Common use of European Swingline Loans Clause in Contracts

European Swingline Loans. (A) The European Swingline Lender at any time in its sole and absolute discretion may request, on behalf of the applicable Borrowers (which hereby irrevocably authorizes the European Swingline Lender to so request on its behalf), that each European Revolving Lender make a European Revolving Loan in the applicable currency that is a Fixed LIBOR Rate Loan with an Interest Period of one month, as appropriate, in an amount equal to such Lender's pro rata share of European Swingline Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein, but subject to the unutilized portion of the Aggregate European Revolving Commitments and the conditions set forth in Section 5.02. The European Swingline Lender shall furnish the applicable Borrowers with a copy of the applicable Loan Notice promptly after delivering such notice to the Administrative Agent. Each European Revolving Lender shall make an amount equal to its pro rata share of the amount specified in such Loan Notice available to the Administrative Agent in Same Day Funds for the account of the European Swingline Lender at (i) the Administrative Agent's Office not later than 1:00 p.m. on the day specified in such Loan Notice, or (ii) the Administrative Agent's office for the applicable currency not later than the Applicable Time specified by the Administrative Agent, as applicable, whereupon, subject to Section 2.04(c)(ii)(B), each European Revolving Lender that so makes funds available shall be deemed to have made a European Revolving Loan that is a Fixed LIBOR Rate Loan with an Interest Period of one month, as appropriate, in such amount. The Administrative Agent shall remit the funds so received to the European Swingline Lender.

Appears in 1 contract

Samples: Credit Agreement (Euronet Worldwide Inc)

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European Swingline Loans. (A) The European Swingline Lender at any time in its sole and absolute discretion may request, on behalf of the applicable Borrowers (which hereby irrevocably authorizes the European Swingline Lender to so request on its behalf), that each European Revolving Lender make a European Revolving Loan in the applicable currency that is a Fixed LIBOR Rate Loan with an Interest Period of one month, as appropriate, in an amount equal to such Lender's ’s pro rata share of European Swingline Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein, but subject to the unutilized portion of the Aggregate European Revolving Commitments and the conditions set forth in Section 5.02. The European Swingline Lender shall furnish the applicable Borrowers with a copy of the applicable Loan Notice promptly after delivering such notice to the Administrative Agent. Each European Revolving Lender shall make an amount equal to its pro rata share of the amount specified in such Loan Notice available to the Administrative Agent in Same Day Funds for the account of the European Swingline Lender at (i) the Administrative Agent's ’s Office not later than 1:00 p.m. on the day specified in such Loan Notice, or (ii) the Administrative Agent's ’s office for the applicable currency not later than the Applicable Time specified by the Administrative Agent, as applicable, whereupon, subject to Section 2.04(c)(ii)(B), each European Revolving Lender that so makes funds available shall be deemed to have made a European Revolving Loan that is a Fixed LIBOR Rate Loan with an Interest Period of one month, as appropriate, in such amount. The Administrative Agent shall remit the funds so received to the European Swingline Lender.. CHAR1\1346423v112

Appears in 1 contract

Samples: Credit Agreement (Euronet Worldwide Inc)

European Swingline Loans. (A) The Each European Swingline Lender at any time in its sole and absolute discretion may request, on behalf of the applicable Borrowers (which hereby irrevocably authorizes Borrowing shall be made upon a Borrower's irrevocable written notice to the European Swingline Lender and the Administrative Agent, which shall be signed by a Responsible Officer of the Borrower and which may be given by facsimile. Each such notice must be received by the European Swingline Lender and the Administrative Agent not later than 11:00 a.m. (London time) on the requested borrowing date, and shall specify (i) the Alternative Currency and amount to so request on its behalf)be borrowed, that each European Revolving Lender make which shall be a European Revolving Loan in the applicable currency that is a Fixed LIBOR Rate Loan with an Interest Period minimum of one month$100,000 or equivalent thereof, as appropriate, and integral multiples in an amount equal to such Lender's pro rata share of European Swingline Loans then outstanding. Such request excess thereof, and (ii) the requested borrowing date, which shall be made in writing (which written request shall a Business Day. Each such facsimile notice must be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein, but subject to the unutilized portion confirmed promptly by delivery of the Aggregate European Revolving Commitments and the conditions set forth in Section 5.02. The European Swingline Lender shall furnish the applicable Borrowers with a copy of the applicable Loan Notice promptly after delivering such executed notice to the Administrative AgentEuropean Swingline Lender. Each European Revolving Lender shall make an amount equal to its pro rata share of the amount specified in such Loan Notice available to the Administrative Agent in Same Day Funds for the account of Unless the European Swingline Lender at has received notice (iby telephone or in writing) from the Administrative Agent's Office Agent (including at the request of any Lender) prior to 10:00 a.m. (London time) on the date of the proposed European Swingline Borrowing (A) directing the European Swingline Lender not to make such European Swingline Loan as a result of the limitations set forth in this Article II, or (B) that one or more of the applicable conditions specified in Article V is not then satisfied, then, subject to the terms and conditions hereof, the European Swingline Lender will, not later than 1:00 2:00 p.m. (London time) on the day borrowing date specified in such Loan Notice, or (ii) make the Administrative Agent's office for amount of its European Swingline Loan available to the applicable currency not later than Borrower at its office by crediting the Applicable Time specified by account of such Borrower on the Administrative Agent, as applicable, whereupon, subject to Section 2.04(c)(ii)(B), each European Revolving Lender that so makes funds available shall be deemed to have made a European Revolving Loan that is a Fixed LIBOR Rate Loan with an Interest Period books of one month, as appropriate, in such amount. The Administrative Agent shall remit the funds so received to the European Swingline LenderLender (or otherwise transfer amounts per the Borrower's payment instructions) in Same Day Funds.

Appears in 1 contract

Samples: Credit Agreement (Euronet Worldwide Inc)

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European Swingline Loans. (A) The Each European Swingline Lender at any time in its sole and absolute discretion may request, on behalf of the applicable Borrowers (which hereby irrevocably authorizes Borrowing shall be made upon a Borrower’s irrevocable written notice to the European Swingline Lender and the Administrative Agent, which shall be signed by a Responsible Officer of the Borrower and which may be given by facsimile. Each such notice must be received by the European Swingline Lender and the Administrative Agent not later than 11:00 a.m. (London time) on the requested borrowing date, and shall specify (i) the Alternative Currency and amount to so request on its behalf)be borrowed, that each European Revolving Lender make which shall be a European Revolving Loan in the applicable currency that is a Fixed LIBOR Rate Loan with an Interest Period minimum of one month$100,000 or equivalent thereof, as appropriate, and integral multiples in an amount equal to such Lender's pro rata share of European Swingline Loans then outstanding. Such request excess thereof, and (ii) the requested borrowing date, which shall be made in writing (which written request shall a Business Day. Each such facsimile notice must be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein, but subject to the unutilized portion confirmed promptly by delivery of the Aggregate European Revolving Commitments and the conditions set forth in Section 5.02. The European Swingline Lender shall furnish the applicable Borrowers with a copy of the applicable Loan Notice promptly after delivering such executed notice to the Administrative AgentEuropean Swingline Lender. Each European Revolving Lender shall make an amount equal to its pro rata share of the amount specified in such Loan Notice available to the Administrative Agent in Same Day Funds for the account of Unless the European Swingline Lender at has received notice (iby telephone or in writing) from the Administrative Agent's Office Agent (including at the request of any Lender) prior to 10:00 a.m. (London time) on the date of the proposed European Swingline Borrowing (A) directing the European Swingline Lender not to make such European Swingline Loan as a result of the limitations set forth in this Article II, or (B) that one or more of the applicable conditions specified in Article V is not then satisfied, then, subject to the terms and conditions hereof, the European Swingline Lender will, not later than 1:00 2:00 p.m. (London time) on the day borrowing date specified in such Loan Notice, or (ii) make the Administrative Agent's office for amount of its European Swingline Loan available to the applicable currency not later than Borrower at its office by crediting the Applicable Time specified by account of such Borrower on the Administrative Agent, as applicable, whereupon, subject to Section 2.04(c)(ii)(B), each European Revolving Lender that so makes funds available shall be deemed to have made a European Revolving Loan that is a Fixed LIBOR Rate Loan with an Interest Period books of one month, as appropriate, in such amount. The Administrative Agent shall remit the funds so received to the European Swingline LenderLender (or otherwise transfer amounts per the Borrower’s payment instructions) in Same Day Funds.

Appears in 1 contract

Samples: Credit Agreement (Euronet Worldwide Inc)

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