Swingline Facility Outstandings definition
Examples of Swingline Facility Outstandings in a sentence
Such notice shall specify the aggregate amount of such Swingline Facility Outstandings in which the Revolving Facility Lenders will participate.
Each Revolving Facility Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Agent for the account of the applicable Swingline Facility Lenders, such Revolving Facility Lender’s Proportion of such Swingline Facility Outstandings.
The purchase of participations in Swingline Facility Outstandings pursuant to this Clause 6.6 shall not relieve the applicable Borrower of any Default in the payment thereof.
Promptly upon receipt of such notice, the Agent shall give notice thereof to each Revolving Facility Lender, specifying in such notice each such Revolving Facility Lender’s Proportion of such Swingline Facility Outstandings.