Swingline Settlement Date definition

Swingline Settlement Date means (a) Friday of each week on or after the Closing Date (or if any such Friday is not a Business Day, the next succeeding Business Day), and (b) such other Business Day as the Swingline Purchaser may specify in writing to the other Purchasers upon not less than one (1) Business Day’s prior written notice. For the avoidance of doubt, the Swingline Settlement Date shall not be the Purchase Date for such Swingline Purchase unless such day is the Facility Termination Date.
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Swingline Settlement Date has the meaning assigned to such term in Section 2.14(c).
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Swingline Settlement Date means the second (2nd) Thursday following each Swingline Advance, or if such date is not a Banking Business Day, the next occurring Banking Business Day.
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Examples of Swingline Settlement Date in a sentence

  • Each of the Lenders acknowledges that the Swingline Lender will make Swingline Loans on same-day notice to facilitate the administration of the facility evidenced by this Agreement, but that the Swingline Lender will do so based on its expectation that not later than the next succeeding Swingline Settlement Date, each other Lender will purchase its ratable share of the aggregate outstanding Swingline Capital at par.

  • Accordingly, not later than 3:00 p.m. (New York City time) on the Business Day before each Swingline Settlement Date, if any Swingline Capital is then outstanding, the Swingline Lender shall send a written statement (a “Swingline Statement”) to each of the other Lender setting forth the amount of the outstanding Swingline Capital and each such Lender ratable share thereof (such Lender’s “Swingline Settlement Amount”).


More Definitions of Swingline Settlement Date

Swingline Settlement Date shall have the meaning specified in Section 2.5(d).
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Swingline Settlement Date means, with respect to any Swingline Purchase, the earlier of (i) the Tuesday next following the day of such Swingline Purchase, provided, that if any such Tuesday is not a business Day, the next succeeding Business Day. and (ii) the day of an Incremental Purchase next following the day of such Swingline Purchase. “Swingline Sublimit” shall mean the maximum amount of a Swingline Purchases which the Swingline Purchaser agrees to make and have outstanding at any one time, initially $100,000,000. “Taxes” shall mean any all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed on an Indemnified Party by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. “Termination Date” shall mean the earlier of (i) the Scheduled Termination Date and (ii) the date on which, following the occurrence and continuance of a Termination Event, a wind-down period is determined (or deemed to have been determined) to commence pursuant to Section 8.02(a). “Termination Event” shall have the meaning specified in Section 8.01 hereof. “Term SOFR” shall mean the forward-looking term rate for any period that is approximately (as determined by the Administrative Agent) as long as any of the interest payment periods set forth in the definition of “Calculation Period” and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion.“Term SOFR” shall mean: (a) the term SOFR reference rate administered by CME Group Benchmark Administration Limited (or any other person which takes over the administration of that rate) for the relevant period published (before any correction, recalculation or republication by the administrator) by CME Group Benchmark Administration Limited (or any other person which takes over the publication of that rate) and if such page or service is replaced or ceases to be available, the Administrative Agent may specify another page or service displaying the relevant rate in accordance with Section 2.06; (b) if the term SOFR reference rate of the applicable tenor is not available for any Calculation Period, Interpolated Term SOFR (rounded to the same number of decimal places as Term SOFR) for that tenor and Calculation Period; or
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Related to Swingline Settlement Date

  • Swingline Rate means, for any Interest Period, the rate as offered by the Administrative Agent and accepted by the Borrower. The Borrower is under no obligation to accept this rate and the Administrative Agent is under no obligation to provide it.

  • Revolving Credit Maturity Date means the date that is six years after the Closing Date, or, if such date is not a Business Day, the next preceding Business Day.

  • Revolving Maturity Date means the day before the first anniversary of the Closing Date.

  • Refunded Swing Line Loans as defined in Section 2.3(b)(iv).

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.