Line Loans. In the event of any conflict between the accounts and records maintained by any Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of such Agent shall control in the absence of manifest error.
Line Loans. Swing Line Lender hereby agrees, subject to the limitations set forth below with respect to the maximum amount of Swing Line Loans permitted to be outstanding from time to time, to make a portion of the Revolving Loan Commitments available to Company from time to time during the period from the Closing Date to but excluding the Revolving Loan Commitment Termination Date by making Swing Line Loans to Company in an aggregate amount not exceeding the amount of the Swing Line Loan Commitment to be used for the purposes identified in subsection 2.5B, notwithstanding the fact that such Swing Line Loans, when aggregated with Swing Line Lender's outstanding Revolving Loans and Swing Line Lender's Pro Rata Share of the Letter of Credit Usage then in effect, may exceed Swing Line Lender's Revolving Loan Commitment. The original amount of the Swing Line Loan Commitment is $10 million; PROVIDED that any reduction of the Revolving Loan Commitments made pursuant to subsection 2.4B(ii) or 2.4B(iii) which reduces the aggregate Revolving Loan Commitments to an amount less than the then current amount of the Swing Line Loan Commitment shall result in an automatic corresponding reduction of the Swing Line Loan Commitment to the amount of the Revolving Loan Commitments, as so reduced, without any further action on the part of Company, Administrative Agent or Swing Line Lender. The Swing Line Loan Commitment shall expire on September 30, 2000 if the Term Loans are not made on or before such date or on the Revolving Loan Commitment Termination Date if the Term Loans are made and all Swing Line Loans and all other amounts owed hereunder with respect to the Swing Line Loans shall be paid in full no later than the Revolving Loan Commitment Termination Date. Amounts borrowed under this subsection 2.1A(iv) may be repaid and reborrowed to but excluding the Revolving Loan Commitment Termination Date. Anything contained in this Agreement to the contrary notwithstanding, the Swing Line Loans and the Swing Line Loan Commitment shall be subject to the limitation that in no event shall the Total Utilization of Revolving Loan Commitments at any time exceed the Revolving Loan Commitments then in effect. With respect to any Swing Line Loans which have not been voluntarily prepaid by Company pursuant to subsection 2.4B(i), Swing Line Lender may, at any time in its sole and absolute discretion, deliver to Administrative Agent (with a copy to Company), no later than 1:00 P.M. (New York City time...
Line Loans. Subject to the terms and conditions of this Agreement and relying upon the representations and warranties set forth in this Agreement, HSBC Bank may, in its sole discretion, from time to time commencing on the date the conditions specified in Section 3.1 are satisfied, make one or more loans (individually a "Line Loan," or collectively, "Line Loans") to the Company, or issue Letters of Credit for the account of the Company, and the Company may make a request for a Line Loan or Line Loans from HSBC Bank or Letters of Credit to be issued by HSBC Bank, at any one time and from time to time in amounts not exceeding in the aggregate at any one time outstanding for all such Line Loans and Letters of Credit Six Million Dollars ($6,000,000) ("Line Limit"); provided, however, in no event may the aggregate outstanding face amount of Letters of Credit exceed the Letter of Credit Sublimit. Within the Line Limit and subject to the limitations set forth in this Agreement, the Company may borrow, repay and reborrow Line Loans. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS AGREEMENT, THE LINE OF CREDIT SHALL BE ADVANCED IN THE SOLE DISCRETION OF HSBC BANK, SHALL BE REPAYABLE ON DEMAND OF HSBC BANK, AND SHALL BE SUBJECT TO ANNUAL REVIEW BY JUNE 30TH OF EACH YEAR AS TO AVAILABILITY.
Line Loans. The obligation of the Banks to make each Revolving Credit Loan on ---------- each Funding Date and to issue, through the Agent Bank, each Letter of Credit, and the obligation of the Agent Bank to make each Swing Line Loan pursuant to the Swing Line Credit Subfacility, is in each case subject to the following additional conditions precedent:
Line Loans. HSBC Bank agrees, subject to the terms and conditions and relying on the representations and warranties set forth in this Agreement and within the limits hereof, from time to time commencing on the date the conditions specified in Section 3.1 are satisfied until the Maturity Date, to make one or more loans (individually a “Line Loan,” or collectively, “Line Loans”) to the Company, or issue Letters of Credit for the account of the Company, and the Company may make a request for a Line Loan or Line Loans from HSBC Bank or Letters of Credit to be issued by HSBC Bank, at any one time and from time to time, in amounts not exceeding in the aggregate at any one time outstanding for all such Line Loans and Letters of Credit the Line Limit; provided, however, in no event may the aggregate outstanding face amount of Letters of Credit exceed the Letter of Credit Sublimit. Within the Line Limit and subject to the limitations set forth in this Agreement, the Company may borrow, repay and reborrow Line Loans.
Line Loans. Prior to the Business Day immediately preceding the Line Termination Date, so long as no Event of Default has occurred and so long as no event has occurred which but for the giving of notice or the lapse of time or both would constitute an Event of Default, the Borrower may request Line Loans by timely delivering to the Bank a Draw Request in the form attached hereto as Schedule A, signed by an Authorized Person, setting forth the date, the amount of the requested Line Loan, whether the Borrower elects a floating interest rate based on the Bank's Prime Rate of Interest less one hundred and fifty (150) basis points or a fixed rate based upon the Bank's Cost of Funds plus fifty (50) basis points (and in the latter case, specifying the term of the requested Line Loan), and otherwise completing the Draw Request. Draw Requests must be received by the Bank not later than 1:00 p.m. on the Business Day on which the Borrower requests a Line Loan to be made.
Line Loans. Each telephonic notice by Bright Australia pursuant to this Section 2.05(b) must be confirmed promptly by delivery to the Australian Swing Line Lender of a written Australian Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of Bright Australia. Each Borrowing of or continuation of Australian Swing Line Loans shall be in a principal amount of AUS$200,000 or a whole multiple of AUS$50,000 in excess thereof (or such lesser amounts as the Australian Swing Line Lender may agree). Each such notice (whether telephonic or written) shall specify (A) whether Bright Australia is requesting a Borrowing of Australian Swing Line Loans or a continuation of Australian Swing Line Loans, (B) the requested date of the Borrowing or continuation, as the case may be (which shall be a Business Day), and (C) the principal amount of Australian Swing Line Loans to be borrowed or continued.
Line Loans. The U.S. Borrower shall repay each Swing Line Loan on the earlier to occur(b) of (i) the date ten Business Days after such Loan is made and (ii) the Maturity Date for the Revolving Credit Facility (although Swing Line Loans may thereafter be reborrowed, in accordance with the terms and conditions hereof, if there are one or more Classes of Revolving Credit Commitments which remain in effect).
Line Loans. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Tranche 1 Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. In addition to the accounts and records referred to in subsection (a), each Tranche 2 Lender and the Canadian Facility Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Canadian Swing Line Loans. In the event of any conflict between the accounts and records maintained by the Canadian Facility Agent and the accounts and records of any Tranche 2 Lender in respect of such matters, the accounts and records of the Canadian Facility Agent shall control in the absence of manifest error.
