lenders immediately prior to the making of on such 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 $1,000,000 or an integral multiple thereof and shall consist of a Base Rate Advance made by the Swing Line Bank$1,000,000 in excess thereof. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any the Borrower may borrow under this 2.01(bSection 2.01(c), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(b2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Sra International Inc)

The Swing Line Advances. The Borrower may request the Swing Line Bank agreesto make, and the Swing Line Bank agrees to make, on the terms and conditions hereinafter set forth, to make Swing Line Advances to any 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 $25,000,000 10,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Commitments of the Lenders immediately prior to the making of at such Advance The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. 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 $1,000,000 250,000 or an integral multiple of $250,000 in excess thereof and shall consist of be made as a Base Rate Advance made by the Swing Line BankAdvance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any the Borrower may borrow under this 2.01(bSection 2.01(c), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.10 2.06(a) and reborrow under this Section 2.01(b2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Sunstone Hotel Investors, Inc.)

The Swing Line Advances. The Swing Line Bank agrees, agrees on the terms and conditions hereinafter set forth, forth to make Swing Line Advances to any 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 LSP Gen Finance First Lien Credit Agreement an aggregate amount not to exceed at any time outstanding $25,000,000 (the "Swing Line Facility") Bank’s Swing Line Commitment at such time and (ii) in an amount for each such Advance Swing Line Borrowing not to exceed the aggregate Unused Working Capital Commitments of the Working Capital Lenders immediately prior to the making of at such Advance The Swing Line Bank agrees to make one or more Swing Line Advances on any Business Daytime. 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 an a minimum amount of $1,000,000 500,000 or an integral multiple of $100,000 in excess thereof and shall consist of be made as a Base Rate Advance made by the Swing Line BankAdvance. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any the Borrower may borrow under this 2.01(bSection 2.01(d), prepay repay pursuant to Section 2.10 2.04(a) and reborrow under this Section 2.01(b2.01(d).

Appears in 1 contract

Samples: First Lien Credit Agreement (Dynegy Inc /Il/)

The Swing Line Advances. The Swing Line Bank agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances to any 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 $25,000,000 (the "Swing Line FacilitySWING LINE FACILITY") and (ii) in an amount for each such Advance not to exceed the Unused Commitments of the Lenders immediately prior to the making of such 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 $1,000,000 or an integral multiple thereof and shall consist of a Base Rate Advance made by the Swing Line Bank. Within the limits of the Swing Line Facility and within the limits referred to in clause (ii) above, any Borrower may borrow under this 2.01(b), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Interpublic Group of Companies Inc)

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