Common use of Reimbursement of Swingline Advances Clause in Contracts

Reimbursement of Swingline Advances. The Purchasers hereby agree that if the Swingline Purchaser funds any Swingline Advance, the Purchasers shall reimburse the Swingline Purchaser for such Swingline Advance not later than one Business Day after the Swingline Purchaser funds such Swingline Advance. Such reimbursement shall be accomplished by the Purchasers remitting to the Swingline Purchaser at the Swingline Purchaser’s Account or such other account as designated in writing by the Swingline Purchaser the amount (up to the amount of the outstanding Swingline Advance) that the Purchasers otherwise would be required to remit to the account designated by the Seller pursuant to Section 2.3(b) in connection with the Advance being made on the date of such reimbursement. The Seller and the Servicer hereby authorize and instruct the Purchasers to reimburse the Swingline Purchaser in such manner.

Appears in 1 contract

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.)

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Reimbursement of Swingline Advances. The Conduit Purchasers hereby agree that if the Swingline Purchaser funds any Swingline Advance, the Conduit Purchasers shall reimburse the Swingline Purchaser for such Swingline Advance not later than one Business Day after the Swingline Purchaser funds such Swingline Advance. Such reimbursement shall be accomplished by the Conduit Purchasers remitting to the Swingline Purchaser at the Swingline Purchaser’s Account or such other account as designated in writing by the Swingline Purchaser the amount (up to the amount of the outstanding Swingline Advance) that the Conduit Purchasers otherwise would be required to remit to the account designated by the Seller pursuant to Section 2.3(b) in connection with the Advance being made on the date of such reimbursement. The Seller and the Servicer hereby authorize and instruct the Conduit Purchasers to reimburse the Swingline Purchaser in such manner.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

Reimbursement of Swingline Advances. The Purchasers Conduit Lender hereby agree agrees that if the Swingline Purchaser Lender funds any Swingline Advance, (i) the Purchasers Conduit Lender shall reimburse the Swingline Purchaser Lender for such Swingline Advance not later than one two (2) Business Day Days after the Swingline Purchaser Lender funds such Swingline Advance. Such reimbursement shall be accomplished by the Purchasers Conduit Lender remitting to the Swingline Purchaser Lender at the Swingline PurchaserLender’s Account or such other account as designated in writing by the Swingline Purchaser Lender the amount (up to the amount of the outstanding Swingline Advance) that the Purchasers Conduit Lender otherwise would be required to remit to the account designated by the Seller Borrower pursuant to Section 2.3(bsubsection 2.3(e) in connection with the Advance being made on the date of such reimbursement. The Seller Borrower and the Servicer hereby authorize and instruct the Purchasers Conduit Lender to reimburse the Swingline Purchaser Lender in such manner.

Appears in 1 contract

Samples: Funding and Servicing Agreement (American Capital Strategies LTD)

Reimbursement of Swingline Advances. The Conduit Purchasers hereby agree that if the Swingline Purchaser funds any Swingline Advance, the Conduit Purchasers shall reimburse the Swingline Purchaser for such Swingline Advance not later than one Business Day after the Swingline Purchaser funds such Swingline Advance. Such reimbursement shall be accomplished by the Conduit Purchasers remitting to the Swingline Purchaser at the Swingline Purchaser’s Account or such other account as designated in writing by the Swingline Purchaser the amount (up to the amount of the outstanding Swingline Advance) that the Conduit Purchasers otherwise would be required to remit to the account designated by the Seller Borrower pursuant to Section 2.3(b) in connection with the Advance being made on the date of such reimbursement. The Seller and the Servicer hereby authorize and instruct the Conduit Purchasers to reimburse the Swingline Purchaser in such manner.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Capitalsource Inc)

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Reimbursement of Swingline Advances. The Conduit Purchasers hereby agree that if the Swingline Purchaser funds any Swingline Advance, (i) the Conduit Purchasers shall reimburse the Swingline Purchaser for such Swingline Advance not later than one Business Day after the Swingline Purchaser funds such Swingline Advance. Such reimbursement shall be accomplished by the Conduit Purchasers remitting to the Swingline Purchaser at the Swingline Purchaser’s Account or such other account as designated in writing by the Swingline Purchaser the amount (up to the amount of the outstanding Swingline Advance) that the Conduit Purchasers otherwise would be required to remit to the account designated by the Seller pursuant to Section 2.3(b) in connection with the Advance being made on the date of such reimbursement. The Seller and the Servicer hereby authorize and instruct the Conduit Purchasers to reimburse the Swingline Purchaser in such manner.

Appears in 1 contract

Samples: Sale and Servicing Agreement (NewStar Financial, Inc.)

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