Swing Line Borrower definition

Swing Line Borrower. IBM and, subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld), any Subsidiary Borrower designated as a “Swing Line Borrower” in the relevant Subsidiary Borrower Notice and Designation.
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Swing Line Borrower has the meaning specified in Section 2.04(b).
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Swing Line Borrower means Toro or TCC borrowing pursuant to Section 2.04.
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Examples of Swing Line Borrower in a sentence

  • Within the foregoing limits, and subject to the other terms and conditions hereof, any Swing Line Borrower may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04.

  • No such funding of risk participations shall relieve or otherwise impair the obligation of a Swing Line Borrower to repay the applicable Swing Line Loans, together with interest as provided herein.

  • The applicable Swing Line Borrower shall repay the aggregate principal amount of each Swing Line Loan on the earlier to occur of (i) the date five (5) Business Days after such Loan is made and (ii) the Maturity Date for the U.S.2025 Refinancing Revolving Credit Facility.

  • If such notice is given by the Parent Borrower, the applicable Swing Line Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.


More Definitions of Swing Line Borrower

Swing Line Borrower means each of the Company and Pentair Global.
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Swing Line Borrower means, (a) with respect to a Dollar Denominated Swing Line Loan, SDM, and (b) with respect to an Alternate Currency Swing Line Loan, the applicable Subsidiary Swing Line Borrower.
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