Examples of Swing Bank in a sentence
Each Swing Loan shall be subject to all the terms and conditions applicable to Revolving Loans, except that all payments thereon shall be payable to the Swing Bank solely for its own account.
The Swing Bank shall have no duty or obligation to make any Swing Loans hereunder.
The Swing Bank shall not make any Swing Loans if the Swing Bank has received written notice from any Lender (or the Swing Bank has actual knowledge) that one or more applicable conditions precedent set forth in Section 4.2 will not be satisfied (or waived pursuant to the last sentence of Section 4.2) on the requested Advance date.
Each Swing Bank shall be responsible for invoicing the applicable Borrower for interest on the Swing Loans made by it.
Each Swing Bank shall promptly notify the Administrative Agent of any prepayments by the Borrower of interest on the Swing Loans made by such Swing Bank.