Swing Loan definition

Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

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Swing Loan means any loan made by the Swing Line Lender under the Swing Line Facility pursuant to Section 2.04.

Swing Loan has the meaning specified in Section 2.3 (Swing Loans).

Examples of Swing Loan in a sentence

Each Swing Loan shall be in a minimum amount of $250,000 or such greater amount which is an integral multiple of $100,000.
Each Lender that so purchases a participation in a Swing Loan shall thereafter be entitled to receive its Revolver Percentage of each payment of principal received on the Swing Loan and of interest received thereon accruing from the date such Lender funded to the Administrative Agent its participation in such Loan.
Subject to the terms and conditions hereof, the proceeds of any such Swing Loan shall be made available to the Borrowers on the date so requested at the offices of the Swing Line Lender in New York, New York.
The Borrowers’ Agent shall give the Swing Line Lender prior notice (which may be written or oral), no later than 1:00 p.m. (New York City time) on the date upon which the Borrowers’ Agent requests that any Swing Loan be made, and of the amount and date of such Swing Loan.
Anything contained in the foregoing to the contrary notwithstanding (i) the obligation of the Swing Line Lender to make Swing Loans shall be subject to all of the terms and conditions of this Agreement, and (ii) the Swing Line Lender shall not be obligated to make more than one Swing Loan during any one day.

More Definitions of Swing Loan

Swing Loan and “Swing Loans” each is defined in Section 1.7 hereof.

Swing Loan has the meaning set forth in Section 2.3(d)(i).

Swing Loan means a loan that shall be denominated in Dollars made to US Borrower by the Swing Line Lender under the Swing Line Commitment, in accordance with Section 2.2(c) hereof.

Swing Loan means a Loan made by Wachovia pursuant to Section 2.01(b), which must be a Base Rate Loan or a Transaction Rate Loan.

Swing Loan is defined in Section 2.16.

Swing Loan has the meaning set forth in SECTION 2.3(d)(i).

Swing Loan has the meaning specified in clause (i) of subsection 1.1(c).