{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "the-terms-and-conditions", "type": "clause", "offset": [15, 39]}, {"key": "swing-line-lender", "type": "definition", "offset": [52, 69]}, {"key": "revolving-credit-commitment-period", "type": "clause", "offset": [94, 128]}, {"key": "to-the-borrower", "type": "definition", "offset": [153, 168]}, {"key": "form-of", "type": "clause", "offset": [176, 183]}, {"key": "a-portion", "type": "definition", "offset": [222, 231]}, {"key": "the-credit", "type": "definition", "offset": [235, 245]}, {"key": "otherwise-available", "type": "definition", "offset": [246, 265]}, {"key": "the-revolving-credit-commitments", "type": "clause", "offset": [288, 320]}, {"key": "provided-that", "type": "clause", "offset": [322, 335]}, {"key": "loans-outstanding", "type": "definition", "offset": [385, 402]}, {"key": "at-any-time", "type": "clause", "offset": [403, 414]}, {"key": "in-effect", "type": "definition", "offset": [463, 472]}, {"key": "the-swing-line-loans", "type": "clause", "offset": [495, 515]}, {"key": "loans-hereunder", "type": "clause", "offset": [621, 636]}, {"key": "the-borrower-shall", "type": "clause", "offset": [771, 789]}, {"key": "after-giving", "type": "clause", "offset": [869, 881]}, {"key": "aggregate-amount", "type": "definition", "offset": [932, 948]}, {"key": "available-revolving-credit-commitments", "type": "definition", "offset": [956, 994]}, {"key": "in-accordance-with", "type": "definition", "offset": [1158, 1176]}, {"key": "loans-shall", "type": "definition", "offset": [1221, 1232]}, {"key": "base-rate-loans", "type": "definition", "offset": [1236, 1251]}, {"key": "outstanding-swing-line-loans", "type": "definition", "offset": [1291, 1319]}, {"key": "revolving-credit-termination-date", "type": "definition", "offset": [1327, 1360]}], "size": 196, "samples": [{"hash": "df1Eutk5Cf", "uri": "/contracts/df1Eutk5Cf#swing-line-commitment", "label": "Credit Agreement", "score": 29.3408622742, "published": true}, {"hash": "5eEoDyFmSTw", "uri": "/contracts/5eEoDyFmSTw#swing-line-commitment", "label": "Credit Agreement (National CineMedia, LLC)", "score": 23.9075965881, "published": true}, {"hash": "lf7aDJCA7mC", "uri": "/contracts/lf7aDJCA7mC#swing-line-commitment", "label": "Credit Agreement (Northwestern Corp)", "score": 21.0, "published": true}], "snippet": "(a) Subject to the terms and conditions hereof, the Swing Line Lender agrees that, during the Revolving Credit Commitment Period, it will make available to the Borrower in the form of swing line loans (\u201cSwing Line Loans\u201d) a portion of the credit otherwise available to the Borrower under the Revolving Credit Commitments; provided that (i) the aggregate principal amount of Swing Line Loans outstanding at any time shall not exceed the Swing Line Commitment then in effect (notwithstanding that the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender\u2019s other outstanding Revolving Credit Loans hereunder, may exceed the Swing Line Commitment then in effect or such Swing Line Lender\u2019s Revolving Credit Commitment then in effect) and (ii) the Borrower shall not request, and the Swing Line Lender shall not make, any Swing Line Loan if, after giving effect to the making of such Swing Line Loan, the aggregate amount of the Available Revolving Credit Commitments would be less than zero. During the Revolving Credit Commitment Period, the Borrower may use the Swing Line Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swing Line Loans shall be Base Rate Loans only.\n(b) The Borrower shall repay all outstanding Swing Line Loans on the Revolving Credit Termination Date.", "hash": "b7fd02116d3dec2cc4db9b3d6596c635", "id": 1}, {"snippet_links": [{"key": "the-terms-and-conditions", "type": "clause", "offset": [15, 39]}, {"key": "agrees-to", "type": "clause", "offset": [54, 63]}, {"key": "to-the-borrower", "type": "definition", "offset": [160, 175]}, {"key": "from-time-to-time", "type": "clause", "offset": [176, 193]}, {"key": "revolving-credit-commitment-period", "type": "clause", "offset": [205, 239]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [246, 272]}, {"key": "not-to-exceed", "type": "clause", "offset": [301, 314]}, {"key": "provided-that", "type": "clause", "offset": [328, 341]}, {"key": "sum-of", "type": "clause", "offset": [361, 367]}, {"key": "aggregate-outstanding-principal-amount", "type": "definition", "offset": [372, 410]}, {"key": "the-swing-line-loans", "type": 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"payment-received", "type": "clause", "offset": [3711, 3727]}, {"key": "return-to", "type": "clause", "offset": [3782, 3791]}, {"key": "maturity-date", "type": "clause", "offset": [3934, 3947]}, {"key": "in-respect-of", "type": "definition", "offset": [3968, 3981]}, {"key": "in-effect", "type": "definition", "offset": [4111, 4120]}, {"key": "outstanding-swing-line-loans", "type": "definition", "offset": [4204, 4232]}, {"key": "repaid-in-full", "type": "definition", "offset": [4242, 4256]}, {"key": "adjustment-to", "type": "clause", "offset": [4293, 4306]}, {"key": "after-giving", "type": "clause", "offset": [4482, 4494]}, {"key": "reallocation-of", "type": "clause", "offset": [4554, 4569]}, {"key": "letter-of-credit-participations", "type": "definition", "offset": [4570, 4601]}, {"key": "extended-revolving-credit-commitments", "type": "definition", "offset": [4681, 4718]}, {"key": "automatic-adjustment", "type": "clause", "offset": [4935, 4955]}, {"key": "the-relevant", "type": "clause", "offset": [5082, 5094]}], "size": 137, "samples": [{"hash": "3vqD8ULxWZ6", "uri": "/contracts/3vqD8ULxWZ6#swing-line-commitment", "label": "Credit Agreement (Cumulus Media Inc)", "score": 24.975358963, "published": true}, {"hash": "jSqSb25AQny", "uri": "/contracts/jSqSb25AQny#swing-line-commitment", "label": "First Lien Credit Agreement (Cumulus Media Inc)", "score": 23.986995697, "published": true}, {"hash": "6Z5GVqGf36Q", "uri": "/contracts/6Z5GVqGf36Q#swing-line-commitment", "label": "First Lien Credit Agreement (Cumulus Media Inc)", "score": 22.7221088409, "published": true}], "snippet": "(a) Subject to the terms and conditions hereof, JPMCB agrees to make swing line loans (individually, a \u201cSwing Line Loan\u201d; collectively, the \u201cSwing Line Loans\u201d) to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $30,000,000; provided that at no time may the sum of the aggregate outstanding principal amount of the Swing Line Loans and the Aggregate Revolving Credit Extensions of Credit exceed the Revolving Credit Commitments. Amounts borrowed by the Borrower under this subsection may be repaid and, through but excluding the Revolving Credit Termination Date, reborrowed. The Swing Line Loans shall be ABR Loans, and shall not be entitled to be converted into Eurodollar Loans. The Borrower shall give JPMCB irrevocable notice (which notice must be received by JPMCB prior to 1:00 p.m., New York City time) on the requested Borrowing Date specifying the amount of each requested Swing Line Loan, which shall be in the minimum amount of $250,000 or a whole multiple thereof. The proceeds of each Swing Line Loan will be made available by JPMCB to the Borrower by crediting the account of the Borrower at JPMCB with such proceeds. The proceeds of Swing Line Loans may be used solely for the purposes referred to in subsection 3.2.\n(b) JPMCB at any time in its sole and absolute discretion may, and on the thirtieth day (or if such day is not a Business Day, the next Business Day) after the Borrowing Date with respect to any Swing Line Loans shall, on behalf of the Borrower (which hereby irrevocably directs JPMCB to act on its behalf), request each Lender, including JPMCB, to make a Revolving Credit Loan (which shall be initially an ABR Loan) in an amount equal to such Lender\u2019s Revolving Credit Commitment Percentage of the amount of such Swing Line Loans (the \u201cRefunded Swing Line Loans\u201d) outstanding on the date such notice is given. Unless any of the events described in Section 9(f) shall have occurred (in which event the procedures of clause (c) of this subsection shall apply) each Lender shall make the proceeds of its Revolving Credit Loan available to JPMCB for the account of JPMCB at the office of JPMCB located at \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 prior to 12:00 Noon (New York City time) in funds immediately available on the Business Day next succeeding the date such notice is given. The proceeds of such Revolving Credit Loans shall be immediately applied to repay the Refunded Swing Line Loans.\n(c) If prior to the making of a Revolving Credit Loan pursuant to clause (b) of this subsection one of the events described in Section 9(f) shall have occurred, each Lender will, on the date such Loan would otherwise have been made, purchase an undivided participating interest in the Refunded Swing Line Loans in an amount equal to its Revolving Credit Commitment Percentage of such Refunded Swing Line Loans. Each Lender will immediately transfer to JPMCB, in immediately available funds, the amount of its participation and upon receipt thereof JPMCB will deliver to such Lender a Swing Line Loan Participation Certificate dated the date of receipt of such funds and in such amount.\n(d) Whenever, at any time after JPMCB has received from any Lender such Lender\u2019s participating interest in a Swing Line Loan, JPMCB receives any payment on account thereof, JPMCB will distribute to such Lender its participating interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender\u2019s participating interest was outstanding and funded) in like funds as received; provided, however, that in the event that such payment received by JPMCB is required to be returned, such Lender will return to JPMCB any portion thereof previously distributed by JPMCB to it in like funds as such payment is required to be returned by JPMCB.\n(e) If the maturity date shall have occurred in respect of any tranche of Revolving Credit Commitments at a time when another tranche or tranches of Revolving Credit Commitments is or are in effect with a longer maturity date, then on the earliest occurring maturity date all then outstanding Swing Line Loans shall be repaid in full on such date (and there shall be no adjustment to the participations in such Swing Line Loans as a result of the occurrence of such maturity date); provided, however, that if on the occurrence of such earliest maturity date (after giving effect to any repayments of Revolving Credit Loans and any reallocation of Letter of Credit participations as contemplated in subsection 3.3(d)), there shall exist sufficient unutilized Extended Revolving Credit Commitments so that the respective outstanding Swing Line Loans could be incurred pursuant the Extended Revolving Credit Commitments which will remain in effect after the occurrence of such maturity date, then there shall be an automatic adjustment on such date of the participations in such Swing Line Loans and same shall be deemed to have been incurred solely pursuant to the relevant Extended Revolving Credit Commitments, and such Swing Line Loans shall not be so required to be repaid in full on such earliest maturity date.", "hash": "9f3eb88c6c4af2d590354fbf835971ce", "id": 2}, {"snippet_links": [{"key": "procedure-for-swing-line-borrowing", "type": "clause", "offset": [7, 41]}, {"key": "refunding-of-swing-line-loans", "type": "clause", "offset": [43, 72]}, {"key": "repayment-of-loans", "type": "clause", "offset": [97, 115]}, {"key": "evidence-of-debt", "type": "definition", "offset": [117, 133]}, {"key": "commitment-fees", "type": "clause", "offset": [187, 202]}, {"key": "termination-or-reduction-of-revolving-credit-commitments", "type": "clause", "offset": [278, 334]}], "size": 24, "samples": [{"hash": "iZi7wJhwpgR", "uri": "/contracts/iZi7wJhwpgR#swing-line-commitment", "label": "Credit Agreement (Nebraska Book Co)", "score": 18.0, "published": true}, {"hash": "hxPU5OHSiy0", "uri": "/contracts/hxPU5OHSiy0#swing-line-commitment", "label": "Credit Agreement (NBC Acquisition Corp)", "score": 18.0, "published": true}], "snippet": "37 2.7 Procedure for Swing Line Borrowing; Refunding of Swing Line Loans................. 37 2.8 Repayment of Loans; Evidence of Debt.............................................. 39 2.9 Commitment Fees, etc.............................................................. 39 2.10 Termination or Reduction of Revolving Credit Commitments.......................... 40 2.11", "hash": "6407a60bff744d2ecd34396fe717b600", "id": 3}, {"snippet_links": [{"key": "procedure-for-swing-line-borrowing", "type": "clause", "offset": [7, 41]}, {"key": "refunding-of-swing-line-loans", "type": "clause", "offset": [43, 72]}], "size": 22, "samples": [{"hash": "h2tVIvJk3yX", "uri": "/contracts/h2tVIvJk3yX#swing-line-commitment", "label": "Credit Agreement (Cott Corp /Cn/)", "score": 18.0, "published": true}, {"hash": "d9QTU0V6bSO", "uri": "/contracts/d9QTU0V6bSO#swing-line-commitment", "label": "Credit Agreement (Cott Corp /Cn/)", "score": 18.0, "published": true}], "snippet": "33 2.7 Procedure for Swing Line Borrowing; Refunding of Swing Line Loans...............................", "hash": "2027247cdc09ab7d076b83ecd9254cd4", "id": 4}, {"snippet_links": [{"key": "the-terms-and-conditions", "type": "clause", "offset": [11, 35]}, {"key": "swing-line-lender", "type": "definition", "offset": [58, 75]}, {"key": "the-agreements", "type": "clause", "offset": [94, 108]}, {"key": "revolving-lenders", "type": "definition", "offset": [122, 139]}, {"key": "section-217", "type": "definition", "offset": [158, 170]}, {"key": "agrees-to", "type": "clause", "offset": [172, 181]}, {"key": "to-the-borrower", "type": "definition", "offset": [204, 219]}, {"key": "from-time-to-time", "type": "clause", "offset": [220, 237]}, {"key": "business-day", "type": "definition", "offset": [245, 257]}, {"key": "revolving-availability-period", "type": "definition", "offset": [269, 298]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [306, 332]}, {"key": "at-any-time", "type": "clause", "offset": [333, 344]}, {"key": "the-borrower-shall", "type": "clause", "offset": [432, 450]}, {"key": "outstanding-swing-line-loans", "type": "definition", "offset": [564, 592]}, {"key": "sum-of", "type": "clause", "offset": [642, 648]}, {"key": "the-total", "type": "clause", "offset": [649, 658]}, {"key": "revolving-exposures", "type": "definition", "offset": [659, 678]}, {"key": "total-revolving-commitments", "type": "clause", "offset": [693, 720]}, {"key": "provided-that", "type": "clause", "offset": [722, 735]}, {"key": "the-foregoing", "type": "definition", "offset": [880, 893]}, {"key": "immediately-upon-the", "type": "clause", "offset": [1021, 1041]}, {"key": "agree-to", "type": "clause", "offset": [1162, 1170]}, {"key": "risk-participation", "type": "definition", "offset": [1209, 1227]}, {"key": "equal-to", "type": "definition", "offset": [1265, 1273]}, {"key": "the-product", "type": "definition", "offset": [1274, 1285]}, {"key": "pro-rata-percentage", "type": "definition", "offset": [1313, 1332]}], "size": 15, "samples": [{"hash": "hPjZAM6Mgtt", "uri": "/contracts/hPjZAM6Mgtt#swing-line-commitment", "label": "Credit Agreement (Cvent Holding Corp.)", "score": 32.950717926, "published": true}, {"hash": "1ojKhN3mE9s", "uri": "/contracts/1ojKhN3mE9s#swing-line-commitment", "label": "Credit Agreement (Dragoneer Growth Opportunities Corp. II)", "score": 32.742641449, "published": true}, {"hash": "5S68qPJ9ugJ", "uri": "/contracts/5S68qPJ9ugJ#swing-line-commitment", "label": "Credit Agreement (Ping Identity Holding Corp.)", "score": 30.6399726868, "published": true}], "snippet": "Subject to the terms and conditions set forth herein, the Swing Line Lender, in reliance upon the agreements of the other Revolving Lenders set forth in this Section 2.17, agrees to make Swing Line Loans to the Borrower from time to time on any Business Day during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in (and upon each such Borrowing of Swing Line Loans, the Borrower shall be deemed to represent and warrant that such Borrowing will not result in) (i) the aggregate principal amount of outstanding Swing Line Loans exceeding the Swing Line Commitment, or (ii) the sum of the total Revolving Exposures exceeding the total Revolving Commitments; provided that the Swing Line Lender shall not be required to make a Swing Line Loan to refinance, in whole or in part, an outstanding Swing Line Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow Swing Line Loans. Immediately upon the making of a Swing Line Loan, each Revolving Lender shall be deemed to, and hereby does, irrevocably and unconditionally agree to purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Revolving Lender\u2019s Pro Rata Percentage times the amount of such Swing Line Loan.", "hash": "6150438db205f6e3ae2c025024461f3e", "id": 5}, {"snippet_links": [{"key": "the-terms-and-conditions", "type": "clause", "offset": [11, 35]}, {"key": "swing-line-lender", "type": "definition", "offset": [48, 65]}, {"key": "agrees-to", "type": "clause", "offset": [66, 75]}, {"key": "available-to", "type": "definition", "offset": [81, 93]}, {"key": "a-portion", "type": "definition", "offset": [108, 117]}, {"key": "the-credit", "type": "definition", "offset": [121, 131]}, {"key": "available-under", "type": "clause", "offset": [142, 157]}, {"key": "the-commitments", "type": "clause", "offset": [158, 173]}, {"key": "from-time-to-time", "type": "clause", "offset": [174, 191]}, {"key": "during-the-commitment-period", "type": "clause", "offset": [192, 220]}, {"key": "making-swing-line-loans", "type": "clause", "offset": [224, 247]}, {"key": "amount-not-to-exceed", "type": "clause", "offset": [312, 332]}, {"key": "loans-outstanding", "type": "definition", "offset": [427, 444]}, {"key": "at-any-time", "type": "clause", "offset": [445, 456]}, {"key": "outstanding-revolving-credit", "type": "definition", "offset": [509, 537]}, {"key": "loans-hereunder", "type": "clause", "offset": [538, 553]}, {"key": "in-effect", "type": "definition", "offset": [610, 619]}, {"key": "date-of", "type": "clause", "offset": [664, 671]}, {"key": "sum-of", "type": "clause", "offset": [756, 762]}, {"key": "loans-shall", "type": "definition", "offset": [851, 862]}, {"key": "total-commitments", "type": "clause", "offset": [878, 895]}, {"key": "any-non", "type": "clause", "offset": [920, 927]}, {"key": "funding-lender", "type": "definition", "offset": [928, 942]}, {"key": "applicable-to", "type": "clause", "offset": [1004, 1017]}, {"key": "in-accordance-with", "type": "definition", "offset": [1126, 1144]}, {"key": "loan-shall", "type": "definition", "offset": [1194, 1204]}, {"key": "per-annum", "type": "definition", "offset": [1229, 1238]}, {"key": "equal-to", "type": "definition", "offset": [1239, 1247]}, {"key": "the-federal-funds-rate", "type": "definition", "offset": [1248, 1270]}, {"key": "applicable-margin", "type": "definition", "offset": [1280, 1297]}], "size": 15, "samples": [{"hash": "jffQnrHSn3D", "uri": "/contracts/jffQnrHSn3D#swing-line-commitment", "label": "Credit Agreement (T. 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Rowe Price Multi-Sector Account Portfolios, Inc.)", "score": 25.4818611145, "published": true}], "snippet": "Subject to the terms and conditions hereof, the Swing Line Lender agrees to make available to each Borrower a portion of the credit otherwise available under the Commitments from time to time during the Commitment Period by making swing line loans (\u201cSwing Line Loans\u201d) to such Borrower in an aggregate principal amount not to exceed at any one time outstanding the Swing Line Commitment; provided, however, that the Swing Line Loans outstanding at any time, when aggregated with the Swing Line Lender\u2019s other outstanding Revolving Credit Loans hereunder, may not exceed the Swing Line Lender\u2019s Commitment then in effect; and provided further, however, that on the date of the making of any Swing Line Loan and while any Swing Line Loan is outstanding, the sum of the aggregate principal amount of all outstanding Revolving Credit Loans and Swing Line Loans shall not exceed the total Commitments (less the Commitment of any non-funding Lender referred to in Section 2.9(b)). During the Commitment Period applicable to each Borrower, such Borrower may use the Swing Line Commitment by borrowing, repaying and re-borrowing, all in accordance with the terms and conditions hereof. Each Swing Line Loan shall bear interest at a rate per annum equal to the Federal Funds Rate plus the Applicable Margin.", "hash": "07602439bf9baff04254888b539c0e25", "id": 6}, {"snippet_links": [{"key": "issuance-of-letters-of-credit", "type": "clause", "offset": [7, 36]}], "size": 13, "samples": [{"hash": "bJdxvnRaHRK", "uri": "/contracts/bJdxvnRaHRK#swing-line-commitment", "label": "Credit Agreement (CSK Auto Corp)", "score": 18.0, "published": true}], "snippet": "25 3.5 Issuance of Letters of Credit......................26 3.6", "hash": "778f1e8014fc15b713b3a0804435d92b", "id": 7}, {"snippet_links": [{"key": "procedure-for-swing-line-borrowing", "type": "clause", "offset": [8, 42]}, {"key": "refunding-of-swing-line-loans", "type": "clause", "offset": [103, 132]}, {"key": "participations-in-swing-line-loans", "type": "clause", "offset": [134, 168]}], "size": 12, "samples": [{"hash": "608j9dkifbK", "uri": "/contracts/608j9dkifbK#swing-line-commitment", "label": "Credit Agreement (Service Merchandise Co Inc)", "score": 18.0, "published": true}], "snippet": "44 3.15 Procedure for Swing Line Borrowing.................................................... 44 3.16 Refunding of Swing Line Loans; Participations in Swing Line Loans..................... 44 3.17", "hash": "0d0ee5a79367745452610323942f87bb", "id": 8}, {"snippet_links": [{"key": "the-terms-and-conditions", "type": "clause", "offset": [11, 35]}, {"key": "the-swing-line", "type": "clause", "offset": [44, 58]}, {"key": "individual-capacity", "type": "definition", "offset": [73, 92]}, {"key": "agrees-to", "type": "clause", "offset": [93, 102]}, {"key": "loans-in-dollars", "type": "clause", "offset": [119, 135]}, {"key": "the-option", "type": "clause", "offset": [163, 173]}, {"key": "other-alternative-currency", "type": "definition", "offset": [204, 230]}, {"key": "to-the-borrower", "type": "definition", "offset": [253, 268]}, {"key": "business-day", "type": "definition", "offset": [276, 288]}, {"key": "from-time-to-time", "type": "clause", "offset": [289, 306]}, {"key": "during-the-commitment-period", "type": "clause", "offset": [307, 335]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [342, 368]}, {"key": "not-to-exceed", "type": "clause", "offset": [397, 410]}, {"key": "dollar-equivalent-of-the", "type": "definition", "offset": [415, 439]}, {"key": "swing-line-lender-sublimit", "type": "definition", "offset": [440, 466]}, {"key": "in-no-event", "type": "clause", "offset": [492, 503]}, {"key": "total-available-revolving-commitment", "type": "definition", "offset": [571, 607]}, {"key": "prior-to", "type": "definition", "offset": [620, 628]}, {"key": "after-giving", "type": "clause", "offset": [645, 657]}, {"key": "use-of-proceeds", "type": "definition", "offset": [672, 687]}, {"key": "outstanding-revolving-loans", "type": "definition", "offset": [712, 739]}, {"key": "pro-rata-share", "type": "definition", "offset": [783, 797]}, {"key": "outstanding-swing-line-loans", "type": "definition", "offset": [810, 838]}, {"key": "lc-obligations", "type": "definition", "offset": [875, 889]}, {"key": "unpaid-drawings", "type": "definition", "offset": [904, 919]}, {"key": "relating-to", "type": "definition", "offset": [920, 931]}, {"key": "simultaneously-with-the", "type": "clause", "offset": [990, 1013]}, {"key": "assigned-dollar-value", "type": "definition", "offset": [1128, 1149]}, {"key": "by-the-borrower", "type": "clause", "offset": [1286, 1301]}, {"key": "revolver-termination-date", "type": "clause", "offset": [1370, 1395]}], "size": 11, "samples": [{"hash": "jDlSmTRtss", "uri": "/contracts/jDlSmTRtss#swing-line-commitment", "label": "Credit Agreement", "score": 31.3408622742, "published": true}, {"hash": "6ZcPEWzygSO", "uri": "/contracts/6ZcPEWzygSO#swing-line-commitment", "label": "Credit Agreement (Huntsman CORP)", "score": 28.4633808136, "published": true}, {"hash": "8R0C4aRvLop", "uri": "/contracts/8R0C4aRvLop#swing-line-commitment", "label": "Credit Agreement (Huntsman International LLC)", "score": 27.8747425079, "published": true}], "snippet": "Subject to the terms and conditions hereof, the Swing Line Lender in its individual capacity agrees to make swing line loans in Dollars, Euros or Sterling (or, at the option of the Swing Line Lender, any other Alternative Currency) (\u201cSwing Line Loans\u201d) to the Borrower on any Business Day from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the Dollar Equivalent of the Swing Line Lender Sublimit; provided, however, that in no event may the amount of any Borrowing of Swing Line Loans (A) exceed the Total Available Revolving Commitment immediately prior to such Borrowing (after giving effect to the use of proceeds thereof), (B) cause the outstanding Revolving Loans of any Lender, when added to such Lender\u2019s Pro Rata Share of the then outstanding Swing Line Loans and Pro Rata Share of the aggregate LC Obligations (exclusive of Unpaid Drawings relating to LC Obligations which are repaid with the proceeds of, and simultaneously with the incurrence of, Revolving Loans or Swing Line Loans) to exceed such Lender\u2019s Revolving Commitment or (C) cause the Assigned Dollar Value of Revolving Loans, Swing Line Loans and LC Obligations denominated in an Alternative Currency to exceed $150,000,000. Amounts borrowed by the Borrower under this Section 2.1(c)(i) may be repaid and reborrowed until the Revolver Termination Date.", "hash": "c9c37d202f61c05f00a4ccd37e3120df", "id": 9}, {"snippet_links": [{"key": "the-terms-and-conditions", "type": "clause", "offset": [11, 35]}, {"key": "swing-line-lender", "type": "definition", "offset": [48, 65]}, {"key": "individual-capacity", "type": "definition", "offset": [73, 92]}, {"key": "agrees-to", "type": "clause", "offset": [93, 102]}, {"key": "loans-in-dollars", "type": "clause", "offset": [119, 135]}, {"key": "to-company", "type": "clause", "offset": [157, 167]}, {"key": "business-day", "type": "definition", "offset": [175, 187]}, {"key": "from-time-to-time", "type": "clause", "offset": [188, 205]}, {"key": "during-the-commitment-period", "type": "clause", "offset": [206, 234]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [241, 267]}, {"key": "in-no-event", "type": "clause", "offset": [352, 363]}, {"key": "total-available-multicurrency-revolving-commitment", "type": "definition", "offset": [431, 481]}, {"key": "prior-to", "type": "definition", "offset": [494, 502]}, {"key": "after-giving", "type": "clause", "offset": [519, 531]}, {"key": "use-of-proceeds", "type": "definition", "offset": [546, 561]}, {"key": "multicurrency-revolving-loans", "type": "definition", "offset": [600, 629]}, {"key": "multicurrency-revolver-pro-rata-share", "type": "definition", "offset": [673, 710]}, {"key": "outstanding-swing-line-loans", "type": "definition", "offset": [723, 751]}, {"key": "lc-obligations", "type": "definition", "offset": [811, 825]}, {"key": "unpaid-drawings", "type": "definition", "offset": [840, 855]}, {"key": "relating-to", "type": "definition", "offset": [856, 867]}, {"key": "simultaneously-with-the", "type": "clause", "offset": [926, 949]}, {"key": "by-company", "type": "clause", "offset": [1093, 1103]}, {"key": "but-excluding", "type": "clause", "offset": [1155, 1168]}, {"key": "revolver-termination-date", "type": "clause", "offset": [1173, 1198]}, {"key": "loans-shall", "type": "definition", "offset": [1227, 1238]}, {"key": "base-rate-loans", "type": "definition", "offset": [1276, 1291]}, {"key": "section-26", "type": "clause", "offset": [1313, 1324]}, {"key": "type-of-loan", "type": "clause", "offset": [1379, 1391]}], "size": 11, "samples": [{"hash": "hXZLYwBsVoN", "uri": "/contracts/hXZLYwBsVoN#swing-line-commitment", "label": "Credit Agreement (Ball Corp)", "score": 26.4428482056, "published": true}, {"hash": "9rnMLoxQYhx", "uri": "/contracts/9rnMLoxQYhx#swing-line-commitment", "label": "Credit Agreement (Ball Corp)", "score": 26.3415470123, "published": true}, {"hash": "hkzWxGe6YBm", "uri": "/contracts/hkzWxGe6YBm#swing-line-commitment", "label": "Credit Agreement (Ball Corp)", "score": 26.1334705353, "published": true}], "snippet": "Subject to the terms and conditions hereof, the Swing Line Lender in its individual capacity agrees to make swing line loans in Dollars (\u201cSwing Line Loans\u201d) to Company on any Business Day from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding that do not exceed $75,000,000; provided, however, that in no event may the amount of any Borrowing of Swing Line Loans (A) exceed the Total Available Multicurrency Revolving Commitment immediately prior to such Borrowing (after giving effect to the use of proceeds thereof) or (B) cause the outstanding Multicurrency Revolving Loans of any Lender, when added to such Lender\u2019s Multicurrency Revolver Pro Rata Share of the then outstanding Swing Line Loans and Multicurrency Revolver Pro Rata Share of the aggregate LC Obligations (exclusive of Unpaid Drawings relating to LC Obligations which are repaid with the proceeds of, and simultaneously with the incurrence of, Multicurrency Revolving Loans or Swing Line Loans) to exceed such Lender\u2019s Multicurrency Revolving Commitment. Amounts borrowed by Company under this Section 2.1(b)(i) may be repaid and, to but excluding the Revolver Termination Date, reborrowed. The Swing Line Loans shall be made in Dollars and maintained as Base Rate Loans and, notwithstanding Section 2.6, shall not be entitled to be converted into any other Type of Loan.", "hash": "24bde791b0accfb94abcfa9bed3ca09e", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih5zd2luZy1saW5lLWNvbW1pdG1lbnQjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["european-swing-line", "European Swing Line"], ["swing-line-commitment", "Swing Line Commitment"], ["swing-line-transactions", "Swing Line Transactions"], ["us-swing-line", "U.S. Swing Line"], ["swing-line-loans", "Swing Line Loans"]], "parents": [["amount-and-terms-of-commitments", "Amount and Terms of Commitments"], ["swing-line-loans", "Swing Line Loans"], ["amount-and-terms-of-revolving-credit-commitments", "Amount and Terms of Revolving Credit Commitments"], ["the-credits", "The Credits"], ["amount-and-terms-of-credit", "AMOUNT AND TERMS OF CREDIT"]], "size": 526, "title": "Swing Line Commitment", "id": "swing-line-commitment", "related": [["swingline-commitment", "Swingline Commitment", "Swingline Commitment"], ["swing-line-facility", "Swing Line Facility", "Swing Line Facility"], ["swing-line-loans", "Swing Line Loans", "Swing Line Loans"], ["swing-line-advances", "Swing Line Advances", "Swing Line Advances"], ["swing-loan-commitment", "Swing Loan Commitment", "Swing Loan Commitment"]], "related_snippets": [], "updated": "2025-11-05T05:44:26+00:00", "also_ask": ["What are the strategic advantages and risks of utilizing a Swing Line Commitment in a credit facility?", "Which essential terms must be included to protect both lender and borrower interests in a Swing Line Commitment?", "How does the allocation of default risk differ between Swing Line Lenders and other facility lenders?", "What are the most common enforceability challenges for Swing Line Commitments in court?", "How do Swing Line Commitment provisions compare across major jurisdictions or standard market forms?"], "drafting_tip": "Specify the maximum swing line amount to cap lender exposure, define borrowing procedures to ensure operational clarity, and state repayment terms to prevent disputes.", "explanation": "The Swing Line Commitment clause defines the lender's obligation to provide short-term, revolving credit advances\u2014known as swing line loans\u2014up to a specified maximum amount. Typically, these loans are used to meet a borrower's immediate, day-to-day liquidity needs and are repaid quickly, often within a few days. By establishing clear terms for the availability and limits of these rapid-access funds, the clause ensures that borrowers can efficiently manage short-term cash flow fluctuations without renegotiating the main credit facility."}, "json": true, "cursor": ""}}