Common use of Repayment of Swing Loans Clause in Contracts

Repayment of Swing Loans. Upon the earlier to occur of (i) the date 10 Business Days after each Swing Loan Advance, and (ii) demand by the Swing Lender, the Borrower shall promptly borrow Revolving Credit Loans from the Lenders, pursuant to Section 2.1 hereof and apply the proceeds of such Revolving Credit Loans to the repayment of such Swing Loan Advance then due.

Appears in 4 contracts

Samples: Credit Agreement (Ezcorp Inc), Credit Agreement (Ezcorp Inc), Credit Agreement (Ezcorp Inc)

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Repayment of Swing Loans. Upon The Borrowers shall repay each Swing Loan on the earlier to occur of (i) the date 10 ten (10) Business Days after each such Swing Loan Advance, is made and (ii) demand by the Swing Lender, the Borrower shall promptly borrow Revolving Credit Loans from the Lenders, pursuant to Section 2.1 hereof and apply the proceeds of such Revolving Credit Loans to the repayment of such Swing Loan Advance then dueExpiration Date.

Appears in 1 contract

Samples: Master Lease Agreement (Gsi Commerce Inc)

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Repayment of Swing Loans. Upon the earlier to occur of (i) the date 10 fourteen (14) Business Days after each Swing Loan Advance, and (ii) demand by the Swing Lender, the Borrower shall promptly borrow Revolving Credit Tranche A Loans from the Lenders, pursuant to Section 2.1 hereof and apply the proceeds of such Revolving Credit Tranche A Loans to the repayment of such Swing Loan Advance then dueoutstanding.

Appears in 1 contract

Samples: Credit Agreement (Ezcorp Inc)

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