Base Rate Swingline Loan definition

Base Rate Swingline Loan means a Swingline Loan that is a Base Rate Loan.
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Base Rate Swingline Loan means a Swingline Loan which bears interest based on the Base Rate.
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Base Rate Swingline Loan as defined in Section 2.18(a).
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Examples of Base Rate Swingline Loan in a sentence

  • Notwithstanding any other provision hereof, each Lender hereby agrees that its obligation to participate in each Base Rate Swingline Loan issued in accordance herewith, and its obligation to make the payments specified in this Section 3.02(f), are each absolute, irrevocable and unconditional and shall not be affected by any event, condition or circumstance whatever.

  • If, at any time, after a Swingline Lender has made a Base Rate Swingline Loan and has received from any Lender such Lender's share of such Base Rate Swingline Loan, and such Swingline Lender receives any payment or makes any application of funds on account of such Base Rate Swingline Loan, such Swingline Lender will pay to the Administrative Agent, for the account of such Lender, such Lender's Pro Rata share of such payment.

  • Each Base Rate Swingline Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans.

  • If no election as to the Type or facility applicable to such Borrowing is specified in any such notice, then the requested Borrowing will be a Base Rate Swingline Loan Borrowing.

  • In addition, a Swingline Lender shall be justified and fully protected in declining to make a Base Rate Swingline Loan if such Swingline Lender has received notice from the Administrative Agent, acting at the direction of the Required Lenders, to cease making Base Rate Swingline Loans as provided in Section 3.02(c)(ii).

  • Each Base Rate Swingline Loan shall be made by the Swingline Lenders ratably in accordance with their respective Swingline Percentages.


More Definitions of Base Rate Swingline Loan

Base Rate Swingline Loan shall have the meaning given to that term in Section 3.02(a)(i).
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Related to Base Rate Swingline Loan

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

  • 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.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Swingline Loans as defined in Section 2.6.

  • 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.

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

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Swingline Loan Request has the meaning set forth in Section 2.06(b).

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Credit Base Rate Option A fluctuating rate per annum (computed on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed) equal to the Base Rate plus the Applicable Margin, such interest rate to change automatically from time to time effective as of the effective date of each change in the Base Rate; or

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

  • Swingline Loan Notice means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit J or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Swing Line Loans as defined in Section 2.6.

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

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Swingline The facility pursuant to which the SwingLine Lender may advance Revolving Credit Loans aggregating up to the SwingLine Loan Ceiling.

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Loans as defined in Section 2.4(a).

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.