Common use of Swing Loan Request Clause in Contracts

Swing Loan Request. Each Swing Loan Advance shall be made after notice by the Borrower to the Swing Loan Lender ("Notice of Swing Loan Request"). Each Notice of Swing Loan Request shall be by telephone, telex or telecopier, confirmed immediately in writing, specifying therein the requested (a) date of such Swing Loan, (b) amount of such Swing Loan and (c) the maturity of such Swing Loan (which maturity shall be no later than the seventh Business Day after the requested date of such Advance). Each Notice of Swing Loan Request shall constitute a representation and warranty by the Borrower as of the time of such notice that the conditions specified in Sections 3.1 and 3.2 have been fulfilled at such time. The Swing Loan Lender will make such Swing Loan Advance available to the Borrower in the same day funds by depositing such funds in the Borrower's Account (i) not later than the close of business on the date of such notice if such notice is given not later than 2:00 pm. (Denver, Colorado time) on the date of the proposed Swing Loan Advance, or (ii) not later than the close of business on the date after such notice if such notice is given later than 2:00 p.m. (Denver, Colorado time) on the date of the proposed Swing Loan Advance. Within the limits of the Swing Loan Commitment, the Borrower may borrow under this Section 2.3, repay pursuant to Section 2.7 and reborrow under this Section 2.3.

Swing Loan Request. Each Swing Loan Advance shall be made after notice by the Borrower to the Swing Loan Lender ("Notice of Swing Loan Request"). Each Notice of Swing Loan Request shall be by telephone, telex or telecopier, confirmed immediately in writing, specifying therein the requested (a) date of such Swing Loan, (b) amount of such Swing Loan and (c) the maturity of such Swing Loan (which maturity shall be no later than the seventh Business Day after the requested date of such Advance). Each Notice of Swing Loan Request shall constitute a representation and warranty by the Borrower as of the time of such notice that the conditions specified in Sections 3.1 and 3.2 have been fulfilled at such time. The Swing Loan Lender will make such Swing Loan Advance available to the Borrower in the same day funds by depositing such funds in the Borrower's Account (i) not later than the close of business on the date of such notice if such notice is given not later than 2:00 pm. 11:00 a.m. (Denver, Colorado time) on the date of the proposed Swing Loan Advance, or (ii) not later than the close of business on the date after such notice if such notice is given later than 2:00 p.m. 11:00 a.m. (Denver, Colorado time) on the date of the proposed Swing Loan Advance. Within the limits of the Swing Loan Commitment, the Borrower may borrow under this Section 2.3, repay pursuant to Section 2.7 and reborrow under this Section 2.3.