Alternative Currency Swing Line Loan definition

Alternative Currency Swing Line Loan has the meaning specified in Section 2.05(b)(i).
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Alternative Currency Swing Line Loan means at any time, the aggregate amount of Alternative Currency Swing Line Advances outstanding to European Borrowers. Alternative Currency Swing Line Note has the meaning ascribed to it in Section 1.1(e). Anti-Terrorism Laws has the meaning ascribed to it in Section 3.9.
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Examples of Alternative Currency Swing Line Loan in a sentence

  • Each such telephonic notice must be confirmed promptly by delivery to the Alternative Currency Swing Line Lender and the Administrative Agent of a written Alternative Currency Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Company.

  • Each Alternative Currency Swing Line Loan shall be a Base Rate Loan.

  • Promptly after receipt by the Alternative Currency Swing Line Lender of any telephonic Alternative Currency Swing Line Loan Notice, the Alternative Currency Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Alternative Currency Swing Line Loan Notice and, if not, the Alternative Currency Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof.

  • Until each Alternative Currency Lender funds its Base Rate Committed Loan or risk participation pursuant to this Section 2.05(b) to refinance such Lender’s Applicable Alternative Currency Percentage of any Alternative Currency Swing Line Loan, interest in respect of such Applicable Alternative Currency Percentage shall be solely for the account of the Alternative Currency Swing Line Lender.

  • Immediately upon the making of an Alternative Currency Swing Line Loan, each Alternative Currency Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Alternative Currency Swing Line Lender a risk participation in such Alternative Currency Swing Line Loan in an amount equal to the product of such Lender’s Applicable Alternative Currency Percentage times the amount of such Alternative Currency Swing Line Loan.

  • If such Alternative Currency Lender pays such amount (with interest and fees as aforesaid), the amount so paid (other than such interest and fees) shall constitute such Lender’s Committed Loan included in the relevant Committed Borrowing or funded participation in the relevant Alternative Currency Swing Line Loan, as the case may be, as of the date of such Committed Borrowing or participation.

  • Each Swing Line Loan (other than an Alternative Currency Swing Line Loan) to the US Borrower shall bear interest only at a rate based on the Base Rate, and each Alternative Currency Swing Line Loan shall only bear interest as provided in Section 2.08.

  • The value of impairment of property, plant and equipment and intangible assets did not change from 31 December 2017.

  • The entire unpaid balance of the Alternative Currency Swing Line Loan and all other noncontingent Obligations shall be immediately due and payable in full in immediately available funds on the Commitment Termination Date if not sooner paid in full.

  • Each Swing Line Loan (other than an Alternative Currency Swing Line Loan) to the Borrower shall bear interest only at a rate based on the Base Rate, and each Alternative Currency Swing Line Loan shall only bear interest as provided in Section 2.07.

Related to Alternative Currency Swing Line Loan

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Swing Line Loans as defined in Section 2.6.

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Alternative Currency Daily Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.” All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency.

  • Alternative Currency means each of Euro, Sterling, Yen and each other currency (other than Dollars) that is approved in accordance with Section 1.06.

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Lender pursuant to Section 2.02(b).

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Alternative Currency Letter of Credit means a Letter of Credit denominated in an Alternative Currency.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Swing Line Rate means an interest rate per annum offered by the Swing Line Lender with respect to the Swing Line Loans, as determined in its sole discretion, but in any event not in excess of the rate applicable to Base Rate Loans at the time of determination.

  • Alternative Currency Daily Rate means, for any day, with respect to any Credit Extension:

  • Alternative Currencies means (a) Euro, (b) Sterling, (c) Yen and (d) each other currency (other than Dollars) approved in accordance with Section 1.08.

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Swing Line Lender means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.