Examples of Swing Line Account in a sentence
The Swing Line Account shall record the day to day banking business of Company conducted through the Swing Line Lender.
The term of the Revolving Facility and the Swing Line Account contained therein shall commence on the Closing Date and end on the Maturity Date.
The proceeds of the Wholesale Flooring Loans shall be deposited by the Administrative Agent to the applicable Wholesale Flooring Swing Line Account to be applied against all of the outstanding Wholesale Flooring Swing Line Loans.
The Borrower may obtain a Swing Line Loan on any Business Day by accessing its operating checking account at Xxxxxxx (the "Swing Line Account").
The Swing Line Lender has established at its Branch of Account an account for each Revolving Facility Borrower which is referred to as a "Swing Line Account." The Swing Line Account shall record the day to day banking business of each Revolving Facility Borrower through the Swing Line Lender (other than under this Agreement).
The proceeds of each Swing Line Loan shall be made available to the Borrower as provided in the Swing Line Account Agreement.
The proceeds of the Wholesale Flooring A Loans shall be deposited by the Administrative Agent to the applicable Wholesale Flooring Swing Line Account to be applied against all of the outstanding Wholesale Flooring Swing Line Loans.
On each Business Day that the Target Balance exceeds the Collected Balance in the Swing Line Account (such amount, the “Target Balance Shortfall Amount”), the Company shall be deemed to have requested a Swing Line Loan to be disbursed on such Business Day in an amount equal to the Target Balance Shortfall Amount.
The Commission also modifies its rules to limit all operations in the Lower 700 MHz D and E Blocks to downlink only.
Any time the Borrower obtains a Swing Line Loan hereunder, the Borrower shall be deemed to have made a representation and warranty to the Lenders as to the correctness of the matters specified in subsections (b), (c), (d) and (e) of Section 5.2. Xxxxxxx shall block the Borrower's access to the Swing Line Account any time the conditions in subsections (b), (c), (d) or (e) of Section 5.2 are not true and correct.