Swing Line Borrowing Due Date definition

Swing Line Borrowing Due Date for each Swing Line Borrowing means the fifth (5th) Business Day, or such earlier Business Day as JPMorgan in its sole discretion shall elect, following the Business Day when JPMorgan funds such Borrowing under the Swing Line; provided that JPMorgan agrees not to exercise such discretion to choose a due date in a manner that would materially affect the Companies’ ability to borrow under this Agreement unless a Default has occurred that has not been cured by the Companies or declared in writing by the Agent to have been waived or any Event of Default has occurred that the Agent has not declared in writing to have been cured or waived.

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Swing Line Borrowing Due Date for each Swing Line Borrowing means the fifth (5th) Business Day, or such other Business Day, whether before or after such fifth (5th) Business Day, as Texas Commerce in its sole discretion shall elect, following the Business Day when Texas Commerce funds such Borrowing under the Swing Line; provided that Texas Commerce agrees not to exercise such discretion to choose a due date in a manner that would materially affect the Company's ability to borrow under this Agreement unless a Default has occurred that has not been cured by the Company or declared in writing by the Agent to have been waived or any Event of Default has occurred that the Agent has not declared in writing to have been cured or waived.

Swing Line Borrowing Due Date is defined in Section 3.6(e).

Examples of Swing Line Borrowing Due Date in a sentence

• Each Swing Line Advance shall be repaid on its Swing Line Borrowing Due Date by the Agent’s paying over to JPMorgan out of the relevant Note Payment Account, and JPMorgan’s applying against such outstanding Swing Line Borrowing, an amount equal to the proceeds of the Funding Shares funded by all of the other Lenders on that day against the same Request for Borrowing that was initially funded by such Swing Line Advance.

• Each Swing Line Advance shall be repaid on its Swing Line Borrowing Due Date by the Agent's paying over to JPMorgan out of the Note Payment Account, and JPMorgan's applying against such outstanding Swing Line Borrowing, an amount equal to the proceeds of the Funding Shares funded by all of the other Lenders on that day against the same Request for Borrowing that was initially funded by such Swing Line Advance.

• Each Swing Line Advance shall be repaid on its Swing Line Borrowing Due Date by the Agent’s paying over to JPMorgan out of the Note Payment Account, and JPMorgan’s applying against such outstanding Swing Line Borrowing, an amount equal to the proceeds of the Funding Shares funded by all of the other Lenders on that day against the same Request for Borrowing that was initially funded by such Swing Line Advance.