Common use of Swing Line Commitments Clause in Contracts

Swing Line Commitments. (a) (i) Subject to the terms and conditions hereof, the Swing Line Lender agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to any of the U.S. Borrowers from time to time during the Extending U.S. RCF Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $25,000,000, provided that at no time may the sum of the then outstanding Swing Line Loans, Extending U.S. RCF Loans and Extending U.S. RCF L/C Obligation Exposure exceed the lesser of (1) the Extending U.S. RCF Commitments then in effect and (2) the difference of (I) the U.S. Borrowing Base then in effect (based on the most recently delivered Borrowing Base Certificate) minus (II) the sum of (A) the aggregate unpaid balance of Extensions of Credit to, or on account of, the U.S. Borrowers under the Non-Extending U.S. RC Facility, (B) the excess of the unpaid balance of Extensions of Credit made to, or for the account of, the Canadian Borrowers over the Canadian Borrowing Base (based on the most recently delivered Borrowing Base Certificate), (C) the aggregate unpaid balance of Extensions of Credit to, or for the account of, the U.S. Borrowers pursuant to the Canadian RC Facilities (it being understood and agreed that the U.S. Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Canadian RCF Loans denominated in Canadian Dollars on the date the notice of borrowing of Swing Line Loans is given for purposes of determining compliance with this subsection) and (D) the aggregate unpaid balance of Extensions of Credit to, or for the benefit of, Canadian Xxxxx. Amounts borrowed by any U.S. Borrower under this subsection 2.4 may be repaid and, to but excluding the Extending RCF Maturity Date, reborrowed. All Swing Line Loans made to any U.S. Borrower shall be made in Dollars as ABR Loans and shall not be entitled to be converted into Eurocurrency Loans. The Parent Borrower (on behalf of itself or any other Borrower as the case may be) shall give the Swing Line Lender irrevocable notice (which notice must be received by the Swing Line Lender prior to 12:00 Noon, New York City time, on the requested Borrowing Date) specifying (1) the identity of the Borrower and (2) the amount of the requested Swing Line Loan. The proceeds of the Swing Line Loans will be made available by the Swing Line Lender to the respective Borrower identified in such notice at an office of the Swing Line Lender by crediting the account of such Borrower at such office with such proceeds in Dollars.

Swing Line Commitments. (a) (i) Subject to the terms and conditions hereof, the Swing Line Lender agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to any of the U.S. Borrowers from time to time during the Extending U.S. RCF Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $25,000,000100,000,000, provided that at no time may such Swing Line Loan cause the sum of the then outstanding Swing Line Loans, Extending U.S. RCF Facility Revolving Credit Loans (including in the case of U.S. Facility Revolving Credit Loans then outstanding in any Designated Foreign Currency, the Dollar Equivalent of the aggregate principal amount thereof) and Extending U.S. RCF L/C Obligation Exposure Obligations exceed the lesser of (1) the Extending U.S. RCF Facility Commitments then in effect and (2) the difference of (I) the U.S. Borrowing Base then in effect (based on the most recently delivered recent Borrowing Base Certificate) minus (II) the sum of (A) the aggregate unpaid balance of Extensions of Credit toif greater than zero, or on account of, the U.S. Borrowers under the Non-Extending U.S. RC Facility, (B) the excess of the unpaid balance of Extensions of Credit made to, to or for the account of, the Canadian Borrowers over the Canadian Borrowing Base (based on the most recently delivered recent Borrowing Base Certificate), (C) the aggregate unpaid balance of Extensions of Credit to, or for the account of, the U.S. Borrowers pursuant to the Canadian RC Facilities (it being understood and agreed that the U.S. Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Canadian RCF Revolving Credit Loans denominated in Canadian Dollars any Designated Foreign Currency on the date the notice of borrowing of Swing Line Loans is given for 108 purposes of determining compliance with this subsection) and (D) the aggregate unpaid balance of Extensions of Credit to, or for the benefit of, Canadian XxxxxSection 2.4). Amounts borrowed by any U.S. Borrower under this subsection Section 2.4 may be repaid and, to through but excluding the Extending RCF Maturity Termination Date, reborrowed. All Swing Line Loans made to any U.S. Borrower shall be made in Dollars as ABR Loans and shall not be entitled to be converted into Eurocurrency Loans. The Parent Borrower (on behalf of itself or any other Borrower as the case may be) shall give the Swing Line Lender irrevocable notice (which notice must be received by the Swing Line Lender prior to 12:00 Noon, New York City time, ) on the requested Borrowing Date) Date specifying (1) the identity of the Borrower and (2) the amount of the requested Swing Line Loan. The proceeds of the Swing Line Loans will be made available by the Swing Line Lender to the respective Borrower identified in such notice at an office of the Swing Line Lender by crediting the account of such Borrower at such office with such proceeds in Dollars.

Swing Line Commitments. (a) (i) Subject to the terms and conditions hereof, the Swing Line Lender agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to any of the U.S. Borrowers from time to time during the Extending U.S. RCF Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $25,000,000, provided that at no time may the sum of the then outstanding Swing Line Loans, Extending U.S. RCF Loans and Extending U.S. RCF L/C Obligation Exposure Obligations exceed the lesser of (1) the Extending Total U.S. RCF Commitments Commitment then in effect and (2) the difference of (I) the U.S. Borrowing Base then in effect (based on the most recently delivered Borrowing Base Certificate) minus (II) the sum of (A) the aggregate unpaid balance of Extensions of Credit to, or on account of, the U.S. Borrowers under the Non-Extending U.S. RC Facility, (B) the excess of the unpaid balance of Extensions of Credit made to, or for the account of, the Canadian Borrowers over the Canadian Borrowing Base (based on the most recently delivered Borrowing Base Certificate), (C) the aggregate unpaid balance of Extensions of Credit to, or for the account of, the U.S. Borrowers pursuant to the Canadian RC Facilities (it being understood and agreed that the U.S. Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Canadian RCF Loans denominated in Canadian Dollars on the date the notice of borrowing of Swing Line Loans is given for purposes of determining compliance with this subsection), (B) the aggregate unpaid balance of Extensions of Credit to, or for the account of, the U.S. Borrowers pursuant to the Canadian RC Facility and (DC) the aggregate unpaid balance of Extensions of Credit to, or for the benefit of, Canadian Xxxxx. Amounts borrowed by any U.S. Borrower under this subsection 2.4 may be repaid and, to but excluding the Extending Original RCF Maturity DateDate (or, with respect to Swing Line Loans outstanding pursuant to an Extended U.S. RCF Commitment (after giving effect to subsection 2.5(g)), the Maturity Date applicable thereto), reborrowed. All Swing Line Loans made to any U.S. Borrower shall be made in Dollars as ABR Loans and shall not be entitled to be converted into Eurocurrency Loans. The Parent Borrower (on behalf of itself or any other Borrower as the case may be) shall give the Swing Line Lender irrevocable notice (which notice must be received by the Swing Line Lender prior to 12:00 Noon, New York City time, on the requested Borrowing Date) Date specifying (1) the identity of the Borrower and (2) the amount of the requested Swing Line Loan. The proceeds of the Swing Line Loans will be made available by the Swing Line Lender to the respective Borrower identified in such notice at an office of the Swing Line Lender by crediting the account of such Borrower at such office with such proceeds in Dollars.

Swing Line Commitments. (a) (i) Subject to the terms and conditions hereof, the Swing Line Lender agrees to make swing line loans (individually, a “"Swing Line Loan”"; collectively, the “"Swing Line Loans”") to any of the U.S. Borrowers from time to time during the Extending U.S. RCF Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $25,000,000, provided that at no time may the sum of the then outstanding Swing Line Loans, Extending U.S. RCF Loans and Extending U.S. RCF L/C Obligation Exposure Obligations exceed the lesser of (1) the Extending U.S. RCF Commitments then in effect and (2) the difference of (I) the U.S. Borrowing Base then in effect (based on the most recently delivered Borrowing Base Certificate) minus (II) the sum of (A) the aggregate unpaid balance of Extensions of Credit to, or on account of, the U.S. Borrowers under the Non-Extending U.S. RC Facility, (B) the excess of the unpaid balance of Extensions of Credit made to, to or for the account of, the Canadian Borrowers over the Canadian Borrowing Base (based on the most recently delivered Borrowing Base Certificate), (CB) the aggregate unpaid balance of Extensions of Credit to, or for the account of, the U.S. Borrowers pursuant to the Canadian RC Facilities Facility (it being understood and agreed that the U.S. Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Canadian RCF Loans denominated in Canadian Dollars on the date the notice of borrowing of Swing Line Loans is given for purposes of determining compliance with this subsection) and (DC) the aggregate unpaid balance of Extensions of Credit to, or for the benefit of, Canadian Xxxxx. Amounts borrowed by any U.S. Borrower under this subsection 2.4 2.5 may be repaid and, to but excluding the Extending RCF Maturity Date, reborrowed. All Swing Line Loans made to any U.S. Borrower shall be made in Dollars as ABR Loans and shall not be entitled to be converted into Eurocurrency Loans. The Parent Borrower (on behalf of itself or any other Borrower as the case may be) shall give the Swing Line Lender irrevocable notice (which notice must be received by the Swing Line Lender prior to 12:00 Noon, New York City time, on the requested Borrowing Date) Date specifying (1) the identity of the Borrower and (2) the amount of the requested Swing Line Loan. The proceeds of the Swing Line Loans will be made available by the Swing Line Lender to the respective Borrower identified in such notice at an office of the Swing Line Lender by crediting the account of such Borrower at such office with such proceeds in Dollars.

Swing Line Commitments. (a) (i) Subject to the terms and conditions hereof, the Swing Line Lender agrees to make swing line loans (individually, a “Swing Line Loan”; collectively, the “Swing Line Loans”) to any of the U.S. Borrowers from time to time during the Extending U.S. RCF Commitment Period in an aggregate principal amount at any one time outstanding not to exceed $25,000,000, provided that at no time may the sum of the then outstanding Swing Line Loans, Extending U.S. RCF Loans and Extending U.S. RCF L/C Obligation Exposure Obligations exceed the lesser of (1) the Extending U.S. RCF Commitments then in effect and (2) the difference of (I) the U.S. Borrowing Base then in effect (based on the most recently delivered Borrowing Base Certificate) minus (II) the sum of (A) the aggregate unpaid balance of Extensions of Credit to, or on account of, the U.S. Borrowers under the Non-Extending U.S. RC Facility, (B) the excess of the unpaid balance of Extensions of Credit made to, to or for the account of, the Canadian Borrowers over the Canadian Borrowing Base (based on the most recently delivered Borrowing Base Certificate), (CB) the aggregate unpaid balance of Extensions of Credit to, or for the account of, the U.S. Borrowers pursuant to the Canadian RC Facilities Facility (it being understood and agreed that the U.S. Administrative Agent shall calculate the Dollar Equivalent of the then outstanding Canadian RCF Loans denominated in Canadian Dollars on the date the notice of borrowing of Swing Line Loans is given for purposes of determining compliance with this subsection) and (DC) the aggregate unpaid balance of Extensions of Credit to, or for the benefit of, Canadian XxxxxFxxxx. Amounts borrowed by any U.S. Borrower under this subsection 2.4 2.5 may be repaid and, to but excluding the Extending RCF Maturity Date, reborrowed. All Swing Line Loans made to any U.S. Borrower shall be made in Dollars as ABR Loans and shall not be entitled to be converted into Eurocurrency Loans. The Parent Borrower (on behalf of itself or any other Borrower as the case may be) shall give the Swing Line Lender irrevocable notice (which notice must be received by the Swing Line Lender prior to 12:00 Noon, New York City time, on the requested Borrowing Date) Date specifying (1) the identity of the Borrower and (2) the amount of the requested Swing Line Loan. The proceeds of the Swing Line Loans will be made available by the Swing Line Lender to the respective Borrower identified in such notice at an office of the Swing Line Lender by crediting the account of such Borrower at such office with such proceeds in Dollars.