Common use of The Swing Line Advances Clause in Contracts

The Swing Line Advances. Each Swing Line Bank 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 until the Termination Date in an amount for each such Advance not to exceed the lesser of (i) such Swing Line Bank’s Swing Line Commitment at such time and (ii) the aggregate Unused Revolving Credit Commitments 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 $1,000,000 or an integral multiple of $1,000,000 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 clauses (i) and (ii) above, the Borrower may borrow under this Section 2.01(d), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) and reborrow under this Section 2.01(d).

Appears in 2 contracts

Samples: First Lien Credit Agreement (Landrys Restaurants Inc), Credit Agreement (Landrys Restaurants Inc)

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The Swing Line Advances. Each Swing Line Bank severally 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) the lesser of such Swing Line Bank’s Swing Line Commitment and such Swing Line Bank’s Unused Revolving Credit Commitment at such time or (y) for all Swing Line Advances, $50,000,000 (the “Swing Line Facility”) and (ii) in an amount for each such Advance not to exceed the lesser of (i) such Swing Line Bank’s Swing Line Commitment at such time and (ii) the aggregate 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 $1,000,000 or an integral multiple of $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 clauses (i) and (ii) above, the Borrower may borrow under this Section 2.01(d2.01(c), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) 2.10 and reborrow under this Section 2.01(d2.01(c).

Appears in 2 contracts

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

The Swing Line Advances. Each Swing Line Bank severally agrees, on the terms and conditions hereinafter set forth, to make Swing Line Advances denominated in Dollars to the 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 the Swing Line Facility and (ii) in an amount for each such Advance not to exceed the lesser Unused Commitments of (i) the Lenders on such Swing Line Bank’s Swing Line Commitment at such time and (ii) the aggregate Unused Revolving Credit Commitments at 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 $1,000,000 5,000,000 or an integral multiple of $1,000,000 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 clauses (i) and clause (ii) above, the Borrower Borrowers may borrow under this Section 2.01(d2.01(c), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) 2.10 and reborrow under this Section 2.01(d2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Jabil Circuit Inc)

The Swing Line Advances. Each Swing Line Bank severally 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 until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $100,000,000 (the "Swing Line Facility") and (ii) in an amount for each such Advance not to exceed the lesser Unused Commitments of (i) the Lenders on such Swing Line Bank’s Swing Line Commitment at such time and (ii) the aggregate Unused Revolving Credit Commitments at 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 $1,000,000 5,000,000 or an integral multiple of $1,000,000 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 clauses (i) and clause (ii) above, the Borrower may borrow under this Section 2.01(d2.01(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(d2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Washington Post Co)

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The Swing Line Advances. Each Swing Line Bank severally 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) the lesser of such Swing Line Bank’s Swing Line Commitment and such Swing Line Bank’s Unused Revolving Credit Commitment at such time or (y) for all Swing Line Advances, $30,000,000 (the “Swing Line Facility”) and (ii) in an amount for each such Advance not to exceed the lesser of (i) such Swing Line Bank’s Swing Line Commitment at such time and (ii) the aggregate 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 $1,000,000 or an integral multiple of $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 clauses (i) and (ii) above, the Borrower may borrow under this Section 2.01(d2.01(c), repay pursuant to Section 2.04(d) or prepay pursuant to Section 2.06(a) 2.10 and reborrow under this Section 2.01(d2.01(c).

Appears in 1 contract

Samples: Credit Agreement (Gatx Corp)

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