Swing Lender definition
Examples of Swing Lender in a sentence
Each Lender (including Swing Lender in its capacity as a Lender) shall make its Pro Rata Share of such Revolving Advance available to Agent in immediately available funds by 3:00 p.m. on the date requested, and the obligation to fund such Revolving Advance shall be unconditional, irrespective of the occurrence, existence or continuance of an Event of Default or Unmatured Event of Default.
Each Revolving Advance made pursuant to each request made by Swing Lender pursuant to the foregoing sentence shall be considered to be a Revolving Advance, and Borrower hereby irrevocably instructs Swing Lender to apply the proceeds of such Revolving Advances to the prepayment of such Swing Loan.
Swing ▇▇▇▇▇▇ agrees to use commercially reasonable efforts to return to Borrower, within thirty (30) days of the date of this Amendment, the original Swing Note previously delivered to Swing Lender.
No provision of this Agreement relating to the rights or duties of the Swing Lender in its capacity as such shall be amended, modified or waived without the consent of the Swing Lender.
Borrower shall request a Swing Loan by written notice to Swing Lender.