Examples of European Swing Line Loans in a sentence
The European Swing Line Loans shall be made in Alternative Currencies and maintained as Overnight Rate Loans and, notwithstanding Section 2.6, shall not be entitled to be converted into any other Type of Loan.
European Swing Line Loans shall be made in Alternative Currencies and maintained as Overnight Rate Loans and, notwithstanding Section 2.6, shall not be entitled to be converted into any other Type of Loan.
Multicurrency European Swing Line Loans shall be Overnight Rate Loans.
The Multicurrency European Swing Line Loans shall be made in Euros or Sterling, as required by Companyany Multicurrency Revolving Borrower, and maintained as Overnight Rate Loans and, notwithstanding Section 2.6, shall not be entitled to be converted into any other Type of Loan.
Upon one Business Day’s notice (or three Business Days’ notice in the case of European Swing Line Loans) from the applicable Swing Line Lender, each Lender deemed to have purchased a participation pursuant to the immediately preceding sentence shall deliver to the applicable Swing Line Lender an amount equal to its respective participation in the applicable unpaid amount in same day funds at the Principal Office of such Swing Line Lender.
The occurrence of any conversion of Multicurrency Revolving Loans, Multicurrency European Swing Line Loans or Unpaid Drawings in respect of Multicurrency Letters of Credit to Base Rate Loans as provided above in this Section 2.16(a) shall be deemed to constitute, for purposes of Section 3.5, a prepayment of Multicurrency Revolving Loans, Multicurrency European Swing Line Loans before the last day of any Interest Period relating thereto.
The European Swing Line Lender may also attach schedules to this European Swing Line Note and endorse thereon the date, amount and maturity of its European Swing Line Loans and payments with respect thereto.
The principal amount of each European Swing Line Loan evidenced hereby shall be payable as set forth in the Credit Agreement, with any outstanding principal amount of the European Swing Line Loans made by Lender being payable on the fifth (5th) Business Day prior to the Revolver Termination Date (as defined in the Credit Agreement).
European Swing Line Loans made by the European Swing Line Lender shall be evidenced by one or more loan accounts or records maintained by the European Swing Line Lender in the ordinary course of business.
Each Borrower further agrees to pay interest in like money on the unpaid principal amount of Multicurrency European Swing Line Loans made to such Borrower from time to time outstanding at the applicable interest rate per annum determined as provided in, and payable as specified in, Article III of the Credit Agreement.