Examples of Swing Line Amount in a sentence
Any such partial reduction of the Maximum Committed Credit Amount shall also effect a like reduction in the Maximum Credit Amount and, to the extent that the Maximum Committed Credit Amount is reduced to an amount less than the Swing Line Amount, a like reduction in the Swing Line Amount.
Each Swing Line Lender must consent to any increase in the Maximum Swing Line Amount.
The basic model’s several shortcomings, most notably its inherent assumption of independence from irrelevant alternatives (IIA) have motivated researchers to develop a variety of alternative formulations.
If and each time the Swing Line Lender determines (which determination shall be conclusive and bind the Borrower, absent manifest error) that the Outstanding Amount of all Advances under the Swing Line exceeds the Swing Line Amount by reason of fluctuations in exchange rates, the Swing Line Lender may request (or if such excess is more than five percent (5%) of the Swing Line Amount shall request) the Borrower to repay the entire excess.
The Swing Line Lender shall not permitted to make any Swing Line Loan if, after giving effect thereto, (a) the aggregate amount of all Swing Line Loans outstanding would exceed the Swing Line Amount or (b) the aggregate Credit Exposures of all Lenders would exceed the lesser of (i) the Loan Commitment Amount and (ii) the Borrowing Base then in effect.