Swingline Commitment Amount definition

Swingline Commitment Amount means, at any time, the lesser of (i) $50,000,000, or (ii) the excess, if any, of the Aggregate Commitment Amount over the Aggregate Outstandings at such time.
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Swingline Commitment Amount. $75,000,000.
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Swingline Commitment Amount shall have the meaning given to such term in Section 2.5(a).
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Examples of Swingline Commitment Amount in a sentence

  • The Swingline Bank shall have no obligation to make any Swingline Advance if, after giving effect to such Swingline Advance, (i) the aggregate amount of Swingline Advances then outstanding would exceed the Swingline Commitment Amount, (ii) the Aggregate Outstandings would exceed the Aggregate Commitment Amount, or (iii) the Aggregate Outstandings would exceed the commitments of the Banks having a Commitment Termination Date that is less than ten Business Days after the date of such Swingline Advance.

  • The obligation of the Borrower to repay the unpaid principal amount of the Swingline Loans made to it by PNC Bank together with interest thereon shall be evidenced by a demand promissory note of the Borrower in substantially the form attached hereto as Exhibit F payable to the order of PNC Bank in a face amount equal to the Swingline Commitment Amount.

  • Each Swingline Loan shall be in a minimum principal amount equal to the lesser (such lesser amount, "Minimum Swingline Amount") of (A) $1,000,000.00 or any larger integral multiple of $1,000,000.00 and (B) the unused Swingline Commitment Amount.

  • Notwithstanding Sections 2.19(a), (b) and (c), but subject to the written request of the Borrowers and the written agreement of the Swingline Lender, up to Cdn.$25,000,000 or the Equivalent Amount in US Dollars of the Swingline Commitment Amount (the “ Overdraft Availability”) may be utilized by the Borrowers by incurring overdrafts in its Canadian Dollar or US Dollar accounts with the Swingline Lender, which shall be deemed to be, as applicable, Prime Loans or Base Rate Loans.

  • Section 2.9.1 Swingline Commitment.Subject to the terms and conditions of this Section 2.9, the Swingline Lender, in its individual capacity, agrees to make certain revolving credit loans to the Borrower (each a “Swingline Loan” and, collectively, the “Swingline Loans”) from time to time prior to the Revolving Loan Commitment Termination Date; provided, however, that the aggregate amount of Swingline Loans outstanding at any time shall not exceed the Swingline Commitment Amount.


More Definitions of Swingline Commitment Amount

Swingline Commitment Amount means Fifty Million Dollars ($50,000,000), as such amount may be reduced from time to time pursuant to Section 2.09 or 2.11.
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Swingline Commitment Amount. As defined in Section 2.18, but as it is reduced at any time under this Agreement.
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Swingline Commitment Amount. As defined in Section 2.14, but as the same may be reduced from time to time pursuant to Section 2.15.
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Swingline Commitment Amount. $10,000,000.
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Swingline Commitment Amount means, subject to Section 2.5, on any date, a maximum amount equal to $5,000,000.00, as such amount may be permanently reduced from time to time pursuant to Section 2.2.
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Swingline Commitment Amount means either the Canadian Swingline Commitment Amount or the U.S. Swingline Commitment Amount, as applicable, and “Swingline Commitment Amounts” means both.
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Swingline Commitment Amount means the lesser of (i) $10,000,000 and (ii) the Revolving Loan Commitment Amount available to be drawn upon at such time pursuant to Section 2.08(a)(ii).
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