Swing Line Participations definition

Swing Line Participations has the meaning specified in ‎Section 2.19(a).
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Examples of Swing Line Participations in a sentence

  • Election and Term of Office The Directors shall be elected by cumulative voting of the shareholders entitled to vote, and shall hold office for a term of three years or until their respective successors are elected, or until their death, resignation or removal.

  • Upon such purchase, to the extent of the rights and benefits assigned, such Bank shall no longer be a party hereto or have any rights or benefits hereunder (except for rights or benefits that such Bank would retain hereunder upon termination of this Agreement) and the replacement Bank shall succeed to the rights and benefits, and shall assume the obligations, of such Bank hereunder, including such Bank’s Letter of Credit Participations and Swing Line Participations, and under such Bank’s Note.

  • The obligations of the Lenders hereunder to make Revolving Credit Loans, to fund L/C Participations, Swing Line Participations and Protective Advance Participations and to make payments pursuant to Section 10.04(c) are several and not joint.

  • Immediately upon the making of a Swing Line Loan, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender risk participations in such Swing Line Loan as Tranche 1 Swing Line Participations and Tranche 2 Swing Line Participations in the manner set forth in Section 2.04(b).

  • Upon such purchase, to the extent of the rights and benefits assigned, such Bank shall no longer be a party hereto or have any rights or benefits hereunder (except for rights or benefits that such Bank would retain hereunder upon termination of this Agreement) and the replacement Bank shall succeed to the rights and benefits, and shall assume the obligations, of such Bank hereunder, including such Bank’s Letter of Credit Participations and Swing Line Participations, and under such Bank’s A Note.

  • All Tranche 1 Revolving Credit Loans made pursuant to any such Facility Increase (i) are herein referred to herein as “Tranche 1 Additional Loans” and (ii) shall be priced on a basis identical to the existing Tranche 1 Revolving Credit Loans, Tranche 1 Swing Line Participations and Tranche 1 Protective Advance Participations.

  • Work is underway to embed social value in procurement and commissioning.

  • Swing Line Participations shall be evidenced by this Agreement, the participation certificates furnished by the Swing Line Bank pursuant to Section 1.05(b)(ii)(A), if any, and the records of the Swing Line Bank.

  • The obligations of the Lenders hereunder to make Revolving(d) Credit Loans, to fund L/C Participations, Swing Line Participations and Protective Advance Participations and to make payments pursuant to Section 10.04(c) are several and not joint.

  • The obligations of the Lenders hereunder to make Revolving Credit Loans, to fund L/C Participations, Swing Line Participations, Overadvance Loans and Protective Advance Participations and to make payments pursuant to Section 10.04(c) are several and not joint.

Related to Swing Line Participations

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

  • Swing Line Loans means the Loans made by Swing Line Lender to Company pursuant to subsection 2.1A(iii).

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

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

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

  • L/C Participation shall have the meaning provided in Section 3.3(a).

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

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

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

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

  • Participation Commitment means each Lender’s obligation to buy a participation of the Letters of Credit issued hereunder.

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Revolving Credit Lender pursuant to Section 2.02(b).

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender, (b) with respect to any Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Credit Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

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

  • 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 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 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 Pro Rata Share of the total Swing Line Exposure at such time.

  • Lender Participation Notice has the meaning specified in Section 2.05(d)(iii).

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

  • Swingline Loans as defined in Section 2.6.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Swingline The facility pursuant to which the SwingLine Lender may advance Revolving Credit Loans aggregating up to the SwingLine Loan Ceiling.