Swingline Loan Ceiling definition

Swingline Loan Ceiling. $15,000,000.

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Swingline Loan Ceiling means $30,000,000, as such amount may be increased or reduced in accordance with the provisions of this Agreement.

Swingline Loan Ceiling. $20,000,000.00 (subject to increase as provided in Section 16.4(e)).

Examples of Swingline Loan Ceiling in a sentence

A permanent reduction of the Total Commitments shall not require a corresponding pro rata reduction in the Letter of Credit Sublimit or the Swingline Loan Ceiling; provided, however, that if the Total Commitments are reduced to an amount less than the Letter of Credit Sublimit and/or the Swingline Loan Ceiling, then the Letter of Credit Sublimit and/or the Swingline Loan Ceiling shall be reduced to an amount equal to the Total Commitments.
Upon the request of the Swingline Lender, the Revolving Credit Loans made by the Swingline Lender with respect to Swingline Loans shall be evidenced by a Swingline Note, duly executed on behalf of the Borrowers, dated the First Amendment Effective Date, payable to the Swingline Lender, in an aggregate principal amount equal to the Swingline Loan Ceiling.
Notwithstanding the foregoing, no Discretionary Swingline Loan shall be made pursuant to this subsection (ii) if the aggregate amount of all Swingline Loans then outstanding would exceed the Swingline Loan Ceiling.
A permanent reduction of the Total Revolving Commitments shall not require a corresponding pro rata reduction in the Letter of Credit Sublimit or the Swingline Loan Ceiling; provided, however, that if the Total Revolving Commitments are reduced to an amount less than the Letter of Credit Sublimit and/or the Swingline Loan Ceiling, then the Letter of Credit Sublimit and/or the Swingline Loan Ceiling shall be reduced to an amount equal to the Total Revolving Commitments.
Upon the request of the Swingline Lender, the Revolving Loans made by the Swingline Lender with respect to Swingline Loans shall be evidenced by a Swingline Note, duly executed on behalf of the Borrowers, dated the Agreement Date, payable to the order of Swingline Lender, in an aggregate principal amount equal to the Swingline Loan Ceiling.

More Definitions of Swingline Loan Ceiling

Swingline Loan Ceiling means $75,000,000, as such amount may be increased or reduced in accordance with the provisions of this Agreement.

Swingline Loan Ceiling. $10,000,000 (subject to increase as provided in Section 15.4).

Swingline Loan Ceiling means, at any time, ten percent (10%) of the Total Commitments. As of the Effective Date, the Swingline Loan Ceiling is $35,000,000.

Swingline Loan Ceiling means $60,000,000, as such amount may be increased or reduced in accordance with the provisions of this Agreement.

Swingline Loan Ceiling. Ten percent (10%) of the Maximum Revolving Credit Ceiling in effect from time to time (subject to increase as provided in Section 16.9 and 16.10).

Swingline Loan Ceiling. $35,000,000.00 (subject to increase as provided in Section 15:15-4).

Swingline Loan Ceiling. Seven Million Five Hundred Thousand Dollars ($7,500,000.00) (subject to increase as provided in Section 2.7(a)), which amount shall be a sublimit of the Tranche A Ceiling.