Common use of Discretionary Nature of the Swing Line Facility Clause in Contracts

Discretionary Nature of the Swing Line Facility. Notwithstanding any terms to the contrary contained herein, the swingline facility provided herein (A) is an uncommitted facility and the Swingline Lender may, but shall not be obligated to, make Swingline Advances, and (ii) may be terminated at any time by the Swingline Lender upon written notice by the Swingline Lender to the Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Rowan Companies Inc), Credit Agreement (Rowan Companies Inc), Credit Agreement (Rowan Companies PLC)

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Discretionary Nature of the Swing Line Facility. Notwithstanding any terms to the contrary contained herein, the swingline facility provided herein (A) is an uncommitted facility and the Swingline Lender may, but shall not be obligated to, make Swingline Advances, and (ii) may be terminated at any time by the Swingline Lender upon written notice by the Swingline Lender to the BorrowerBorrower Representative.

Appears in 2 contracts

Samples: Credit Agreement (Rowan Companies PLC), Credit Agreement (Rowan Companies PLC)

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Discretionary Nature of the Swing Line Facility. Notwithstanding any terms to the contrary contained herein, the swingline swing line facility provided herein (Ai) is an uncommitted facility and the Swingline Swing Line Lender may, but shall not be obligated to, make Swingline AdvancesSwing Line Loans, and (ii) may be terminated at any time by the Swingline Swing Line Lender or the Borrower upon written notice by the Swingline Lender terminating party to the Borrowernon-terminating party.

Appears in 1 contract

Samples: Syndicated Facility Agreement (Oil States International, Inc)

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