Maximum Swingline Loan Amount definition
Maximum Swingline Loan Amount means at any time the lesser of (a) $5,000,000 and (b) the amount that would cause the aggregate Loans outstanding to exceed the Maximum Available Borrowing.
Maximum Swingline Loan Amount means $5,000,000.
Maximum Swingline Loan Amount means $10,000,000.
Examples of Maximum Swingline Loan Amount in a sentence
The Swingline Loans shall be advanced by Agent (subject to the requirements of Section 8.2 hereof) as Domestic Rate Loans and shall not exceed in the aggregate at any time outstanding the Maximum Swingline Loan Amount.
Borrower hereby agrees that it shall notify Agent to reduce the outstanding Swingline Loans to $0 at least once every week and, in any event, at any time that the aggregate outstanding principal amount of Swingline Loan equals the Maximum Swingline Loan Amount.
More Definitions of Maximum Swingline Loan Amount
Maximum Swingline Loan Amount means $10,000,000. “Maximum Undrawn Amount” shall mean with respect to any outstanding Letter of Credit, the amount of such Letter of Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective. “Minimum Liquidity” means, at any time during the Minimum Liquidity Period, an amount of Liquidity equal to at least the sum of (1) the then outstanding principal amount of the 2025 Convertible Notes plus (2) $75,000,000. “Minimum Liquidity Period” means the 91-day period prior to the 2025 Convertible Notes Termination Date. “Multiemployer Plan” shall mean a Plan that is a “multiemployer plan” as defined in Sections 3(37) and 4001(a)(3) of ERISA. “Multiple Employer Plan” shall mean a Plan that has two or more contributing sponsors (including any Loan Party or any member of the Controlled Group) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. “Net Cash Proceeds” means, with respect to the sale or disposition of any asset by a Person or a Casualty Event, the sum of cash and Cash Equivalent received by such Person in connection with such sale, disposition, or Casualty Event less (i) the reasonable fees, commissions, and expenses related thereto and required to be paid by such Person in connection with such sale or disposition, less (ii) all taxes paid or reasonably estimated to be payable in connection with such sale or disposition to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such cash, actually paid or payable to a Person that is not an Affiliate of any Loan Party or any of its Subsidiaries, and are properly attributable to such transaction, less (iii) any reserve for adjustment in respect of (x) the sale price of the property that is the subject of such sale or disposition established in accordance with GAAP and (y) any liabilities associated with such property or asset and retained by such Person after such sale or disposition, to the extent that in each case the funds described above in this clause (iii) are (x) deposited into escrow with a third party escrow agent and (y) paid to Agent as a prepayment of the applicable Obligations in accordance with Section 2.14 of this Agreement at such time when such 26
Maximum Swingline Loan Amount means the commitment of the Swingline Lender to make the Swingline Loans in an aggregate principal amount at any time outstanding of up to the Swingline Loan Amount.
Maximum Swingline Loan Amount means at any time the lesser of (i) $2,000,000, (ii) the Commitment of the Swingline Lender to make the Swingline Loan to Borrowers at such time or (iii) that amount which is the Borrowing Base at such time LESS the sum of (x) the Revolving Loan at such time, (y) the Swingline Loan at such time and (z) the Lender Guaranty Reserve at such time.
Maximum Swingline Loan Amount means $2,000,000.