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Swing Line Availability definition

Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).
Swing Line Availability means the lesser of (a) the Swing Line Commitment Amount and (b) Revolving Loan Availability (less Revolving Outstandings at such time).
Swing Line Availability has the meaning assigned to it in Section 1.1(b)(i).

Examples of Swing Line Availability in a sentence

  • The aggregate amount of Swing Line Loans outstanding shall not exceed at any time Swing Line Availability.

  • If the Swing Line Lender declines to make a Swing Line Loan or if Swing Line Availability is zero, Agent shall notify Revolving Lenders, promptly after receipt of a Notice of Revolving Credit Advance and in any event prior to 1:00 p.m. (New York time) on the date such Notice of Revolving Advance is received, by telecopy, telephone or other similar form of transmission.

  • A ma- 13 jority of the members of the commission shall constitute a quorum for 14 the exercise of the powers or authority conferred upon it.

  • If the Swing Line Lender declines to make a Swing Line Loan or if Swing Line Availability is zero, Agent shall notify Revolving Lenders, promptly after receipt of a Notice of Revolving Credit Advance and in any event prior to 1:00 p.m. (New York time) on the date such Notice of a Revolving Credit Advance is received, by fax, telephone or other similar form of transmission.

  • If Swing Line Lender declines to make a Swing Line Loan or if Swing Line Availability is zero, Agent shall notify Lenders, promptly after receipt of a Notice of Revolving Credit Advance and in any event prior to 1:00 p.m. (New York time) on the date such Notice of Revolving Credit Advance is received, by fax, telephone or other similar form of transmission.


More Definitions of Swing Line Availability

Swing Line Availability means, at any time, the lesser of (a) $50,000,000, or (b) the difference between (i) the Availability at such time and (ii) the sum of the Outstanding Amount of all Loans and the Outstanding Amount of all L/C Obligations at such time.
Swing Line Availability means, as of any date of determination, the lesser of (a) the Swing Line Commitment Amount on such date and (b) Excess Availability on such date.
Swing Line Availability means, as of any date of determination, the least of (a) the Swing Line Commitment, (b) the Maximum Amount minus the aggregate Revolving Loan then outstanding and (c) an amount equal to (i) the U.S. Borrowing Base as of such date minus (ii) the aggregate outstanding principal balance of the Revolving Credit Advances made to the U.S. Borrowers as of such date minus (iii) the Dollar Equivalent of the aggregate Letter of Credit Obligations incurred on behalf of the U.S. Borrowers as of such date.
Swing Line Availability is defined in Section 2.1(b)(i) hereof.
Swing Line Availability has the meaning given that term in Section 2.05(a).
Swing Line Availability has the meaning assigned to it in Section ----------------------- ------- 1.1
Swing Line Availability means, as of any date of determination, an amount equal to the lesser of (i) Funding Availability as of such date and (ii) the difference between (A) the Swing Line Commitment as of such date and (B) the principal balance of the Swing Line Loan as of such date.