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

• Accordingly, extensions of credit under the Swingline Loan Commitment act to reduce, on a dollar-for-dollar basis, the amount of credit otherwise available under the Revolving Credit Loan Commitments.

• The Swingline Loan Commitment shall expire on the date the Revolving Credit Commitments are terminated and all Swingline Loans and all other amounts owed hereunder with respect to Swingline Loans shall be paid in full no later than that date.

• The Swingline Note shall be in a principal amount equal to the total Swingline Loan Commitment then in effect and otherwise duly completed.

• Accordingly, extensions of credit under the Letter of Credit Commitment or the Swingline Loan Commitment act to reduce, on a dollar-for-dollar basis, the amount of credit otherwise available under the Total Revolving Credit Commitment.

• These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.11 shall relieve the Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.1(b) [Swingline Loan Commitment].

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 means the obligation of a Swingline Lender to make Swingline Loans and of each Lender having a Revolving Credit Commitment to participate in Swingline Loans pursuant to Section 2.04(c).

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, as to the Swingline Lender, its obligation to make Swingline Loans to the Borrower pursuant to Section 2.01(c), in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Swingline Loan Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Swingline Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

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.