Swing Line Borrowing Procedures. Each Swing Line Borrowing will be made upon the Administrative Borrower’s irrevocable notice, on behalf of the Borrowers, to Swing Line Lender and Administrative Agent, which may, subject to the provisions of Section 10.02(b) and Section 10.02(d), be given by telephone or by approved electronic communication. Each such notice must be received by Swing Line Lender and Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and must specify: (i) the amount to be borrowed, which will be a minimum of $500,000; and (ii) the requested borrowing date, which must be a Business Day. Each such telephonic notice or notice by electronic communication must be confirmed promptly by delivery to Swing Line Lender and Administrative Agent of a separate written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Administrative Borrower. Promptly after receipt by Swing Line Lender of any telephonic or electronic communication Swing Line Loan Notice, Swing Line Lender will confirm with Administrative Agent (by telephone or in writing, including by electronic communication) that Administrative Agent has also received such Swing Line Loan Notice and, if not, Swing Line Lender will notify Administrative Agent (by telephone or in writing) of the contents thereof. Unless (A) the Swing Line has been terminated or suspended by Swing Line Lender as provided in this Agreement, including Section 2.05(a), (B) Swing Line Lender has received notice (by telephone or in writing, including by electronic communication) from Administrative Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (1) directing Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the proviso to the first sentence of Section 2.05(a), or (2) that at least one of the applicable conditions specified in Article IV is not then satisfied, or (C) any Lender is then in default of its obligations to fund under Section 2.05(c)(i) or is otherwise a Defaulting Lender hereunder, unless cash collateral or other credit support satisfactory to Swing Line Lender has been pledged or otherwise provided to Swing Line Lender in respect of such Defaulting Lender’s participation in such Swing Line Borrowing or Swing Line Lender has otherwise entered into arrangements satisfactory to Swing Line Lender to eliminate Swing Line Lender’s risk with respect to such Defaulting Lender,...
Swing Line Borrowing Procedures. Each Swing Line Borrowing shall be made upon the irrevocable notice of the Lead Borrower or the Parent on behalf of the Domestic Borrowers or the Parent on behalf of the Canadian Borrower or the Canadian Borrower, as applicable, to the Swing Line Lender and the Administrative Agent or the Canadian Agent, as applicable, which may be given by telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent or the Canadian Agent, as applicable, not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000 or CD$100,000, as applicable, and (ii) the requested borrowing date, which shall be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing Line Lender and the Administrative Agent or the Canadian Agent, as applicable, of a written Swing Line Loan Notice, appropriately completed and signed by a Responsible Officer of the Lead Borrower, the Parent or the Canadian Borrower, as applicable. Promptly after receipt by the Swing Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent or the Canadian Agent, as applicable (by telephone or in writing) that the Administrative Agent or the Canadian Agent, as applicable, has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent or the Canadian Agent, as applicable (by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent or the Canadian Agent at the request of the Required Lenders prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the proviso in clause (i) or clause (ii) to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender may, in its discretion, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make the amount of its Swing Line Loan available to the Domestic Borrowers or the Canadian Borrower, as applicable, at its office by crediting the account of the Lead Borrower or such other account as directed by the Parent or the...
Swing Line Borrowing Procedures. The Company shall give written notice (substantially in the form of Exhibit A-1) or telephonic notice of a request for a borrowing of a Swing Line Loan (followed immediately by written confirmation thereof) to the Agent and the Swing Line Bank not later than 2:00 p.m., Detroit time (or such later time as shall be agreed upon between the Company and the Swing Line Bank) on the proposed date of such borrowing. Each such notice shall be effective upon receipt by the Agent and shall specify the date and the amount of the requested Swing Line Loan, which shall not be less than $1,000,000 (or such lesser amount as may be agreed to by the Swing Line Bank) or an integral multiple of $100,000 (or such lesser amount as may be agreed to by the Swing Line Bank) in excess thereof, and all interest payable on the Swing Line Loans shall be payable to the Swing Line Bank for its amounts. The Swing Line Loans shall bear interest at the Base Rate minus ½ %.
Swing Line Borrowing Procedures. Each Borrowing of Swing Line Loans shall be made in accordance with the provisions of any agreement between Swing Line Lender and Borrower establishing an “Auto Borrow” plan for, among other things, the automatic advance to Borrower for deposit into an account of Borrower with Swing Line Lender.
Swing Line Borrowing Procedures. (a) In order to request a Swing Line Loan, the Applicable Borrower shall telecopy (or forward by electronic mail or similar means) to the applicable Swing Line Lender and to the Administrative Agent a duly completed request setting forth the requested amount (the Dollar Equivalent of which shall be not less than $500,000) and date of the Swing Line Loan (a "Swing Line Loan Request"), to be received by such Swing Line Lender and the Administrative Agent not later than 1:00 p.m. (Local Time other than in the case of Swing Line Loans in Euros or GBP in respect of which notice shall be given by 1:00pm London time) on the day of any proposed borrowing. The Administrative Agent shall promptly confirm with the applicable Swing Line Lender the details and availability of the requested Swing Line Loan and the Aggregate Available Revolving Credit. Other than with respect to any borrowing that is provided for by any applicable Swing Line Reserve then in effect, the Swing Line Lender shall not make any such Swing Line Loan until it receives such confirmation from the Administrative Agent. Subject to the terms of this Agreement, the Swing Line Lender may make a Swing Line Loan available to the Applicable Borrower on the date specified in the foregoing notice. The Swing Line Lender shall not make any Swing Line Loan in the period commencing on the first Business Day after it receives written notice from the Administrative Agent or any Revolving Credit Lender that one or more of the conditions precedent contained in Article V shall not on such date be satisfied, and ending when such conditions are satisfied. The Swing Line Loan Lender shall not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in Article V have been satisfied in connection with the making of any Swing Line Loan.
