Examples of Alternative Currency Swingline Loan in a sentence
Immediately upon the making of an Alternative Currency Swingline Loan, each Multi-Currency Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Alternative Currency Swingline Lender a participation interest in such Alternative Currency Swingline Loan in an amount equal to the product of such Multi-Currency Lender’s Multi-Currency Revolving Commitment Percentage thereof.
If such Multi-Currency Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Multi-Currency Lender’s Multi-Currency Revolving Loan included in the relevant Borrowing or funded participation in the relevant Alternative Currency Swingline Loan, as the case may be.