Domestic Swingline Loan definition

Domestic Swingline Loan means any loan made by the Domestic Swingline Lender to the U.S. Borrower pursuant to Section 2.22.
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Domestic Swingline Loan has the meaning assigned to such term in Section 2.05(a).
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Domestic Swingline Loan. Any loan made by the Domestic Swingline Lender to the Domestic Borrowers pursuant to §2.7.1. “Domestic Swingline Sublimit”. $50,000,000. The Domestic Swingline Sublimit is part of, and not in addition to, the Aggregate Domestic Revolving Loan Commitments.
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Examples of Domestic Swingline Loan in a sentence

  • Each Domestic Swingline Loan shall be in a minimum amount equal to $500,000 or a multiple of $100,000 in excess thereof.

  • Each Domestic Swingline Loan shall be an ABR Loan and, subject to the provisions of Section 2.07, shall bear interest as provided in Section 2.06(a) as if it were an ABR Revolving Loan.

  • The U.S. Borrower shall notify the Domestic Swingline Lender by fax, or by telephone (confirmed by fax), not later than 12:00 noon, New York City time, on the day of a proposed Domestic Swingline Loan.

  • The Domestic Swingline Lender shall make each Domestic Swingline Loan available to the U.S. Borrower by means of a credit to an account in the name of the U.S. Borrower as designated by the U.S. Borrower in such notice by 3:00 p.m., New York City time, on the date such Domestic Swingline Loan is so requested.

  • The Domestic Swingline Lender shall not make any Domestic Swingline Loan if the requested Domestic Swingline Loan exceeds Domestic Availability (before giving effect to such Domestic Swingline Loan).

  • 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 the amount of such Domestic Swingline Loan.

  • The U.S. Borrower hereby promises to pay to the Domestic Swingline Lender the then unpaid principal amount of each Domestic Swingline Loan on the Revolving Credit Maturity Date.

  • Immediately upon the making of a Domestic Swingline Loan, each Domestic Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Domestic Swingline Lender a participation interest in such Domestic Swingline Loan in an amount equal to the product of such Lender’s Domestic Revolving Commitment Percentage thereof; provided that the participation interest shall not be funded except on demand as provided in Section 2.04(b)(ii).

  • Each such notice shall be irrevocable and shall specify whether such requested Swingline Loan will be a Domestic Swingline Loan or a Multicurrency Swingline Loan, the requested date (which shall be a Business Day) and amount of the requested Swingline Loan.

  • The U.S. Borrower shall have the right at any time and from time to time to prepay any Domestic Swingline Loan, in whole or in part, upon giving written or fax notice (or telephone notice promptly confirmed by written, or fax notice) to the Domestic Swingline Lender and to the Administrative Agent before 2:00 p.m., New York City time, on the date of prepayment at the Domestic Swingline Lender’s address for notices specified on Schedule 2.01.


More Definitions of Domestic Swingline Loan

Domestic Swingline Loan means a Loan made pursuant to clause (i) of Section 2.04(a). 17 11
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Domestic Swingline Loan has the meaning assigned to such term in Section 2.05(a). “DSCR Availability Amount” means an amount at any time equal to the sum of (a) $35,000,000 plus (b) 17.5% of the aggregate increases of the Domestic Revolving Commitment effected as of such time pursuant to Section 2.09(d). “Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 9.02). “Eligible Accounts” means, at any time, the Accounts (other than Export-Related Accounts) of a Domestic Loan Party or a Canadian Loan Party, as applicable, which the Administrative Agent determines in its Permitted Discretion are eligible as the basis for the extension of Domestic Revolving Loans, Domestic Swingline Loans, Canadian Revolving Loans and Canadian Swingline Loans and the issuance of Domestic Letters of Credit and Canadian Letters of Credit hereunder. Without limiting the Administrative Agent’s discretion provided herein, Eligible Accounts shall not include any Account:
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Domestic Swingline Loan means any loan made by the Domestic Swingline Lender to the U.S. Borrower pursuant to Section 2.22. “ DUS Subsidiary ” shall mean an entity formed by the U.S. Borrower solely for the purposes of participating in the Fannie Mae Delegated
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Related to Domestic Swingline Loan

  • 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.

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

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

  • Swingline Loans as defined in Section 2.6.

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

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • 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.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Domestic Loans means CD Loans or Base Rate Loans or both.

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

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

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

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

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

  • 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 Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

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

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

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

  • 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.

  • 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.

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

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

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