Line Advance definition

Line Advance means any Advance made from time to time to Borrower hereunder, on a revolving basis, by a Lender then holding a Line Commitment.
Sample 1Sample 2
Line Advance means an Advance of Facility proceeds to or for the benefit of the Borrower pursuant to and in accordance with Section 2.03 hereunder. Swing Line Lender. Swing Line Lender means Wachovia Bank, National Association. Tangible Net Worth. Tangible Net Worth will be defined in accordance with Accounting Terms.
Sample 1Sample 2
Line Advance means a disbursement by Agent to or for the benefit or account of Borrower of any proceeds of the Revolving Line.
Sample 1Sample 2

Examples of Line Advance in a sentence

  • No Swing Line Advance shall be used for the purpose of funding the payment of principal of any other Swing Line Advance.

  • Subject to the terms and conditions hereof, the Swing Line Lender may, in its discretion, make available from time to time until the Commitment Termination Date advances (each, a "Swing Line Advance") in accordance with any such notice.

  • Subject to the terms and conditions hereof, each Swing Line Advance shall, from time to time after the date of such Advance (until paid), bear interest at its Applicable Interest Rate.

  • Each Swing Line Advance shall, from time to time after the date of such Advance, bear interest at its Applicable Interest Rate.

  • Swing Line Bank shall promptly notify Agent of any Swing Line Advance by telephone, telex or telecopier.

  • Each Swing Line Advance shall be made pursuant to a Notice of Revolving Credit Advance delivered to Agent by Borrower Representative on behalf of the applicable Borrower in accordance with Section 1.1(a).

  • Any such notice must be given no later than 11:00 a.m. (Chicago time) on the Business Day of the proposed Swing Line Advance.

  • Each Floating Rate Advance (other than a Swing Line Advance) shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is automatically converted from a Eurodollar Advance into a Floating Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted into a Eurodollar Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Floating Rate for such day.

  • Swing Line Lender shall promptly notify Agent of any Swing Line Advance by telephone, telex or telecopier.

  • Any such notice must be given no later than 1:00 p.m. (New York time) on the Business Day of the proposed Swing Line Advance.


More Definitions of Line Advance

Line Advance means a Dollar Swing-Line Advance or a Sterling Swing-Line Advance as the context may require;
Sample 1
Line Advance shall have the meaning ascribed to such term in Section 2.1.1 of this Agreement.
Sample 1

Related to Line Advance

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Lender pursuant to Section 2.02(b).

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Swing Line Loans as defined in Section 2.6.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Advance has the meaning given in Section 2.1.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Swingline Loan Request has the meaning set forth in Section 2.06(b).

  • Swing Line Loan Notice means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • Swingline Loan Notice means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit J or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Line Lender means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

  • Participation Advance shall have the meaning set forth in Section 2.12(d).

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.