Swing Loan Advance definition

Swing Loan Advance means an Advance under the Swing Loan.
Sample 1Sample 2Sample 3
Swing Loan Advance. Any advance of the Swing Loans. ------------------
Sample 1
Swing Loan Advance means an Advance under the Swing Loan. "Swing Note" means the promissory note of the Borrower
Sample 1

Examples of Swing Loan Advance in a sentence

  • In November, France was stripped of its coveted AAA status by financial ratings agencies, unemployment hit a 13-year high, while its insistence of maintaining high French agricultural subsidies helped lead to the failure of the EU to reach an accord on EU spending for 2014-2020.

  • Each Advance of the Swing Loans shall be due and payable on the earliest of (i) seven (7) days from the date of such Advance, (ii) the date of the next Advance of the Revolving Loans, or (iii) the Initial Maturity Date; provided, however, the Borrower may prepay any Swing Loan Advance prior to the date it is due upon notice to the Swing Loan Lender not later than 1:00 p.m. (New York time) on the date of prepayment of such Advance.

  • Each Swing Loan Advance shall be made after notice by the Borrower to the Swing Loan Lender ("Notice of Swing Loan Request").

  • Subject to the terms and conditions of this Agreement, and for so long as no Event of Default exists and no covenant, term or condition contained in any of the Credit Documents will be breached or violated as a result of such Swing Loan Advance, SouthTrust agrees to make Swing Loan Advances to Borrower from time to time during the Commitment Period, in an aggregate principal amount at any time outstanding not to exceed $15,000,000 less the outstanding principal balance of the Swing Loan Note.

  • Upon the earlier to occur of (i) the date 10 Business Days after each Swing Loan Advance, and (ii) demand by the Swing Lender, the Borrower shall promptly borrow Revolving Credit Loan Advances from the Lenders, pursuant to Section 2.1 hereof and apply the proceeds of such Revolving Credit Loan Advances to the repayment of such Swing Loan Advance then due.

  • Swing Loans shall be paid in full by the Borrower on or before the seventh Business Day after the date of the Swing Loan Advance.

  • Upon the earlier to occur of (i) the date fourteen (14) Business Days after each Swing Loan Advance, and (ii) demand by the Swing Lender, the Borrower shall promptly borrow Tranche A Loans from the Lenders, pursuant to Section 2.1 hereof and apply the proceeds of such Tranche A Loans to the repayment of such Swing Loan Advance then outstanding.

  • In the event the Borrower shall fail to repay when due any Swing Loan Advance, each Lender with a Revolving Credit Commitment shall irrevocably and unconditionally purchase from the Swing Lender an SL Participation in such Swing Loan Advance in lawful money of the United States and in the same day funds, in an amount equal to such Lender’s pro rata share (based on the Revolving Credit Commitments) of the principal amount of such Swing Loan Advances then due.

  • It encompasses working safely; apply extensive knowledge of d.c machine operation and construction and their application, gathering and analysing data, applying problem solving techniques, developing and documenting solutions and alternatives.Note.Typical machine problems are those encountered in meeting performance requirements and compliance standards, revising machine operating parameters and dealing with machine malfunctions.

  • The Swing Loan Lender shall initiate the transfer of funds representing the Swing Loan Advance to the applicable Borrower by 3:00 p.m. (Dallas time) on the Business Day specified by such Borrower in the applicable Swing Loan Request.

Related to Swing Loan Advance

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(S) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Loan Advance The meaning specified in Section 2.2(a).

  • 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 Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Swing Loans means collectively and “Swing Loan” shall mean separately all Swing Loans or any Swing Loan made by the Swingline Lender to the Borrower pursuant to Section 2.6.3 [Making Swing Loans].

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

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

  • Swingline Loan Request has the meaning set forth in Section 2.06(b).

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

  • Revolving Advance has the meaning given in Section 2.1.

  • 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.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Swing Line Loans as defined in Section 2.6.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.