Common use of Swing Loans Clause in Contracts

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of US Borrower to repay the Swing Loans and to pay interest thereon, US Borrower shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from US Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 5 contracts

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

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Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of US Borrower Borrowers to repay the Swing Loans and to pay interest thereon, US Borrower Borrowers shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from US Borrower’s Borrowers’ obligations to the Swing Line Lender hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Gibraltar Industries, Inc.), Credit and Security Agreement (Epiq Systems Inc), Credit Agreement (Gibraltar Industries, Inc.)

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of US Borrower to repay the Swing Loans and to pay interest thereon, US Borrower shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from US Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 4 contracts

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

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of US Borrower the Borrowers to repay the Swing Loans and to pay interest thereon, US Borrower the Borrowers shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from US Borrower’s the Borrowers’ obligations to the Swing Line Lender hereunder.

Appears in 3 contracts

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

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of US Borrower the Borrowers to repay the Swing Loans and to pay interest thereon, US Borrower the Borrowers shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from US Borrower’s the Borrowers’ obligations to the Swing Line Lender hereunder.. (c)

Appears in 1 contract

Samples: First Amendment Agreement (DMC Global Inc.)

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Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of US the Borrower to repay the Swing Loans and to pay interest thereon, US the Borrower shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from US the Borrower’s obligations to the Swing Line Lender hereunder.

Appears in 1 contract

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

Swing Loans. Upon the request of the Swing Line Lender, to evidence the obligation of US Borrower to repay the Swing Loans and to pay interest thereon, US Borrower shall execute a Swing Line Note, payable to the order of the Swing Line Lender in the principal amount of the Swing Line Commitment, or, if less, the aggregate unpaid principal amount of Swing Loans made by the Swing Line Lender; provided that the failure of the Swing Line Lender to request a Swing Line Note shall in no way detract from US Borrower’s 's obligations to the Swing Line Lender hereunder.

Appears in 1 contract

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

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