Common use of Procedure for Swing Line Borrowing Clause in Contracts

Procedure for Swing Line Borrowing. Whenever a Borrower desires that ---------------------------------- the Swing Line Lender make Swing Line Loans under Section 2.13, the Borrower (or the Fund of which it is an investment portfolio) shall give the Swing Line Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Swing Line Lender not later than 3:00 p.m., New York City time, on the proposed Borrowing Date, and must specify the amount of each requested Swing Line Loan. Each borrowing under the Swing Line Commitment shall be in an amount equal to $50,000 or provided, however, that on -------- ------- the date of the making of any Swing Line Loan (1) the aggregate principal amount of all Swing Line Loans outstanding shall not exceed the Swing Line Commitment and (2) the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans by the Swing Line Lender shall not exceed the total Commitment of the Swing Line Lender. The proceeds of such Swing Line Loan will then be made available to such Borrower on such Borrowing Date by the Swing Line Lender transferring by wire to the custodian of and for the account of such Borrower the aggregate of the amounts made available to the Swing Line Lender in immediately available funds.

Procedure for Swing Line Borrowing. Refunding of Swing Line ----------------------------------------------------------- Loans. (a) Whenever a the Borrower desires that ---------------------------------- the Swing Line Lender make Swing Line Loans under Section 2.13, the Borrower (or the Fund of which it is an investment portfolio) shall give the Swing Line Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Swing Line Lender not later than 3:00 p.m.1:30 P.M., New York City time, on the proposed Borrowing Date), and must specify specifying (i) the amount of each to be borrowed, (ii) the account to which such amount should be transferred and (iii) the requested Swing Line LoanBorrowing Date (which shall be a Business Day during the Revolving Credit Commitment Period). Each borrowing under the Swing Line Commitment shall be in an a minimum amount equal to $50,000 or provided50,000. Not later than 4:30 P.M., howeverNew York City time, that on -------- ------- the date Borrowing Date specified in a notice in respect of the making of any Swing Line Loan (1) the aggregate principal amount of all Swing Line Loans outstanding shall not exceed the Swing Line Commitment and (2) the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans by Loans, the Swing Line Lender shall not exceed make available to the total Commitment Administrative Agent at the Funding Office an amount in Dollars and in immediately available funds equal to the amount of the Swing Line Loan to be made by the Swing Line Lender. The Administrative Agent shall make the proceeds of such Swing Line Loan will then be made available to such the Borrower on such Borrowing Date by the Swing Line Lender transferring by wire such proceeds to the custodian of and for the account of the Borrower specified by the Borrower on such Borrower the aggregate of the amounts made available to the Swing Line Lender Borrowing Date in immediately available funds.

Procedure for Swing Line Borrowing. Whenever a Borrower desires that ---------------------------------- the Swing Line Lender make Swing Line Loans under Section 2.13, the Borrower (or the Fund of which it is an investment portfolio) shall give the Swing Line Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the Swing Line Lender not later than 3:00 p.m., New York City time, on the proposed Borrowing Date, and must specify the amount of each requested Swing Line Loan. Each borrowing under the Swing Line Commitment shall be in an amount equal to $50,000 or provided, however, that on -------- ------- the date of the making of any Swing Line Loan (1) the aggregate principal amount of all Swing Line Loans outstanding shall not exceed the Swing Line Commitment and (2) the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans by the Swing Line Lender shall not exceed the total Commitment of the Swing Line Lender. The proceeds of such Swing Line Loan will then be made available to such Borrower on such Borrowing Date by the Swing Line Lender transferring by wire to the custodian of and for the account of such Borrower the aggregate of the amounts made available to the Swing Line Lender in immediately available funds.

Procedure for Swing Line Borrowing. Refunding of Swing Line ---------------------------------------------------------------- Loans. (a) Whenever a Borrower the Company desires that ---------------------------------- the relevant Swing Line Lender ----- make Swing Line Loans under Section 2.13to it, the Borrower (or the Fund of which it is an investment portfolio) Company shall give the such Swing Line Lender irrevocable telephonic notice confirmed promptly in writing (which telephonic notice must be received by the such Swing Line Lender not later than 3:00 p.m.1:00 P.M., New York City time, on the proposed Borrowing Date) confirmed promptly in writing (with a copy to the Administrative Agent), specifying (i) the amount to be borrowed and must specify (ii) the requested Borrowing Date (which shall be a Business Day during the Revolving Credit Commitment Period); provided, that the presentation by any third party of any check or draft drawn on the account of the Company or any other borrowing by way of overdraft being deemed to constitute a notice of borrowing of Swing Line Loans by the Company in the amount of each requested such check, draft or other borrowing, to the extent that insufficient funds are then available for the payment thereof in the account of the Company with the relevant Swing Line LoanLender and so long as the amount and currency with respect to such deemed notice of borrowing are in compliance with the terms of this Agreement. Each borrowing by the Company under the Swing Line Commitment shall be in an amount equal to $50,000 500,000 or provideda whole multiple of $100,000 in excess thereof. Not later than 3:00 P.M., howeverNew York City time, that on -------- ------- the date of the making of any Swing Line Loan (1) the aggregate principal amount of all Swing Line Loans outstanding shall not exceed the Swing Line Commitment and (2) the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans by the requested Borrowing Date, such Swing Line Lender shall not exceed the total Commitment of the Swing Line Lender. The proceeds of such Swing Line Loan will then be made available to such Borrower on such Borrowing Date by the Swing Line Lender transferring by wire to the custodian of and for the account of such Borrower the aggregate of the amounts made make available to the Swing Line Lender Company, in immediately available funds, the proceeds of such requested Swing Line Loan.