Swing Sublimit definition

Swing Sublimit. As to each Swing Bank, an amount equal to the amount set forth opposite such Bank’s name on Schedule 1 under the caption “Swing Line Sublimit”. The AMERICAS/2023306744.4 aggregate Swing Sublimit for all Swing Banks is $520,000,000. The Swing Sublimit of each Swing Bank is part of, and not in addition to, the Total Commitment.
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Swing Sublimit means $15,000,000.
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Swing Sublimit is defined in Section 2.3(b).
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Examples of Swing Sublimit in a sentence

  • The Swing Sublimit of each Swing Bank is part of, and not in addition to, the Total Commitment.

  • The aggregate Swing Sublimit for all Swing Banks is $240,000,000.

  • Subject to the terms and conditions hereof, Canadian Swing Lender agrees to make loans to each Canadian Borrower (herein called "Canadian Swing Loans") upon the applicable Canadian Borrower's request from time to time during the Canadian Revolving Period, provided that (i) the Canadian Facility Usage shall never exceed the Canadian Maximum Credit Amount, and (ii) the aggregate amount of Canadian Swing Loans outstanding shall never exceed the Canadian Swing Sublimit.

  • The total Principal Debt of all Swing Borrowings may never exceed the Swing Sublimit.

  • The aggregate Swing Sublimit for all Swing Banks is $525,000,000.

  • Subject to the terms and conditions hereof, US Agent agrees to make loans to US Borrower (herein called "US Swing Loans") upon US Borrower's request from time to time during the US Facility Commitment Period, provided that (i) the US Facility Usage shall never exceed the US Maximum Credit Amount, and (ii) the aggregate amount of US Swing Loans outstanding shall never exceed the US Swing Sublimit.


More Definitions of Swing Sublimit

Swing Sublimit means, at any time, $15,000,000.
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Swing Sublimit means $50,000,000.
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Swing Sublimit means $30,000,000.
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Related to Swing Sublimit

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • LC Sublimit means $500,000,000.

  • Swingline Sublimit means an amount equal to the lesser of (a) $5,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $50,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • L/C Issuer Sublimit means with respect to each L/C Issuer, such amount as may be separately agreed between such L/C Issuer and the Borrower from time to time (with specific notice of such amount, and any change thereto, with respect to each L/C Issuer being promptly communicated to the Administrative Agent), provided that the L/C Issuer Sublimit with respect to any Person that ceases to be an L/C Issuer for any reason pursuant to the terms hereof shall be $0 (subject to the Letters of Credit of such Person remaining outstanding in accordance with the provisions hereof).