Common use of Swingline Clause in Contracts

Swingline. As Borrower desires to obtain Advances under the Swingline hereunder, Borrower shall give the Administrative Agent and LaSalle a Borrowing Notice by not later than 12:00 p.m. (Chicago time), on the Borrowing Date, specifying: (a) the Borrowing Date, which shall be a Business Day, of such Advance, and (b) the aggregate amount of such Advance. Each Advance under the Swingline shall bear interest at the Floating Rate, unless Borrower and LaSalle agree to a Negotiated Rate for a Negotiated Rate Interest Period. Subject to the borrowing limitations set forth in Section 2.1.2, by 2:00 p.m. (Chicago time) on each such Borrowing Date, LaSalle agrees to make its Advance under the Swingline to Borrower by deposit to the account of Borrower with LaSalle.