Swing Lines definition

Swing Lines means one or more revolving lines of credit established by the Swing Line Lenders in favor of Borrowers pursuant to Section 2.5.
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Swing Lines means one or more revolving lines of credit established by the Swing Line Lenders in favor of Borrowers pursuant to Section 2.5. “Swing Line Advances” means Advances made by the Swing Line Lenders to any of the Borrowers pursuant to Section 2.5.
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Examples of Swing Lines in a sentence

  • Each payment or prepayment of principal of any Advance, and each payment of interest on the Advances, shall be allocated first to the payment or prepayment of principal of, or interest on, the Swing Lines Advances; and second, pro rata among the Lenders in accordance with the respective principal amounts of their outstanding Advances.

  • The standby fee payable on the Swing Line Loan Limit shall be applied to the Swing Line Loan Limit less the Principal Amount of Swing Line Loans outstanding and shall accrue solely to the Swing Line Lender (provided that for the purposes of calculating standby fees on the remainder of the Swing Line's Lender's Individual Commitment Amount, the Swing Line Loan Limit shall be deducted from such Individual Commitment).

  • Each Lender shall make an amount equal to its Percentage Share of the Swing Lines Loans available to the Agent in immediately available funds for the account of the Swing Line Lender not later than the time when similar notices from the Company are to be honored under this Agreement, whereupon each such Lender that makes funds available shall be deemed to have made a Revolving Loan to the Company in such amount.

  • Each Lender shall make an amount equal to its Percentage Share of the Swing Lines Loans available to the Administrative Agent in immediately available funds for the account of the Swing Line Lender not later than the time when similar notices from the Borrower are to be honored under this Agreement, whereupon each such Lender that makes funds available shall be deemed to have made a Revolving Loan to the Borrower in such amount.

  • If an Agent cancels any Relevant Revolving Facility in whole or in part pursuant to Section 15.1.1, that Agent shall, unless a Relevant Swing Line Lender agrees otherwise, also cancel the Relevant Swing Lines in their entirety.

  • The standby fee payable on the Swing Line Loan Limit shall be applied to the Swing Line Loan Limit less the Principal Amount of Swing Line Loans outstanding and shall accrue solely to the Swing Line Lender (provided that for the purposes of calculating standby fees on the remainder of the Swing Line's Lender's Individual Commitment Amount, the Swing Line Loan Limit shall be deducted from such Individual Commitment Amount).

  • Each Loan, each payment or prepayment of principal of any ----- Loan, and each payment of interest on the Loans shall be allocated first to the payment or prepayment of principal of, or interest on, the Swing Lines Loans, and second, pro rata among the Lenders in accordance with the respective principal amounts of their outstanding Loans.

Related to Swing Lines

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

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

  • Swing Line Loans as defined in Section 2.6.

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

  • 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.

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

  • Swing Line Rate means an interest rate per annum offered by the Swing Line Lender with respect to the Swing Line Loans, as determined in its sole discretion, but in any event not in excess of the rate applicable to Base Rate Loans at the time of determination.

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

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

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

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

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

  • Swing Line Note means the promissory note of the Borrowers substantially in the form of Exhibit C-2, payable to the order of the Swing Line Lender, evidencing the Swing Line Loans made by the Swing Line Lender.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

  • 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 Applicable Percentage of the total Swing Line Exposure at such time.

  • Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).

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

  • Swing Line Participation Amount as defined in Section 2.7.

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Swingline Loan Notice means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit J or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

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