Common use of Amount of Swing Line Loans Clause in Contracts

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 4.2 and, if such Swing Line Loan is to be made on the date of the initial Advance hereunder, the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender may, in its sole discretion, on the terms and conditions set forth in this Agreement, make Swing Line Loans to the Borrower from time to time, in Dollars, in an aggregate principal amount not to exceed $15,000,000 at any one time outstanding, provided that the Dollar Amount of the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment, and provided further that at no time shall the sum of (i) the Swing Line Lender's Pro Rata Share of the Swing Line Loans, plus (ii) the outstanding Revolving Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the outstanding Dollar Amount of the Swing Line Lender's obligations to purchase participations in the L/C Obligations, exceed the Swing Line Lender's Commitment at such time. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Bio Rad Laboratories Inc)

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Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 4.2 and, if such Swing Line Loan is to be made on the date of the initial Advance hereunder, the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender Lenders may, in its their sole discretion, on the terms and conditions set forth in this Agreement, make Swing Line Loans to the Borrower from time to time, in Dollars, time in an aggregate outstanding principal amount not to exceed $15,000,000 at any one time outstanding, 35,000,000 in the case of either Swing Line Lender or $70,000,000 in the aggregate; provided that the Dollar Amount of the Aggregate Outstanding Revolving Credit Exposure shall not at any time exceed the Aggregate Revolving Credit Commitment, and provided further that at no time shall the sum of (i) the either Swing Line Lender's ’s Pro Rata Share of the Swing Line Loans, plus (ii) the outstanding Revolving Loans made by the such Swing Line Lender pursuant to Section 2.12.3, plus (iii) the outstanding Dollar Amount of the exceed such Swing Line Lender's obligations to purchase participations in the L/C Obligations, exceed the Swing Line Lender's ’s Revolving Credit Commitment at such time. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Moneygram International Inc)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 4.2 and, if such Swing Line Loan is to be made on the date of the initial Advance hereunder, the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender Lenders may, in its their sole discretion, on the terms and conditions set forth in this Agreement, make Swing Line Loans to the Borrower from time to time, in Dollars, time in an aggregate outstanding principal amount not to exceed $15,000,000 at any one time outstanding, provided 35,000,000 in the case of either Swing Line Lender or $70,000,000 in the aggregate; PROVIDED that the Dollar Amount of the Aggregate Outstanding Revolving Credit Exposure shall not at any time exceed the Aggregate Revolving Credit Commitment, and provided further PROVIDED FURTHER that at no time shall the sum of (i) the either Swing Line Lender's Pro Rata Share of the Swing Line Loans, plus PLUS (ii) the outstanding Revolving Loans made by the such Swing Line Lender pursuant to Section 2.12.3, plus (iii) the outstanding Dollar Amount of the exceed such Swing Line Lender's obligations to purchase participations in the L/C Obligations, exceed the Swing Line Lender's Revolving Credit Commitment at such time. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Moneygram International Inc)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 4.2 4.3 and, if such Swing Line Loan is to be made on the date of the initial Advance hereunder, the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the date of this Agreement Closing Date and prior to the Facility Revolving Loan Termination Date, the Swing Line Lender may, in its sole discretion, on the terms and conditions set forth in this Agreement, make Swing Line Loans to the Borrower Company from time to time, in Dollars, in an aggregate principal amount not to exceed $15,000,000 25,000,000 at any one time outstanding, provided that the Dollar Amount of subject to Section 2.7(b)(ii) and 2.7(d), the Aggregate Outstanding Revolving Credit Exposure shall not at any time exceed the Aggregate Revolving Loan Commitment, and provided further that at no time shall the sum of (i) the Swing Line Lender's Pro Rata Share of the Swing Line Loans, plus (ii) the Dollar Amount of the outstanding Revolving Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the outstanding Dollar Amount of the Swing Line Lender's obligations to purchase participations in ’s Revolving Loan Pro Rata Share of the L/C LC Obligations, exceed the Swing Line Lender's ’s Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Borrower Company may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Revolving Loan Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Actuant Corp)

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Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 4.2 and, if such Swing Line Loan is to be made on the date of the initial Advance hereunder, the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender may, in its sole discretionagrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time, in Dollars, time in an aggregate principal amount not to exceed $15,000,000 at any one time outstandingthe Swing Line Commitment, provided that the Dollar Amount of that, at Administrative Agent’s option, the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment, and provided further that at no time shall the sum of (i) the Swing Line Lender's ’s Pro Rata Share of the Swing Line Loans, plus (ii) the outstanding Revolving Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the outstanding Dollar Amount of the Swing Line Lender's obligations to purchase participations in the L/C Obligations, ’s Pro Rata Share of LC Obligations exceed the Swing Line Lender's ’s Commitment at such time. Subject to the terms of this Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Clarcor Inc)

Amount of Swing Line Loans. Upon the satisfaction of the conditions -------------------------- precedent set forth in Section 4.2 and(assuming, if such for the purposes hereof, that a Swing Line Loan is to be made on the date of the initial Advance hereunderan Advance), the satisfaction of the conditions precedent set forth in Section 4.1 as well, from and including the date of this Agreement and at any time prior to the Facility Termination Date, the Swing Line Lender may, in its sole discretionagrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower Borrowers from time to time, in Dollars, time in an aggregate principal amount not to exceed $15,000,000 the Swing Line Commitment, provided, at any one no time outstandingshall the sum of (a) the aggregate principal amount of outstanding Advances, provided that plus (b) the Dollar Amount aggregate amount of Facility Letter of Credit Obligations, plus (c) the Aggregate Outstanding Credit Exposure shall not at any time principal amount of outstanding Swing Line Loans exceed the Aggregate Commitment; and provided, and provided further further, that at no time shall the sum of (i) the Swing Line Lender's Pro Rata Share pro-rata share of the Swing Line Loans, Loans plus (ii) the outstanding Revolving Ratable Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the outstanding Dollar Amount of the Swing Line Lender's obligations to purchase participations in the L/C Obligations2.2, exceed the Swing Line Lender's Commitment at such time. Subject to the terms of this Agreement, the Borrower Borrowers may borrow, repay and reborrow Swing Line Loans at any time prior to the Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Midas Inc)

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