Common use of Amount of Swing Line Loans Clause in Contracts

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3, from and including the Closing Date and prior to the Termination Date and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Borrowers from time to time, in any Agreed Currency, in an aggregate Dollar Amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" and collectively, the "SWING LINE LOANS"); provided, however, at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; provided, further, that at no time shall the sum of (a) the Swing Line Lender's Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, exceed the Swing Line Bank's Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Steelcase Inc), Credit Agreement (Steelcase Inc)

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Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 4.1 and 5.34.2, from and including the Closing Date date of this Agreement and prior to the Termination Date and in the sole discretion of the Swing Line BankDate, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Borrowers Borrower from time to time, in any Agreed CurrencyDollars, in an aggregate Dollar Amount amount not to exceed the lesser of (a) the Swing Line Commitment minus the outstanding principal amount of all Swing Line Loans (after giving effect to any concurrent repayment of Loans) and (b) Revolving Credit Availability at such time (each, individually, a "SWING LINE LOANSwing Line Loan" and collectively, the "SWING LINE LOANSSwing Line Loans"); provided, however, at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment, and, provided, further, that at no time shall the Revolving Credit Obligations (other than L/C Obligations in respect of commercial Letters of Credit) exceed the Borrowing Base; and provided, further, that at no time shall the sum of (a) the Swing Line Lender's Pro Rata Share outstanding amount of the Swing Line Loans, plus (b) the outstanding Dollar Amount amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.12.2 (after giving effect to any concurrent repayment of Loans), exceed the Swing Line Bank's Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Borrowers Borrower may borrow, repay and reborrow Swing Line Loans (including from the proceeds of another Swing Line Loan) at any time prior to the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Gfsi Inc), Credit Agreement (Gfsi Inc)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3, as applicable, from and including the Closing Date and prior to the Termination Date and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Syndicated Borrowers from time to time, in any Agreed CurrencyCurrency acceptable to the Swing Line Bank, in an aggregate Aggregate Dollar Amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" and collectively, the "SWING LINE LOANS"); provided, however, at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; and provided, further, that at no time shall the sum of (a) the Swing Line Lender's Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, plus, (c) the Swing Line Lender's Pro Rata Share of the Alternate Currency Loans, exceed the Swing Line Bank's Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Syndicated Borrowers may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Kaydon Corp), Credit Agreement (Kaydon Corp)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3Article V, from and including the Closing Restatement Effective Date and prior to the Termination Date applicable to 2019 Revolving Loan Lenders and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Borrowers Company from time to time, in any Agreed CurrencyDollars, in an aggregate Dollar Amount amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" “Swing Line Loan” and collectively, the "SWING LINE LOANS"“Swing Line Loans”); provided, however, that, (i) except as permitted by Section 2.4(B), (x) at no time shall the Dollar Amount of the 2019 Revolving Credit Obligations exceed the Aggregate 2019 Revolving Loan Commitment; provided, further, that and (y) at no time shall the sum of (a) the Swing Line Lender's Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Amount of such Lender’s 2019 Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, Credit Obligations exceed the Swing Line Bank's such Lender’s 2019 Revolving Loan Commitment and (ii) at such timeno time shall the Facility Obligations Amount exceed the Collateral Value Amount. Subject to the terms of this Agreement, the Borrowers Company may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination DateDate applicable to 2019 Revolving Loan Lenders.

Appears in 1 contract

Samples: Credit Agreement (Meritor Inc)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 Sections 5.1 and 5.35.2, from and including the Closing Date and prior to the Termination Date applicable to Extending Lenders and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Borrowers from time to time, in any Agreed CurrencyDollars, in an aggregate Dollar Amount amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" “Swing Line Loan” and collectively, the "SWING LINE LOANS"“Swing Line Loans”); provided, however, that, (i) except as permitted by Section 2.4(B), at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; providedCommitment minus the Participation Reserve, further, that (ii) at no time shall the sum of Facility Obligations Amount exceed the Collateral Value Amount, and (aiii) the Swing Line Lender's Pro Rata Share of the Lender shall not make any Swing Line Loans, plus Loans during the period from the date that is two (b2) Business Days prior to the outstanding Dollar Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, exceed the Swing Line Bank's Non-Extended Revolving Loan Commitment at such timeTermination Date until the Non-Extending Lender Repayment Date. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination DateDate applicable to Extending Lenders.

Appears in 1 contract

Samples: Credit Agreement (Arvinmeritor Inc)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 5.2, 5.3 and 5.35.4, as applicable, from and including the Closing Date and prior to the Termination Date and in the sole discretion of the Swing Line BankDate, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Syndicated Borrowers from time to time, in any Agreed CurrencyCurrency acceptable to the Swing Line Bank, in an aggregate Dollar Amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" “Swing Line Loan” and collectively, the "SWING LINE LOANS"“Swing Line Loans”); provided, however, at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; and provided, further, that at no time shall the sum of (a) the Swing Line Lender's ’s Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, plus, (c) the Swing Line Lender’s Pro Rata Share of the Alternate Currency Loans, exceed the Swing Line Bank's ’s Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Syndicated Borrowers may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3, from and including the Closing Date and prior Subject to the Termination Date and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, at any time prior to the earlier of (x) the Facility Termination Date and (y) the termination of the obligation of the Lenders to make Loans hereunder, the Swing Line Bank agrees to make swing line loans to the Borrowers Borrower from time to time, in any Agreed Currency, a minimum amount of $100,000 and in increments of $25,000 in excess thereof and in an aggregate Dollar Amount amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOANSwing Line Loan" and collectively, the "SWING LINE LOANSSwing Line Loans"); provided, however, at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; provided, further, that at no time shall the sum of (a) the Swing Line Lender's Pro Rata Share principal amount of the Swing Line outstanding Revolving Credit Loans, plus (b) the outstanding Dollar Amount Facility Letter of Revolving Loans made by Credit Obligations, plus (c) the principal amount of outstanding Swing Line Bank pursuant to Section 2.1, Loans exceed the Swing Line Bank's Aggregate Revolving Loan Commitment at such timeCredit Commitment. Subject to the terms of this Agreement, the Borrowers Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the earlier of (x) the Facility Termination DateDate and (y) the termination of the obligation of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Rawlings Sporting Goods Co Inc)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3, as applicable, from and including the Closing Date and prior to the Termination Date and in the sole discretion of the Swing Line BankDate, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Borrowers Borrower from time to time, in any Agreed CurrencyDollars, in an aggregate Dollar Amount amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" and collectively, the "SWING LINE LOANS"); provided, however, at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; and provided, further, that at no time shall the sum of (a) the Swing Line Lender's Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, plus, (c) the Swing Line Lender's Pro Rata Share of the Alternate Currency Loans, exceed the Swing Line Bank's Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Borrowers Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Thomas Industries Inc)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3, from and including the Closing Date and prior to the Termination Date and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Borrowers from time to time, in any Agreed Currency, in an aggregate Dollar Amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" “Swing Line Loan” and collectively, the "SWING LINE LOANS"“Swing Line Loans”); provided, however, that, subject to Section 2.4(B), (i) at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; provided, further, that Commitment and (ii) at no time shall the sum of (a) the Swing Line Lender's Bank’s Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, plus (c) the Swing Line Bank’s and its Affiliates’ Pro Rata Share of the outstanding L/C Obligations, exceed the Swing Line Bank's ’s Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Steelcase Inc)

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Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3, from and including the Closing Date and prior Subject to the Termination Date and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, at any time prior to the earlier of (x) the Facility Termination Date and (y) the termination of the obligation of the Lenders to make Loans hereunder, the Swing Line Bank agrees to make swing line loans to the Borrowers Borrower from time to time, in any Agreed Currency, a minimum amount of $100,000 and in increments of $25,000 in excess thereof and in an aggregate Dollar Amount amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOANSwing Line Loan" and collectively, the "SWING LINE LOANSSwing Line Loans"); provided, however, at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; provided, further, that at no time shall the sum of (a) the Swing Line Lender's Pro Rata Share principal amount of the Swing Line outstanding Revolving Credit Loans, plus PLUS (b) the outstanding Dollar Amount Facility Letter of Revolving Loans made by Credit obligations, PLUS (c) the principal amount of outstanding Swing Line Bank pursuant to Section 2.1, Loans exceed the Swing Line Bank's Aggregate Revolving Loan Commitment at such timeCredit Commitment. Subject to the terms of this Agreement, the Borrowers Borrower may borrow, repay and reborrow Swing Line Loans at any time prior to the earlier of (x) the Facility Termination DateDate and (y) the termination of the obligation of the Lenders to make Loans hereunder.

Appears in 1 contract

Samples: Credit Agreement (Rawlings Sporting Goods Co Inc)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3Article V, from and including the Closing Restatement Effective Date and prior to the Termination Date applicable to 2017 Revolving Loan Lenders and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Borrowers Company from time to time, in any Agreed CurrencyDollars, in an aggregate Dollar Amount amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" “Swing Line Loan” and collectively, the "SWING LINE LOANS"“Swing Line Loans”); provided, however, that, (i) except as permitted by Section 2.4(B), at no time shall the Dollar Amount of the 2017 Revolving Credit Obligations exceed the Aggregate 2017 Revolving Loan Commitment; provided, further, that Commitment and (ii) at no time shall the sum of (a) the Swing Line Lender's Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Facility Obligations Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, exceed the Swing Line Bank's Revolving Loan Commitment at such timeCollateral Value Amount. Subject to the terms of this Agreement, the Borrowers Company may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination DateDate applicable to 2017 Revolving Loan Lenders.

Appears in 1 contract

Samples: Credit Agreement (Meritor Inc)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 5.2, 5.3 and 5.35.4, as applicable, from and including the Closing Date and prior to the Termination Date and in the sole discretion of the Swing Line BankDate, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Syndicated Borrowers from time to time, in any Agreed CurrencyCurrency acceptable to the Swing Line Bank, in an aggregate Dollar Amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" “Swing Line Loan” and collectively, the "SWING LINE LOANS"“Swing Line Loans”); provided, however, at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; and provided, further, that at no time shall the sum of (a) the Swing Line Lender's ’s Revolving Loan Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, plus, (c) the Swing Line Lender’s Revolving Loan Pro Rata Share of the Alternate Currency Loans, exceed the Swing Line Bank's ’s Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Syndicated Borrowers may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Kaydon Corp)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3, from and including the Closing Date and prior to the Termination Date and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Borrowers from time to time, in any Agreed Currency, in an aggregate Dollar Amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" “Swing Line Loan” and collectively, the "SWING LINE LOANS"“Swing Line Loans”); provided, however, at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; provided, further, that at no time shall the sum of (a) the Swing Line Lender's Bank’s Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, exceed the Swing Line Bank's ’s Revolving Loan Commitment at such time. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Steelcase Inc)

Amount of Swing Line Loans. Upon the satisfaction of the applicable conditions precedent set forth in Section 5.1, 5.2 and 5.3, from and including the Closing Date and prior to the Termination Date and in the sole discretion of the Swing Line Bank, the Swing Line Bank agrees, on the terms and conditions set forth in this Agreement, to make swing line loans to the Borrowers from time to time, in any Agreed Currency, in an aggregate Dollar Amount not to exceed the Swing Line Commitment (each, individually, a "SWING LINE LOAN" “Swing Line Loan” and collectively, the "SWING LINE LOANS"“Swing Line Loans”); provided, however, that, subject to Section 2.4(B), (i) at no time shall the Dollar Amount of the Revolving Credit Obligations exceed the Aggregate Revolving Loan Commitment; provided, further(ii) at no time shall the Dollar Amount of any Lender’s Revolving Credit Exposure exceed such Lender’s Revolving Loan Commitment, that (iii) at no time shall the sum of (a) the Swing Line Lender's Bank’s Pro Rata Share of the Swing Line Loans, plus (b) the outstanding Dollar Amount of Revolving Loans made by the Swing Line Bank pursuant to Section 2.1, plus (c) the Swing Line Bank’s and its Affiliates’ Pro Rata Share of the outstanding L/C Obligations, exceed the Swing Line Bank's ’s Revolving Loan Commitment at such timetime and (iv) at no time shall the aggregate Swing Line Exposure exceed the Swing Line Commitment. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow Swing Line Loans at any time prior to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Steelcase Inc)

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