Common use of Making of Swing Loans Clause in Contracts

Making of Swing Loans. The Agent may elect in its sole discretion to make revolving loans (the "Swing Loans") to any Borrower solely for the Agent's own account, from time to time prior to the Facility Termination Date up to an aggregate principal amount at any one time outstanding not to exceed the amount permitted by Section 2.1(c). The Agent may make Swing Loans (subject to the conditions precedent set forth in Article IV), provided that the Agent has received a request in writing or via telephone from an Authorized Officer of such Borrower for funding of a Swing Loan no later than such time required by the Agent, on the Business Day on which such Swing Loan is requested to be made in the case of Swing Loans denominated in U.S. Dollars, Euros or British Pounds Sterling or on or, if required by the Agent, one Business Day prior to the date such Swing Loan is requested to be made in the case of Swing Loans denominated in any other Agreed Currency. The Agent shall not make any Swing Loan in the period commencing one Business Day after the Agent shall have received written notice from any Lender that one or more of the conditions contained in Sections 4.1 or 4.2 are not then satisfied and ending upon the satisfaction or waiver of such condition(s). Each outstanding Swing Loan shall be payable on the Business Day following demand therefor, with interest at the rate agreed to between the Agent and such Borrower accrued thereon, shall be secured as part of the Obligations by the Collateral and shall otherwise be subject to all the terms and conditions applicable to Loans, except that all interest thereon shall be payable to the Agent solely for its own account. (b)

Making of Swing Loans. The Agent may elect in its sole discretion to make revolving loans (the "Swing Loans") to any Borrower solely for the Agent's own account, Borrowers from time to time prior to the Facility Termination Date in Dollars or any Foreign Currency up to an aggregate principal amount Dollar Equivalent at any one time outstanding not to exceed the lesser of $25,000,000 or the unused amount permitted by Section 2.1(c)of the aggregate Activated Revolving Credit Commitments. The Agent may make Swing Loans (subject to the conditions precedent set forth in Article IV), provided that the Agent has received a request in writing or via telephone from an Authorized Officer of such Borrower the Treasury Manager for funding of a Swing Loan Loan) no later than such time required by the Agent, on the Business Day on which such Swing Loan is requested to be made in the case of Swing Loans denominated in U.S. Dollars, Euros or British Pounds Sterling or Dollars and on or, if required by such number of Business Days agreed to between the Agent, one Business Day prior to Agent and the date Company after such Swing Loan is requested to be made in the case of Swing Loans denominated in any other Agreed Foreign Currency. The Agent shall not make any Swing Loan in the period commencing one Business Day after the Agent shall have received written notice from any Lender that one or more of the conditions contained in Sections 4.1 or 4.2 are not then satisfied and ending upon the satisfaction or waiver of such condition(s). Each outstanding Swing Loan and interest thereon shall be payable on the Business Day following demand therefor, but no later than thirty (30) days after disbursement of such Swing Loan, with interest at such rate as the rate agreed to between Borrower requesting such Swing Loan and the Agent and such Borrower accrued thereonshall agree, shall be secured as part of the Obligations by the Collateral and shall otherwise be subject to all the terms and conditions applicable to Loans, except that all interest thereon shall be payable to the Agent solely for its own account. (b)Repayment of any Swing Loan may, subject to the terms and conditions of this Agreement, be accomplished through a request by the relevant Borrower for a Revolving Credit Loan.

Making of Swing Loans. The Agent may elect in its sole discretion to make revolving loans (the "Swing Loans") to any Borrower solely for the Agent's own account, from time to time prior to the Facility Termination Date up to an aggregate principal amount at any one time outstanding not to exceed the lesser of $5,000,000 or the unused amount permitted by Section 2.1(c)of the Aggregate Commitments. The Agent may make Swing Loans (subject to the conditions precedent set forth in Article IV), provided that the Agent has received a request in writing or via telephone from an Authorized Officer of such Borrower for funding of a Swing Loan no later than such time required by the Agent, on the Business Day on which such Swing Loan is requested to be made in the case of Swing Loans denominated in U.S. Dollars, Euros or British Pounds Sterling or on or, if required by the Agent, one Business Day prior to the date such Swing Loan is requested to be made in the case of Swing Loans denominated in any other Agreed Currencymade. The Agent shall not make any Swing Loan in the period commencing one Business Day after the Agent shall have received written notice from any Lender becomes aware that one or more of the conditions precedent contained in Sections 4.1 or Section 4.2 are not then satisfied and ending upon the satisfaction or waiver of such condition(s). Each outstanding Swing Loan shall be payable on the Business Day following demand therefor, with interest at the rate agreed to between the Agent and such Borrower accrued thereon, shall be secured as part of the Obligations by the Collateral thereon and shall otherwise be subject to all the terms and conditions applicable to Loans, except that all interest thereon shall be payable to the Agent solely for its own account. (b).

Making of Swing Loans. The Agent may elect in its sole discretion to make revolving loans (the "Swing Loans") to any Borrower solely for the Agent's own account, Borrowers from time to time prior to the Facility Termination Date in Dollars or any Foreign Currency up to an aggregate principal amount Dollar Equivalent at any one time outstanding not to exceed the lesser of $40,000,000 or the unused amount permitted by Section 2.1(c)of the aggregate Revolving Credit Commitments. The Agent may make Swing Loans (subject to the conditions precedent set forth in Article IV), provided that the Agent has received a request in writing or via telephone from an Authorized Officer of such Borrower the Treasury Manager for funding of a Swing Loan Loan) no later than such time required by the Agent, on the Business Day on which such Swing Loan is requested to be made in the case of Swing Loans denominated in U.S. Dollars, Euros or British Pounds Sterling or Dollars and on or, if required by such number of Business Days agreed to between the Agent, one Business Day prior to Agent and the date Company after such Swing Loan is requested to be made in the case of Swing Loans denominated in any other Agreed Foreign Currency. The Agent shall not make any Swing Loan in the period commencing one Business Day after the Agent shall have received written notice from any Lender that one or more of the conditions contained in Sections 4.1 or 4.2 are not then satisfied and ending upon the satisfaction or waiver of such condition(s). Each outstanding Swing Loan and interest thereon shall be payable on the Business Day following demand therefor, but no later than thirty (30) days after disbursement of such Swing Loan, with interest at such rate as the rate agreed to between Borrower requesting such Swing Loan and the Agent and such Borrower accrued thereonshall agree, shall be secured as part of the Obligations by the Collateral and shall otherwise be subject to all the terms and conditions applicable to Loans, except that all interest thereon shall be payable to the Agent solely for its own account. (b)Repayment of any Swing Loan may, subject to the terms and conditions of this Agreement, be accomplished through a request by the relevant Borrower for a Revolving Credit Loan.