Swingline Loan Commitment definition

Swingline Loan Commitment means the commitment of the Swingline Lender to make Swingline Loans as set forth in Section 2.01(c).
Swingline Loan Commitment means PNC’s commitment to make Swingline Loans to the Borrower pursuant to Section 2.1(b) hereof in an aggregate principal amount up to $10,000,000.
Swingline Loan Commitment means the Swingline Loan Lender’s commitment to make Swingline Loans to the Borrower pursuant to Section 2.01(c) in an aggregate principal amount up to $50,000,000.

Examples of Swingline Loan Commitment in a sentence

  • The Obligation of the Borrower to repay the aggregate unpaid principal amount of the Revolving Credit Loans and Swingline Loans made to it by each Lender, together with interest thereon, shall be evidenced by a Revolving Credit Note and a Swingline Loan Note payable to such Lender in a face amount equal to the Revolving Credit Commitment or Swingline Loan Commitment, as applicable, of such Lender.


More Definitions of Swingline Loan Commitment

Swingline Loan Commitment the obligation of the Swingline Lender to make Swingline Loans to the Borrower hereunder. The original amount of the Swingline Loan Commitment is $25,000,000.
Swingline Loan Commitment. With respect to the Swingline Bank, the obligation of the Swingline Bank to make Swingline Loans to the Borrower in an aggregate principal amount outstanding at any time not to exceed the Swingline Commitment Amount upon the terms and subject to the conditions and limitations of this Agreement.
Swingline Loan Commitment is defined in clause (b) of Section 2.1.1. “Swingline Note” means a promissory note of the Borrowers payable to the applicable Swingline Lender and its registered assigns, in the form of Exhibit A-2 hereto, evidencing the aggregate Indebtedness of the Borrowers to such Swingline Lender resulting from outstanding Swingline Loans, and also means all other promissory notes accepted from time to time in substitution therefor or renewal thereof.
Swingline Loan Commitment means the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.01(c) in an aggregate principal amount at any one time outstanding not to exceed the Swingline Loan Sublimit.
Swingline Loan Commitment means, with respect to Bank of America, the commitment of Bank of America to make Swingline Loans available to the Borrower in the principal amount of up to the Swingline Committed Amount.
Swingline Loan Commitment means $10,000,000, as such amount may be adjusted in accordance with the terms of this Agreement.
Swingline Loan Commitment means the commitment of the Swingline Lender to make the Swingline Loans, which commitment shall be $5,000,000 on the Effective Date, as such amount may be adjusted, if at all, from time to time in accordance with this Agreement.