Swingline Rate Loans definition

Swingline Rate Loans means the Loans the rate of interest applicable to which is based upon the Swingline Rate.
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Examples of Swingline Rate Loans in a sentence

  • The Loans comprising Overnight Swingline Rate Loans shall bear interest at the Overnight Swingline Rate plus the Applicable Rate then in effect.

  • Each such Swingline Loan shall be (i) denominated in Dollars in a principal amount of $1,000,000 or an integral multiple of $100,000 for amounts in excess thereof and (ii) shall be made as Swingline Rate Loans.

  • All computations of interest and fees hereunder shall be made on the basis of a year of 360 days for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable (to the extent computed on the basis of days elapsed); provided, that all Base Rate Loans and Swingline Rate Loans shall bear interest computed on the basis of a year of 365 days (or 366 days, as applicable).

  • Any payment made by a Lender pursuant to this paragraph to reimburse the applicable Issuing Bank for any LC Disbursement (other than the funding of ABRBase Rate Loans, or Swingline Loans or Overnight Swingline Rate Loans, as contemplated above) shall not constitute a Loan and shall not relieve the Borrowers of their obligation to reimburse such LC Disbursement.

  • Each such Swingline Loan shall be (i) denominated in Dollars in a principal amount of $1,000,000 or an integral multiple of $1,000,000 for amounts in excess thereof and (ii) made as Swingline Rate Loans.

  • Each UK Swingline Loan shall be subject to all the terms and conditions applicable to other Term Benchmark Loans, RFR Loans and/or Overnight Swingline Rate Loans, as applicable, funded by the Lenders, except that all payments thereon shall be payable to the UK Swingline Lender solely for its own account.

  • The Borrower may, on any date of borrowing for Swingline Loans and prior to the time that an irrevocable notice requesting such Swingline Loans must be made pursuant to this Section 2.5(b), request from the Swingline Lender a quote of the Swingline Rate which would be applicable for such Swingline Loans, specifying the amount of the proposed Swingline Rate Loans and the maturity date thereof (which shall be no less than one and no more than five Business Days following such date of borrowing).

  • Upon receipt of such quote, the Borrower shall promptly (but not later than the time that an irrevocable notice requesting such Swingline Loans must be made pursuant to this Section 2.5(b)) notify the Swingline Lender and the Administrative Agent whether it requests the Swingline Lender to make Swingline Rate Loans at such Swingline Rate.

  • The Borrower may, on any date of borrowing for Swingline Loans and prior to the time that an irrevocable notice requesting such Swingline Loans must be made pursuant to this Section 2.05(b), request from the Swingline Lender a quote of the Swingline Rate which would be applicable for such Swingline Loans, specifying the amount of the proposed Swingline Rate Loans and the maturity date thereof (which shall be no less than one and no more than five Business Days following such date of borrowing).

  • Upon receipt of such quote, the Borrower shall promptly (but not later than the time that an irrevocable notice requesting such Swingline Loans must be made pursuant to this Section 2.05(b)) notify the Swingline Lender whether it requests the Swingline Lender to make Swingline Rate Loans at such Swingline Rate.

Related to Swingline Rate Loans

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Base Rate Loans Loans the rate of interest applicable to which is based upon the Base Rate.

  • Canadian Prime Rate Loans means any Canadian Dollar Revolving Loan during the period which it bears interest at a rate determined by reference to the Canadian Prime Rate.

  • LIBOR Rate Loans means the Loans bearing interest with reference to the LIBOR Rate.

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