Swing Loan Settlement Date definition

Swing Loan Settlement Date is defined in Section 2.01(g).
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Swing Loan Settlement Date means the Tuesday of each week (if such day is a Business Day and if not, the next succeeding Business Day) and any other Business Day on which the Agent elects to effect settlement pursuant to Section 2.12.
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Examples of Swing Loan Settlement Date in a sentence

  • On each Overdraft Settlement Date (with respect to the Multicurrency Facility) and on each Swing Loan Settlement Date (with respect to the Domestic Facility), the Administrative Agent shall provide to each Lender under the applicable Credit Facility copies of the most recent schedules provided to it by each Issuing Bank under such Credit Facility.

  • On each Swing Loan Settlement Date, not later than 2:00 P.M. (Pittsburgh, Pennsylvania time), the Agent shall notify each Bank of its Commitment Percentage for Revolving Credit Loans of the total of the Revolving Credit Loans to be made on such date to repay the Swing Loans.

  • These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 2.12 shall relieve the Banks of their obligations to fund Revolving Credit Loans on dates other than a Swing Loan Settlement Date pursuant to Section 2.1 or 2.2(B).

  • Prior to 4:00 P.M. (Pittsburgh, Pennsylvania time) on such Swing Loan Settlement Date, each Bank with Revolving Credit Commitments shall pay to the Agent the amount of its Revolving Credit Loan to repay the outstanding Swing Loans.

Related to Swing Loan Settlement Date

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

  • Swing Line Loans means the Loans made by Swing Line Lender to Company pursuant to subsection 2.1A(iii).

  • Swing Line Borrowing Notice is defined in Section 2.4.2.

  • Mandatory Settlement Date means the earliest of:

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Subscription Settlement Date means the second Valuation Date after the Subscription Trade Date, provided that such Valuation Date is not a Disrupted Day and that such Valuation Date is both a Currency Business Day and a Clearing System Business Day.

  • Remarketing Settlement Date means the date of the settlement of any Successful Remarketing, which will be three Business Days after such Remarketing.

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

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

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

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

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

  • Swing Loans each is defined in Section 1.7 hereof.

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

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.