Swing Line Reserve definition

Swing Line Reserve has the meaning specified in Section 2.02(b)(i).
Sample 1Sample 2Sample 3
Swing Line Reserve has the meaning specified in Section 2.02(b).
Sample 1Sample 2Sample 3
Swing Line Reserve means the Dollar Equivalent of the aggregate amount requested by the U.S. Borrower to be the "Swing Line Reserve" on the most recent Swing Line Reserve Notice provided to the Administrative Agent and each Swing Line Lender by the U.S. Borrower pursuant to Section 2.19. Swing Line Reserve Notice - see Section 2.19. Syndication Agent -- see the introduction to this Agreement.
Sample 1

Examples of Swing Line Reserve in a sentence

  • The Swing Line Reserve at any time shall be the amount (not exceeding $15,000,000) most recently established by the U.S. Borrower by written notice to the Administrative Agent confirmed in writing by the Swing Line Bank as the maximum aggregate principal amount of Swing Line Borrowings to be outstanding at any one time, provided, that, in no event shall the Swing Line Reserve exceed $15,000,000 at any time.

  • The Swing Line Reserve Notice shall set forth such information with respect to the Swing Line Reserve of each Swing Line Commitment of each Swing Line Lender.

  • The Swing Line Bank shall not at any time permit the aggregate outstanding amount of the Swing Line Advances to exceed the then amount of the Swing Line Reserve.

  • The L/C Bank shall not be obligated to issue a Letter of Credit if such Issuance would cause the sum of the Revolving Advances, the Swing Line Reserve Amount and the Letter of Credit Obligations then outstanding to exceed the Borrowing Base Amount.

  • The L/C Bank and the Issuing Banks shall not be obligated to issue a Letter of Credit if such Issuance would cause the sum of the Revolving Advances, the Swing Line Reserve Amount and the Letter of Credit Obligations then outstanding to exceed the Borrowing Base Amount.

  • A piped supply, as shown in Figure 2, typically takes water from the source, puts it through a distribution system that involves some form of treatment, and then distributes it to public stand-pipes or household taps.

  • The Company may withdraw all or a portion of the Swing Line Reserve Notice at any time upon three (3) Business Days’ written notice to the Administrative Agent and each Swing Line Lender by delivering a revised Swing Line Reserve Notice to each such Person.

  • Ð In Rule 55, Member States may further wish to consider adding text to the effect of including, as much as possible, female and health-carespecialists into the “qualified and experienced inspectors appointed by a competent authority”.

  • The Swing Line Bank shall not at any time permit the aggregate outstanding amount of the Swing Line Advances to exceed the then applicable amount of the Swing Line Reserve.


More Definitions of Swing Line Reserve

Swing Line Reserve has the meaning specified in Section 2.02(b). "SYNDICATION AGENT" has the meaning specified in the recital of parties to this Agreement. 43 38 "TAX AGREEMENT" means that certain tax sharing agreement entered into by and between the U.S. Borrower and the Parent, as amended, supplemented or otherwise modified from time to time, to the extent permitted under Section 5.02(p). "TAX CERTIFICATE" has the meaning specified in Section 5.03(k). "TAXES" has the meaning specified in Section 2.12(a). "TERMINATION DATE" means the earlier of (a) the date of termination in whole of the Revolving Credit Commitments, the Letter of Credit Commitment, the Tranche A U.S. Term Commitments, the Tranche A Euro Term Commitments and the Tranche B Term Commitments pursuant to Section 2.05 or Section 6.01 and (b) (i) for purposes of the Revolving Credit Facility, the Letter of Credit Facility, the Tranche A U.S. Term Facility and the Tranche A Euro Term Facility, April 10, 2007, and (ii) for purposes of the Tranche B Term and for all other purposes, April 10, 2009. "TOTAL DEBT/EBITDA RATIO" means, for any period, the ratio of (A) the sum of (i) Consolidated Debt for Borrowed Money of the U.S. Borrower and its Subsidiaries on the last day of such period, and (ii) without duplication, for the U.S. Borrower and its Subsidiaries, determined on a Consolidated basis, the aggregate amount of the liquidation preference with respect to any Preferred Interests that are not Qualified Preferred Stock issued and outstanding on the last day of such period to (B) Consolidated Pro Forma Adjusted EBITDA of the U.S. Borrower and its Subsidiaries for the four fiscal quarter period ending on the last day of such period, provided there shall be excluded, solely for the purpose of the calculation of Consolidated Debt for Borrowed Money for this definition, any cash or Cash Equivalents maintained by the U.S. Borrower or any of its Subsidiaries for any date of determination during the Fiscal Year ended December 31, 2001. "TRADE LETTER OF CREDIT" means any Letter of Credit that is issued under the Letter of Credit Facility for the benefit of a supplier of Inventory (in its capacity as such) to the U.S. Borrower or any of its Subsidiaries to effect payment for such Inventory. "TRANCHE A EURO TERM ADVANCE" has the meaning specified in Section 2.01(b). "TRANCHE A EURO TERM BORROWING" means a borrowing consisting of simultaneous Tranche A Euro Term Advances made by the Tranche A Euro Term Lenders. "TRANCHE A EUR...
Sample 1

Related to Swing Line Reserve

  • Swing Line Rate means, (a) in respect of Swing Line Loans made in US Dollars or any Alternate Currency other than Canadian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in the relevant currency for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas London to major banks in the London or other offshore interbank market for such currency at their request at approximately 11:00 a.m. (London time) on the first day of such Swing Line Loan and (ii) the Applicable Rate, (b) in the case of Swing Line Loans made in Canadian Dollars, the sum of (i) the Canadian Prime Rate and (ii) the Applicable Rate and (c) in the case of Swing Line Loans made in Australian Dollars, for any Interest Period, the sum of (i) the rate per annum determined by the applicable Swing Line Agent as the rate of interest (rounded upward to the next 1/100th of 1%) at which deposits in Australian Dollars for delivery on the first day of such Swing Line Loan in Same Day Funds in the approximate amount of the Swing Line Loan being made by such Swing Line Agent (or its affiliate) and with a term equivalent to such Interest Period would be offered by BNP Paribas, Sydney Branch to major banks in Sydney at their request at approximately 11:00 a.m. (Sydney time) on the first day of such Swing Line Loan and (ii) the Applicable Rate.

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

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

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • 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).

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

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

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

  • 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.

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

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

  • 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.

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

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

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Revolving Credit Outstandings means the sum of (a) with respect to Revolving Credit Loans and Swingline Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Credit Loans and Swingline Loans, as the case may be, occurring on such date; plus (b) with respect to any L/C Obligations on any date, the aggregate outstanding amount thereof on such date after giving effect to any Extensions of Credit occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.