the Termination Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section
Appears in 2 contracts
Samples: Credit Agreement (United Dominion Realty Trust Inc), Participation Agreement (Correctional Services Corp)
the Termination Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of SectionSection 9.
Appears in 1 contract
Samples: Credit Agreement (Railworks Corp)
the Termination Date. The Swingline Lender may, at upon the occurrence of any timeDefault or Event of Default, in its sole discretion, by written notice to the Borrower Parent and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower Borrowers shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of SectionSection 9.
Appears in 1 contract
the Termination Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advanceCommitted Loan, in which case the Borrower shall be deemed to have requested a Revolving Committed Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 6.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section
Appears in 1 contract
the Termination Date. The Swingline Lender may, at upon the occurrence of any timeDefault or Event of Default, in its sole discretion, by written notice to the Borrower Parent and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower Borrowers shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of Section
Appears in 1 contract
the Termination Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the LendersBorrowers, demand repayment of its their Swingline Loans by way of a Revolving Loan advance, in which case the Borrower Borrowers shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 and upon acceleration of the indebtedness Indebtedness hereunder and the exercise of remedies in accordance with the provisions of SectionSection 9.
Appears in 1 contract
Samples: Credit Agreement (Inex Corp)
the Termination Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Lenders, demand repayment of its Swingline Loans by way of a Revolving Loan advance, in which case the Borrower shall be deemed to have requested a Revolving Loan advance comprised solely of Base Rate Loans in the amount of such Swingline Loans; provided, however, that any such demand shall be deemed to have been given one Business Day prior to the Termination Date and on the date of the occurrence of any Event of Default described in Section 9.1 8.1 (or if such date is not a Business Day, the first Business Day succeeding such date) and upon acceleration of the indebtedness hereunder and the exercise of remedies in accordance with the provisions of SectionSection 8.
Appears in 1 contract
Samples: Credit Agreement (Airgas Inc)