Foreign Swingline Loan definition

Foreign Swingline Loan means a Loan made to Capri Holdings or MK Switzerland in an Agreed Currency (other than Canadian Dollars) bearing interest at the Overnight Foreign Currency Rate pursuant to Section 2.05.
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Foreign Swingline Loan has the meaning specified in Section 3.3(b).
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Foreign Swingline Loan any Borrowing of Foreign Base Rate Loans funded with Foreign Swingline Lender’s funds, until such Borrowing is settled among Foreign Lenders or repaid by Foreign Borrowers. Foreign Swingline Sublimit: $20,000,000. Foreign Unused Line Fee Rate: at any time, a per annum rate equal to 0.250%.
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Examples of Foreign Swingline Loan in a sentence

  • Subject to the provisions of Section 4.1, each Foreign Swingline Loan shall bear interest at a rate per annum agreed to by the applicable Foreign Swingline Borrower(s) and the applicable Foreign Swingline Lender.

  • Each Foreign Swingline Loan shall bear interest at the Overnight Foreign Currency Rate.

  • The applicable Foreign Swingline Borrower may prepay Foreign Swingline Loans in accordance with terms agreed to by such Foreign Swingline Borrower and the applicable Foreign Swingline Lender, and any prepayment of a Foreign Swingline Loan shall be subject to Section 4.11.

  • Each Swingline Loan shall be (x) an ABR Loan or a Swingline Overnight Rate Loan in the case of a Swingline Loan to the Company denominated in Dollars or (y) a Foreign Swingline Loan in the case of a Swingline Loan to MK Holdings or MK Switzerland denominated in any Agreed Currency (other than Canadian Dollars).

  • Foreign Loan: a Loan made by Foreign Lenders to Foreign Borrowers pursuant to Section 2.1.1(b), which Loan shall be denominated in Sterling, Dollars, Australian Dollars or Euros and either a LIBOR Loan, a Foreign Base Rate Loan or, with respect to Loans denominated in Australian Dollars only, an Australian Bank Xxxx Rate Loan, and including any Foreign Swingline Loan, Foreign Overadvance Loan, Foreign Protective Advance and deemed Loan advanced under Section 2.3.2(a).

  • Until each Foreign Currency Lender funds its risk participation pursuant to this Section 3.3 to refinance such Lender’s Applicable Percentage of any Foreign Swingline Loan, interest in respect of such Applicable Percentage shall be solely for the account of the Foreign Swingline Lender that made such Foreign Swingline Loan.

  • Immediately upon the making of a Foreign Swingline Loan, each Foreign Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Foreign Swingline Lender a participation interest in such Foreign Swingline Loan in an amount equal to the product of such Lender’s Foreign Revolving Commitment Percentage thereof; provided that the participation interest shall not be funded except on demand as provided in Section 2.04(b)(ii).

  • The applicable Foreign Swingline Lender shall not make any Foreign Swingline Loan if it has received notice (by telephone or in writing) from the Agent (including at the request of any Lender) prior to the date of any proposed borrowing of Foreign Swingline Loans that one or more of the applicable conditions specified in Article V is not then satisfied.

  • Each such notice (whether by telephone or written) shall be irrevocable and shall specify (i) the Borrower requesting such Swingline Loan, (ii) the requested date (which shall be a Business Day) of such Swingline Loan, (iii) in the case of a Foreign Swingline Loan or a Canadian Swingline Loan, the requested currency of such Swingline Loan and (iv) the amount of the requested Swingline Loan.

  • Foreign Loan: a Loan made by Foreign Lenders to Foreign Borrowers pursuant to Section 2.1.1(b), which Loan shall be denominated in Sterling, Dollars, Australian Dollars or Euros and either an Interest Period Loan, a Foreign Base Rate Loan or, with respect to Loans denominated in Australian Dollars only, an Australian Bank Xxxx Rate Loan, and including any Foreign Swingline Loan, Foreign Overadvance Loan, Foreign Protective Advance and deemed Loan advanced under Section 2.3.2(a).


More Definitions of Foreign Swingline Loan

Foreign Swingline Loan means a Loan made by the Foreign Swingline Lender to a Foreign Borrower pursuant to Section 2.04.
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Foreign Swingline Loan has the meaning provided in Section 2.01(f).
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Foreign Swingline Loan any Borrowing of Foreign Base Rate Loans funded with Foreign Swingline Lender’s funds, until such Borrowing is settled among Foreign Lenders or repaid by Foreign Borrowers.
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Foreign Swingline Loan has the meaning assigned to such term in Section 2.05.
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Related to Foreign Swingline Loan

  • U.S. Swingline Loan means a Loan made pursuant to Section 2.04 as a “U.S. Swingline Loan.”

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Canadian Swingline Lender means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as lender of Canadian Swingline Loans hereunder.

  • U.S. Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of U.S. Swingline Loans hereunder.

  • Swingline Loan Note a promissory note in the form of Exhibit H-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Swingline Loan means a Loan made pursuant to Section 2.04.

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

  • Swingline Loans as defined in Section 2.6.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Swingline Loan Notice means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit J or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Revolving Credit Loans as defined in Section 2.1.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.