Swing Borrowing definition

Swing Borrowing means a borrowing hereunder consisting of Swing Advances made to the Borrower by the Swingline Lender pursuant to Article II.

Swing Borrowing means a Borrowing pursuant to Section 2.1(c).

Swing Borrowing means a Borrowing that is advanced by Administrative Agent to any Co-Borrower under the Swing Sublimit.

Examples of Swing Borrowing in a sentence

• Each Borrowing or Swing Borrowing and each Notice of Continuation or Conversion hereunder shall be deemed to be a representation and warranty by the Loan Parties on the date of such Borrowing or Swing Borrowing as to the truth and accuracy of the facts specified in clauses (c), (d) and (e) of this Section.

• Each Advance included in any Borrowing or Swing Borrowing shall mature, and the principal amount thereof, together with all accrued unpaid interest thereon, shall be due and payable on the Termination Date.

• Each Advance included in any Borrowing or Swing Borrowing shall mature, and the principal amount thereof, together with all accrued unpaid interest thereon, shall be due and payable on the Final Maturity Date.

• If for any reason a Swing Borrowing cannot be refinanced by such a Revolver Borrowing on such fifth Domestic Business Day, then each Lender other than Swing Line Lender shall purchase a participating interest in such Swing Advances in an amount equal to its ratable share (based upon its respective Revolver Commitment) of such Swing Advances.

• On the fifth Domestic Business Day following the making of any Swing Borrowing under this Section 2.01(b), such Swing Borrowing shall automatically be refinanced by a Revolver Borrowing under Section 2.02.

More Definitions of Swing Borrowing

Swing Borrowing means Swing Loans made by the Agent on the same Business Day pursuant to the same Swing Borrowing Request.

Swing Borrowing means a borrowing hereunder consisting of Swing Advances made to the Borrower by the

Swing Borrowing means any Borrowing under the Swing Subfacility.

Swing Borrowing means a Warehouse Borrowing that is (a) either a Dry Borrowing or Wet Borrowing but not a Gestation Borrowing or a LIBOR Borrowing, (b) advanced by Agent to Borrower under the Swing Sublimit, and (c) supported by the Borrowing Base for Mortgage Collateral.

Swing Borrowing means any Swing Loan.

Swing Borrowing means a borrowing hereunder consisting of Swing Advances made to the Borrower by the Swingline Lender pursuant to Article II. A Swing Borrowing is a “Base Rate Borrowing” if such Swing Advances are Base Rate Advances. A Swing Borrowing is an “Index Term Benchmark Borrowing” if such Swing Advances are Index Term Benchmark Advances.

Swing Borrowing means a Borrowing that is advanced to Borrower by Swing Lender under SECTION 2.3.