Examples of Swing Line in a sentence
If such Revolving Lender pays its share of the applicable Committed Borrowing or participation to the Administrative Agent or the Canadian Agent, as applicable, then the amount so paid shall constitute such Revolving Lender’s Committed Loan included in such Committed Borrowing or participation in such Letter of Credit or Swing Line Loan.
The Swing Line Lender shall furnish the Parent or the Canadian Borrower, as applicable, with a copy of the applicable Committed Loan Notice promptly after delivering such notice to the Administrative Agent or the Canadian Agent, as applicable.
A certificate of the Swing Line Lender submitted to any Revolving Lender (through the Administrative Agent or the Canadian Agent, as applicable) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.
No such funding of risk participations shall relieve or otherwise impair the obligation of any Borrower to repay Swing Line Loans, together with interest as provided herein.
Notwithstanding anything to the contrary contained herein, the Borrowers may rescind any notice of prepayment provided pursuant to this Section 2.05(b) if such prepayment was to have been made with the proceeds of a refinancing of all part of the Swing Line Loans hereunder or from the proceeds of an asset sale or similar transaction, which refinancing, asset sale or similar transaction shall not have been consummated or shall otherwise have been delayed.