Common use of Swing Loans Clause in Contracts

Swing Loans. Borrower shall pay interest, for the sole benefit of Agent (and any Lender that has purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing Loan. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 4 contracts

Samples: Credit Agreement (Steris Corp), Credit Agreement (Steris Corp), Credit Agreement (Steris Corp)

AutoNDA by SimpleDocs

Swing Loans. US Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 4 contracts

Samples: Credit Agreement (Teletech Holdings Inc), Security Agreement (Teletech Holdings Inc), Credit Agreement (TTEC Holdings, Inc.)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 3 contracts

Samples: Credit Agreement (Sykes Enterprises Inc), Assignment and Acceptance Agreement (Epiq Systems Inc), Assignment and Acceptance Agreement (Shiloh Industries Inc)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing Loan. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 3 contracts

Samples: Credit Agreement (Teletech Holdings Inc), Credit Agreement (Teletech Holdings Inc), Assignment and Acceptance Agreement (Pioneer Standard Electronics Inc)

Swing Loans. Borrower Borrowers shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable for Revolving Loans from time to such Swing Loantime in effect. Interest on each Swing Loan Loans shall be payable on the Swing Loan Maturity Date applicable theretoeach Regularly Scheduled Payment Date. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 2 contracts

Samples: Credit Agreement (Gibraltar Industries, Inc.), Credit Agreement (Gibraltar Industries, Inc.)

Swing Loans. Borrower The Borrowers shall pay interestinterest to the Administrative Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has purchased shall have funded a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 2 contracts

Samples: Second Amendment Agreement (Universal Logistics Holdings, Inc.), Credit and Security Agreement (Universal Logistics Holdings, Inc.)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 2 contracts

Samples: Assignment and Acceptance Agreement (Parametric Technology Corp), Credit Agreement (Sykes Enterprises Inc)

Swing Loans. Borrower Borrowers shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Bank (and any Lender Bank that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing Loan. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 2 contracts

Samples: Credit and Security Agreement (MTC Technologies Inc), Credit and Security Agreement (MTC Technologies Inc)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing LoanBase Rate. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 2 contracts

Samples: Credit Agreement (Cintas Corp), Credit Agreement (Cintas Corp)

Swing Loans. US Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any US Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing Loan. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 2 contracts

Samples: Credit Agreement (Applied Industrial Technologies Inc), Credit Agreement (Applied Industrial Technologies Inc)

Swing Loans. Borrower US Borrowers shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 2 contracts

Samples: Credit Agreement (IHS Inc.), Assignment and Acceptance Agreement (Agilysys Inc)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan Loans shall be payable on the Swing Loan Maturity Date applicable theretoeach Regularly Scheduled Payment Date. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 2 contracts

Samples: Credit and Security Agreement (Shiloh Industries Inc), Credit and Security Agreement (Shiloh Industries Inc)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan Loans shall be payable on the Swing Loan Maturity Date applicable theretoeach Regularly Scheduled Payment Date. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Netscout Systems Inc)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing Loan. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Shiloh Industries Inc)

Swing Loans. US Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable plus the Applicable Margin for Base Rate Loans from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit Agreement (TTEC Holdings, Inc.)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing LoanBase Rate. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit and Security Agreement (Epiq Systems Inc)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time time, from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan Loans shall be payable on the Swing Loan Maturity Date applicable theretoeach Regularly Scheduled Payment. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit and Security Agreement (Kratos Defense & Security Solutions, Inc.)

AutoNDA by SimpleDocs

Swing Loans. Borrower Borrowers shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time time, from the date thereof until paid paid, at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit and Security Agreement (Epiq Systems Inc)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable to such Swing Loan. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit Agreement (Sykes Enterprises Inc)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at a fixed rate equal to the Derived Swing Loan Rate applicable to such Swing Loan. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit Agreement (Nautilus, Inc.)

Swing Loans. Borrower US Borrowers shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing Loan. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit Agreement (IHS Inc.)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable for Revolving Loans from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit and Security Agreement (Jupitermedia Corp)

Swing Loans. Borrower The Borrowers shall pay interestinterest to the Administrative Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has purchased shall have funded a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit and Security Agreement (DMC Global Inc.)

Swing Loans. The Borrower shall pay interestinterest to the Administrative Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has purchased shall have funded a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit and Security Agreement (Bel Fuse Inc /Nj)

Swing Loans. Borrower Borrowers shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit and Security Agreement (Epiq Systems Inc)

Swing Loans. Borrower shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Rate applicable to such Swing LoanBase Rate. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Assignment and Acceptance Agreement (Teletech Holdings Inc)

Swing Loans. Borrower Borrowers shall pay interestinterest to Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has shall have purchased a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time time, from the date thereof until paid paid, at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.

Appears in 1 contract

Samples: Credit and Security Agreement (Epiq Systems Inc)

Swing Loans. Borrower The Borrowers shall pay interestinterest to the Administrative Agent, for the sole benefit of Agent the Swing Line Lender (and any Revolving Lender that has purchased shall have funded a participation in such Swing Loan), on the unpaid principal amount of each Swing Loan outstanding from time to time from the date thereof until paid at the Derived Swing Loan Base Rate applicable from time to such Swing Loantime in effect. Interest on each Swing Loan shall be payable on the Swing Loan Maturity Date applicable thereto. Each Swing Loan shall bear interest for a minimum of one day.. (c)

Appears in 1 contract

Samples: First Amendment Agreement (DMC Global Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.