Common use of The Swing Loans Clause in Contracts

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrowers (i) in an amount not to exceed Availability as of such Business Day and (ii) in an aggregate amount (including all Swing Loans outstanding as of such Business Day) not to exceed $15,000,000.

Appears in 4 contracts

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

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The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrowers (i) in an amount not to exceed Excess Availability as of such Business Day and (ii) in an aggregate amount (including all Swing Loans outstanding as of such Business Day) not to exceed $15,000,00035,000,000.

Appears in 2 contracts

Samples: Second Amendment to Fourth Amended and Restated Credit Agreement (Oxford Industries Inc), Credit Agreement (Oxford Industries Inc)

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may Bank agrees from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, to make Swing Loans to the Borrowers so long as (i) in an amount not to exceed Availability as of such Business Day no Overadvance exists or would result therefrom and (ii) in an the aggregate amount of Swing Loans (including all Swing Loans outstanding as of such Business Day) does not to exceed $15,000,00075,000,000.

Appears in 1 contract

Samples: Credit Agreement (Central Garden & Pet Co)

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may Bank agrees from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, Date to make Swing Loans to the Borrowers Borrower so long as (i) in an amount not to exceed Availability as of such Business Day no Overadvance exists or would result therefrom and (ii) in an the aggregate amount of Swing Loans (including all Swing Loans outstanding as of such Business Day) does not to exceed $15,000,00020,000,000.

Appears in 1 contract

Samples: Credit Agreement (Installed Building Products, Inc.)

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may Bank agrees from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, to make Swing Loans to the Borrowers so long as (i) in an amount not to exceed Availability as of such Business Day no Overadvance exists or would result therefrom and (ii) in an the aggregate amount of Swing Loans (including all Swing Loans outstanding as of such Business Day) does not to exceed $15,000,00020,000,000.

Appears in 1 contract

Samples: Credit Agreement (Central Garden & Pet Co)

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may Bank agrees from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, Date to make Swing Loans to the Borrowers Borrower so long as (i) in an amount not to exceed Availability as of such Business Day no Overadvance exists or would result therefrom and (ii) in an the aggregate amount of Swing Loans (including all Swing Loans outstanding as of such Business Day) does not to exceed $15,000,00010,000,000.

Appears in 1 contract

Samples: Credit Agreement (Installed Building Products, Inc.)

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrowers (i) Borrower in an amount not to exceed the lesser of (i) Total Availability as of such Business Day and (ii) in an aggregate amount (including all Swing Loans outstanding as of such Business Day) not to exceed $15,000,00010,000,000.

Appears in 1 contract

Samples: Credit Agreement (Thomas & Betts Corp)

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The Swing Loans. Subject to the terms and conditions of this Agreement, the The Swing Bank, in its sole discretion, on the terms and subject to the conditions contained in this Agreement, may make loans (each a "Swing Loan") to the Borrower from time to time on any Business Day after during the Agreement period from the date hereof until the Termination Date but prior to the Maturity Date, make Swing Loans to the Borrowers (i) in an aggregate amount not to exceed Availability as of such Business Day at any time outstanding $20,000,000 and (ii) in an aggregate amount (including all for each Swing Loans outstanding as of such Business Day) Loan Borrowing not to exceed $15,000,000the Available Credit of the Lenders at such time. The Swing Bank shall be entitled to rely on the most recent Borrowing Base Certificate delivered to the Agent.

Appears in 1 contract

Samples: Credit Agreement (WHX Corp)

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may Bank agrees from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, to make Swing Loans to the Borrowers so long as (i) in an amount not to exceed Availability as of such Business Day no Overadvance exists or would result therefrom and (ii) in an the aggregate amount of Swing Loans (including all Swing Loans outstanding as of such Business Day) does not to exceed $15,000,00040,000,000.

Appears in 1 contract

Samples: Credit Agreement (Central Garden & Pet Co)

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrowers (i) in an amount not to exceed Excess Availability as of such Business Day and (ii) in an aggregate amount (including all Swing Loans outstanding as of such Business Day) not to exceed $15,000,00020,000,000.

Appears in 1 contract

Samples: Credit Agreement (Oxford Industries Inc)

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