Available Swingline Facility definition

Available Swingline Facility means the aggregate for the time being of each Swingline Lender’s Available Swingline Commitment.
Sample 1Sample 2Sample 3
Available Swingline Facility means, in relation to a Swingline Facility at any time, the aggregate amount at that time of the Available Swingline Commitments of all the Banks under that Swingline Facility.
Sample 1Sample 2
Available Swingline Facility has the meaning given to such term in paragraph 8.1.1 of Clause 8.1 (General).
Sample 1Sample 2

Examples of Available Swingline Facility in a sentence

  • If a Swingline Facility Lender’s Swingline Facility Commitment is reduced in accordance with the terms hereof after the Agent has received the Utilisation Request for a Swingline Facility Advance and such reduction was not taken into account in the Available Swingline Facility, then both the Euro Amount of the relevant Swingline Facility Advance and the amount of that Swingline Facility Advance made or to be made shall be reduced accordingly.

  • The Borrower may, if it gives the Agent not less than ten Business Days’ prior notice, cancel the whole or any part (being a minimum amount of S$5,000,000) of the Available Swingline Facility.

  • The amount of a Bank’s Advance will, in the case of a Revolving Facility Advance, be the proportion of the Requested Amount which its Available Commitment bears to the Available Facility on the relevant Utilisation Date and, in the case of a Swingline Advance, the proportion of the Requested Amount which its relevant Available Swingline Commitment bears to the relevant Available Swingline Facility on the relevant Utilisation Date.

  • On the date of any cancellation under Clause 9.5 (Voluntary cancellation of Available Swingline Facility) or Clause 12.4 (Voluntary cancellation), the Borrower shall pay to the Agent (for the account of the relevant Lenders) a cancellation fee of 0.50 per cent.


More Definitions of Available Swingline Facility

Available Swingline Facility means EUR 500,000,000 less the Base Currency Amount of any Swingline Loans outstanding at such time and adjusted so as to take account of any Swingline Loans due to be made and/or repaid on the proposed Utilisation Date.
Sample 1
Available Swingline Facility means, at any time, the aggregate of the Available Swingline Amounts at such time; “Available Tranche A Commitment” means, in relation to a Bank, its Tranche A Commitment less its participation in any outstanding Tranche A Advances;
Sample 1
Available Swingline Facility means the aggregate for the time being of each Swingline Lender’s Available Swingline Commitment;(c)
Sample 1
Available Swingline Facility means the aggregate for the time being of each Swingline Lender's Available Swingline Commitment; (c) "Federal Funds Rate" means, in relation to any day, the rate per annum equal to: (i) the rate on overnight federal funds transactions calculated by the Federal Reserve Bank of New York as the federal funds effective rate, as published for that day (or, if that day is not a New York Business Day, for the immediately preceding New York Business Day) by the Federal Reserve Bank of New York; or (ii) if a rate is not so published for any day which is a New York Business Day, the average of the quotations for that day on overnight federal funds transactions received by the Swingline Agent from three depository institutions of recognised standing selected by the Swingline Agent,
Sample 1

Related to Available Swingline Facility

  • Swingline Facility means the swingline facility established pursuant to Section 2.2.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Available Facility means, in relation to a Facility, the aggregate for the time being of each Lender’s Available Commitment in respect of that Facility.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d). [Signature page follows.]

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).