Swingline Outstandings definition

Swingline Outstandings means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Outstandings with respect to any Lender at any time shall be its Commitment Percentage of the total Swingline Outstandings at such time.
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Swingline Outstandings means at any time the aggregate principal amount at such time of all outstanding Swingline Loans. The Swingline Outstandings of any Lender at any time shall equal the sum of (i) its Percentage of the aggregate Swingline Outstandings at such time other than with respect to any Swingline Loans made by such Lender and (ii) the aggregate principal amount of all Swingline Loans made by such Lender as Swingline Lender outstanding at such time (less the amount of participations funded by the other Lenders in such Swingline Loans).
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Swingline Outstandings means the aggregate amount of all outstanding and unpaid Swingline Advances as of each date of determination.
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Examples of Swingline Outstandings in a sentence

  • For purposes of determining the Available Commitments of the Lenders at any time, Swingline Outstandings shall be calculated in accordance with the definition of “Swingline Outstandings”.

  • The Borrower expressly consents to the foregoing arrangements and agrees that any Lender holding a participation in a Revolving Credit Loans or Swingline Outstandings deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the Borrower to such Lender by reason thereof as fully as if such Lender had made an Extension of Credit in the amount of such participation.

  • The Borrower expressly consents to the foregoing arrangements and agrees that any Lender holding a participation in a Revolving Credit Loans, Swingline Outstandings or any LC Outstandings deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all moneys owing by the Borrower to such Lender by reason thereof as fully as if such Lender had made an Extension of Credit in the amount of such participation.

  • For purposes of determining the Available Commitments of the Lenders at any time, the LC Outstandings shall be deemed to have utilized the Commitments of the Lenders pro rata in accordance with their respective Percentages at such time and Swingline Outstandings shall be calculated in accordance with the definition of “Swingline Outstandings”.


More Definitions of Swingline Outstandings

Swingline Outstandings means, as of any date of determination, the aggregate principal Indebtedness of the Borrowers on all Swingline Loans then outstanding.
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Swingline Outstandings means, as of the date of determination, the aggregate principal amount then outstanding under all Swingline Loans.
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