Examples of Swing Loan Sublimit in a sentence
The aggregate amount of all Swing Loans is subject to compliance with the Swing Loan Sublimit.
Such Swing Loans shall be denominated in any Alternate Currency and in an aggregate principal amount at any time outstanding the Dollar Equivalent of which shall not exceed the Swing Loan Sublimit; provided, however, that at no time shall the Swing Loan Lender make any Swing Loan in an amount in excess of the Dollar Equivalent of the Available Credit.
If, after giving effect to any reduction of the Revolving Credit Commitments pursuant to this Section 2.5, the Canadian Sublimit, the Letter of Credit Sublimit or the Swing Loan Sublimit, as the case may be, exceeds the amount of the Revolving Credit Commitments, then such Canadian Sublimit, Letter of Credit Sublimit or Swing Loan Sublimit shall be automatically reduced by the amount of such excess.
The Administrative Agent agrees, on the terms and conditions set forth in this Agreement, to make loans (each such loan, a "Swing Loan") from time to time during the period from the date hereof to the Facility Termination Date, in an aggregate amount not to exceed the Swing Loan Sublimit; provided however, that, after giving effect to any borrowing of Swing Loans, the aggregate principal amount of all outstanding Advances shall not at any time exceed the Aggregate Commitment.
Subject to the terms and conditions hereof, as part of the Revolving Facility, the Administrative Agent agrees to make Swing Loans in Dollars to each Borrower which shall not in the aggregate at any time outstanding exceed the Swing Loan Sublimit; provided, however, the sum of the aggregate Revolving Facility Exposure at any time outstanding shall not exceed the sum of all Revolving Facility Commitments in effect at such time.