Common use of Swing Loans Clause in Contracts

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of Borrowers to repay the Swing Loans and to pay interest thereon, Borrowers shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrowers’ obligations to the Swing Line Lender hereunder.

Appears in 5 contracts

Samples: Credit and Security Agreement (Epiq Systems Inc), Credit Agreement (Gibraltar Industries, Inc.), Credit and Security Agreement (Epiq Systems Inc)

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Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of Borrowers US Borrower to repay the Swing Loans and to pay interest thereon, Borrowers US Borrower shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrowers’ US Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 5 contracts

Samples: Credit Agreement (TTEC Holdings, Inc.), Credit Agreement (TTEC Holdings, Inc.), Security Agreement (Teletech Holdings Inc)

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of Borrowers Borrower to repay the Swing Loans and to pay interest thereon, Borrowers Borrower shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrowers’ Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 4 contracts

Samples: Credit and Security Agreement (Shiloh Industries Inc), Credit and Security Agreement (Shiloh Industries Inc), Credit Agreement (Sykes Enterprises Inc)

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of the Borrowers to repay the Swing Loans and to pay interest thereon, the Borrowers shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from the Borrowers’ obligations to the Swing Line Lender hereunder.

Appears in 3 contracts

Samples: Second Amendment Agreement (Universal Logistics Holdings, Inc.), Credit and Security Agreement (DMC Global Inc.), Credit and Security Agreement (Universal Logistics Holdings, Inc.)

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of the Borrowers to repay the Swing Loans and to pay interest thereon, the Borrowers shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from the Borrowers’ obligations to the Swing Line Lender hereunder.. (c)

Appears in 1 contract

Samples: First Amendment Agreement (DMC Global Inc.)

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Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of Borrowers Borrower to repay the Swing Loans and to pay interest thereon, Borrowers Borrower shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrowers’ Borrower's obligations to the Swing Line Lender hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.)

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of Borrowers the Borrower to repay the Swing Loans and to pay interest thereon, Borrowers the Borrower shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from Borrowers’ the Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 1 contract

Samples: Credit and Security Agreement (Bel Fuse Inc /Nj)

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