Common use of Requests for Swingline Loans Clause in Contracts

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, of the amount and date of such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Facility as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of each Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 4 contracts

Samples: Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.), Credit Agreement (Willdan Group, Inc.)

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Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, of specifying in each case the amount and date of such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion may quote an interest rate to the Borrower at which the Swingline Lender would be willing to make Quoted Rate for such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, withdrawn and such Swingline Loan shall bear interest be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Base Domestic Rate Loans under the Revolving Facility as from time to time in effectCredit. Subject to all of the terms and conditions hereof, the proceeds of each such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 3 contracts

Samples: Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement (Jones Lang Lasalle Inc), Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. (Chicago time) 12:00 Noon on the date upon which the Borrower requests that any Swingline Loan be made, of the amount and date of such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Facility as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of each Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 3 contracts

Samples: Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (Postal Realty Trust, Inc.), Credit Agreement (Postal Realty Trust, Inc.)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 Noon (Chicago time) on the date upon which the Borrower requests that any the Swingline Loan be made, of the amount and date of such the Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such the Swingline Loan. If the Swingline Lender agrees to make such the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make such the Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for immediate prompt and irrevocable acceptance. If the Borrower does not so immediately promptly accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such the Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, such the Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Facility Credit as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of each the Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that ‑2 the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 2 contracts

Samples: Whitestone Credit Agreement (Pillarstone Capital Reit), Whitestone Credit Agreement (Whitestone REIT)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 Noon (Chicago time) on the date upon which the Borrower requests that any the Swingline Loan be made, of the amount and date of such the Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such the Swingline Loan. If the Swingline Lender agrees to make such the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make such the Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for immediate prompt and irrevocable acceptance. If the Borrower does not so immediately promptly accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such the Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, such the Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Facility Credit as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of each the Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 2 contracts

Samples: Assignment and Assumption (Whitestone REIT), Credit Agreement (Whitestone REIT)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, of specifying in each case the amount and date of such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion may quote an interest rate to the Borrower at which the Swingline Lender would be willing to make Quoted Rate for such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, withdrawn and such Swingline Loan shall bear interest be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Base Domestic Rate Loans under the Revolving Facility as from time to time in effectCredit. Subject to all of the terms and conditions hereof, the proceeds of each such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).the

Appears in 2 contracts

Samples: Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, of specifying in each case the amount and date of such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender Bank of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender Bank shall notify quote the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make Quoted Rate for such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, withdrawn and such Swingline Loan shall bear interest be made at the rate per annum for Base equal to the Domestic Rate Loans under the Revolving Facility as from time to time in effecteffect PLUS the Applicable Margin for Domestic Rate Loans. Subject to all of the terms and conditions hereof, the proceeds of each such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s 's Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender Bank may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, (i) the undertaking obligation of the Swingline Lender Bank to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender Bank shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders)Banks) and (ii) the Swingline Bank shall not be obligated to make more than one Swingline Loan during any one day.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, of specifying in each case the amount and date of such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion may quote an interest rate to the Borrower at which the Swingline Lender would be willing to make Quoted Rate for such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, withdrawn and such Swingline Loan shall bear interest be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Base Domestic Rate Loans under the Revolving Facility as from time to time in effectCredit. Subject to all of the terms and conditions hereof, the proceeds of each such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).terms

Appears in 1 contract

Samples: Credit Agreement (Jones Lang Lasalle Inc)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 Noon (Chicago time) on the date upon which the Borrower requests that any the Swingline Loan be made, of the amount and date of such the Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such the Swingline Loan. If the Swingline Lender Xxxxxx agrees to make such the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make such the Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for immediate prompt and irrevocable acceptance. If the Borrower does not so immediately promptly accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such the Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, such the Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Facility Credit as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of each the Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 1 contract

Samples: Credit Agreement (Whitestone REIT)

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Requests for Swingline Loans. The applicable Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 Noon (Chicago time) on the date upon which the such Borrower requests that any Swingline Loan be made, of the amount and date of such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the either Borrower. Thereafter, the The Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion quote an interest rate to the applicable Borrower at which the Swingline Lender would be willing to make such Swingline Loan available to the such Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges Borrowers acknowledge and agrees agree that the any such interest rate quote is will be given for immediate and irrevocable acceptance. If the applicable Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the such Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Facility as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of each Swingline Loan extended to the Borrower Borrowers shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the BorrowerBorrowers, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 1 contract

Samples: Credit Agreement (Hub Group, Inc.)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, of specifying in each case the amount and date of such Swingline Loan, and, if applicable, Loan and the Interest Period requested selected therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. ThereafterWithin thirty (30) minutes after receiving such notice, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion may quote an interest rate to the Borrower at which the Swingline Lender would be willing to make Quoted Rate for such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”)Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If , and if the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, withdrawn and such Swingline Loan shall bear interest be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Base Domestic Rate Loans under the Revolving Facility as from time to time in effectCredit. Subject to all of the terms and conditions hereof, the proceeds of each such Swingline Loan extended shall be made available to the Borrower shall be deposited or otherwise wire transferred to on the date so requested at the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, Agent and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).make

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Jones Lang Lasalle Inc)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 Noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, of the amount and date of such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the The Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges acknowledge and agrees agree that the any such interest rate quote is will be given for immediate and irrevocable acceptance. If the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Facility as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of each Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 1 contract

Samples: Credit Agreement (Hub Group, Inc.)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 Noon (Chicago time) on the date upon which the Borrower requests that any the Swingline Loan be made, of the amount and date of such the Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such the Swingline Loan. If the Swingline Lender agrees to make such the Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make such the Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest ‑2 Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for immediate prompt and irrevocable acceptance. If the Borrower does not so immediately promptly accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such the Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, such the Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Facility Credit as from time to time then currently in effect. Subject to the terms and conditions hereof, the proceeds of each the Swingline Loan extended to the Borrower shall be deposited or otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any the Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 1 contract

Samples: Credit Agreement (Whitestone REIT)

Requests for Swingline Loans. The Borrower shall give the Administrative Agent prior notice (which may be written or oral) no later than 3:00 p.m. 12:00 Noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, of the amount and date of such Swingline Loan, and, if applicable, the Interest Period requested therefor. The Administrative Agent shall promptly advise the Swingline Lender of any such notice received from the Borrower. Thereafter, the Swingline Lender shall notify the Administrative Agent (who shall thereafter promptly notify the Borrower) whether or not it has elected to make such Swingline Loan. If the Swingline Lender agrees to make such Swingline Loan, it may in its discretion quote an interest rate to the Borrower at which the Swingline Lender would be willing to make such Swingline Loan available to the Borrower for the Interest Period so requested (the rate so quoted for a given Interest Period being herein referred to as “Swingline Lender’s Quoted Rate”). The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance. If the Borrower does not so immediately accept the Swingline Lender’s Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Swingline Lender’s Quoted Rate shall be deemed immediately withdrawn. If the Swingline Lender’s Quoted Rate is not accepted or otherwise does not apply, such Swingline Loan shall bear interest at the rate per annum for Base Rate Loans under the Revolving Facility as from time to time in effect. Subject to the terms and conditions hereof, the proceeds of each Swingline Loan extended to the Borrower shall be deposited or ‑29‑ otherwise wire transferred to the Borrower’s Designated Disbursement Account or as the Borrower, the Administrative Agent, and the Swingline Lender may otherwise agree. Anything contained in the foregoing to the contrary notwithstanding, the undertaking of the Swingline Lender to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement (provided that the Swingline Lender shall be entitled to assume that the conditions precedent to an advance of any Swingline Loan have been satisfied unless notified to the contrary by the Administrative Agent or the Required Lenders).

Appears in 1 contract

Samples: Credit Agreement (Cal-Maine Foods Inc)

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