Swingline Loan definition

Swingline Loan means a Loan made pursuant to Section 2.04.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Swingline Loan means a loan made to the Borrower by the Swingline Lender under the Swingline Commitment.

Swingline Loan has the meaning specified in Section 2.04(a).

Examples of Swingline Loan in a sentence

Notwithstanding anything to the contrary herein, a Swingline Loan may not be converted to a Term SOFR Loan.
Each such telephonic notice must be confirmed promptly by delivery to the Swingline Lender and the Administrative Agent of a Swingline Loan Notice.
Until each Lender funds its Revolving Loans that are Base Rate Loans or risk participation pursuant to this Section 2.04 to refinance such Lender’s Applicable Percentage of any Swingline Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Swingline Lender.
If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the relevant Borrowing or funded participation in the relevant Swingline Loan, as the case may be.
Immediately upon the making of a Swingline Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an amount equal to the product of such ▇▇▇▇▇▇’s Applicable Percentage times the amount of such Swingline Loan.

Swingline Loan means a loan made by the Swingline Lender to the Borrower pursuant to Section 2.4.

Swingline Loan shall have the meaning provided in Section 1.01(b).

Swingline Loan shall have the meaning set forth in Section 2.4(a).

Swingline Loan shall have the meaning assigned to such term in Section 2.3(a).

Swingline Loan means a Loan made pursuant to Section 2.21.

Swingline Loan means any loan made by the Swingline Lender pursuant to Section 2.15.

Swingline Loan means U.S. Swingline Loans and/or Canadian Swingline Loans.