Swing Line Account definition

Swing Line Account has the meaning given to it in Section 2.9(1).
Swing Line Account has the meaning assigned to that term in subclause 2.1A(ii)(b).
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.

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.

Related to Swing Line Account

  • 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).

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Swing Line Participation Amount as defined in Section 2.7.

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

  • Swing Line Loans as defined in Section 2.6.

  • Swing Line means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Swing Line Bank has the meaning specified in the recital of parties to this Agreement.

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

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

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

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

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Line Rate means an interest rate per annum offered by the Swing Line Lender with respect to the Swing Line Loans, as determined in its sole discretion, but in any event not in excess of the rate applicable to Base Rate Loans at the time of determination.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • 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 Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Swing Line Note means the promissory note of the Borrowers substantially in the form of Exhibit C-2, payable to the order of the Swing Line Lender, evidencing the Swing Line Loans made by the Swing Line Lender.

  • Swing Line Lenders means each of the Lenders that has a Swing Line Commitment on Schedule 2.1 hereto, or any successor swing line lender hereunder.

  • Swing Line Exposure means, at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender at any time shall be its Applicable Percentage of the total Swing Line Exposure at such time.

  • Swing Line Loan Participation Certificate a certificate in substantially the form of Exhibit I.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

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

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

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

  • Swing Line Obligations means, as at any date of determination, the aggregate principal amount of all Swing Line Loans outstanding.