Common use of U.S. Swingline Loans Clause in Contracts

U.S. Swingline Loans. To request a US Swingline Loan, Administrative Borrower shall deliver, by hand delivery or telecopier, a duly completed and executed Borrowing Request to the US Administrative Agent and the US Swingline Lender, not later than 2:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and the amount of the requested US Swingline Loan. Each US Swingline Loan shall be an ABR Loan. The US Swingline Lender shall make each US Swingline Loan available to the applicable US Borrower by means of a credit to the general deposit account of such US Borrower with the US Swingline Lender (or, in the case of a US Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.18(e), by remittance to the Issuing Bank) by 3:00 p.m., New York City time, on the requested date of such US Swingline Loan. US Borrowers shall not request a US Swingline Loan if at the time of or immediately after giving effect to the extension of credit contemplated by such request a Default has occurred and is continuing or would result therefrom. US Swingline Loans shall be made in minimum amounts of $1.0 million and integral multiples of $500,000 above such amount.

U.S. Swingline Loans. To request a US Swingline Loan, Administrative the US Borrower shall deliver, by hand delivery or telecopier, a duly completed and executed US Borrowing Request to the US Administrative Agent and the US Swingline Lender, not later than 2:00 p.m., New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and the amount of the requested US Swingline Loan. Each US Swingline Loan shall be an ABR Revolving Loan. The US Swingline Lender shall make each US Swingline Loan available to the US Borrower to an account as directed by the US Borrower in the applicable US Borrower by means of a credit to the general deposit account of such US Borrower Borrowing Request maintained with the US Swingline Lender Administrative Agent (or, in the case of a US Swingline Loan made to finance the reimbursement of an US LC Disbursement as provided in Section 2.18(e2.18(B)(e), by remittance to the Issuing Bank) by 3:00 p.m., New York City time, on the requested date of such US Swingline Loan. the US Borrowers Borrower shall not request a US Swingline Loan if at the time of or immediately after giving effect to the extension Extension of credit Credit contemplated by such request a Default has occurred and is continuing or would result therefrom. US Swingline Loans shall be made in minimum amounts of $1.0 million and integral multiples of $500,000 above such amount.