Swing Line Account definition

Swing Line Account has the meaning given to it in Section 2.9(1).
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Swing Line Account has the meaning assigned to that term in subclause 2.1A(ii)(b).
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Swing Line Account means a deposit account maintained by the Company with the Swing Line Lender as may be designated by Company and the Swing Line Lender to the Administrative Agent from time to time.
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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 the outstanding Wholesale Flooring Swing Line Loans.

  • 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.

  • 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 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 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.

  • Dollar account of Company, referred to herein as a "Swing Line Account".

  • Swing Line Lender will establish (i) at one of its branches in Canada a Canadian Dollar account of Company (the "CANADIAN SWING LINE ACCOUNT"), (ii) at its Principal Office a U.S. Dollar account of Company (the "U.S. SWING LINE ACCOUNT") and (iii) at one of its branches in Canada, a U.S. Dollar account of Company (the "CANADIAN BASED U.S. SWING LINE ACCOUNT" and, together with the Canadian Swing Line Account and the U.S. Swing Line Account, the "SWING LINE ACCOUNTS").

Related to Swing Line Account

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

  • Swing Line Lender means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

  • Swing Line Rate means, (a) in respect of Swing Line Loans made in US Dollars or any Alternate Currency other than Canadian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in the relevant currency for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas London to major banks in the London or other offshore interbank market for such currency at their request at approximately 11:00 a.m. (London time) on the first day of such Swing Line Loan and (ii) the Applicable Rate, (b) in the case of Swing Line Loans made in Canadian Dollars, the sum of (i) the Canadian Prime Rate and (ii) the Applicable Rate and (c) in the case of Swing Line Loans made in Australian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in Australian Dollars for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas, Sydney Branch to major banks in Sydney at their request at approximately 11:00 a.m. (Sydney time) on the first day of such Swing Line Loan and (ii) the Applicable Rate.

  • Swing Line Loan Notice means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.

  • Swing Line Note means a promissory note of the Borrower payable to the Swing Line Lender or its registered assigns, in substantially the form of Exhibit D-3 hereto, evidencing the aggregate Indebtedness of the Borrower to the Swing Line Lender resulting from the Swing Line Loans.

  • Swingline Participation Amount as defined in Section 2.7(c).