Swing Rate definition

Swing Rate means the Base Rate plus the Applicable Margin for Base Rate Loans in effect from time to time.

Swing Rate means the rate of interest specified by the Swing Line Lender to Borrower as being applicable to a Swing Line Loan requested by Borrower pursuant to Section 2.08(c).

Swing Rate means, for any period, the rate per annum offered by the Swing Bank and accepted by the Borrower.

Examples of Swing Rate in a sentence

• As amended, loans under the Credit Facilities bear interest, at the Company’s option, at either the Euro-Rate (as defined in the Credit Agreement), or in the case of swing loans, the Swing Rate (as defined in the Credit Agreement), plus 3.00% or the Base Rate (as defined in the Credit Agreement) plus 2.00%, with 0.25% step-downs based on the achievement of certain leverage ratios.

• As amended, loans under the Credit Facilities bore interest, at the Company’s option, at either the Euro-Rate (as defined in the Credit Agreement), or in the case of swing loans, the Swing Rate (as defined in the Credit Agreement), plus 3.00% or the Base Rate (as defined in the Credit Agreement) plus 2.00%, with 0.25% step-downs based on the achievement of certain leverage ratios.

• Payor contract name ]: [ Swing Rate premiums based upon the final [CMS Loss Share Rate calculation] and stated as a percentage of the [CMS Benchmark] [Payor Contract Name].

• As amended, loans under the Former Credit Facilities bore interest, at the Credit Agreement Parties’ option, at either the Euro-Rate (as defined in the Credit Agreement), or in the case of swing loans, the Swing Rate (as defined in the Credit Agreement), plus 3.00% or the Base Rate (as defined in the Credit Agreement) plus 2.00%, with 0.25% step-downs based on the achievement of certain leverage ratios.

• Pardun, who will retire from MediaOne when it completes its merger with ATT, has a 35-year career in the media, telecommunications and computer industries.

More Definitions of Swing Rate

Swing Rate means, for any period, the rate per annum offered by the Swing Bank and accepted by the Borrower. The Borrower is under no obligation to accept any offered Swing Rate and the Swing Bank is under no obligation to offer a Swing Rate.

Swing Rate means the maximum rate of delivery of New Gas expressed in MMcf per Day required to serve Buyer’s customers or, in the case of Seller’s Final Additional Commitment Forecast, the maximum rate of delivery of Gas expressed in MMcf per Day which Seller forecasts it can supply.

Swing Rate means Seller's maximum daily obligation to deliver gas expressed in millions of cubic feet.

Swing Rate means the ratio of the Deliverability (MMcf per Day) to the annual purchases expressed as a daily average (MMcf/Day). For example, if annual purchases were 2.92 Bcf and Deliverability were 20 MMcf per Day, the Swing Rate would be [20 / (2920 / 365)] = 2.5.

Swing Rate means the rate of interest published each Business Day in The Wall Street Journal “Money Rates” listing under the caption “London Interbank Offered Rates” for a one-day period (or, if no such rate is published therein for any reason, then the Swing Rate shall be the rate at which U.S. dollar deposits are offered by leading banks in the London interbank deposit market for a one-day period as published in another publication selected by the Administrative Agent). Any change in the Swing Rate (or any component thereof) shall take effect at the opening of business on the day such change occurs. Notwithstanding the foregoing, if the Swing Rate as determined above would be less than zero (0.00), such rate shall be deemed to be zero (0.00) for purposes of this Agreement.

Swing Rate means with respect to any Borrowing of Swingline Loans of a Swingline Approved Currency, the relevant interest rate, i.e., Euro Swing Rate, Sterling Swing Rate, Japanese Yen Swing Rate, Swiss Franc Swing Rate, Hong Kong Dollar Swing Rate, and Australian Dollar Swing Rate.

Swing Rate shall have the meaning set forth in Section 2.17(c).