U.S. Swingline Commitment Clause Samples
U.S. Swingline Commitment. Subject to the terms and conditions set forth herein, the U.S. Swingline Lender agrees, in reliance upon the agreements of the other U.S. Revolving Lenders set forth in this Section 2.5, to make loans (each such loan, a “U.S. Swingline Loan” and, collectively, the “U.S. Swingline Loans”) to the Company from time to time on any Business Day during the Commitment Period in an aggregate amount not to exceed at any time outstanding an aggregate Dollar Amount of ONE HUNDRED MILLION U.S. DOLLARS (U.S.$100,000,000) (the “U.S. Swingline Committed Amount”) for the purposes hereinafter set forth, notwithstanding the fact that such U.S. Swingline Loans, when aggregated with the outstanding amount of U.S. Revolving Loans, may exceed the amount of the U.S. Swingline Lender’s Revolving Commitment; provided, however, (i) the aggregate principal Dollar Amount (determined as of the most recent Determination Date) of outstanding Revolving Loans, Swingline Loans and LOC Obligations shall not exceed the Aggregate Revolving Committed Amount and (ii) with regard to the U.S. Revolving Lenders collectively, the aggregate principal Dollar Amount of the outstanding U.S. Revolving Loans, U.S. Swingline Loans and LOC Obligations shall not exceed the U.S. Revolving Committed Amount. U.S. Swingline Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof.
U.S. Swingline Commitment. Subject to the terms and conditions set forth herein, the US Swingline Lender agrees to make US Swingline Loans to US Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in the aggregate principal amount of outstanding US Swingline Loans exceeding $35 million and provided that after making a US Swingline Loan, the sum of the total US Revolving Exposures shall not exceed the lesser of (A) the total Revolving Commitments minus any Line Reserve and (B) the Borrowing Base then in effect; provided that the US Swingline Lender shall not be required to make a US Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, US Borrowers may borrow, repay and reborrow US Swingline Loans.
U.S. Swingline Commitment. Subject to the terms and conditions set forth herein, the US Swingline Lender agrees to make US Swingline Loans to US Borrowers from time to time during the Revolving Availability Period, in an aggregate principal amount at any time outstanding that will not result in the aggregate principal amount of outstanding US Swingline Loans exceeding $50 million and provided that after making a US Swingline Loan, the sum of the total US Revolving Exposures shall not exceed the lesser of (A) the total Revolving Commitments and (B) the Borrowing Base minus the U.S. Minimum Availability Requirement then in effect; provided that the aggregate US Revolving Exposure shall not exceed the amount equal to the Borrowing Base minus the U.S. Minimum Availability Requirement; provided further that the US Swingline Lender shall not be required to make a US Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, US Borrowers may borrow, repay and reborrow US Swingline Loans.
U.S. Swingline Commitment. 39, 41 US Swingline Exposure.....................................................39
U.S. Swingline Commitment. (a) Subject to the terms and conditions hereof, the U.S. Swingline Lender agrees to make a portion of the credit otherwise available to the Borrowers under the U.S.$ Revolving Commitments from time to time during the Revolving Commitment Period by making swing line loans in U.S. Dollars ("U.S. Swingline Loans") to Dura; provided that (i) the aggregate principal Dollar Equivalent amount of Swingline Loans outstanding at any time shall not exceed the Swingline Commitment then in effect (notwithstanding that the Swingline Loans outstanding at any time, when aggregated with any Swingline Lender's other outstanding Revolving Loans, may exceed the Swingline Commitment then in effect) and (ii) Dura shall not request, and the U.S. Swingline Lender shall not make, any U.S. Swingline Loan if, after giving effect to the making of such U.S. Swingline Loan, the aggregate amount of the Available Revolving Commitments would be less than zero. During the Revolving Commitment Period, Dura may use the U.S. Swingline Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Unless otherwise agreed between Dura and the U.S. Swingline Lender, each U.S. Swingline Loan shall be a Base Rate Loan; provided that each U.S. Swingline Loan shall be a Base Rate Loan from and after any date on which the Revolving Lenders purchase undivided participating interests therein pursuant to Section 2.7(c).
(b) Dura shall repay to the U.S. Swingline Lender the then unpaid principal amount of each U.S. Swingline Loan on the Revolving Termination Date.
U.S. Swingline Commitment. Subject to the terms and conditions hereof, the U.S. Swingline Lender agrees to make extensions of credit to the U.S. Borrower from time to time during the Revolving Commitment Period by making swing line loans (“U.S. Swingline Loans”) to the U.S. Borrower in Dollars on behalf of the U.S. Borrower in an aggregate amount not to exceed the U.S. Swingline Commitment of such Lender. The amount of such Loan from time to time shall be deemed to be an ABR Loan or such other type of Loans as shall be agreed to by the U.S. Borrower and the U.S. Swingline Lender. The U.S. Borrower shall ensure that, after giving effect to the making of any U.S. Swingline Loan the aggregate amount of U.S. Swingline Extensions of Credit then outstanding shall not exceed the U.S. Swingline Commitment. During the Revolving Commitment Period, the U.S. Borrower may use the U.S. Swingline Commitment by borrowing, repaying and reborrowing, all in accordance with terms and conditions hereof.
U.S. Swingline Commitment. (a) Subject to the terms and conditions hereof, the U.S. Swingline Lender agrees to make a portion of the credit otherwise available to the Borrowers under the U.S.$ Revolving Commitments from time to time during the Revolving Commitment Period by making swing line loans in U.S. Dollars ("U.S. Swingline Loans") to Dura; provided that (i) the aggregate principal Dollar Equivalent amount of Swingline Loans outstanding at any time shall not exceed the Swingline Commitment then in effect (notwithstanding that the Swingline Loans outstanding at any time, when aggregated with any Swingline Lender's other outstanding Revolving Loans, may exceed the Swingline Commitment then in effect) and (ii) Dura shall not request, and the U.S. Swingline Lender shall not make, any U.S. Swingline Loan if, after giving effect to the making of such U.S. Swingline Loan, the aggregate amount of the Available Revolving Commitments would be less than zero. During the Revolving Commitment Period, Dura may use the U.S. Swingline Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Unless otherwise agreed between Dura and the U.S. Swingline Lender, each U.S. Swingline Loan shall be a Base Rate Loan; provided that each U.S. Swingline Loan shall be a Base Rate Loan from and after any date on which the Revolving Lenders purchase undivided participating interests therein pursuant to Section 2.7(c).
(b) Dura shall repay to the U.S. Swingline Lender the then unpaid principal amount of each U.S. Swingline Loan on the Revolving Termination Date.