Alternative Currency Swingline Loan definition
Examples of Alternative Currency Swingline Loan in a sentence
Such notice shall be delivered on a Business Day, shall be irrevocable and shall refer to this Agreement and shall specify the requested date (which shall be a Business Day) and amount and currency of such Swingline Loan, the Interest Period for any requested Alternative Currency Swingline Loan and the wire transfer instructions for the account of the Borrower to which the proceeds of such Swingline Loan should be transferred.
Each Swingline Loan shall be in a principal amount that is an integral multiple of $100,000 and not less than $100,000, in the case of a Dollar Swingline Loans, or in such minimum and multiple amounts as the Swingline Lender shall reasonably specify with respect to any Alternative Currency, in the case of an Alternative Currency Swingline Loan.
Credit risk arises from cash and cash equivalents, deposits with banks and other institutions, as well as credit exposures to customers, including outstanding receivables and committed transactions.
Each Swingline Borrowing shall be in a minimum principal amount of $3,000,000, or an integral multiple of $1,000,000 in excess thereof (or the Dollar Equivalents thereof, if an Alternative Currency Swingline Loan).
Each such notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m., New York City time, on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, (ii) the requested borrowing date, which shall be a Business Day and (iii) whether such Swingline Loan shall constitute a U.S. Swingline Loan or an Alternative Currency Swingline Loan.
Each such notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, (ii) the requested borrowing date, which shall be a Business Day and (iii) whether such Swingline Loan shall constitute a U.S. Swingline Loan or an Alternative Currency Swingline Loan.
Each Alternative Currency Swingline Loan shall be in a principal amount which, at the time of the request therefor, is, on a Dollar Equivalent basis, $1,000,000 or more.
By contrast, nearly two-thirds of its audience (65.4%) visits just once or twice a month, versus 77% on average for the top news sites.
No Alternative Currency Swingline Loan may be converted into an ABR Loan and, except as required by Section 2.8 or 2.15, no Alternative Currency Swingline Loan may be converted into a Foreign Base Rate Loan.
Each Swingline Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Swingline Loan is made until the date it is repaid, at a rate per annum equal to (A) the Federal Funds Rate, in the case of a Swingline Loan denominated in Dollars; or (B) the Base Eurocurrency Rate for an overnight borrowing, in the case of an Alternative Currency Swingline Loan denominated in Euros or Yen, in each case plus the Applicable Margin for Eurodollar Rate Loans for such day.