Common use of The Swing Line Note; Maturity Clause in Contracts

The Swing Line Note; Maturity. The Swing Line Loans made by the Swing Line Lender pursuant to this Section 2.4 shall be evidenced by a separate Swing Line Note. The Swing Line Note shall be issued on or before the Effective Date and shall bear interest for the period from the date of the initial funding of any Swing Line Loan until paid in full on the unpaid principal amount thereof. The Swing Line Lender is hereby authorized to record in its books and records (without making any notation on the Swing Line Note or any schedule thereto) the amount and date of funding of each Swing Line Loan made by it, and the amount and date of each payment or prepayment of any Swing Line Loan. No failure to so record nor any error in so recording shall affect the obligations of the Borrower to repay the actual outstanding principal amount of the Swing Line Loans, with interest thereon, as provided in this Agreement. The aggregate principal amount of the Swing Line Loans shall be payable on the Maturity Date, unless sooner accelerated pursuant to the terms of this Agreement.

Appears in 2 contracts

Samples: Pledge Agreement (Hagler Bailly Inc), Revolving Credit Agreement (Hagler Bailly Inc)

AutoNDA by SimpleDocs

The Swing Line Note; Maturity. The Swing Line Loans made by the Swing Line Lender pursuant to this Section 2.4 hereto shall be evidenced by a separate Swing Line Note. The Swing Line Note shall be issued on or before the Effective Date and shall bear interest for the period from the date of the initial funding of any Swing Line Loan until paid in full on the unpaid principal amount thereof. The Swing Line Lender is hereby authorized to record in its books and records (without making any notation on the Swing Line Note or any schedule thereto) the amount and date of funding of each Swing Line Loan made by it, and the amount and date of each payment or prepayment of any Swing Line Loan. No failure to so record nor any error in so recording shall affect the obligations of the Borrower to repay the actual outstanding principal amount of the Swing Line Loans, with interest thereon, as provided in this Agreement. The aggregate principal amount of the Swing Line Loans shall be payable on the Maturity Date, unless sooner accelerated pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Caci International Inc /De/)

The Swing Line Note; Maturity. The Swing Line Loans made by the ----------------------------- Swing Line Lender pursuant to this Section 2.4 hereto shall be evidenced by a separate Swing Line Note. The Swing Line Note shall be issued on or before the Effective Date and shall bear interest for the period from the date of the initial funding of any Swing Line Loan until paid in full on the unpaid principal amount thereof. The Swing Line Lender is hereby authorized to record in its books and records (without making any notation on the Swing Line Note or any schedule thereto) the amount and date of funding of each Swing Line Loan made by it, and the amount and date of each payment or prepayment of any Swing Line Loan. No failure to so record nor any error in so recording shall affect the obligations of the Borrower Borrowers to repay the actual outstanding principal amount of the Swing Line Loans, with interest thereon, as provided in this Agreement. The aggregate principal amount of the Swing Line Loans shall be payable on the Maturity Date, unless sooner accelerated pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Overnite Corp)

AutoNDA by SimpleDocs

The Swing Line Note; Maturity. The Swing Line Loans made by the Swing Line Lender pursuant to this Section 2.4 shall be evidenced by a separate Swing Line NoteNote for the Swing Line Lender. The Swing Line Note shall be issued on or before the Effective Date and shall bear interest for the period from the date of the initial funding of any Swing Line Loan until paid in full on the unpaid principal amount thereof. The Swing Line Lender is hereby authorized to record in its books and records (without making any notation on the Swing Line Note or any schedule thereto) the amount and date of funding of each Swing Line Loan made by it, and the amount and date of each payment or prepayment of any Swing Line Loan. No failure to so record nor any error in so recording shall affect the obligations of the Borrower to repay the actual outstanding principal amount of the Swing Line Loans, with interest thereon, as provided in this Agreement. The aggregate principal amount of the Swing Line Loans shall be payable on the earlier of (A) the maturity date agreed to by the Swing Line Lender and the Borrower with respect to such Swing Line Loan or (B) the Maturity Date, unless sooner accelerated pursuant to the terms of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Caci International Inc /De/)

Time is Money Join Law Insider Premium to draft better contracts faster.