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 the lesser of (A) the excess of (1) the Swing Bank’s Revolving Loan Commitment less (2) the Swing Bank’s outstanding Swing Loans and all other Revolving Credit Exposure and (B) $5,000,000.

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may, 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 the lesser of (A) the excess of (1) the Swing Bank’s Revolving Loan Commitment less (2) the Swing BankLender’s outstanding Swing Loans and all other Revolving Credit Exposure and (B) $5,000,000.