Available Swingline Commitment definition
Available Swingline Commitment of a Swingline Lender means (but without limiting sub-clause 6.4.5 of Clause 6.4 (Swingline Lenders' participation) and Clause 6.5 (Relationship with Revolving Facility)) that Lender's Swingline Commitment minus:
(i) the Base Currency Amount of its participation in any outstanding Swingline Loans; and
(ii) in relation to any proposed Utilisation under the Swingline Facility, the Base Currency Amount of its participation in any Swingline Loans that are due to be made under the Swingline Facility on or before the proposed Utilisation Date, other than that Lender's participation in any Swingline Loans that are due to be repaid or prepaid on or before the proposed Utilisation Date.
Available Swingline Commitment means a Swingline Lender's Swingline Commitment minus:
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 8.5 (Relationship with Facility A)) that Lender’s Swingline Commitment minus:
(i) the amount of its participation in any outstanding Swingline Loans; and
(ii) in relation to any proposed Utilisation under the Swingline Facility, the amount of its participation in any Swingline Loans that are due to be made under the Swingline Facility on or before the proposed Utilisation Date, other than that Lender’s participation in any Swingline Loans that are due to be repaid or prepaid on or before the proposed Utilisation Date.
Examples of Available Swingline Commitment in a sentence
The amount of a Bank’s Advance will, in the case of a Revolving Facility Advance, be the proportion of the Requested Amount which its Available Commitment bears to the Available Facility on the relevant Utilisation Date and, in the case of a Swingline Advance, the proportion of the Requested Amount which its relevant Available Swingline Commitment bears to the relevant Available Swingline Facility on the relevant Utilisation Date.
Each borrowing under the Swingline Commitment shall be in an amount equal to $100,000 or a whole multiple thereof (or, if the then Available Swingline Commitment is less than $100,000, such lesser amount).
More Definitions of Available Swingline Commitment
Available Swingline Commitment means the aggregate of the Available Euro Swingline Commitment and Available US Dollar Swingline Commitment.
Available Swingline Commitment has the meaning given to such term in paragraph 8.1.1 of Clause 8.1 (General).
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 6.5 (Relationship with Facility C)) that Lender’s Swingline Commitment minus:
(A) the Base Currency Amount of its participation in any outstanding Swingline Loans; and
(B) in relation to any proposed Utilisation under the Swingline Facility, the Base Currency Amount of its participation in any Swingline Loans that are due to be made under the Swingline Facility on or before the proposed Utilisation Date, other than that Lender’s participation in any Swingline Loans that are due to be repaid or prepaid on or before the proposed Utilisation Date.
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 8.4 (Relationship with the Revolving Facility)) that Lender's Swingline Commitment minus:
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 6.5 (Relationship with the Revolving Facility) that Lender’s Swingline Commitment minus:
(i) the Dollar Amount of its participation in any outstanding Swingline Advances; and
(ii) in relation to any proposed Utilisation under the Swingline Facility, the Dollar Amount of its participation in any Swingline Advances that are due to be made under the Swingline Facility on or before the proposed Drawing Date, other than that Lender’s participation in any Swingline Advances that are due to be repaid or prepaid on or before the proposed Drawing Date;
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 6.5 (Relationship with the Revolving Facility) that ▇▇▇▇▇▇'s Swingline Commitment minus: (i) the Dollar Amount of its participation in any outstanding Swingline Advances; and (ii) in relation to any proposed Utilisation under the Swingline Facility, the Dollar Amount of its participation in any Swingline Advances that are due to be made under the Swingline Facility on or before the proposed Drawing Date, other than that ▇▇▇▇▇▇'s participation in any Swingline Advances that are due to be repaid or prepaid on or before the proposed Drawing Date; (b) "Available Swingline Facility" means the aggregate for the time being of each Swingline Lender's Available Swingline Commitment; (c) "Federal Funds Rate" means, in relation to any day, the rate per annum equal to: (i) the rate on overnight federal funds transactions calculated by the Federal Reserve Bank of New York as the federal funds effective rate, as published for that day (or, if that day is not a New York Business Day, for the immediately preceding New York Business Day) by the Federal Reserve Bank of New York; or (ii) if a rate is not so published for any day which is a New York Business Day, the average of the quotations for that day on overnight federal funds transactions received by the Swingline Agent from three depository institutions of recognised standing selected by the Swingline Agent,
Available Swingline Commitment of a Swingline Lender means (but without limiting Clause 6.5 ( Relationship with the Revolving Facility ) that Lender’s Swingline Commitment minus: