Examples of German Swingline Loan in a sentence
The Swingline Lender may by written notice given to the Administrative Agent not later than (i) in the case of a US Swingline Loan, 2:00 p.m., New York City time and (ii) in the case of a German Swingline Loan, 1.00 p.m., Berlin time, on any Business Day require the Lenders to acquire participations on such Business Day in all or a portion of the Swingline Loans outstanding.
The German Swingline Lender shall make each German Swingline Loan available to the relevant German Borrower by means of a credit to the general deposit account of such Borrower with the German Swingline Lender (or, in the case of a German Swingline Loan made to finance the reimbursement of a German LC Disbursement as provided in Section 2.05(e), by remittance to the German Issuing Bank) by 3:00 p.m., Frankfurt time, on the requested date of such German Swingline Loan.
German Swingline Loan: any Borrowing of German Base Rate Loans funded with Agent’s funds, until such Borrowing is settled among the German Lenders or repaid by the German Borrower.
Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and amount of the requested German Swingline Loan.
To request a German Swingline Loan, a German Authorized Person of a German Borrower shall notify the German Swingline Lender of such request by telephone or telecopy, not later than 11:00 a.m., Frankfurt time (which telephonic request shall be confirmed promptly thereafter by such German Borrower by telecopy), on the day of a proposed German Swingline Loan.
Each German Swingline Loan shall be made in and denominated only in Dollars, and shall constitute a German Base Rate Loan for all purposes, except that payments thereon shall be made to Agent for its own account.