Examples of Base Rate Swingline Loan in a sentence
Each Base Rate Swingline Loan shall be made by the Swingline Lenders ratably in accordance with their respective Swingline Percentages.
If no election as to the Type or facility applicable to such Borrowing is specified in any such notice, then the requested Borrowing will be a Base Rate Swingline Loan Borrowing.
If, at any time, after a Swingline Lender has made a Base Rate Swingline Loan and has received from any Lender such Lender's share of such Base Rate Swingline Loan, and such Swingline Lender receives any payment or makes any application of funds on account of such Base Rate Swingline Loan, such Swingline Lender will pay to the Administrative Agent, for the account of such Lender, such Lender's Pro Rata share of such payment.
Each Base Rate Swingline Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin for Base Rate Loans.
In addition, a Swingline Lender shall be justified and fully protected in declining to make a Base Rate Swingline Loan if such Swingline Lender has received notice from the Administrative Agent, acting at the direction of the Required Lenders, to cease making Base Rate Swingline Loans as provided in Section 3.02(c)(ii).
Notwithstanding any other provision hereof, each Lender hereby agrees that its obligation to participate in each Base Rate Swingline Loan issued in accordance herewith, and its obligation to make the payments specified in this Section 3.02(f), are each absolute, irrevocable and unconditional and shall not be affected by any event, condition or circumstance whatever.
As between the Borrower on the one hand, and the Lender Parties, on the other hand, the making of any Base Rate Swingline Loan is subject to the applicable conditions set forth or referred to in this Section 3.02 and Article V and VIII.