The Swing Loans Sample Clauses

The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrowers (i) in an amount not to exceed (i) Availability minus (ii) the Availability Block, to the extent in effect at such time of determination, as of such Business Day and (ii) in an aggregate amount (including all Swing Loans outstanding as of such Business Day) not to exceed the lesser of (A) the excess of (1) the Swing Bank’s ratable share (in accordance with its Revolving Commitment Ratio) of the Revolving Loan Commitment less (2) the sum of the aggregate outstanding principal amount of Swing Loans and Revolving Loans made by it and the Swing Bank’s ratable share (in accordance with its Revolving Commitment Ratio) of the outstanding Letter of Credit Obligations and Agent Advances, or (B) $5,000,000.
The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank, in its sole discretion, may from time to time on any Business Day after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrowers (i) in an amount not to exceed Availability as of such Business Day and (ii) in an aggregate amount (including all Swing Loans outstanding as of such Business Day) not to exceed $15,000,000.
The Swing Loans. Subject to the terms and conditions hereinafter set forth, including, without limitation, Section 2.8 hereof, the Swing Loan Lender, in its individual capacity, may in its sole discretion make revolving loans to the Borrower (each a “Swing Loan” and, collectively, the “Swing Loans”) from time to time on and after the Agreement Date, but prior to the Initial Maturity Date, for the purposes hereinafter set forth; provided, however, that (i) the aggregate amount of Swing Loans outstanding at any time shall not exceed the Swing Loan Committed Amount, and (ii) the sum of Revolving Loans, plus Swing Loans, plus L/C Obligations outstanding at any time shall not exceed the Revolving Loan Commitment. Swing Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof.
The Swing Loans. (a) The Company may request each Swing Loan Bank to make, and each Swing Loan Bank agrees, on the terms and conditions hereof including the limitation set forth in Section 2.01(b), to make Swing Loans to any Borrower from time to time on any Business Day during the period from the date of the initial Borrowing until 15 Business Days before the then scheduled Termination Date of such Swing Loan Bank in an aggregate amount as to all Borrowers not to exceed at any time outstanding the lesser of (i) the Swing Loan Commitments and (ii) the then Unused Commitments of Lenders having Termination Dates falling on or after the proposed maturity date of such Swing Loan.
The Swing Loans. On the terms and subject to the conditions contained in this Agreement, each Swing Loan Lender may, in its sole discretion, make loans (each, a “Swing Loan”) to the Swing Loan Borrower from time to time on any Business Day during the period from the date hereof until the Termination Date. Such Swing Loans shall be denominated in Dollars and in an aggregate principal amount not to exceed at any time outstanding the lesser of (i) the Swing Loan Commitments and (ii) the then Unused Commitments of Lenders having Termination Dates falling on or after the proposed maturity date of such Swing Loan. Each Swing Loan must be paid in full upon any Revolving Loan Borrowing by the Swing Loan Borrower hereunder and shall in any event mature no later than the Termination Date. Within the limits set forth in the first sentence of this Section 2.03, amounts of Swing Loans repaid may be reborrowed under this Section 2.03. Each Swing Loan Lender may, at its option, make any Swing Loan available to the Swing Loan Borrower by causing any domestic branch or Affiliate of such Swing Loan Lender to make such Swing Loan; provided that any exercise of such option shall not affect the obligation of the Swing Loan Borrower to repay such Swing Loan in accordance with the terms of this Agreement. SECTION 2.04.
The Swing Loans. (a) The Company may request each Swing Loan Bank to make, and each Swing Loan Bank agrees, subject to the terms and conditions hereof including the provisions of Section 2.01(b), to make Swing Loans to any Borrower from time to time on any Business Day during the period from the date of the initial Borrowing until 15 Business Days before the then scheduled Termination Date of such Swing Loan Bank in an aggregate amount as to all Borrowers not to exceed at any time outstanding an amount equal to the lesser of (i) such Swing Loan Bank’s Swing Loan Commitment, (ii) the sum of (x) such Swing Loan Bank’s Commitment minus (y) the sum of (1) the Revolving Loan Outstandings, (2) the Letter of Credit Outstandings, and (3) the Swing Loan Outstandings, in each case, attributable to such Lender and (iii) the sum of (x) the aggregate Commitments of Lenders having Termination Dates falling on or after the proposed maturity date of such Swing Loan minus (y) the sum of (1) the Revolving Loan Outstandings, (2) the Letter of Credit Outstandings, (3) the Competitive Bid Loan Outstandings, and (4) the Swing Loan Outstandings attributable to Swing Loans made by the other Swing Loan Banks.
The Swing Loans. The Swing Bank, in its sole discretion, on the terms and subject to the conditions contained in this Agreement, may make loans (each a "Swing Loan") to the Borrowers from time to time on any Business Day during the period from the date hereof until the Termination Date (i) in an aggregate amount not to exceed at any time outstanding $25,000,000 and (ii) in an amount for each Swing Loan Borrowing not to exceed the Excess Availability of the Revolving Credit Lenders at such time. The Swing Bank shall be entitled to rely on the most recent Borrowing Base Certificate delivered to the Agent.
The Swing Loans. Subject to the terms and conditions of this Agreement, the Swing Bank agrees to make Swing Loans in Dollars to the Borrower from time to time after the Agreement Date but prior to the Commitment Termination Date; provided, that no Swing Loans shall be made if, immediately after giving effect thereto, (i) the aggregate principal amount of Swing Loans outstanding at such time shall exceed $25,000,000, or (ii) the Aggregate Revolving Credit Obligations outstanding at such time shall exceed the aggregate Revolving Loan Commitments. Swing Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof.
The Swing Loans. (i) In lieu of making Revolving Credit Loans, the Swingline Lender, in its sole discretion, on the terms and subject to the conditions contained in this Agreement, may make loans (each a "Swing Loan") to Borrower from time to time until the Maturity Date as provided herein in an aggregate amount not to exceed at any time outstanding the Swing Loan Available Credit. Each Swing Loan Borrowing shall be made and prepaid upon such notice as the Swingline Lender and Borrower shall agree, except that Swing Loan Borrowings may be made automatically (A) pursuant to certain cash management arrangements made from time to time by Borrower with Administrative Lender and/or (B) for the purposes described in item (iii) below. All Swing Loan Borrowings shall be made as Prime Rate Loans and shall be evidenced by a Note payable to the order of the Swingline Lender.
The Swing Loans. The Company may request each --------------- Swing Loan Bank to make, and each Swing Loan Bank may from time to time, in its sole discretion, make, on