Common use of U.S. Swing Line Clause in Contracts

U.S. Swing Line. Subject to the terms and conditions hereof, the U.S. Swing Line Lender in its individual capacity agrees to make swing line loans in Dollars (“U.S. Swing Line Loans”) to U.S. Borrower on any Business Day from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that do not exceed $25,000,000; provided, however, that in no event may the amount of any Borrowing of U.S. Swing Line Loans (A) exceed the Total Available Dollar Revolving Commitment immediately prior to such Borrowing (after giving effect to the use of proceeds thereof) or (B) cause the outstanding Dollar Revolving Loans of any Lender, when added to such Lender’s Dollar Revolver Pro Rata Share of the then outstanding U.S. Swing Line Loans and Dollar Revolver Pro Rata Share of the aggregate Dollar LC Obligations (exclusive of Unpaid Drawings relating to Dollar LC Obligations which are repaid with the proceeds of, and simultaneously with the incurrence of, Dollar Revolving Loans or U.S. Swing Line Loans) to exceed such Lender’s Dollar Revolving Commitment. Amounts borrowed by U.S. Borrower under this Section 2.1(c)(i) may be repaid and, to but excluding the Revolver Termination Date, reborrowed. U.S. Swing Line Loans shall be made in Dollars and maintained as Base Rate Loans and, notwithstanding Section 2.6, shall not be entitled to be converted into any other Type of Loan.

Appears in 2 contracts

Samples: Credit Agreement (Crown Holdings Inc), Credit Agreement (Crown Holdings Inc)

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U.S. Swing Line. Subject to the terms and conditions hereof, the U.S. Swing Line Lender in its individual capacity agrees to make swing line loans in Dollars (“U.S. Swing Line Loans”) to U.S. Borrower Company on any Business Day from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that that, when added to the Dollar Equivalent of the principal amount of European Swing Line Loans then outstanding, do not exceed $25,000,00075,000,000; provided, however, that in no event may the amount of any Borrowing of U.S. Swing Line Loans (A) exceed the Total Available Dollar Multicurrency Revolving Commitment immediately prior to such Borrowing (after giving effect to the use of proceeds thereof) or (B) cause the outstanding Dollar Multicurrency Revolving Loans of any Lender, when added to such Lender’s Dollar Multicurrency Revolver Pro Rata Share of the then outstanding U.S. Swing Line Loans and Dollar Multicurrency Revolver Pro Rata Share of the aggregate Dollar LC Obligations (exclusive of Unpaid Drawings relating to Dollar LC Obligations which are repaid with the proceeds of, and simultaneously with the incurrence of, Dollar Multicurrency Revolving Loans or U.S. Swing Line Loans) to exceed such Lender’s Dollar Multicurrency Revolving Commitment. Amounts borrowed by U.S. Borrower Company under this Section 2.1(c)(i2.1(c)(i)(1) may be repaid and, to but excluding the Revolver Termination Date, reborrowed. The U.S. Swing Line Loans shall be made in Dollars and maintained as Base Rate Loans and, notwithstanding Section 2.6, shall not be entitled to be converted into any other Type of Loan.

Appears in 2 contracts

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

U.S. Swing Line. Subject to the terms and conditions hereof, the U.S. Swing Line Lender in its individual capacity agrees to make swing line loans in Dollars (“U.S. Swing Line Loans”) to U.S. Borrower Company on any Business Day from time to time during the Multicurrency Revolving Commitment Period in an aggregate principal amount at any one time outstanding that that, when added to the Dollar Equivalent of the principal amount of European Swing Line Loans then outstanding, do not exceed $25,000,000250,000,000; provided, however, that in no event may the amount of any Borrowing of U.S. Swing Line Loans (A) exceed the Total Available Dollar Multicurrency Revolving Commitment immediately prior to such Borrowing (after giving effect to the use of proceeds thereof) or (B) cause the outstanding Dollar Multicurrency Revolving Loans of any Lender, when added to such Lender’s Dollar Multicurrency Revolver Pro Rata Share of the then outstanding U.S. Swing Line Loans and Dollar Multicurrency Revolver Pro Rata Share of the aggregate Dollar LC Obligations (exclusive of Unpaid Drawings relating to Dollar LC Obligations which are repaid with the proceeds of, and simultaneously with the incurrence of, Dollar Multicurrency Revolving Loans or U.S. Swing Line Loans) to exceed such Lender’s Dollar Multicurrency Revolving Commitment. Amounts borrowed by U.S. Borrower Company under this Section 2.1(c)(i2.1(f)(i)(1) may be repaid and, to but excluding the Revolver Termination Date, and reborrowed. The U.S. Swing Line Loans shall be made in Dollars and maintained as Base Rate Loans and, notwithstanding Section 2.6, shall not be entitled to be converted into any other Type of Loan.

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

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U.S. Swing Line. Subject to the terms and conditions hereof, the U.S. Swing Line Lender in its individual capacity agrees to make swing line loans in Dollars (“U.S. Swing Line Loans”) to U.S. Borrower Company on any Business Day from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that that, when added to the Dollar Equivalent of the principal amount of European Swing Line Loans then outstanding, do not exceed $25,000,00050,000,000; provided, however, that in no event may the amount of any Borrowing of U.S. Swing Line Loans (A) exceed the Total Available Dollar Multicurrency Revolving Commitment immediately prior to such Borrowing (after giving effect to the use of proceeds thereof) or (B) cause the outstanding Dollar Multicurrency Revolving Loans of any Lender, when added to such Lender’s Dollar Multicurrency Revolver Pro Rata Share of the then outstanding U.S. Swing Line Loans and Dollar Multicurrency Revolver Pro Rata Share of the aggregate Dollar LC Obligations (exclusive of Unpaid Drawings relating to Dollar LC XX Obligations which are repaid with the proceeds of, and simultaneously with the incurrence of, Dollar Multicurrency Revolving Loans or U.S. Swing Line Loans) to exceed such Lender’s Dollar Multicurrency Revolving Commitment. Amounts borrowed by U.S. Borrower Company under this Section 2.1(c)(i2.1(c)(i)(1) may be repaid and, to but excluding the Multicurrency Revolver Termination Date, reborrowed. The U.S. Swing Line Loans shall be made in Dollars and maintained as Base Rate Loans and, notwithstanding Section 2.6, shall not be entitled to be converted into any other Type of Loan.

Appears in 1 contract

Samples: Credit Agreement (Ball Corp)

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