Committed Swingline Loan definition

Committed Swingline Loan means a loan made pursuant to Section 2.19.
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Committed Swingline Loan as defined in Section 2.4(a).
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Committed Swingline Loan means a Canadian Committed Swingline Loan or a U.S. Committed Swingline Loan.
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Examples of Committed Swingline Loan in a sentence

  • No Committed Swingline Loan may be used to refinance an outstanding Committed Swingline Loan.

  • Not later than 3:00 P.M., New York City time, on the Borrowing Date specified in a notice in respect of Swingline Loans, the Committed Swingline Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to the amount of the Committed Swingline Loan to be made by the Committed Swingline Lender.

  • Any overdue principal of or interest on any Canadian Committed Swingline Loan shall bear interest, payable on demand, for each day until paid at a rate per annum equal to the sum of the Canadian Prime Rate for such day plus 2%.

  • Prepayment of any Canadian Committed Swingline Loan which is a Fixed Rate Loan pursuant to subsection (d) or (e) above shall be subject to the provisions of Section 4.12, and for this purpose such Canadian Committed Swingline Loan shall be deemed to have an Interest Period from and including the date such Canadian Committed Swingline Loan was made to but not including its maturity date.

  • Not later than 3:00 P.M. (Eastern time) on the date of each U.S. Committed Swingline Loan, the U.S. Swingline Lender shall, unless it determines that any applicable condition specified in Article 5 has not been satisfied or a Stop Issuance Notice is in effect, make available the amount of such Loan, in Federal or other funds immediately available in New York City, to the Borrower at the U.S. Swingline Lender’s address specified in or pursuant to Section 13.01.

  • Each U.S. Committed Swingline Loan shall bear interest on the outstanding principal amount thereof, payable at maturity, at a rate per annum equal to the Base Rate for such day (or such other rate per annum as the U.S. Swingline Lender and the Borrower may mutually agree).

  • The Borrower may prepay any U.S. Committed Swingline Loan in whole at any time, or from time to time in part in a principal amount of $1,000,000 or any larger multiple thereof, by giving notice of such prepayment to the U.S. Swingline Lender and the Administrative Agent not later than 2:00 P.M. (Eastern time) on the date of prepayment.

  • The Borrower shall give the Administrative Agent and the U.S. Swingline Lender notice not later than 2:00 P.M. (Eastern time) on the date of each Committed Swingline Loan, specifying the amount of such Loan and the date of such borrowing, which shall be a Business Day.

  • The Administrative Agent shall make the proceeds of such Committed Swingline Loan available to the Borrower on such Borrowing Date by transferring such proceeds to an account designated by the Borrower no later than 4:00 P.M., New York City time on such Borrowing Date in immediately available funds.

  • Not later than 1:00 P.M. (Eastern time) on the date of each Canadian Committed Swingline Loan, the Canadian Swingline Lender shall, unless it determines that any applicable condition specified in Article 5 has not been satisfied or a Stop Issuance Notice is in effect, make available the amount of such Loan, in immediately available funds, to the Canadian Borrower at the Canadian Swingline Lender’s address specified in or pursuant to Section 13.01.

Related to Committed Swingline Loan

  • U.S. Swingline Loan means a Loan made pursuant to Section 2.04 as a “U.S. Swingline Loan.”

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

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

  • 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.

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

  • 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 Lender means a Lender with a Revolving Credit Commitment.

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

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

  • Swingline Loans as defined in Section 2.6.

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

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

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

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

  • Revolving Credit Loans as defined in Section 2.1.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

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

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

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

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Swing Line Loans means the Loans made by Swing Line Lender to Company pursuant to subsection 2.1A(iii).

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

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

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