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.
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.
RH noted that his current understanding was that Ofgem was still intending to publish its advice although again the meeting on the 7th November would provide a more definitive update on this matter.