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 2.12 hereof, the Borrower 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 date specified for such borrowing), specifying the amount of each requested Swing Line Loan. Each borrowing under the Swing Line Commitment shall be in an amount equal to $100,000 or an integral multiple of $100,000 in excess thereof. Not later than 5:00 P.M., New York City time, on the date specified in a notice by the Borrower in respect of Swing Line Loans, the Swing Line Lender shall make available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in SECTION 11.2 hereof an amount in immediately available funds equal to the amount of the Swing Line Loan to be made by the Swing Line Lender. The proceeds of such Swing Line Loan will then be made available to the Borrower on such date specified for such borrowing by the Administrative Agent transferring by wire to the custodian of and for the account of the Borrower the aggregate of the amounts made available to the Administrative Agent by the Swing Line Lender in immediately available funds.

Procedure for Swing Line Borrowing. Whenever a Borrower desires that ---------------------------------- the Swing Line Lender make Swing Line Loans under SECTION 2.12 hereofSection 2.13, the Borrower 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 date specified for such borrowingBorrowing Date), specifying the amount of each requested Swing Line Loan. Each borrowing under the Swing Line Commitment shall be in an amount equal to $100,000 or an integral multiple of $100,000 in excess thereof. Not later than 5:00 P.M., New York City time, on the date Borrowing Date specified in a notice by the a Borrower in respect of Swing Line Loans, the Swing Line Lender shall make available to the Administrative Agent for the account of the such Borrower at the office of the Administrative Agent specified in SECTION 11.2 hereof Section 9.2 an amount in immediately available funds equal to the amount of the Swing Line Loan to be made by the Swing Line Lender. The proceeds of such Swing Line Loan will then be made available to the such Borrower on such date specified for such borrowing Borrowing Date by the Administrative Agent transferring by wire to the custodian of and for the account of the such Borrower the aggregate of the amounts made available to the Administrative Agent by the Swing Line Lender in immediately available funds.