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.