Examples of Foreign Swing Line Lender in a sentence
After written notice to such Foreign Swing Line Borrower from Agent, all such interest payments shall be made by Foreign Swing Line Lender or Foreign Swing Line Borrower, as applicable, to Agent, for the sole benefit of the Foreign Swing Line Lender (and any Lender that shall have purchased a participation in such Foreign Swing Loan).
All such payments (except payments which may be paid to the Foreign Swing Line Lender pursuant to Section 2.3(b)(ii) hereof) shall be remitted by the appropriate Foreign Swing Line Borrower to Agent, at the address of Agent for notices referred to in Section 11.4 hereof (or at such other office or account as designated in writing by Agent to Administrative Borrower), for the account of the Lenders not later than 11:00 A.M. (U.S. Eastern time) on the due date thereof in same day funds.
If the Foreign Swing Line Lender so elects, by giving notice to Agent, Administrative Borrower and the Lenders, each Borrower agrees that the Foreign Swing Line Lender shall have the right, in its sole discretion (in consultation with Agent), to require that any Foreign Swing Loan be refinanced as a Revolving Loan.
Upon such notice, but without further action, the Foreign Swing Line Lender hereby agrees to grant to each Lender, and each Lender hereby agrees to acquire from the Foreign Swing Line Lender, an undivided participation interest in such Foreign Swing Loan in an amount equal to such Lender’s Commitment Percentage of the principal amount of such Foreign Swing Loan.
In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to Agent, for the benefit of the Foreign Swing Line Lender, such Lender’s ratable share of such Foreign Swing Loan (determined in accordance with such Lender’s Commitment Percentage).
The data were approached through an immersion process.12 The participants’ responses provided a structure for organizing them in accordance with the specific subject areas of the questions.
If Agent or Foreign Swing Line Lender determine that for any reason adequate and reasonable means do not exist for determining the Quoted Rate with respect to a proposed or outstanding Foreign Swing Line Loan, or that the Quoted Rate with respect to a proposed or outstanding Foreign Swing Loan does not adequately and fairly reflect the cost to the Foreign Swing Line Lender of funding or continuing such Loan, Agent will promptly so notify Administrative Borrower.
Thereafter, the obligation of the Foreign Swing Line Lender to make or maintain such Quoted Rate Loan shall be suspended until Agent (upon the instruction of the Foreign Swing Line Lender) revokes such notice.