Swingline Rate Loan definition

Swingline Rate Loan means a Loan bearing interest at a fluctuating rate per annum determined by reference to the Swingline Rate.
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Examples of Swingline Rate Loan in a sentence

  • Each Swingline Loan shall be denominated in dollars, Canadian Dollars or Euro and shall be an ABR Loan, Canadian Prime Rate Loan or Euro Swingline Rate Loan, respectively.

  • Each Swingline Loan denominated in euros shall be a Euro Swingline Rate Loan.

  • Each Swingline Loan shall be (i) in the case of a Swingline Loan to Finance, an ABR Loan or (ii) in the case of a Swingline Loan to Luxembourg Holdco or Swissco, a USD Swingline Rate Loan.

  • Each Swingline Loan shall be an ABR Loan or a Quoted Swingline Rate Loan, as the Company may request in accordance herewith.

  • Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day), whether such Swingline Loan shall be an ABR Loan or Quoted Swingline Rate Loan, and the amount of the requested Swingline Loan.

  • Each Swingline Loan denominated in Dollars shall be (i) in the case of a Swingline Loan to Finance, a Base Rate Loan or (ii) in the case of a Swingline Loan to Luxembourg Holdco, a USD Swingline Rate Loan.

  • Each Swingline Loan denominated in Dollars shall be made as a Daily Floating LIBOR Rate Loan and each Swingline Loan denominated in Euros and Sterling shall be made as a Euro Swingline Rate Loan and, in each case, subject to Section 2.6(a)(iii), shall have such maturity date as agreed to by the Swingline Lender and the Parent Borrower.

  • Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day), the amount of the requested Swingline Loan and whether such Swingline Loan shall be an ABR Loan or a Swingline Rate Loan.

  • Each Swingline Loan denominated in Euros shall be a Euro Swingline Rate Loan.

  • The Company, on behalf of the Borrowers, shall select the rate of interest applicable to any Swingline Loan at the time a Notice of Revolving Credit/Swingline Borrowing is given pursuant to Section 2.3. Each Swingline Loan or portion thereof bearing interest based on the Quoted Swingline Rate shall be a "Quoted Swingline Rate Loan".

Related to Swingline Rate Loan

  • Prime Rate Loan means a Loan that bears interest based on the Prime Rate.

  • Reference Rate Loan means each portion of a Loan that bears interest at a rate determined by reference to the Reference Rate.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Canadian Base Rate Loan means each Canadian Revolving Loan bearing interest at a rate based upon the Canadian Base Rate in effect from time to time.

  • Swingline Rate means the Base Rate plus the Applicable Margin applicable to Base Rate Loans.