Swing Loan Lenders definition

Swing Loan Lenders. KeyBank and Citibank, each in its capacity as a Swing Loan Lender, and any successors thereto in such capacity.
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Swing Loan Lenders means the Alternative Currency Swing Loan Lender, in its capacity as a Lender of Alternative Currency Swing Loans, and the U.S. Dollar Swing Loan Lender, in its capacity as a lender of U.S. Dollar Swing Loans.
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Swing Loan Lenders means each of The Bank of New York and Fleet National Bank, individually and collectively.
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Examples of Swing Loan Lenders in a sentence

  • Swing Loan Lender's agreement to make Swing Loans under this Agreement is cancelable at any time for any reason whatsoever and the making of Swing Loans by Swing Loan Lender from time to time shall not create any duty or obligation, or establish any course of conduct, pursuant to which Swing Loan Lender shall thereafter be obligated to make Swing Loans in the future.

  • If such Bank does not pay such amount forthwith upon the Swing Loan Lender's demand therefor, and until such time as such Bank makes the required payment, the Swing Loan Lender's remaining interest in the applicable Swing Loan shall continue to include the amount of such unpaid participation obligation.

  • Each Revolving Credit Lender will immediately transfer to the Swing Loan Lenders in immediately available funds the applicable amount of its participation and upon receipt thereof each Swing Loan Lender will deliver to such Revolving Credit Lender a Swing Loan participation certificate dated the date of receipt of such funds and in the amount received by such Swing Loan Lender.

  • There shall be no amendment, modification or waiver of any provision in the Loan Documents with respect to Swing Loans without the consent of the Swing Loan Lenders, nor any amendment, modification or waiver of any provision in the Loan Documents with respect to Letters of Credit without the consent of the Issuing Lenders.

  • The Swing Loan Notes shall be payable to the order of the Swing Loan Lenders in the principal face amount equal to each such Swing Loan Lender’s Swing Loan Commitment and shall be payable as set forth below.

  • The proceeds of the Swing Loan will be disbursed by wire by the Swing Loan Lenders (in accordance with their respective Swing Loan Shares) to the Borrowers no later than 3:00 p.m. (Eastern time) on the requested Drawdown Date.

  • In order to minimize the transfer of funds between the Lenders and the Administrative Agent, the Borrowers may borrow, repay and reborrow Swing Loans and the Swing Loan Lenders may make Swing Loans as provided in Section 2.1.2 [Swing Loan Commitments] hereof during the period between Settlement Dates.

  • Nothing herein shall obligate any Lender other than the Swing Loan Lenders to make Swing Loans.

  • Not later than 2:00 P.M. (New York City time) on the date of each Swing Loan Borrowing, the Swing Loan Lender shall, unless it determines that any applicable condition specified in Article 3 has not been satisfied, make available the amount of such Swing Loan Borrowing, in Federal or other funds immediately available in New York City, to the Borrower at the Swing Loan Lender's address specified in or pursuant to Section 9.01.

  • The obligation of each Lender to pay the Agent for the account of the Swing Loan Lenders under this Section 2.1.2 shall be unconditional, continuing, ------------- irrevocable and absolute.

Related to Swing Loan Lenders

  • Term Loan Lender means a Lender with a Term Loan Commitment or a Term Loan.

  • 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 Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part. Swing Loan Request shall mean a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Credit Loans as defined in Section 2.1.

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