Swing Line Tranche definition

Swing Line Tranche means the carveout of the Revolving Credit under which overdrafts are available as described in Section 2.1(1).
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Swing Line Tranche is defined in Section 2.1(1).
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Examples of Swing Line Tranche in a sentence

  • Subject to Section 9.1, Advances under the Main Tranche shall be made by the Revolving Lenders and Advances under the Swing Line Tranche shall be made by the Swing Line Lender.

  • Notice and minimum amount requirements for Advances shall not apply to Advances by way of overdraft under the Swing Line Tranche.

  • The subproject includes rehabilitation and channelization of Drain (R1), Channi Himmat Sector 4, 5, 6; Drain (R2), Channi Himmat Sector 3 and Channi Himmat main road Nallah and Drain (R3), Channi Himmat Sector 1&2 and Channi Kamala nallah.

  • While the Swing Line Lender is the sole Lender making Advances under the Swing Line Tranche, its participation in Advances and payments (including standby fees) under the Main Tranche shall be reduced and the participation of the other Revolving Lenders under the Main Tranche shall be correspondingly increased as specified in Schedule A.

  • On the day of receipt of such notice, each of the other Revolving Lenders shall disburse to the Swing Line Lender its respective Applicable Percentage thereof, which shall thereupon be deemed to be Prime Rate Advances (to the extent that the Advances under the Swing Line Tranche were in Canadian Dollars) and Base Rate Advances (to the extent that the Advances under the Swing Line Tranche were in US Dollars), in each case under the Revolving Credit.

  • In particular, members of the supervisory board should actas independent experts, not namely as representatives of the pension fund.

  • The Agent may also, and shall at the request of the Swing Line Lender, require the Borrower to obtain Advances under the Main Tranche and use the proceeds to repay the Swing Line Tranche, or vice versa, if doing so would result in the aggregate of the Advances made by the Swing Line Lender under the Revolving Credit reflecting more closely its overall Applicable Percentage of the Revolving Credit.

  • Subject to the terms hereof, the Swing Line Lender may, at its option, request that the aggregate outstanding Advances under the Swing Line Tranche be reduced by way of Advances under the Revolving Credit.

  • Any notices by the Borrower in connection with the Swing Line Tranche shall be made to the Swing Line Lender.

  • The College has attempted to design transparent and regular communication by involving faculty and staff in a variety of planning groups and teams.

Related to Swing Line Tranche

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

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

  • 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 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.