Examples of Multicurrency Swingline Loan in a sentence
For purposes of determining the available Multicurrency Revolving Credit Commitments of the relevant Lenders at any time (but subject to the last sentence of Section 2.05(a)(ii)), each outstanding Multicurrency Swingline Loan shall be deemed to have utilized the relevant Multicurrency Revolving Credit Commitments of such Lenders (including those Lenders which shall not have made Multicurrency Swingline Loans) pro rata in accordance with such respective Multicurrency Revolving Credit Commitments.
The Borrower hereby unconditionally promises to pay to the applicable Multicurrency Swingline Lender, on the date upon which the Multicurrency Swingline Commitment of such Multicurrency Swingline Lender terminates, the then unpaid principal amount of each Multicurrency Swingline Loan made to the Borrower by such Multicurrency Swingline Lender.
All Multicurrency Swingline Loans shall be repaid with interest not later than the 7th business day after the date such Multicurrency Swingline Loan is made.
Dollar Swingline Loans shall be ABR Loans and Multicurrency Swingline Loans shall bear interest at the applicable Multicurrency Swingline Loan Rate.
Each Dollar Swingline Loan made on behalf of the Dollar Tranche Lenders shall be an ABR Loan and each Multicurrency Swingline Loan shall be an Overnight LIBO Loan.
A decision taken too early in this matter could result in setting a rate which would not reflect economic reality properly.
Missing Money at SupplyThe supply industries in the electricity markets need to enhance their capacities to meet continuously increasing electricity demand.
The US Borrower and the Canadian Revolver Borrower hereby unconditionally promise to pay (on a several but not joint basis) to the Multicurrency Swingline Lender on the Revolving Credit Maturity Date the then unpaid principal amount of each Multicurrency Swingline Loan made to such Borrower.
In furtherance of the foregoing, each Revolving Credit Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the applicable Swingline Lender, such Revolving Credit Lender’s Pro Rata Percentage of each Domestic Swingline Loan or Multicurrency Swingline Loan, as the case may be, that is not repaid on the last day of the Interest Period with respect thereto.
The Swingline Lender shall not make any Multicurrency Swingline Loan if, after giving effect thereto, the Borrowers would not be in compliance with the Revolving Exposure Limitations.