Swingline Interest Period definition

Swingline Interest Period means, subject to the provisions of Section 2.6(a), with respect to any Swingline Loan requested by the Borrower, the period commencing on the date of Borrowing with respect to such Swingline Loan and ending not in excess of ten days thereafter, as selected by the Borrower in its irrevocable Borrowing Request, provided, however, that (i) if any Swingline Interest Period would otherwise end on a day that is not a Business Day, such Swingline Interest Period shall be extended to the next succeeding Business Day, and (ii) the Borrower shall select Swingline Interest Periods so as not to have more than three different Swingline Interest Periods outstanding at any one time.

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Swingline Interest Period has the meaning ascribed thereto in Section 2.14.

Swingline Interest Period means, initially, the period commencing on the Closing Date (the “Start Date”) and ending on the numerically corresponding date one month later, and thereafter each one month period ending on the day of such month that numerically corresponds to the Start Date. If a Swingline Interest Period is to end in a month for which there is no day which numerically corresponds to the Start Date, the Interest Period will end on the last day of such month.

Examples of Swingline Interest Period in a sentence

The Loans comprising each Swingline Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin for the Swingline Interest Period in effect for such Borrowing.
Each such notice shall be irrevocable and shall specify (i) the aggregate principal amount to be borrowed, (ii) the requested date of such Borrowing, and (iii) the amount of, and the length of the Swingline Interest Period for, each Swingline Loan, provided, however, that no such Swingline Interest Period shall end after the Business Day immediately preceding the Swingline Termination Date.
Each Swingline Loan shall be paid by the Borrower or re-funded by the Lenders in accordance with Section 2.7(d) on the last day of the Swingline Interest Period appurtenant to such Swingline Loan.
The interest rate for the Swingline Interest Period applicable to each Swingline Loan shall be a rate negotiated between the Swingline Lender and the Borrower and shall be set forth in the applicable Swingline Borrowing Request signed by the Borrower and the Bank or such other acknowledgment as the Swingline Lender and the Borrower shall agree.
Except as otherwise provided in this Section 2.14, the Swingline Loans shall bear interest for each day at a rate per annum equal to the sum of Swingline LIBOR Rate for the Swingline Interest Period during which such day occurs plus the Applicable Swingline Margin for such day; provided, however, that if the Swingline LIBOR rate is equal to the Base Rate as contemplated by the last sentence of Section 2.14(a), the Applicable Swingline Margin shall be deemed to be zero.
Each such notice shall be irrevocable and shall specify (i) the aggregate principal amount to be borrowed, (ii) the requested date of such Borrowing, and (iii) the amount of, and the length of the Swingline Interest Period for, each Swingline Loan, provided, however, that no such Swingline Interest Period shall end after the Business Day immediately preceding the Maturity Date.
The Swingline Lender is hereby authorized to record on the schedule annexed hereto, and any continuation sheets which the Swingline Lender may attach hereto, (a) the date and amount of each Swingline Loan made by the Swingline Lender to the Borrower, (b) the interest rate and Swingline Interest Period applicable to each to each Swingline Loan.
The Loans comprising each Swingline Loan Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin for the Swingline Interest Period in effect for such Borrowing.
Each Swingline Loan shall be an ABR Loan; provided, that the US Borrower and the Swingline Lender may agree that the Swingline Loan shall bear interest at a fixed rate for a fixed interest period (any such Swingline Loan, a "Swingline Fixed Rate Loan"; and any such fixed interest period, a "Swingline Interest Period").
Except as otherwise provided in this Section 2.14, the Swingline Loans shall bear interest for each day at a rate per annum equal to, at the option of the Borrower, (i) the sum of Swingline LIBOR Rate for the Swingline Interest Period during which such day occurs plus the Applicable Swingline Margin for such day or (ii) the Base Rate for such day plus the Applicable Swingline Margin for such day.

More Definitions of Swingline Interest Period

Swingline Interest Period with respect to each Swingline Loan, a period commencing and ending on a Business Day and not to exceed seven days in the aggregate.

Swingline Interest Period means, subject to the provisions of Section 2.6(a), with respect to any Swingline Loan requested by the Borrower, the period commencing on the date of Borrowing with respect to such Swingline Loan and ending not in excess of ten days thereafter, as selected by the Borrower in its irrevocable Borrowing Request; provided, however, that (i) if any Swingline Interest Period would otherwise end on a day that is not a Business Day, such Swingline Interest Period shall be extended to the next succeeding Business Day, and (ii) the Borrower shall select Swingline Interest Periods so as not to have more than three different Swingline Interest Periods outstanding at any one time.

Swingline Interest Period. Swingline Interest Payment Date" and "Swingline LIBOR Rate" have the respective meaning ascribed thereto in Section 2.14.