Common use of The Swing Loans Clause in Contracts

The Swing Loans. Subject to the terms and conditions hereof, the Swing --------------- Bank, in its sole discretion, may from time to time after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrower in an aggregate principal amount not to exceed at any time outstanding the least of (i) the Swing Bank's pro rata share (in accordance with its Commitment Ratio) of the Available Commitment, (ii) the excess of (x) the Swing Bank's pro rata share (in accordance with its Commitment Ratio) of the Commitment over (y) the sum of the aggregate outstanding principal amount of Swing Loans and Revolving Loans made by it and the

Appears in 1 contract

Samples: Zenith Electronics Corp

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The Swing Loans. Subject to the terms and conditions hereof, the Swing --------------- Bank, in its sole discretion, may from time to time after the Agreement Date but prior to the Initial Maturity Date, make Swing Loans to the Borrower in an aggregate principal amount not to exceed at any time outstanding the least of (i) the Swing Bank's pro ’s pro-rata share (in accordance with its Commitment Ratio) of the Available Revolving Loan Commitment, (ii) the excess of (x) the Swing Bank's pro ’s pro-rata share (in accordance with its Commitment Ratio) of the Revolving Loan Commitment over (y) the sum of the aggregate outstanding principal amount of Swing Loans and Revolving Loans made by it and thethe Swing Bank’s pro-rata share (in accordance with its Commitment Ratio) of the outstanding Letter of Credit Obligations, and (iii) $5,000,000.

Appears in 1 contract

Samples: Credit Agreement (El Pollo Loco, Inc.)

The Swing Loans. Subject to the terms and conditions hereof, the Swing --------------- Bank, in its sole discretion, may from time to time after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrower in an aggregate principal amount not to exceed at any time outstanding the least of (i) the Swing Bank's pro rata share (in accordance with its Commitment Ratio) of the Available Revolving Loan Commitment, (ii) the excess of (x) the Swing Bank's pro rata share (in accordance with its Commitment Ratio) of the Revolving Loan Commitment over (y) the sum of the aggregate outstanding principal amount of Swing Loans and Revolving Loans made by it and thethe Swing Bank's pro rata share (in accordance with its Commitment Ratio) of the outstanding Letter of Credit Obligations, and (iii) $11,000,000. (e)

Appears in 1 contract

Samples: Credit Agreement (Zenith Electronics Corp)

The Swing Loans. Subject to the terms and conditions hereof, the Swing --------------- Bank, in its sole discretion, may from time to time after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrower in an aggregate principal amount not to exceed at any time outstanding the least of (i) the Swing Bank's pro rata share (in accordance with its Commitment Ratio) of the Available Commitment, (ii) the excess of (x) the Swing Bank's pro rata share (in accordance with its Commitment Ratio) of the Commitment over (y) the sum of the aggregate outstanding principal amount of Swing Loans and Revolving Loans made by it and thethe Swing Bank's pro rata share (in accordance with its Commitment Ratio) of the outstanding Letter of Credit Obligations, and (iii) $11,000,000.

Appears in 1 contract

Samples: Credit Agreement (Zenith Electronics Corp)

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The Swing Loans. Subject to the terms and conditions hereof, the Swing --------------- Bank, in its sole discretion, may from time to time after the Agreement Date but prior to the Maturity Date, make Swing Loans to the Borrower Borrowers in an aggregate principal amount not to exceed at any time outstanding the least lesser of (i) the Swing Bank's pro rata share (in accordance with its Commitment Ratio) of the Available Revolving Loan Commitment, (ii) the excess of (x) the Swing Bank's pro rata share (in accordance with its Revolving Loan Commitment Ratio) of the Revolving Loan Commitment over (y) the sum of the aggregate outstanding principal amount of Swing Loans and Revolving Loans made by it and thethe Swing Bank's pro rata share of the outstanding Letter of Credit Obligations, and (iii) $5,000,000.

Appears in 1 contract

Samples: Credit Agreement (Bull Run Corp)

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