Swingline Settlement Date definition

Swingline Settlement Date means (a) every other Monday beginning on and including Monday, April 12, 2021 (or if any such Monday 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).

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.

Examples of Swingline Settlement Date in a sentence

The Purchase Price for a Swingline Reimbursement Purchase shall be equal to the Net Investment of the Swingline Purchase due on the Swingline Settlement Date.
Accordingly, not later than 9:00 a.m. (New York City time) on each Swingline Settlement Date and on the Facility Termination Date, if any Swingline Capital is then outstanding, the Swingline Purchaser shall send a written statement (a “Swingline Statement”) to each of the other Purchasers setting forth the amount of the outstanding Swingline Capital and each such Purchaser Group’s Ratable Share thereof (such Purchaser Group’s “Swingline Settlement Amount”).
On or prior to 1:00 p.m., New York time on the Business Day before each Swingline Settlement Date, the Swingline Purchaser shall deliver to the Administrative Agent and the Facility Agents a Purchase Notice.
Each of the Purchasers acknowledges that the Swingline Purchaser will make Swingline Purchases on same-day notice to facilitate the administration of the facility evidenced by this Agreement, but that the Swingline Purchaser will do so based on its expectation that not later than the next succeeding Swingline Settlement Date (or, if sooner, the Facility Termination Date), each other Purchaser 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”).
On each Swingline Settlement Date, or, if earlier, upon demand by Agent for payment thereof, the then outstanding Swingline Loans shall be immediately due and payable.
If any such amount is not transferred to the Agent by any Multicurrency Revolver Lender on such Swingline Settlement Date, the Swingline Lender shall be entitled to recover from such Lender on demand such amount, together with interest thereon, as specified in Section 2.07.
Swingline Settlement Date - the earlier of (i) the occurrence of an Event of Default or (ii) such dates from time to time on which Fleet requests settlement of the Revoler Loans.
On each Swingline Settlement Date, payment shall be made by or to each Lender in the manner provided herein and in accordance with the Settlement Report delivered by Agent to Lenders with respect to such Swingline Settlement Date so that, as of each Swingline Settlement Date and after giving effect to the transaction to take place on such Swingline Settlement Date, each Lender shall hold its Pro Rata share of all Revolver Loans and participations in LC Outstandings then outstanding.
Agent shall notify the Lenders of the outstanding balance of Revolver Loans prior to 12:00 noon on each Swingline Settlement Date and each Lender shall deposit with Agent an amount equal to its Pro Rata share of the amount of Revolver Loans deemed requested in immediately available funds not later than 3:00 p.m. on such Swingline Settlement Date, and without regard to whether any of the conditions precedent set forth in Section 11 hereof are satisfied.

More Definitions of Swingline Settlement Date

Swingline Settlement Date shall have the meaning specified in Section 2.5(d).

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

Swingline Settlement Date means (a) Friday of each week (or if any such Friday is not a Business Day, the next succeeding Business Day), (b) such other Business Day as the Swingline Lender may specify in writing to the other Lenders upon not less than one (1) Business Day’s prior written notice and (c) the first Business Day following the Termination Date (or, if such Termination Date is declared or otherwise occurs after 3:00 p.m. on such Termination Date, the second Business Day following the Termination Date). For the avoidance of doubt, the Swingline Settlement Date shall not be the date such Swingline Loan is made.

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