European Swingline Loan definition

European Swingline Loan means a Loan made under the European Revolving Credit Facility pursuant to Section 2.04.

European Swingline Loan means a German Swingline Loan, a Swiss Swingline Loan and/or a U.K. Swingline Loan, as the context may require.

European Swingline Loan means a Swingline Loan denominated in Euro.

Examples of European Swingline Loan in a sentence

• Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day), currency, Interest Period, and the amount of the requested European Swingline Loan.

• The Administrative Agent shall notify the European Administrative Borrower of any participations in any European Swingline Loan acquired by the Revolving Lenders pursuant to this paragraph, and thereafter payments in respect of such European Swingline Loan shall be made to the Administrative Agent and not to the European Swingline Lender.

• Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving Lender, specifying in such notice such Lender’s Pro Rata Percentage of such European Swingline Loan or Loans.

• Each Revolving Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the European Swingline Lender, such Lender’s Pro Rata Percentage of such European Swingline Loan or Loans.

• No Borrower shall request a European Swingline Loan if at the time of or immediately after giving effect to the extension of credit contemplated by such request a Default has occurred and is continuing or would result therefrom.

More Definitions of European Swingline Loan

European Swingline Loan has the meaning assigned to such term in Section 2.05(a).

European Swingline Loan means a Swingline Loan made to a European Borrower. “Events of Default” has the meaning assigned to such term in Article VII.

European Swingline Loan means a Loan made under the European Revolving Credit Facility pursuant to Section 2.04. “European Swingline Loan Sublimit” means $50,000,000.

European Swingline Loan means any Borrowing of European Borrower Loans in US Dollars or Euros at the Eurocurrency Base Rate funded with the Administrative Agent’s funds, until such Borrowing is settled among the Lenders or repaid by the European Borrower.

European Swingline Loan has the meaning provided in Section 2.01(b)(iii). All European Swingline Loans will be denominated in Alternative Currencies therefor, being British Pounds sterling and Euro on the Closing Date.

European Swingline Loan. Any loan made by the European Swingline Lender to the European Borrowers pursuant to §2.7.1. “European Swingline Sublimit”. $20,000,000. The European Swingline Sublimit is part of, and not in addition to, the Aggregate European Commitments. “Event of Default”. See §14.1.

European Swingline Loan means any loan made by the European Swingline Lender pursuant to Section 2.17. For the avoidance of doubt, European Swingline Loans shall include Overadvances made as European Swingline Loans.