Common use of Domestic Swingline Loans Clause in Contracts

Domestic Swingline Loans. The Domestic Swingline Lender agrees, in reliance upon the commitments of the other Domestic Revolving Lenders set forth herein, to make revolving credit loans (the “Domestic Swingline Loans”) to the Domestic Borrowers on any Business Day in an aggregate principal amount of up to FIFTEEN MILLION DOLLARS ($15,000,000) (as such amount may be decreased in accordance with the provisions hereof, the “Domestic Swingline Sublimit”), provided that the Outstanding Amount of Domestic Swingline Loans shall not exceed the Domestic Swingline Sublimit; and, provided further that, in each such case, (A) the aggregate Outstanding Amount of Domestic Revolving Loan Obligations shall not exceed the Aggregate Domestic Revolving Committed Amount, (B) with regard to each Domestic Revolving Lender individually, such Lender’s Domestic Revolving Percentage of Domestic Revolving Loan Obligations shall not exceed its respective Domestic Revolving Committed Amount, (C) the aggregate Outstanding Amount of all Domestic Revolving Loan Obligations made to or for the Designated Borrowers shall not exceed their respective Designated Borrower Limit, and (D) the sum of the Outstanding Amount of Domestic Revolving Loan Obligations plus the Outstanding Amount of F/X Revolving Loan Obligations shall not exceed NINETY MILLION DOLLARS ($90,000,000) (the “Aggregate Domestic and F/X Revolving Committed Amount”).

Appears in 1 contract

Samples: Credit Agreement (Euronet Worldwide Inc)

AutoNDA by SimpleDocs

Domestic Swingline Loans. The During the Commitment Period, the Domestic Swingline Lender agrees, in reliance upon the commitments of the other Domestic Revolving Lenders set forth herein, to make revolving credit loans (the “Domestic Swingline Loans”) to the Domestic Borrowers Borrower in U.S. Dollars on any Business Day in an Day; provided that (A) the aggregate principal amount Outstanding Amount of up to FIFTEEN Domestic Swingline Loans shall not exceed SEVENTEEN MILLION DOLLARS FIVE HUNDRED THOUSAND EURO ($15,000,000€17,500,000) (such aggregate amount, as such amount it may be increased or decreased in accordance with the provisions hereofas provided herein, the “Domestic Swingline Sublimit”), provided that the Outstanding Amount of Domestic Swingline Loans shall not exceed the Domestic Swingline Sublimit; and, provided further that, in each such case, (AB) the aggregate Outstanding Amount of the Domestic Revolving Loan Obligations shall not exceed the Aggregate Domestic Revolving Committed Amount, (BC) the sum of the aggregate Outstanding Amount of Domestic Revolving Obligations plus the aggregate Outstanding Amount of Foreign Revolving Obligations shall not exceed the Aggregate Revolving Committed Amount, and (D) with regard to each Domestic Revolving Lender individuallyLender, such Lender’s Domestic Revolving Commitment Percentage of the aggregate Outstanding Amount of Domestic Revolving Loan Obligations shall not exceed its respective Domestic Revolving Committed Amount. Domestic Swingline Loans shall be comprised solely of Swingline Rate Loans, (C) and may be repaid and reborrowed in accordance with the aggregate Outstanding Amount provisions hereof. Immediately upon the making of all a Domestic Swingline Loan, each Domestic Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Domestic Swingline Lender a participation interest in such Domestic Swingline Loan Obligations made in an amount equal to or for the Designated Borrowers product of such Lender’s Domestic Revolving Commitment Percentage thereof; provided that the participation interest shall not exceed their respective Designated Borrower Limit, and (D) the sum of the Outstanding Amount of Domestic Revolving Loan Obligations plus the Outstanding Amount of F/X Revolving Loan Obligations shall not exceed NINETY MILLION DOLLARS ($90,000,000) (the “Aggregate Domestic and F/X Revolving Committed Amount”be funded except on demand as provided in Section 2.04(b)(ii).

Appears in 1 contract

Samples: Credit Agreement (Millipore Corp /Ma)

Domestic Swingline Loans. The During the Commitment Period, the Domestic Swingline Lender agrees, in reliance upon the commitments of the other Domestic Revolving Lenders set forth herein, to make revolving credit loans (the “Domestic Swingline Loans”) to the Domestic Borrowers in Dollars on any Business Day in an aggregate principal amount Day; provided that (i) the Outstanding Amount of up to FIFTEEN Domestic Swingline Loans shall not exceed TEN MILLION DOLLARS ($15,000,00010,000,000) (as such amount may be decreased in accordance with the provisions hereof, the “Domestic Swingline Sublimit”), provided that (ii) with respect to each Designated Borrower, the aggregate principal amount of Domestic Revolving Obligations owing by such Designated Borrower shall not exceed its Designated Borrowing Limit and (iii) with respect to the Domestic Revolving Lenders collectively, the Outstanding Amount of Domestic Swingline Loans shall not exceed the Domestic Swingline Sublimit; and, provided further that, in each such case, (A) the aggregate Outstanding Amount of Domestic Revolving Loan Obligations shall not exceed the Aggregate Domestic Revolving Committed Amount. Domestic Swingline Loans shall be comprised solely of Base Rate Loans, (B) and may be repaid and reborrowed in accordance with regard to the provisions hereof. Immediately upon the making of a Domestic Swingline Loan, each Domestic Revolving Lender individuallyshall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Domestic Swingline Lender a participation interest in such Domestic Swingline Loan in an amount equal to the product of such Lender’s Domestic Revolving Commitment Percentage of Domestic Revolving Loan Obligations thereof; provided that the participation interest shall not exceed its respective Domestic Revolving Committed Amount, (C) the aggregate Outstanding Amount of all Domestic Revolving Loan Obligations made to or for the Designated Borrowers shall not exceed their respective Designated Borrower Limit, and (D) the sum of the Outstanding Amount of Domestic Revolving Loan Obligations plus the Outstanding Amount of F/X Revolving Loan Obligations shall not exceed NINETY MILLION DOLLARS ($90,000,000) (the “Aggregate Domestic and F/X Revolving Committed Amount”be funded except on demand as provided in Section 2.04(b)(ii).

Appears in 1 contract

Samples: Credit Agreement (Tempur Pedic International Inc)

AutoNDA by SimpleDocs

Domestic Swingline Loans. The During the Commitment Period, the Domestic Swingline Lender agrees, in reliance upon the commitments of the other Domestic Revolving Lenders set forth herein, to make revolving credit loans (the “Domestic Swingline Loans”) to the Domestic Borrowers in Dollars on any Business Day in an aggregate principal amount Day; provided that (i) the Outstanding Amount of up to FIFTEEN Domestic Swingline Loans shall not exceed TWENTY-FIVE MILLION DOLLARS ($15,000,00025,000,000) (as such amount may be decreased in accordance with the provisions hereof, the “Domestic Swingline Sublimit”), provided that (ii) with respect to each Designated Borrower, the Outstanding Amount of all Domestic Revolving Obligations of such Designated Borrower shall not exceed its Designated Borrower Limit, and (iii) with respect to the Domestic Revolving Lenders collectively, the Outstanding Amount of Domestic Swingline Loans shall not exceed the Domestic Swingline Sublimit; and, provided further that, in each such case, (A) the aggregate Outstanding Amount of Domestic Revolving Loan Obligations shall not exceed the Aggregate Domestic Revolving Committed Amount. Domestic Swingline Loans shall be comprised solely of Base Rate Loans, (B) and may be repaid and reborrowed in accordance with regard to the provisions hereof. Immediately upon the making of a Domestic Swingline Loan, each Domestic Revolving Lender individuallyshall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Domestic Swingline Lender a participation interest in such Domestic Swingline Loan in an amount equal to the product of such Lender’s Domestic Revolving Commitment Percentage of Domestic Revolving Loan Obligations thereof; provided that the participation interest shall not exceed its respective Domestic Revolving Committed Amount, (C) the aggregate Outstanding Amount of all Domestic Revolving Loan Obligations made to or for the Designated Borrowers shall not exceed their respective Designated Borrower Limit, and (D) the sum of the Outstanding Amount of Domestic Revolving Loan Obligations plus the Outstanding Amount of F/X Revolving Loan Obligations shall not exceed NINETY MILLION DOLLARS ($90,000,000) (the “Aggregate Domestic and F/X Revolving Committed Amount”be funded except on demand as provided in Section 2.04(b)(ii).

Appears in 1 contract

Samples: Credit Agreement (Tempur Pedic International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.