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 5.2 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 5.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that 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 Percentage of the Swing Line Loans, plus (ii) the outstanding Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the Swing Line Lender’s Percentage of Facility Letter of Credit 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: Unsecured Revolving Credit Agreement (Centerpoint Properties Trust)

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Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided ; PROVIDED that the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment, and provided further PROVIDED FURTHER that at no time shall the sum of (i) the Swing Line Lender’s Percentage 's Pro Rata Share of the Swing Line Loans, plus PLUS (ii) the outstanding Revolving Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the Swing Line Lender’s Percentage of Facility Letter of Credit 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 (Microchip Technology Inc)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agreesmay, in its sole discretion without any obligation, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment$20,000,000, provided that the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate CommitmentCommitments, and provided further that at no time shall the sum of (i) the Swing Line Lender’s Percentage '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 Swing Line Lender’s Percentage of Facility Letter of Credit Obligations exceed the Swing Line Lender’s 's Commitment at such time, provided that it is acknowledged that Swing Line Loans will reduce the Swing Line Lender's Commitment only by the Swing Line Lender's Pro Rata Share of the Swing Line Loans. 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 (Lancaster Colony Corp)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement Effective Date and prior to the Facility Termination Date, the Swing Line Lender agreesmay, in its sole discretion, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate outstanding principal amount not to exceed the Swing Line Commitment, $15,000,000 provided that 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 Percentage Pro Rata Share of the Swing Line Loans, plus (ii) the outstanding Table of Contents Revolving Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the Swing Line Lender’s Percentage of Facility Letter of Credit 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 (Viad Corp)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time denominated in Dollars in an aggregate principal amount not to exceed the Swing Line Commitment, provided that 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 Percentage '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 Swing Line Lender’s Percentage of Facility Letter of Credit 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 (Covansys Corp)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans Loans, in Dollars, to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, ; provided that (x) 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 Percentage of the Swing Line LoansOutstanding Credit Exposure, plus (ii) the aggregate principal amount of outstanding Swing Line Loans made by the Swing Line Lender pursuant to Section 2.1Lender, plus (iii) the Swing Line Lender’s Percentage of Facility Letter of Credit 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 (Blueknight Energy Partners, L.P.)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that 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 Percentage 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 Swing Line Lender’s Percentage of Facility Letter of Credit 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 (BJS Wholesale Club Inc)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that 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 Percentage '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, 2.1 plus (iii) the Swing Line Lender’s Percentage 's Pro Rata Share of Facility Letter of Credit Obligations the 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. 2.5.2.

Appears in 1 contract

Samples: Credit Agreement (Seitel Inc)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agreesmay, in its sole discretion without any obligation, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment$20,000,000, provided that the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate CommitmentCommitments, and provided further that at no time shall the sum of (i) the Swing Line Lender'’s Percentage 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 Swing Line Lender’s Percentage of Facility Letter of Credit 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 provided that it is acknowledged that Swing Line Loans at any time prior to will reduce the Facility Termination Date.Swing Line Lender'’s Commitment only by the Swing Line Lender'’s Pro Rata

Appears in 1 contract

Samples: Credit Agreement (Lancaster Colony Corp)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that 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 Percentage 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 Swing Line Lender’s Percentage of Facility Letter of Credit Obligations exceed the Swing Line Lender’s Commitment at such time. The Swing Line Lender shall not be required to make a Swing Line Loan to refinance an outstanding Swing Line Loan 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 (Unitrin Inc)

Amount of Swing Line Loans. Upon the satisfaction of the -------------------------- conditions precedent set forth in Section 5.2 4.2 and, if such Swing Line Loan is to be made on the date of the initial Advance Credit Extension hereunder, the satisfaction of the conditions precedent set forth in Section 5.1 4.1 as well, from and including the date of this Agreement Closing Date and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower Company from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that 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 Percentage 's Pro Rata Share of the Swing Line Loans, plus (ii) the outstanding Ratable Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the Swing Line Lender’s Percentage of Facility Letter of Credit Obligations exceed the Swing Line Lender’s 's 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 Termination Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stepan Co)

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Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 4.2 and, if such Swing Line Loan is to be made on the date of the initial Advance Credit Extension hereunder, the satisfaction of the conditions precedent set forth in Section 5.1 4.1 as well, from and including the date of this Agreement Closing Date and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower Company from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that 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 Percentage 's Pro Rata Share of the Swing Line Loans, plus (ii) the outstanding Ratable Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the Swing Line Lender’s Percentage of Facility Letter of Credit Obligations exceed the Swing Line Lender’s 's 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 Termination Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stepan Co)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Revolving Credit Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that the Aggregate Outstanding Credit Exposure shall will 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 Percentage '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 Swing Line Lender’s Percentage of Facility Letter of Credit 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 Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Clark Inc)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that the Aggregate Outstanding Credit Exposure shall not at any time exceed the lesser of (a) the Borrowing Base and (b) the Aggregate Commitment, and provided further that at no time shall the sum of (i) the Swing Line Lender’s Percentage 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 Swing Line Lender’s Percentage of Facility Letter of Credit 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 (SCP Pool Corp)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Revolving Credit Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided that the Aggregate Outstanding Credit Exposure shall will 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 Percentage 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 Swing Line Lender’s Percentage of Facility Letter of Credit 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 Revolving Credit Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Clark Inc)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment; provided, provided that the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Revolving Credit Commitment, and provided provided, further that at no time shall the sum of (i) the Swing Line Lender’s Percentage Pro Rata Share of the Swing Line Loans, plus (ii) the outstanding Revolving Credit Loans made by the Swing Line Lender pursuant to Section 2.1, plus (iii) the Swing Line Lender’s Percentage of Facility Letter of Credit 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 (Midas Inc)

Amount of Swing Line Loans. Upon the satisfaction of the conditions precedent set forth in Section 5.2 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 5.1 4.1 as well, from and including the date of this Agreement and prior to the Facility Termination Date, the Swing Line Lender agrees, on the terms and conditions set forth in this Agreement, to make Swing Line Loans to the Borrower from time to time in an aggregate principal amount not to exceed the Swing Line Commitment, provided PROVIDED that the Aggregate Outstanding Credit Exposure shall not at any time exceed the Aggregate Commitment, and provided further PROVIDED FURTHER that at no time shall the sum of (i) the Swing Line Lender’s Percentage '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 Swing Line Lender’s Percentage of Facility Letter of Credit 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 (Coachmen Industries Inc)

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