Common use of The Multicurrency Swing Line Loans Clause in Contracts

The Multicurrency Swing Line Loans. Subject to all of the terms and conditions hereof, LaSalle Bank National Association (the "Multicurrency Swing Line Bank") agrees to make loans denominated in Alternative Swing Line Currencies to each and any Borrower ("Multicurrency Swing Line Loans") in amounts such that the Original Dollar Amount of (i) all Multicurrency Swing Line Loans and Foreign Credit L/C Obligations outstanding hereunder shall not exceed the Multicurrency Swing Line Commitment and (ii) all Revolving Loans (whether Committed Revolving Loans or Swing Line Loans) and L/C Obligations at any time outstanding hereunder shall not exceed the Revolving Credit Commitments then in effect minus, until the IBICO GmbH Pledge Event has occurred, $10,000,000 (or, if less, the Borrowing Base as then determined and computed in accordance with the terms hereof). The Multicurrency Swing Line Commitment shall be available to each and any Borrower and may be availed of by each Borrower from time to time and Borrowings thereunder may be repaid and used again during the period ending on the Revolving Credit Termination Date. Each Multicurrency Swing Line Loan shall be a Eurocurrency Loan subject to Section 2.1(b) hereof and the other terms and provisions hereof applicable to Eurocurrency Loans denominated in the same Alternative Swing Line Currency, other than the provisions of Section 1.2 applicable only to Committed Revolving Loans and the provisions of Section 2.2.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (General Binding Corp)

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The Multicurrency Swing Line Loans. Subject to all of the terms and conditions hereof, LaSalle National Bank National Association (the "Multicurrency Swing Line Bank") agrees to make loans denominated in Alternative Swing Line Currencies to each and any Borrower ("Multicurrency Swing Line Loans") in amounts such that the Original Dollar Amount of (i) all Multicurrency Swing Line Loans and Foreign Credit L/C Obligations outstanding hereunder shall not exceed the Multicurrency Swing Line Commitment and (ii) all Revolving Loans (whether Committed Revolving Loans, Bid Loans or Swing Line Loans) and L/C Obligations at any time outstanding hereunder shall not exceed the Revolving Credit Commitments then in effect minus, until the IBICO GmbH Pledge Event has occurred, $10,000,000 (or, if less, the Borrowing Base as then determined and computed in accordance with the terms hereof)effect. The Multicurrency Swing Line Commitment shall be available to each and any Borrower and may be availed of by each Borrower from time to time and Borrowings thereunder may be repaid and used again during the period ending on the Revolving Credit Termination Date. Each Multicurrency Swing Line Loan shall be a Eurocurrency Loan subject to Section 2.1(b1.3(b) hereof and the other terms and provisions hereof applicable to Eurocurrency Loans denominated in the same Alternative Swing Line Currency, other than the provisions of Section 1.2 1.1 applicable only to Committed Revolving Loans and the provisions of Section 2.21.4.

Appears in 1 contract

Samples: Credit Agreement (Sickinger Co)

The Multicurrency Swing Line Loans. Subject to all of the terms and conditions hereof, LaSalle Bank National Association (the "Multicurrency Swing Line Bank") agrees to make loans denominated in Alternative Swing Line Currencies to each and any Borrower ("Multicurrency Swing Line Loans") in amounts such that the Original Dollar Amount of (i) all Multicurrency Swing Line Loans and Foreign Credit L/C Obligations outstanding hereunder shall not exceed the Multicurrency Swing Line Commitment and (ii) all Revolving Loans (whether Committed Revolving Loans or Swing Line Loans) and L/C Obligations at any time outstanding hereunder shall not exceed the Revolving Credit Commitments then in effect minus, until the IBICO GmbH Pledge Event has occurred, $10,000,000 (or, if less, the Borrowing Base as then determined and computed in accordance with the terms hereof). The Multicurrency Swing Line Commitment shall be available to each and any Borrower and may be availed of by each Borrower from time to time and Borrowings thereunder may be repaid and used again during the period ending on the Revolving Credit Termination Date. Each Multicurrency Swing Line Loan shall be a Eurocurrency Loan subject to Section 2.1(b) hereof and the other terms and provisions hereof applicable to Eurocurrency Loans denominated in the same Alternative Swing Line Currency, other than the provisions of Section 1.2 applicable only to Committed Revolving Loans and the provisions of Section 2.2.

Appears in 1 contract

Samples: Multicurrency Credit Agreement (General Binding Corp)

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The Multicurrency Swing Line Loans. Subject to all of the terms and conditions hereof, LaSalle Bank National Association (the "Multicurrency Swing Line Bank") agrees to make loans denominated in Alternative Swing Line Currencies to each and any Borrower ("Multicurrency Swing Line Loans") in amounts such that the Original Dollar Amount of (i) all Multicurrency Swing Line Loans and Foreign Credit L/C Obligations outstanding hereunder shall not exceed the Multicurrency Swing Line Commitment and (ii) all Revolving Loans (whether Committed Revolving Loans or Swing Line Loans) and L/C Obligations at any time outstanding hereunder shall not exceed the Revolving Credit Commitments then in effect minus, until the IBICO GmbH Pledge Event has occurred, $10,000,000 (or, if less, the Borrowing Base as then determined and computed in accordance with the terms hereof)effect. The Multicurrency Swing Line Commitment shall be available to each and any Borrower and may be availed of by each Borrower from time to time and Borrowings thereunder may be repaid and used again during the period ending on the Revolving Credit Termination Date. Each Multicurrency Swing Line Loan shall be a Eurocurrency Loan subject to Section 2.1(b) hereof and the other terms and provisions hereof applicable to Eurocurrency Loans denominated in the same Alternative Swing Line Currency, other than the provisions of Section 1.2 1.1 applicable only to Committed Revolving Loans and the provisions of Section 2.2.

Appears in 1 contract

Samples: Credit Agreement (General Binding Corp)

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