Swing Line Advance definition

Swing Line Advance has the meaning ascribed to it in Section 1.1(c)(i).

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

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

Examples of Swing Line Advance in a sentence

• Immediately upon the making of a Swing Line Advance, each Lender shall be deemed to have purchased, and hereby irrevocably and unconditionally agrees to purchase, from the applicable Swing Line Lender a risk participation in such Swing Line Advance in an amount equal to such Lender’s ratable share of such Swing Line Advance.

• For the period from the date of such Swing Line Borrowing and ending on the date the Lenders fund their participations in such Swing Line Advance in accordance with Section 2.20(d), such interest shall be for the sole account of the Swing Line Lenders.

• Each Borrower shall pay interest on the unpaid principal amount of each Swing Line Advance made to such Borrower from the date of such Swing Line Advance until such principal amount shall be paid in full at a rate per annum equal at all times to the sum of (x) the Overnight Rate in effect from time to time plus (y) 0.625%, payable in arrears on the date such Swing Line Advance shall be, or shall be required to be, paid in full.

More Definitions of Swing Line Advance

Swing Line Advance means an advance by the Swing Line Lender to the Borrower as part of a Swing Line Borrowing.

Swing Line Advance means a borrowing requested by the Borrower and made by Swing Line Lender pursuant to Section 2.5 hereof and may include, subject to the terms hereof, Quoted Rate-Advances and Base Rate Advances.

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

Swing Line Advance means an advance by a Swing Line Bank to any Borrower as part of a Swing Line Borrowing and refers to a Euro Swing Line Advance or a Dollar Swing Line Advance (each of which shall be a “Type” of Swing Line Advance).

Swing Line Advance means an advance made available by the Swing Line Lender pursuant to Section 2.03(a). Swing Line Advances shall be denominated in Dollars.

Swing Line Advance means a borrowing requested by Borrower and made by Swing Line Lender pursuant to Section 2.9.

Swing Line Advance means a borrowing made by Swing Line Bank to Company pursuant to Section 4.1 hereof.