Common use of Requests for Swingline Loans Clause in Contracts

Requests for Swingline Loans. The Borrower shall give the Administrative Agent and Hxxxxx Bank prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, specifying in each case the amount and date of such Swingline Loan and the Interest Period selected therefor. Within thirty (30) minutes after receiving such notice, Hxxxxx Bank shall quote the Quoted Rate for such Interest Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance, and if the Borrower does not so immediately accept the Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Quoted Rate shall be deemed immediately withdrawn and such Swingline Loan shall be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Domestic Rate Loans. Subject to all of the terms and conditions hereof, the proceeds of such Swingline Loan shall be made available to the Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation of Hxxxxx Bank to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Hxxxxx Bank shall not be obligated to make more than one Swingline Loan during any one day.

Appears in 2 contracts

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

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Requests for Swingline Loans. The Borrower shall give the Administrative Agent and Hxxxxx Xxxxxx Bank prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, specifying in each case the amount and date of such Swingline Loan and the Interest Period selected therefor. Within thirty (30) minutes after receiving such notice, Hxxxxx Xxxxxx Bank shall quote the Quoted Rate for such Interest Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance, and if the Borrower does not so immediately accept the Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Quoted Rate shall be deemed immediately withdrawn and such Swingline Loan shall be made at the rate per annum equal to the Domestic Rate from time to time in effect plus PLUS the Applicable Margin for Domestic Rate Loans. Subject to all of the terms and conditions hereof, the proceeds of such Swingline Loan shall be made available to the Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation of Hxxxxx Xxxxxx Bank to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Hxxxxx Xxxxxx 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 and Hxxxxx Xxxxxx Bank prior notice (which may be written or oral) no later than 12:00 Noon noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, specifying in each case the amount and date of such Swingline Loan and the Interest Period selected therefor. Within thirty (30) minutes after receiving such notice, Hxxxxx Xxxxxx Bank shall quote the Quoted Rate for such Interest Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance, and if the Borrower does not so immediately accept the Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Quoted Rate shall be deemed immediately withdrawn and such Swingline Loan shall be made at the rate per annum equal to the Domestic Rate from time to time in effect plus PLUS the Applicable Margin for Domestic Rate Loans. Subject to all of the terms and conditions hereof, the proceeds of such Swingline Loan shall be made available to the Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation of Hxxxxx Xxxxxx Bank to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Hxxxxx Xxxxxx Bank shall not be obligated to make more than one Swingline Loan during any one day.

Appears in 1 contract

Samples: Jones Lang Lasalle Inc

Requests for Swingline Loans. The Borrower shall give the Administrative Agent and Hxxxxx Bank prior notice (which may be written or oral) no later than 12:00 Noon noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, specifying in each case the amount and date of such Swingline Loan and the Interest Period selected therefor. Within thirty (30) minutes after receiving such notice, Hxxxxx Bank the Administrative Agent shall quote the Quoted Rate for such Interest Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance, and if the Borrower does not so immediately accept the Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Quoted Rate shall be deemed immediately withdrawn and such Swingline Loan shall be made at the rate per annum equal to the Domestic Rate from time to time in effect plus PLUS the Applicable Margin for Domestic Rate Loans. Subject to all of the terms and conditions hereof, the proceeds of such Swingline Loan shall be made available to the Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation of Hxxxxx Bank the Administrative Agent to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Hxxxxx Bank the Administrative Agent 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)

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Requests for Swingline Loans. The Borrower shall give the Administrative Agent and Hxxxxx Xxxxxx Bank prior notice (which may be written or oral) no later than 12:00 Noon (Chicago time) on the date upon which the Borrower requests that any Swingline Loan be made, specifying in each case the amount and date of such Swingline Loan and the Interest Period selected therefor. Within thirty (30) minutes after receiving such notice, Hxxxxx Xxxxxx Bank shall quote the Quoted Rate for such Interest Period. The Borrower acknowledges and agrees that the interest rate quote is given for immediate and irrevocable acceptance, and if the Borrower does not so immediately accept the Quoted Rate for the full amount requested by the Borrower for such Swingline Loan, the Quoted Rate shall be deemed immediately withdrawn and such Swingline Loan shall be made at the rate per annum equal to the Domestic Rate from time to time in effect plus the Applicable Margin for Domestic Rate Loans. Subject to all of the terms and conditions hereof, the proceeds of such Swingline Loan shall be made available to the Borrower on the date so requested at the offices of the Administrative Agent in Chicago, Illinois. Anything contained in the foregoing to the contrary notwithstanding, (i) the obligation of Hxxxxx Xxxxxx Bank to make Swingline Loans shall be subject to all of the terms and conditions of this Agreement and (ii) Hxxxxx Xxxxxx 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)

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