The Swing Line Advances. The Borrower may request the Swing Line ----------------------- Bank to make, and the Swing Line Bank 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 Initial Funding Date until the Revolving Credit Termination Date in a aggregate amount not to exceed at any time outstanding the lesser of (i)(x) $3,000,000 (the "Swing Line Facility"), minus (y) the aggregate Swing Line Advances outstanding at such time, and (ii) an amount equal to the aggregate of the Unused Revolving Credit Commitments of the Revolving Credit Lenders at such time. Each Swing Line Advance shall be in integral multiples of $50,000. 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 Borrowering shall bear interest at the rate established pursuant to the Fee Letter (the "Swing Line Rate"). Within the limits of the Swing Line Facility and within the limits referred to in this Section 2.01(c), the Borrower may borrow and reborrow under this Section 2.01(c) and may repay or prepay the Swing Line Advances at such time prior to the Revolving Credit Termination Date, and in such integral multiples, as the Borrower may elect.
Appears in 1 contract
Samples: Credit Agreement (Unidigital Inc)
The Swing Line Advances. The Borrower may request the Swing Line ----------------------- Bank to make, and the Swing Line Bank shall makeLender agrees, on the terms and conditions hereinafter set forth, to make advances (each, a “Swing Line Advances Advance”) to the Borrower from time to time on any Business Day during the period from the Initial Funding Closing Date until the Revolving Credit Commitment Termination Date in a an aggregate amount not to exceed at any time outstanding the Swing Line Commitment. Each Swing Line Borrowing shall be in an aggregate amount equal to the lesser of (i)(x) $3,000,000 (the "Swing Line Facility"), minus (yi) the aggregate Unused Swing Line Advances outstanding at such time, Commitments and (ii) $5,000,000 or an amount equal to the aggregate integral multiple of the Unused Revolving Credit Commitments of the Revolving Credit Lenders at such time$500,000 in excess thereof. Each All Swing Line Advance Advances shall be in integral multiples of $50,000. No Swing Line Advance made as Base Rate Advances and shall not be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowering shall bear interest at the rate established pursuant entitled to the Fee Letter (the "Swing Line Rate")be Converted into Eurodollar Rate Advances. Within the limits of the Swing Line Facility and within the limits referred to in this Section 2.01(c)Lender’s Swing Line Commitment, the Borrower may borrow under this Section 2.01(d), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(c) and may repay or prepay 2.01(d); provided that the Swing Line Lender shall not be permitted or required to make Swing Line Advances at such time prior to if, after giving effect thereto, the aggregate amount of available Revolving Credit Termination Date, and in such integral multiples, as the Borrower may electCommitments would be less than zero.
Appears in 1 contract
Samples: Credit Agreement (Tribune Co)
The Swing Line Advances. The Borrower may request the Swing Line ----------------------- Bank to make, and the Swing Line Bank shall make, unless it promptly notifies the Borrower of its reasonable objection to doing so, 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 Initial Funding Effective Date until the Revolving Credit Termination Date for the Swing Line Facility in a aggregate an amount (i) for all outstanding Swing Line Advances not to exceed at any time outstanding the lesser of (i)(x) $3,000,000 (the "Swing Line Facility"), minus (y) the aggregate Swing Line Advances outstanding at Facility on such time, Business Day and (ii) an amount equal for each such Swing Line Advance not to exceed the aggregate of the Unused Revolving Credit Commitments of the Revolving Credit Lenders at on such time. Each Swing Line Advance shall be in integral multiples of $50,000Business 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 Borrowering Advance shall bear interest at the rate established pursuant to the Fee Letter (the "Swing Line Rate")be in an amount of $1,000,000 or an integral multiple of $500,000 in excess thereof and shall be comprised of a Base Rate Advance. Within the limits of the first sentence of this Section 2.01(b), so long as the Swing Line Facility and within Bank has not notified the limits referred Borrower of its reasonable objection to in this Section 2.01(c)making Swing Line Advances, the Borrower may borrow under this Section 2.01(b), repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c) and may repay or prepay the Swing Line Advances at such time prior to the Revolving Credit Termination Date, and in such integral multiples, as the Borrower may elect2.01(b).
Appears in 1 contract
Samples: Credit Agreement (Caremark Rx Inc)
The Swing Line Advances. The Borrower may request the Swing Line ----------------------- Bank to make, and the Swing Line Bank shall makeLender agrees, on the terms and conditions hereinafter set forth, to make advances (each, a "Swing Line Advances Advance") to the Borrower from time to time on any Business Day during the period from the Initial Funding Original Effective Date until the Revolving Credit Commitment Termination Date in a an aggregate amount not to exceed at any time outstanding such Lender's Swing Line Commitment. Each Swing Line Borrowing shall be in an aggregate amount equal to the lesser of (i)(x) $3,000,000 (the "Swing Line Facility"), minus (yi) the aggregate Unused Swing Line Advances outstanding at such time, Commitments and (ii) $5,000,000 or an amount equal to the aggregate integral multiple of the Unused Revolving Credit Commitments of the Revolving Credit Lenders at such time$500,000 in excess thereof. Each All Swing Line Advance Advances shall be in integral multiples of $50,000. No Swing Line Advance made as Base Rate Advances and shall not be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowering shall bear interest at the rate established pursuant entitled to the Fee Letter (the "Swing Line Rate")be Converted into Eurodollar Rate Advances. Within the limits of the Swing Line Facility and within the limits referred to in this Section 2.01(c)Lender's Swing Line Commitment, the Borrower may borrow under this Section 2.01(d), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(c) and may repay or prepay 2.01(d); provided that the Swing Line Lender shall not be permitted or required to make Swing Line Advances at such time prior to if, after giving effect thereto, the Revolving Credit Termination Date, and in such integral multiples, as aggregate outstanding principal amount of all Swing Line Advances would exceed the Borrower may electthen existing Unused Swing Line Commitment.
Appears in 1 contract
Samples: Credit Agreement (Tribune Co)
The Swing Line Advances. The Borrower may request the Swing Line ----------------------- Bank to make, and the Swing Line Bank shall makeLender agrees, on the terms and conditions hereinafter set forth, to make advances (each, a "Swing Line Advances Advance") to the Borrower from time to time on any Business Day during the period from the Initial Funding Effective Date until the Revolving Credit Commitment Termination Date in a an aggregate amount not to exceed at any time outstanding such Lender's Swing Line Commitment. Each Swing Line Borrowing shall be in an aggregate amount equal to the lesser of (i)(x) $3,000,000 (the "Swing Line Facility"), minus (yi) the aggregate Unused Swing Line Advances outstanding at such time, Commitments and (ii) $5,000,000 or an amount equal to the aggregate integral multiple of the Unused Revolving Credit Commitments of the Revolving Credit Lenders at such time$500,000 in excess thereof. Each All Swing Line Advance Advances shall be in integral multiples of $50,000. No Swing Line Advance made as Base Rate Advances and shall not be used for the purpose of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowering shall bear interest at the rate established pursuant entitled to the Fee Letter (the "Swing Line Rate")be Converted into Eurodollar Rate Advances. Within the limits of the Swing Line Facility and within the limits referred to in this Section 2.01(c)Lender's Swing Line Commitment, the Borrower may borrow under this Section 2.01(d), prepay pursuant to Section 2.10 and reborrow under this Section 2.01(c) and may repay or prepay 2.01(d); provided that the Swing Line Lender shall not be permitted or required to make Swing Line Advances at such time prior to if, after giving effect thereto, the Revolving Credit Termination Date, and in such integral multiples, as aggregate outstanding principal amount of all Swing Line Advances would exceed the Borrower may electthen existing Unused Swing Line Commitment.
Appears in 1 contract
Samples: Credit Agreement (Tribune Co)
The Swing Line Advances. The Borrower Borrowers may jointly request the Swing Line ----------------------- Bank to make, and the Swing Line Bank shall 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 Borrowers jointly from time to time on any Business Day during the period from the Initial Funding Date date hereof until the Revolving Credit Termination Date (i) in a an aggregate amount not to exceed at any time outstanding the lesser of (i)(x) $3,000,000 50,000,000 (the "Swing Line FacilitySWING LINE FACILITY"), minus (y) the aggregate Swing Line Advances outstanding at such time, and (ii) in an amount equal for each such Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Working Capital Commitments of the Revolving Credit Lenders at such time. Each Swing Line Advance shall be in integral multiples of $50,000. 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 Borrowering Borrowing shall bear interest at the rate established pursuant to the Fee Letter (the "Swing Line Rate")be in an amount of $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 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 Borrowers may borrow under this Section 2.01(c2.01(b), the Borrower may borrow repay pursuant to Section 2.04(b) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c) and may repay or prepay the Swing Line Advances at such time prior to the Revolving Credit Termination Date, and in such integral multiples, as the Borrower may elect2.01(b).
Appears in 1 contract
Samples: Credit Agreement (Microage Inc /De/)
The Swing Line Advances. The Borrower may request the Swing Line ----------------------- Bank to make, and the Swing Line Bank shall 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 Initial Funding Date date hereof until the Revolving Credit Termination Date (i) in a an aggregate amount not to exceed at any time outstanding the lesser of (i)(x) $3,000,000 15,000,000 (the "Swing Line Facility"), minus (y) the aggregate Swing Line Advances outstanding at such time, and (ii) in an amount equal for each such Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Working Capital Commitments of the Revolving Credit Working Capital Lenders at such time. Each Swing Line Advance shall be in integral multiples of $50,000. 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 Borrowering Borrowing shall bear interest at the rate established pursuant to the Fee Letter (the "Swing Line Rate")be in an amount of $500,000 or an integral multiple 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 this Section 2.01(c)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(b) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c) and may repay or prepay the Swing Line Advances at such time prior to the Revolving Credit Termination Date, and in such integral multiples, as the Borrower may elect2.01(b).
Appears in 1 contract
Samples: Credit Agreement (Stage Stores Inc)
The Swing Line Advances. The Borrower may request the Swing Line ----------------------- Bank to make, and the Swing Line Bank shall may, if in its sole discretion it elects to do so, make, on the terms and conditions hereinafter set forth, Swing Line SwingLine Advances to the Borrower from time to time on any Business Day during the period from the Initial Funding Third Restatement Date until the Revolving Credit Termination Date (i) in a an aggregate amount not to exceed at any time outstanding the lesser of (i)(x) $3,000,000 (the "Swing Line Facility"), minus (y) the aggregate Swing Line Advances outstanding at such time, and (ii) in an amount equal for each such Swing Line Borrowing not to exceed the aggregate of the Unused Revolving Credit Working Capital Commitments of the Revolving Credit Working Capital Lenders at such time. Each Swing Line Advance shall be in integral multiples of $50,000. 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 Borrowering Borrowing shall bear interest at the rate established pursuant to the Fee Letter (the "Swing Line Rate")be in an amount of $250,000 or an integral multiple 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 this Section 2.01(c)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(e), repay pursuant to Section 2.04(c) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c) and may repay or prepay the Swing Line Advances at such time prior to the Revolving Credit Termination Date, and in such integral multiples, as the Borrower may elect2.01(e).
Appears in 1 contract
The Swing Line Advances. The Borrower may request the Swing Line ----------------------- Bank to make, and the Swing Line Bank shall 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 Initial Funding Date date hereof until the Revolving Credit Termination Date (i) in a an aggregate amount not to exceed at any time outstanding the lesser of (i)(x) $3,000,000 20,000,000 (the "Swing Line FacilitySWING LINE FACILITY"), minus (y) the aggregate Swing Line Advances outstanding at such time, and (ii) in an amount equal 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. Each Swing Line Advance shall be in integral multiples of $50,000. 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 Borrowering Borrowing shall bear interest at the rate established pursuant to the Fee Letter (the "Swing Line Rate")be in an amount of $1,000,000 or an integral multiple 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(c), the Borrower may borrow repay pursuant to Section 2.04(c) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(c) and may repay or prepay the Swing Line Advances at such time prior to the Revolving Credit Termination Date, and in such integral multiples, as the Borrower may elect).
Appears in 1 contract
Samples: Credit Agreement (Pacificare Health Systems Inc /De/)