US Swing Line Advance definition

US Swing Line Advance has the meaning ascribed to it in Section 1.1(g)(i).
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US Swing Line Advance means a borrowing requested by the US Borrowers and made by US Swing Line Lender pursuant to and as further defined in Section 2.5 hereof and may include, subject to the terms hereof, Quoted Rate-Advances and US Base Rate Advances.
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US Swing Line Advance means an advance made by (a) the US Swing Line Lender pursuant to Section 2.01(d)(1) or (b) any US Lender pursuant to Section 2.02(b).
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Examples of US Swing Line Advance in a sentence

  • Any such notice must be given no later than 11:00 a.m. (New York time) on the Business Day of the proposed US Swing Line Advance.

  • US Swing Line Lender shall promptly notify the US Agent of any US Swing Line Advance by telephone, telex or telecopier.

  • Subject to the terms and conditions hereof, the US Swing Line Lender may, in its discretion, make available from time to time until the Commitment Termination Date advances (each, a "US Swing Line Advance") in accordance with any such notice.

  • Each time a US Swing Line Advance is made using the “Sweep to Loan” system, the US Borrowers shall be deemed to have certified to the US Agent and the US Lenders each of the matters set forth in clause (vi) of this Section 2.5(c).

  • Each US Swing Line Advance shall be made pursuant to a US Notice of Revolving Credit Advance delivered to Agent by Lower Lakes in accordance with Section 1.1(c).

  • The provisions of this Section 1.1(g) shall not relieve US Revolving Lenders of their obligations to make US Revolving Credit Advances under Section 1.1(c); provided that if the US Swing Line Lender makes a US Swing Line Advance pursuant to any such notice, such US Swing Line Advance shall be in lieu of any US Revolving Credit Advance that otherwise may be made by US Revolving Credit Lenders pursuant to such notice.

  • Subject to the terms and conditions hereof, each US Swing Line Advance shall, from time to time after the date of such Advance (until paid), bear interest at its Applicable Interest Rate.

  • Each US Swing Line Advance shall be made pursuant to a Notice of US Revolving Credit Advance delivered to Agent by US Borrower in accordance with Section 1.1(a)(i).

  • This Agreement, the Notes (if issued), any Requests for US Revolving Credit Advance, Requests for Canadian Revolving Credit Advance, Requests for US Swing Line Advance, Requests for Canadian Swing Line Advance, and Term Loan Rate Requests, and the Loan Documents contain the entire agreement of the parties hereto, superseding all prior agreements, discussions and understandings relating to the subject matter hereof, and none of the parties shall be bound by anything not expressed in writing.

  • Each US Swing Line Advance shall be made pursuant to a US Notice of Revolving Credit Advance delivered to Agent by LLTC in accordance with Section 1.1(c).


More Definitions of US Swing Line Advance

US Swing Line Advance has the meaning specified in Section 2.03(a).
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US Swing Line Advance means an Advance made pursuant to the provisions of Section 2.22(b);
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US Swing Line Advance means any Advance made by the US Administrative Agent under Section 3.1(a).
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US Swing Line Advance means an Advance to the US Borrower made pursuant to the US Swing Line.
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Related to US Swing Line Advance

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Lender pursuant to Section 2.02(b).

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Swing Line Loans as defined in Section 2.6.

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • U.S. Swing Line Lender means Bank of America in its capacity as provider of U.S. Swing Line Loans, or any successor swing line lender hereunder.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Swing Line Loan Notice means a notice of a Swing Line Borrowing pursuant to Section 2.04(b), which, if in writing, shall be substantially in the form of Exhibit B.

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Line Note means the promissory note of the Borrowers substantially in the form of Exhibit C-2, payable to the order of the Swing Line Lender, evidencing the Swing Line Loans made by the Swing Line Lender.

  • Swing Line Rate means an interest rate per annum offered by the Swing Line Lender with respect to the Swing Line Loans, as determined in its sole discretion, but in any event not in excess of the rate applicable to Base Rate Loans at the time of determination.

  • Swing Line Lender means Bank of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

  • Swing Line means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

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

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Swing Line Bank has the meaning specified in the recital of parties to this Agreement.

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

  • Swing Line Borrowing Notice is defined in Section 2.4.2.

  • Swing Line Participation Amount as defined in Section 2.7.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • Swing Line Borrowing means a borrowing of a Swing Line Loan pursuant to Section 2.04.

  • Letter of Credit Advance means an advance made by any Issuing Bank or any Lender pursuant to Section 2.03(c).

  • Swing Line Exposure means, at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender at any time shall be its Applicable Percentage of the total Swing Line Exposure at such time.

  • Swing Line Lenders means each of the Lenders that has a Swing Line Commitment on Schedule 2.1 hereto, or any successor swing line lender hereunder.