Examples of Foreign Currency Swing Line Loans in a sentence
The Public Works Equipment Maintenance Division is requesting bids for the fabrication and outfitting of two (2) new Ford F-550 vehicles.
Other than with respect to Foreign Currency Swing Line Loans, the Borrower hereby authorizes and directs the Administrative Agent to debit any account maintained by the Borrower with the Administrative Agent to pay when due any amounts required to be paid from time to time under this Agreement.
Swing Line Loans denominated in Dollars shall be made and maintained as Base Rate Loans and Foreign Currency Swing Line Loans shall be made and maintained as Eurodollar Loans and shall bear interest at EURIBOR plus the Applicable Margin for Eurodollar Revolving Loans.
The Borrower shall request a Swing Line Loan by written notice (or telephone notice promptly confirmed in writing) substantially in the form of Exhibit A-4 hereto (a “Swing Line Loan Request”) to the Swing Line Lender and the Administrative Agent not later than 1:30 P.M. (New York time), in the case of Dollar denominated Swing Line Loans, and 10:00 A.M. (London time), in the case of Foreign Currency Swing Line Loans, on the Business Day of the requested Swing Line Loan.
At any time, and from time to time thereafter, subject to the terms and conditions of this Agreement, the Borrower may borrow Foreign Currency Swing Line Loans from such Foreign Currency Swing Line Lender in an amount equal to the then unused amount of the Foreign Currency Swing Line Commitment of such Foreign Currency Swing Line Lender.
Each such notice must be received by the Swing Line Lender and the Administrative Agent not later than (x) 1:00 p.m. on the requested borrowing date for all US Dollar Swing Line Loans and (y) the Applicable Time one Business Day prior to the requested date for all Foreign Currency Swing Line Loans, and shall specify (i) the amount to be borrowed, which shall be a minimum of US$500,000, and (ii) the requested borrowing date, which shall be a Business Day.
The Kendall tau-b agreement (Kendall, 1979) between the two rankings was 0.821.
In connection with Foreign Currency Swing Line Loans, Luxco will provide such additional documentation as necessary or appropriate, in the discretion of the applicable Group Swing Line Lender taking into account local custom and practice, and such additional documentation shall constitute “Credit Documents” hereunder.
Luxco shall make all payments of principal and interest in respect of the Foreign Currency Swing Line Loans directly to the Group Swing Line Lender.
The Group Swing Line Lender shall be responsible for invoicing Luxco for interest on the Foreign Currency Swing Line Loans.