Common use of The Swing Line Loans Clause in Contracts

The Swing Line Loans. Subject to the terms and conditions hereinafter set forth, upon notice by Xxxxxxx-Xxxxxxx made to the Swing Line Bank in accordance with Section 2A.2 hereof, the Swing Line Bank agrees to lend to the Domestic Borrowers Swing Line Loans on any Business Day prior to the Revolving Credit Loan Maturity Date in an aggregate principal amount not to exceed $5,000,000 (the "Maximum Swing Line Loan Amount"). Each Swing Line Loan shall be in a minimum amount equal to $1,000 or an integral multiple thereof. Notwithstanding any other provisions of this Credit Agreement and in addition to the limit set forth above, at no time shall the aggregate principal amount of all outstanding Swing Line Loans exceed (a) the Total Revolving Credit Commitment then in effect minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Loans outstanding, (ii) the aggregate Maximum Drawing Amount of all Letters of Credit outstanding, (iii) all Unpaid Reimbursement Obligations and (iv) the Dollar Equivalent of the aggregate face amount of all outstanding Bankers' Acceptances; provided however that subject to the limitations set forth in this Section 2A.1 from time to time the sum of the aggregate outstanding Swing Line Loans plus all outstanding Revolving Credit Loans made by the Swing Line Bank may exceed the Swing Line Bank's Commitment Percentage of the Total Revolving Credit Commitment then in effect.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Russell-Stanley Holdings Inc)

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The Swing Line Loans. Subject to the terms and conditions hereinafter set forth, upon notice by Xxxxxxx-Xxxxxxx the Borrower made to the Swing Line Bank Lender in accordance with Section 2A.2 3.2 hereof, the Swing Line Bank Lender agrees to lend to the Domestic Borrowers Borrower Swing Line Loans on any Business Day prior to the Revolving Credit Loan Final Maturity Date in an aggregate principal amount not to exceed $5,000,000 20,000,000 (the "Maximum Swing Line Loan AmountMAXIMUM SWING LINE LOAN AMOUNT"). Each Swing Line Loan shall be in a minimum amount equal to $1,000 500,000 or an integral multiple of $100,000 in excess thereof. Notwithstanding any other provisions of this Credit Agreement and in addition to the limit set forth above, at no time shall the aggregate principal amount of all outstanding Swing Line Loans exceed the remainder of (ai) the Total Revolving Credit Commitment then in effect minus MINUS (bii) the sum of of, without duplication, (iA) the aggregate principal amount of all Revolving Credit Loans outstanding, PLUS (iiB) the aggregate Maximum Drawing Amount of all Letters of Credit outstandingAmount, PLUS (iiiC) all Unpaid Reimbursement Obligations and (iv) the Dollar Equivalent of the aggregate face amount of all outstanding Bankers' AcceptancesObligations; provided however that PROVIDED, HOWEVER, subject to the limitations set forth in this Section 2A.1 3.1 from time to time the sum of the aggregate outstanding Swing Line Loans plus PLUS all outstanding Revolving Credit Loans made by the Swing Line Bank Lender may exceed the Swing Line BankLender's Commitment or Commitment Percentage of the Total Revolving Credit Commitment then in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Timberland Co)

The Swing Line Loans. Subject to the terms and conditions hereinafter set forth, upon notice by Xxxxxxx-Xxxxxxx the Borrower made to the Swing Line Bank Lender in accordance with Section 2A.2 3.2 hereof, the Swing Line Bank Lender agrees to lend to the Domestic Borrowers Borrower Swing Line Loans on any Business Day prior to the Revolving Credit Loan Final Maturity Date in an aggregate principal amount not to exceed $5,000,000 15,000,000 (the "Maximum Swing Line Loan AmountMAXIMUM SWING LINE LOAN AMOUNT"). Each Swing Line Loan shall be in a minimum amount equal to $1,000 500,000 or an integral multiple of $100,000 in excess thereof. Notwithstanding any other provisions of this Credit Agreement and in addition to the limit set forth above, at no time shall the aggregate principal amount of all outstanding Swing Line Loans exceed the remainder of (ai) the Total Revolving Credit Commitment then in effect minus MINUS (bii) the sum of of, without duplication, (iA) the aggregate principal amount of all Revolving Credit Loans outstanding, PLUS (iiB) the aggregate Maximum Drawing Amount of all Letters of Credit outstandingAmount, PLUS (iiiC) all Unpaid Reimbursement Obligations and (iv) the Dollar Equivalent of the aggregate face amount of all outstanding Bankers' AcceptancesObligations; provided however that PROVIDED, HOWEVER, subject to the limitations set forth in this Section 2A.1 3.1 from time to time the sum of the aggregate outstanding Swing Line Loans plus PLUS all outstanding Revolving Credit Loans made by the Swing Line Bank Lender may exceed the Swing Line BankLender's Commitment or Commitment Percentage of the Total Revolving Credit Commitment then in effect.

Appears in 1 contract

Samples: Revolving Credit Agreement (Timberland Co)

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The Swing Line Loans. Subject to the terms and conditions hereinafter set forth, upon notice by Xxxxxxx-Xxxxxxx made the Borrower to the Swing Line Bank BKB in accordance with this Section 2A.2 hereof2.10, BKB agrees to make loans to the Borrower (the "Swing Line Bank agrees to lend to the Domestic Borrowers Swing Line Loans Loans") on any Business Day prior to the Revolving Credit Loan Maturity Date in an aggregate principal amount (together with all other outstanding Swing Line Loans) not to exceed $5,000,000 (the "Maximum Swing Line Loan Amount")10,000,000 at any one time outstanding. Each Swing Line Loan shall be in a minimum amount equal to $1,000 or 1,000,000 and in an integral multiple thereof. Notwithstanding any other provisions of this Credit Agreement and in addition to the limit set forth above, at no time shall the aggregate principal amount of amountof all outstanding Swing Line Loans exceed the lesser of (ai) the Total Revolving Credit Commitment of BKB then in effect effect, minus (b) the sum of (iwithout duplication)(A) the aggregate principal amount of all Revolving Credit Syndicated Loans by BKB outstanding, (iiB) the aggregate Maximum Drawing Amount of all Letters of Credit outstanding, (iii) all Unpaid Reimbursement Obligations and (iv) the Dollar Equivalent of the aggregate face amount of all Competitive Bid Loans by BKB outstanding Bankers' Acceptances; provided however that subject to the limitations set forth in this Section 2A.1 from time to time the sum of the aggregate outstanding Swing Line Loans plus all outstanding Revolving Credit Loans made by the Swing Line Bank may exceed the Swing Line Bankand (C) BKB's Commitment Percentage of the Maximum Drawing Amount plus all unpaid Reimbursement Obligations, and (ii) the Total Revolving Credit Commitment then in effect, minus the sum of (without duplication) (A) the aggregate principal amount of all Syndicated Loans outstanding, (B) the aggregate amount of Competitive Bid Loans outstanding, (C) the Maximum Drawing Amount, and (D) all Unpaid Reimbursement Obligations.

Appears in 1 contract

Samples: Revolving Credit Agreement (Stride Rite Corp)

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