Swing Loan Sublimit definition

Swing Loan Sublimit means the lesser of (a) $75,000,000 and (b) the aggregate principal amount of the Revolving Credit Commitments. The Swing Loan Sublimit is part of, and not in addition to, the Revolving Credit Commitments.
Swing Loan Sublimit means $20,000,000.
Swing Loan Sublimit means $50,000,000.

Examples of Swing Loan Sublimit in a sentence

  • The Obligation of the Borrowers to repay the aggregate unpaid principal amount of the Revolving Credit Loans and Swing Loans made to it by each Lender, together with interest thereon, shall be evidenced by a revolving credit Note and a swing Note dated the Effective Date payable to the order of such Lender in a face amount equal to the Revolving Credit Commitment or Swing Loan Sublimit as applicable, of such Lender.


More Definitions of Swing Loan Sublimit

Swing Loan Sublimit means $15,000,000.
Swing Loan Sublimit means an aggregate of $5,000,000.
Swing Loan Sublimit means $3,000,000.
Swing Loan Sublimit means $25,000,000.
Swing Loan Sublimit means $10,000,000.
Swing Loan Sublimit means a sublimit of the Revolving Credit Commitment equal to $7,500,000.
Swing Loan Sublimit means, at any time, the lesser of (a) $25,000,000 and (b) the aggregate amount of the Revolving Loan Commitments at such time.