Swing Advance Bank definition

Swing Advance Bank means Chase.
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Swing Advance Bank means BT.
Sample 1

Examples of Swing Advance Bank in a sentence

  • The Administrative Agent shall use such funds to repay the Swing Advance to the Swing Advance Bank.

  • The Swing Advance Bank shall be entitled to rely on the most recent Borrowing Base Certificate delivered to the Administrative Agent.

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  • Upon fulfillment of the applicable conditions set forth in Article III, the Swing Advance Bank will make each Swing Advance available on the same day to the Borrower at the Agent's address referred to in Section 10.

  • From and after the date on which any Lender purchases an undivided participation interest in a Swing Advance pursuant to this paragraph (e), the Swing Advance Bank shall promptly distribute to such Lender such Lender's Ratable Portion of all payments of principal and of interest on such Swing Advance, other than those received from a Lender pursuant to this Section 2.

  • Upon such payment by a Lender, the Swing Advances shall be deemed to have been repaid and such Lender shall be deemed to have made an Advance to the Borrower and the REIT in the amount of such payment and such Advance shall constitute a Base Rate Portion unless Borrower and the REIT or the Swing Advance Bank requested a conversion into a Eurodollar Rate Portion.

  • Each Lender shall before 12:00 Noon (New York City time) on the next Business Day or, if Borrower or the Swing Advance Bank requested a Conversion of the Swing Advance into a Eurodollar Rate Portion, on the fourth Business Day after it has received notice from the Administrative Agent, make available to the Administrative Agent, in immediately available funds, the amount of its Ratable Portion of the principal amount of such Swing Advances.

  • To the extent that any Lender fails to make such payment to the Swing Advance Bank, the Borrower and the REIT shall repay such Swing Advances on demand and in any event on the Final Maturity Date.

  • Any Advance under the Revolving Credit Facility which is a) in an amount less than $15,000,000.00 and b) is requested to be made on a date that is not the date on which an Interest Period for a then outstanding Eurodollar Rate Portion expires shall be made by the Swing Advance Bank as a Swing Advance, subject to compliance with the conditions of Section 2.17 with respect to Swing Advances.

  • Upon fulfillment of the applicable conditions set forth in Article III, the Swing Advance Bank will make each Swing Advance available on the same day to the Borrower at the Administrative Agent's address referred to in Section 10.

Related to Swing Advance Bank

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

  • Revolving Advance has the meaning given in Section 2.1.

  • 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).

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

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

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

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

  • Swing Line Loans as defined in Section 2.6.

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

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

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

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • 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.

  • PMI Advance As defined in the related Servicing Agreement, if applicable.

  • 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.

  • Administrative Advance shall have the meaning given thereto in the Lead Securitization Servicing Agreement.

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

  • Loan Advance The meaning specified in Section 2.2(a).

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

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

  • 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.

  • 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 Lender means Xxxxx Fargo or any other Lender that, at the request of Borrowers and with the consent of Agent agrees, in such Lender’s sole discretion, to become the Swing Lender under Section 2.3(b) of the Agreement.

  • Canadian Swingline Loan means a Swingline Loan made to the Canadian Borrower.

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Revolving Loan means a Loan made pursuant to Section 2.01.